Piramal Glass

Piramal Glass Limited (formerly known as Gujarat Glass Pvt. Ltd.) is an Indian glass packgaging company providing packaging for Pharmaceutical and Perfume Industry. Prior to its acquisition by the Piramal Group in 1984, the company's manufacturing plant was located in Kosamba, Gujarat. In 1990, Gujarat Glass Pvt. Ltd. merged with its parent company Nicholas Piramal India Ltd. to become one of its many divisions.[2][3]

Piramal Glass Limited
Formerly
Gujarat Glass Private Limited
Public
Traded as
IndustryContainers & Packaging
Founded1984
HeadquartersMumbai, Maharashtra, India[1]
Area served
Worldwide
Key people
Ajay Piramal
(Chairman)
Vijay Shah
(Managing Director)
ProductsCosmetics and Perfumery, Pharmaceuticals, Specialty Food and Bevarages, Decorations
ParentPiramal Group
Websiteglass.piramal.com

Piramal Glass sells glass packaging for the pharmaceuticals, Food and Beverages (F&B) and the cosmetics & perfumery (C&P) industries.

Specialty Food and Beverage

The Specialty Food and Beverage segment provides bottles for wine, liquor and food industry. This segment is primarily catered by the Sri Lanka and US operations serving global industry bigwigs such as Cadbury Schweppes, Diageo, Pernod Ricard, UB Group etc. [4]

Manufacturing facility

Piramal Glass has its manufacturing facilities in India (Kosamba and Jambusar), Sri Lanka and the United States. The Kosamba facility has six furnaces – one for Pharma and five for C&P -- with a combined capacity of 330 TPD. The Jambusar facility is one of the world's largest installed capacities for pharmaceutical packaging in amber glass. It has 3 furnaces with a combined capacity of 520 TPD. [5]

In Sri Lanka, Piramal Glass has 1 furnace in Horana with a capacity of 250 TPD for producing both flint and amber bottles.[6]

During the last year, Piramal Glass received recognition, with the Kosamba plant getting the Frost & Sullivan Gold Certificate Award for Business Excellence and the Jambusar plant getting the Golden Peacock Award for Quality. [7]

Now a part of Piramal Group, headed by Ajay Piramal, Piramal Glass won the "Award for the Best HR Strategy in Line with Business" at the 2nd Best Employer Brand Awards 2011. The awards were hosted by Employer Branding Institute-India and World HRD Congress held in Singapore.[8]

In its quarterly report in Q4FY2008, Piramal Glass recorded Consolidated Revenues growth by 21.8% to Rs. 2.3 billion, Operating Profit growth of 41.6% to Rs. 399.5 million; and Net Loss was recorded down by 54.6% to Rs. 71.9 million.[9]

During June 2010, a sales turnover of Rs 169.08 crore and a net profit of Rs 9.09 crore was recorded.[10] Following quarter(Sept 2010), Piramal Glass announced a sales turnover of Rs 196.22 crore and a net profit of Rs 18.00 crore.[11]

In February 2011, Piramal Glass stated that they would be investing Rs.100 crore on capacity expansion at its Jambusar unit in Gujarat through a greenfield project. The project was deemed to be completed by 2011-12.[12][13] Furthermore, the company proposed to transfer 75 tonnes of its current capacity in the pharmaceutical segment to the C&P business. It also stated its plans to streamline its global operations in the countries like USA and Sri Lanka.[14]

In October 2013, PGC won its fourth consecutive Gold award in the Large Industry segment in the Ceramic sector at the 21st Annual NCE awards ceremony. The National Chamber of Exporters (NCE) of Sri Lanka held its 21st Annual NCE Export Awards Ceremony recently.[15]

References
  1. "Contact Information of Piramal Glass: the Leading Glass Manufacturer India". Piramal Glass. Retrieved 10 January 2013.
  2. Glass, Piramal. "History".
  3. "About Us". www.piramalglass.com. Retrieved 1 August 2020.
  4. Glass, Piramal. "History".
  5. "Piramal Glass Ltd". Economic Times.
  6. "Glass - Mumbai".
  7. "Mr. Chunduru Srinivas, VP Strategy & Head-Investor Relations, Piramal glass". India Infoline.
  8. Standard, Business. "Piramal glass wins 'Best HR strategy in line with biz' award".
  9. Control, Money. "Piramal Glass cons revenues grew 21.8% to Rs 2.3bn".
  10. Control, Money. "Piramal Glass reports Rs 169.08 crore turnover for quarter ended Jun 2010".
  11. Control, Money. "Piramal Glass reports Rs 196.22 crore turnover for quarter ended Sep 2010".
  12. Standard, Business. "Piramal Glass to invest Rs 100 cr in greenfield project".
  13. Hindu, The. "Piramal Glass to invest Rs.100 cr in greenfield project".
  14. "Piramal Glass to invest Rs 100 cr in greenfield project". OneIndia.
  15. "Piramal wins at NCE Awards". The Nation. 6 October 2013.
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