OUR BUSINESS
Our Company incorporation March 1987 and over the last 37 years We are the largest rigid plastic packaging (“RPP”) player in terms of installed capacity in India as of March 31, 2024 operating in the consumer rigid plastics industry.
- Food
- Beverages
- Liquor and Spirits
- Personal care
- Home Care
- Pharmaceutical
- Agrochemicals
We are a one stop packaging solutions provider with end-to-end capabilities (i.e., from design to delivery) across containers, preforms, caps and closures, pumps and dispensers and captive recycling capabilities.
We are a derivative of the consumer industry given our presence across wide range of end industries including food and beverages, home care, personal care, alco-beverage, paints and adhesives, pharmaceuticals, nutraceuticals, dairy and agrochemicals.
We serve a marquee customer base, which according to the Technopak Report encompasses almost all consumption categories in India, enabling us to cater to a wide range of end consumers and benefit from the growing consumption trends in India.
Our diversified customer base of 964 customers in Fiscal 2024 enables us to de-risk and reduce our dependency on any customer or group of customers.
Our Top Customers Our Marquee Customers include
- Varun Beverages Limited.
- Dabur India Limited.
- Marico Limited.
- Honasa Consumer Limited.
- Hershey IndiaPrivate Limited.
- Kansai Nerolac Paints Limited.
- Pernod Ricard Private Limited.
- Parag Milk Foods Limited.
We prioritize the integration of innovative and sustainable practices into our operations and packaging solutions.
We are one of the leading companies in sustainable packaging and environmental, social, and governance (“ESG”) standards in India in terms of use of renewable power and recycled plastic as of March 31, 2024 .
Dun & Bradstreet also awarded us with an overall ESG ranking of two out of five (where one represents the lowest risk and highest performance) as compared to other players in the containers packaging industry with an average score of 3.07 in Fiscal 2024.
OBJECTS OF ISSUE
1. Repayment/ prepayment, in full or part, of outstanding borrowings of our Company.
2. pursuing inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.
Qualitative Factors
1. Only player of this scale in India with market leadership in the consumer rigid plastics packaging industry across product categories
2. Derivative of the consumer industry with a diversified business model that sustains market leadership and enables us to serve as a one-stop-shop solutions provider
3. The Indian RPP industry has a large total addressable market (TAM), is fragmented and is estimated to continue shifting from unorganized to organized
4. Trusted partner of choice for a marquee customer base across global, regional and national brands with a customer centric approach
5. Focus on operational efficiency with strategically located manufacturing facilities
6. Innovation-led growth in product and process development
7. Focus on sustainability and captive recycling capabilities
8. Successful track-record of consolidation through inorganic acquisitions in a fragmented industry
9. Experienced and skilled management and Board of Directors
Comparison of Accounting Ratios with Peer Group Companies
- Mold-Tek Packaging Limited.
