About Kanpur Plastipack Limited (KPL)

Kanpur Plastipack Limited (KPL) is a Kanpur-headquartered manufacturer and exporter of industrial bulk packaging solutions with 50+ years of experience, four manufacturing units, and a workforce of 1,300+ employees.

The Company serves customers in 60+ countries through a fully integrated set-up that spans polymer extrusion to yarn, fabric, and final conversion into bags and value-added solutions.

Established as a public limited company on July 26, 1971, KPL is listed on BSE and NSE and holds three-star export house status. It also operates as a Consignment Stockiest for Indian Oil Corporation Ltd.

Product Portfolio

KPL’s portfolio includes:

• Flexible Intermediate Bulk Containers (FIBCs or Jumbo Bags)
• PP woven fabrics
• PP multifilament yarn
• Small bags, liners, and UV masterbatches

These products cater to agriculture, food, chemicals, minerals, construction, and other sectors. The Company’s exports are supported by global food-grade and safety certifications, enabling access to high-compliance markets worldwide.

Legacy of Firsts

KPL’s journey reflects a “legacy of firsts” in India’s packaging industry:

• First in North India to produce HDPE woven sacks (early 1970s).
• First in India to import best-in-class equipment (early 1980s).
• First to export PP woven sacks to Europe (late 1980s).
• Among the first to manufacture FIBCs in India (early 2000s).
• First in Uttar Pradesh to install roof-top solar power (early 2014).
• First in the bulk packaging industry to complete 50 years in 2021.
• Among the first FIBC companies globally to secure A+ grade under BRCGS for Packaging Materials.

Global Footprint and Subsidiaries

KPL supplies to more than 60 countries, with notable presence in Germany, Brazil, and Japan (a new market addition in FY 2024–25).

As on March 31, 2025, the Company had two subsidiary companies. During the year, its Brazilian subsidiary was closed as part of a strategic realignment.

Business Segments

Product Mix (FY 2024–25; % of Total Revenue):

• FIBC – 44.02%
• Fabric/Liner – 24.46%
• Multifilament Yarn – 8.28%
• Small Bags – 1.55%
• CPP – 10.38%
• Others – 11.31%

Revenue by Geography:

• Exports: Over 75% of total revenues (reflecting KPL’s export-led model).
• Domestic: Remaining 25%.

Key Management

• Manoj Agarwal – Chairman cum Managing Director
• Shashank Agarwal – Deputy Managing Director
• Sunil Mehta – Executive Director
• Shobhit Agarwal – Chief Financial Officer
• Ankur Srivastava – Company Secretary

Latest Updates on Kanpur Plastipack Limited

• Strategic realignment: KPL exited the CPP films division to sharpen focus on core packaging and technical textiles. The divestment freed up capital and management bandwidth, strengthening long-term profitability and resilience.
• Capacity and site repurposing: The vacated CPP land and building are being repurposed to expand the core business. The Raffia division is being scaled up to enhance productivity and improve operating leverage and margins.
• Export expansion: KPL entered Japan, one of the world’s largest FIBC import markets, and reactivated orders in Brazil while sustaining reach across 60+ countries. Approximately 80% of export business comes from repeat buyers, highlighting customer loyalty.
• Credit ratings: CRISIL upgraded KPL’s long-term rating to BBB+ (Stable). The Company also holds ratings of ACUITE BBB/Stable (long term) and ACUITE A2 (short term).
• Share capital changes: On December 24, 2024, 10,08,000 warrants were converted into equity shares, followed by conversion of 7,52,000 warrants on May 2, 2025. The Company is also in the process of issuing 10,12,000 new warrants on a preferential basis.
• Subsidiary changes: The foreign subsidiary in Brazil was wound up with effect from September 2, 2024. As of March 31, 2025, KPL had two subsidiary companies.