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| Company type | Private |
|---|---|
| Industry | Packaging |
| Founded | 1983 (1983) |
| Headquarters | Bangalore, India |
| Key people | Thimmaiah Napanda |
| Services | Packaging, Post-molding |
| Number of employees | 5,000 |
| Website | www |
Manjushree Technopack Limited is an Indian rigid plastic packaging company, based in Bangalore. It has a converting capacity of over 1,75,000 MT of PET, HDPE, PP grade plastics in bottles, containers, and PET preforms per annum.
History
Manjushree was founded by Vimal Kedia and Surendra Kedia in 1983. They were joined by second generation family members, Rajat and Ankit Kedia. The company operates in the rigid packaging segment, serving FMCG industry verticals including dairy, liquor, food products, agrochemicals, pharma, home care, and personal care.
In 2018, Advent International acquired a 77% stake of the company from Kedaara Capital and the promoters.
Operations
Manjushree offers packaging services in bottles and containers. It has nine manufacturing plants located in Amritsar, Baddi, Pantnagar, Guwahati, Manesar, Silvassa and two plants in Karnataka. In June 2020, they commissioned their first recycling plant in Bidadi (Karnataka).
References
- Manjushree Technopack: Packing a punch Forbes India
- "PE firm Advent acquires Manjushree Technopack". The Economic Times. India: The Economic Times. 11 October 2018. Retrieved 18 November 2019.
- Kurup &, Rajesh (11 October 2018). "Advent acquires entire 40% stake held by Kedaara Capital in Manjushree Technopack". Business Line. India: Business Line. Retrieved 18 November 2019.
- Rao, Rakesh (26 October 2016). "Manjushree Technopack plans diversification to tap growing packaging market". Business Standard India. India: Business Standard. Retrieved 18 November 2019.
- Advent International Invests in Manjushree Technopack WSJ.