About Jindal Poly Films Limited

Jindal Poly Films Limited (JPFL) was incorporated in 1974 and is part of the Jindal Group, a diversified Indian conglomerate. The Company’s registered office is located in Bulandshahr, Uttar Pradesh, its corporate office in Gurugram, Haryana, and its manufacturing plant at Mundhegaon, Igatpuri Road, Nashik, Maharashtra.

JPFL and its subsidiaries operate across flexible packaging films, nonwoven fabrics, and coated products. On a standalone basis, JPFL manufactures polypropylene-based spunmelt and spunbond nonwoven fabric, catering to hygiene, medical, and industrial applications. The Company supplies to both multinational corporations and private-label customers in India and overseas.

At the Group level, JPFL has two reportable segments — Packaging Films and Nonwoven Fabrics — along with an “Others” segment covering coated products. The Packaging Films division operates through subsidiaries, following the transfer of this business to a subsidiary effective August 02, 2022, aligning the Group’s structure with its operational focus.

Geographical Presence

JPFL has a presence across 15 Indian states and serves customers in 14 countries worldwide. On a standalone basis, exports contribute 18% of turnover, with the remaining 82% derived from domestic sales. The Company’s manufacturing facilities and sales offices are located in India, reflecting a robust domestic foundation complemented by a steadily growing international footprint.

Subsidiaries and Associates

As on March 31, 2025, JPFL had 9 subsidiaries and 2 associate companies.

During FY 2024–25, the Group expanded its international base with the inclusion of European step-down subsidiaries — Rexor SAS, JPF API Laminates UK Limited, and Jindal Nylon Films S.P.A., along with a Netherlands holding entity — which became part of the Group on July 21, 2023, enhancing global integration and investment structure.

Quality and Certifications

JPFL’s manufacturing facilities hold multiple international certifications, including:
ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 13485:2016, OEKO-TEX, EDANA-QAP, SEDEX, EcoVadis, and CyberVadis, demonstrating its strong commitment to quality, safety, sustainability, and compliance with global standards.

Jindal Poly Films Limited Key Milestones

• 1974: Incorporation of Jindal Poly Films Limited.
• August 02, 2022: Transfer of the Packaging Film business to a subsidiary to align structure with operational priorities.
• July 21, 2023: Inclusion of European subsidiaries and a Netherlands holding entity, expanding JPFL’s global presence.

Jindal Poly Films Limited Business Segments

• Packaging Films: Operated through subsidiaries; the Group’s largest revenue contributor.
• Nonwoven Fabrics: Manufactured on a standalone basis for hygiene, medical, and industrial applications.
• Others (Coated Products): Supporting diversification and complementing the core portfolio.

Revenue Mix (Standalone):

• Exports: 18% of turnover
• Domestic: 82% of turnover

Jindal Poly Films Limited Key Management

• Mr. Sanjeev Aggarwal – Chairman & Independent Director
• Mr. Vijender Kumar Singhal – Whole-Time Director & Chief Financial Officer
• Mr. Ashok Yadav – Company Secretary & Compliance Officer
• Ms. Sonal Agarwal – Independent Director
• Mr. Sanjeev Saxena – Non-Executive Director
• Mr. Rathi Binod Pal – Non-Executive Director
• Mr. Prakash Matai – Non-Executive Director

Latest Updates on Jindal Poly Films Limited

• Material subsidiary status: JPFL Films Private Limited (incorporated October 24, 2018; renamed thereafter) continues as a material subsidiary as per audited financials for FY 2024–25.
• Fire incident: On May 21, 2025, a fire occurred at JPFL Films Private Limited’s Nashik plant, resulting in damage to property, plant, equipment, and inventories. Operations were temporarily suspended and later resumed. Accounting adjustments will follow upon completion of the assessment.
• Strategic investment: On April 30, 2025, the Board approved a strategic investment in Enerlite Solar Films India Private Limited, acquiring shares from existing shareholders and making it a subsidiary. Enerlite manufactures solar encapsulation films in Nashik, Maharashtra, expanding JPFL’s product portfolio into the renewable energy materials segment.
• Credit rating: CRISIL reaffirmed JPFL’s long-term rating at CRISIL AA- (Negative) and short-term rating at CRISIL A1+, reflecting sustained financial strength.
• Certifications maintained: The Company retained all major ISO, SEDEX, EcoVadis, and CyberVadis certifications during the year, maintaining global compliance standards.
• Operating structure: The Group continues to operate across Packaging Films, Nonwoven Fabrics, and Coated Products as its core activity clusters. Manufacturing and sales are India-based, with customers across 14 countries.