|Manjushree Extrusions Limited (MEL)
was incorporated as Private Limited Company
on 13 November, 1987. Subsequently
it was converted to Public Limited Company
w.e.f.12 December1994. The Company, presently,
is being engaged in the manufacture of specialty
plastic packaging products mainly containers
and Jars for Multinational Companies in FMCG,
Pharma,Food Processing and Agrochemical sectors
through an ongoing process of research oriented
design and development. The products of the Company
include Injection / Blow molded PET / PP and
Multilayer plastic containers which are manufactured
by adopting Japanese and European technologies.
The Company marketing offices at major metros in
the country including at Mumbai, Chennaiand
Bangalore to effectively coordinate and liaise
with its customers spread across the length and
breadth of the country.
The Company had initially set-up a Flexible Packaging
unit at Guwahati in the year 1988-89. In the year 1995-96,
the Company set-up a unit for manufacturing of PET Containers
with an initial installed capacity of 600 MT at Bommasandra
Industrial Area,Bangalore at a capital cost of Rs. 8.25
crores which was funded by State Bank of India to the tune of
Rs. 3 crores with the balance being raised through a public
issue of the Companys equity shares including promoters
contribution and internal accruals.
The Company has made a Public Issue of 26,70,000 Equity Shares
of Rs. 10/- for cash at a premium of Rs. 2.50 per Share
aggregating Rs. 333.75 lacs in September, 1995 to part
finance the project for setting up a unit for the manufacture
of PET containers
Presently the Company is listed at Calcutta, Gauhati
and the Ahmedabad Stock Exchange. However the Company
shares are not traded at any of the above said exchanges.
In order to cater to growing requirement of PET
Containers in various parts of the country, particularly the
western and southern sectors, installed capacity of the unit
was expanded by an additional 600 MTPA during the year 1998-99
at a total cost of Rs. 4.18 crores, for which the Company availed
an additional term loan of Rs. 2.75 crores from State Bank
of India, while the balance was met out of internal accruals
of the Company.
In order to concentrate on its core activity for manufacturing
of PET Containers the Company decided to dispose-off the Flexible
Packaging unit at Guwahati on 1st October 2000 with requisite
During the year 2001-02, the capacity was further
expanded by an additional 250 MTPA by funding from the Companys
internal accruals, thereby raising the total installed capacity
to 1450 MTPA.During the year 2003-04, the Company commissioned
a diversification project for manufacture of Monolayer / Multilayer
containers with an additional capacity of 1613 MTPA
rerated to 1550 MTPA), thereby raising its overall plant
capacity to 3000 MTPA, with the financial assistance
of State Bank of India in the form of a term loan of Rs.
740 lacs and enhanced working capital facilities of Rs. 770 lacs,
which have been fully utilized for the funding requirement in the
respective areas. The plants have since stabilized its operations
successfully and the Company has been able to market its entire
production at enhanced levels without any constraints.
The capacity has been further increased to 3450 MT during
the FY 2004-05 and to 4140 MT during the FY 2005-06 by installing
additional machineries.The Company has adhered to the Quality
Management System Standard of ISO 9001: 2000 issued by the AQSR,
International Incorporation, Michigan, USA.
The Company enjoys a preferred supplier status in regard to
the Specialty Plastic Containers, which are marketed under the
brand name of POLYPET predominantly to MNCs in FMCG sector;
which assures a consistent market to the Companys
products. The major clients of the Company at present include
Hindustan Unilever, Nestle, Cadbury, Britannia, Glaxo Smith Kline,
P&G, Coca Cola, Tata Tea, Goodricke Group, McLeod, Godrej,
Nutrine, Wrigleys, Parrys, Heinz, P&G, Reckitt etc.
Envisaging continuous demand of the Companys entire range
of Products viz.250ml to 750 ml Bottles, 800ml to 2000 ml
Jars,2500ml to 3500ml and 6000m to 9000ml Jars from its existing
customers and potent demand of export market,the Company proposes
to expand its existing capacity by 10100 MT per annum,
thereby raising the overall manufacturing capacity of Speciality
Plastic Containers and Preforms to 14240 MT on triple shift
operation basis. The total cost of the project is Rs. 5370 lacs
out of which Company proposes to raise Rs. 3570 lacs
through Right cum Public Issue and balance Rs. 1800 Lacs as term loan.
MAJOR EVENTS IN THE HISTORY OF THE COMPANY
1987 Incorporation of the Company. Flexible Packaging Unit
at Guwahati started functioning to manufacture laminates and
other plastic packaging items etc.
1994 Bangalore Project for manufacturing PET Containers finalized
Converted to public limited Company w.e.f 12th December, 1994
1995 Land allotted by Karnataka Industrial Development Board
and the construction began. State Bank of India gave in principle
clearance.Company went Public and was subsequently listed in
Gauhati, Ahmedabad and Calcutta Stock Exchanges.1996 Bangalore
Unit For PET containers commenced production Mr. Vimal Kedia,
Managing Director of Manjushree Extrusions Ltd, received an
award from the Additional Secretary & Development Commissioner-SSI,
New Delhi for his contribution to the industrial development in
North Eastern Region. Mr. Vimal Kedia, Managing Director of
Manjushree Extrusions Ltd received an award from the then President
of India, Mr. Sankar Dayal Sharma.
1998 The first expansion with addition of two more PET
ISBM Machines from Japan completed.
1999 Manjushree started exporting its products to Sri Lanka
and Middle East Countries.2000 Manjushree was awarded with
INDIASTAR 2000 for the year 2000 (the highest recognition for
excellence inPackaging) from Indian
Institute of Packaging for their products.
2001 Manjushree was awarded with Asia Star 2000 for the year 2000
(Award for Packaging Excellence) from the Asian Packaging Federation f
or their products.
2002 The second expansion with further addition of two more
injection moulding machines took place.Manjushree was awarded with
INDIASTAR 2002 for the year 2002 (the highest recognition for
excellence in Packaging) from Indian Institute of Packaging for
2003 Manjushree started its second unit at Bommasandra
Industrial Area with new technology of Multilayer and Hot
Fill PET Bottle project.
2004 Third expansion at Unit I and 1st expansion at Unit
II completed with addition of new equipments and technologies.
Manjushree was successfully accredited with ISO certification
(ISO 9001:2000) by AQSR International Inc.Manjushree was awarded
with INDIASTAR 2004 for the year 2004 (the highest recognition
for excellence in Packaging) from Indian Institute of Packaging
for their products.Manjushree was awarded with Asia Star 2004 for
the year 2004 (Award for Packaging Excellence) from the
Asian Packaging Federation for their products
2005 Manjushree brings in PPISBM Technology for the first
time in the Country for their client namely M/s.GlaxoSmithKline
for Horlicks and Boost packaging.Manjushree organized Furturepac
Seminar on emerging trends in Rigid Packaging for Dairy, Food
& RTD Beverages in collaboration with M/s. Indian Plastic
Institute and Reliance Industries.Manjushree received
an award for achieving highest rating in the ranking of
Indias Top 500 manufacturing small and mid sizes company
from Jasubhai Digital Media.