About GSM Foils Limited 

GSM Foils Limited is a pharmaceutical packaging materials manufacturer founded in 2019, recognised for integrity, quality commitment and client-focused operations. The company specialises in aluminium-based packaging foils for the pharma industry, notably Blister Foils and Aluminium Strip Pharma Foils, with offerings in the 0.020 to 0.040 micron range that emphasise abrasion resistance, tensile strength and reliable sealing performance. Its multi-level manufacturing facility spans 15,000 square feet in Vasai (East), Palghar, Maharashtra, designed for precision, efficiency and high-speed production supported by advanced testing protocols. The registered office is at Gala No. 06/106/206/306, Sapphire Industrial Premises, Diamond Industrial Estate, Waliv, Vasai (East), Palghar, Maharashtra, India.

GSM Foils’ product portfolio includes:

• Blister foils (primarily 20 and 25-micron) with nitrocellulose coating and vinyl solution on bare aluminium, used for push-through, peel-open, peel-push and tear-open pack formats that protect tablets from moisture, oxygen and light.
• Aluminium strip pharma foils (30 and 40-micron aluminium with 150 GSM LDPE), offering high barrier protection for light- and moisture-sensitive medications.

GSM Foils Limited Milestone

Key milestones include the company’s formation as GSM Foils LLP in 2019; achieving about 80% capacity utilisation during the peak COVID period; conversion to a public limited company and relocation to a 15,000-square-foot premises for expansion; machinery upgrades in 2022 to boost heating capacity and speed; installation of a new high-speed VMCH coating machine in 2023; and listing on the NSE EMERGE platform in 2024.

GSM Foils’ Geographic Presence

Geographies covered: Operations are based in Maharashtra, India, with plans to extend market presence by entering new regions across India. The company has also outlined forward integration by opening depots in Gujarat and Bangalore.

GSM Foils Limited Key Management

• Sagar Girish Bhanushali – Chairman and CFO.
• Mohansingh L Parmar – Managing Director.

Latest Updates on GSM Foils Limited 

• In 2024, the company was listed on the NSE EMERGE platform, marking a significant capital markets milestone. 
• Manufacturing capabilities were enhanced in recent years through advanced spares and tools to increase heating capacity and machine speed, and the installation of a new high-speed VMCH coating machine to improve production and efficiency. The facility underscores quality assurance via ISO 9001:2015-aligned processes, with certifications and declarations covering ISO, cGMP, Food Grade, TSE/BSE and BIS, along with a robust testing regime (bursting, peeling, sealing, bond strength, pinhole count, viscosity and grammage) to ensure product integrity.
• Strategically, GSM Foils’ “Vision Ahead” includes exploring acquisitions or mergers, considering acquisition of an LDPE plant, pursuing backward integration by entering the rolling mill business, and forward integration through depots in Gujarat and Bangalore. 
• The company also plans a culinary (food) foil line and continued investments in advanced machinery and technologies to bolster product quality and efficiency across India.