Sati Poly Plast Ltd IPO

About Sati Poly Plast Ltd

Sati Poly Plast Limited was originally incorporated as Sati Poly Plast Private Limited as a private limited company under the provision of the Companies Act, 1956 vide certificate of incorporation dated July 14, 1999, issued by Registrar of Companies, Bihar. Further, the company was converted from a private limited company to public limited company, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on November 01, 2023, and consequently, the name of the Company changed to Sati Poly Plast Limited and the fresh certificate of incorporation dated December 26, 2023 was issued to the company by the Registrar of Companies, Patna. The Corporate Identification Number of the Company is U82920BR1999PLC008904.

Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market. Technology has today encouraged creativity, with digital transformation being a critical element in gaining an advantage in this increasingly competitive industry. The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. India now has the physical and digital infrastructure to raise the share of the manufacturing sector in the economy and make a realistic bid to be an important player in global supply chains. Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, launched the ake in India' program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy.

Sati Poly Plast Limited is an ISO Certified Company engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. The Company provides end-to-end solution for various flexible packaging needs. Till year 2015, the company was engaged in the business of trading of flexible packaging material. From 2017, the Company commenced the manufacturing of flexible packaging material. The Company has set up two manufacturing units, of which Plant 1 is situated at C44, Phase II, Gautam Budh Nagar - Noida-201305 with an installed capacity of 540 tones per month and Plant 2 is situated at Plot No. 85 Udhyog Kendra, Noida -201306 with an installed capacity of 540 tones per month. The Company has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019. Its range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. The Company utilises the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that the company is renowned for. Its products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, the company aims to manufacture its products sustainably by aiming towards Reuse, Recycle and Upcycle. One of the key ways it achieves this is by recycling the waste generated in its flexible packaging production process. This waste is processed and transformed into recycled plastic material, which the company does not use in its production process due to low grade quality of recycled plastic material and therefore the company sold recycled plastic material in the market for use in various applications. By doing so, the company not only reduce the amount of waste sent to landfills but also contribute to the circular economy by reintroducing recycled materials into the production chain. The Company stringently maintains the processes and accreditation required to ensure the quality needs of the customers it supplies in the food and beverages. The Company has also installed Automated Machine with Auto Gauge Control with minimum gauge variation specially for Edible Oil Industries. Currently the company is working with Pidilite, Adani Wilmar, JVL and has also started vacuum bags for cashews. The Company is supplying packaging material to Pidilite, Adani Wilmar and JVL as per their usage requirements.

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