COMPANY SNAPSHOT
Manjushree Technopack is a dominant force in India’s rigid plastic packaging industry, known for its advanced manufacturing capabilities, technological innovation, wide-ranging product portfolio, and strong sustainability focus—reinforced by strategic acquisitions and backing from private equity.
Founded in 1983 by Vimal and Surendra Kedia, with Rajat and Ankit Kedia joining later.
Headquartered in Bengaluru, India; operates 30+ manufacturing facilities across the country.
Serves diverse sectors: FMCG, food & beverage, pharma, liquor, agrochemicals, automotive lubricants, paints, cosmetics, and home & personal care.
Capabilities & Products
- Processes over 275,000 MTPA of PET, HDPE, PP plastics into bottles, jars, preforms, caps, dispensers, and containers.
- Uses advanced technology from brands like Husky, Sacmi, and Reifenhauser.
- Offers custom solutions including hot-fillable, multilayer containers, and specialty closures.
Sustainability & Recycling
- Launched the “Born Again” initiative with its first recycling plant in Bidadi (Bengaluru) in 2020, producing post-consumer recycled (PCR) resin (~6,000 MT/yr).
- Partners with social enterprise Saahas Zero Waste for plastic collection.
- Focuses on circular-economy solutions and sustainability.
Market Position
- Recognized as India’s largest player in rigid-plastic consumer packaging, outpacing nearest competitors in revenue and capacity.
- Trusted partner to major brands: Unilever, Nestlé, P&G, Coca-Cola, PepsiCo, GSK, Dabur, Marico, Hershey’s, Pernod Ricard, and more.
INDUSTRY OUTLOOK
Market Size & Growth (in INR)
- Estimates suggest rapid growth in the Indian RPP market:
- ₹40,000 – ₹50,000 crore in FY2024
- Expected to grow to ₹80,000 – ₹1,20,000 crore by FY2030–32Implying a CAGR of 8–10% depending on source
- Growth is driven by rising consumption of packaged goods, regulatory shifts, and circular economy policies.
Key Growth Drivers
1. Boom in FMCG, Beverages & Pharma
- High demand for PET bottles, HDPE jars, and rigid containers.
- Dairy (milk, curd), edible oil, personal care, and OTC medicine packaging continue expanding.
E-commerce & Food Delivery Growth
- Need for tamper-proof, durable containers that can withstand transit.
- Urban and semi-urban adoption of online grocery & pharmacy boosts plastic demand.
Fuel Packaging & Government Mandates
- Ethanol blending initiatives by MoPNG create large-scale demand for HDPE jerry cans.
- BIS & FSSAI regulations support organized, compliant packaging producers.
Sustainability Push
- Introduction of mandatory 30% recycled plastic in certain packaging by 2025.
- Big brands (Coca-Cola, PepsiCo, Unilever) demanding 100% rPET bottles.
India’s Rigid Plastic Packaging industry is poised for double-digit growth in value terms over the next 5–7 years. Companies that embrace recycled content , expand capacity in high-growth zones, and offer regulatory-compliant innovation will dominate.
Latest shareholding pattern for Manjushree Technopack India Ltd.
| Shareholder Category | Percentage (%) |
| Promoters | 65.4% |
| Institutional Investors | 18.2% |
| Public Shareholders | 16.4% |