Manjushree Technopack

Manjushree Technopack Limited is India's largest rigid plastic packaging company.[1][2][3] It is based in Bangalore.[4] It was founded by Vimal Kedia and Surendra Kedia.

Manjushree Technopack Limited
Private Limited
IndustryPackaging
Founded1983 (1983)
Headquarters
Bangalore
,
India
Key people
Vimal Kedia
Surendra Kedia
Number of employees
5,000
Websitemanjushreeindia.com

History

Manjushree Technopack Limited was established in 1983 by Vimal Kedia, subsequently his brother Surendra joined as well. The second generation Rajat and Ankit Kedia joined the business in early 2000s to expand and grow the business further.The company caters to rigid packaging requirements of the FMCG industry verticals ranging from dairy to liquor, food products, agro chemicals, pharma, home care and personal care. It has seven manufacturing plants located in Baddi, Pantnagar, Guwahati, Manesar and Karnataka. The estimated revenue is Rs. 1,100 billion.

In 2018, Advent International acquired 77% stake of the company.[5]


References
  1. "PE firm Advent acquires Manjushree Technopack". The Economic Times. India: The Economic Times. 11 October 2018. Retrieved 18 November 2019.
  2. Kurup &, Rajesh. "Advent acquires entire 40% stake held by Kedaara Capital in Manjushree Technopack". Business Line. India: Business Line. Retrieved 18 November 2019.
  3. Rao, Rakesh (26 October 2016). "Manjushree Technopack plans diversification to tap growing packaging market". Business Standard India. India: Business Standard. Retrieved 18 November 2019.
  4. Manjushree Technopack: Packing a punch Forbes India
  5. Advent International Invests in Manjushree Technopack WSJ.
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