And why not? If growth is a criteria, Parksons, which is in business for more than 20 years, is growing strong. Last year, the company forayed into South India by establishing its fifth plant in Sri City, Andhra Pradesh on a 10-acre plot with an initial outlay of Rs 70-crore. This was followed by factory number six in Guwahati.
During the inauguration, Ramesh Kejriwal, chairman, Parksons had said, “At Parksons Packaging, we aspire to become a Rs 5,000-crore company in the next ten years.”
The financial results reaffirm this ambition. In spite of huge investments, the company’s overall net worth during the period increased by 21.45%, highest in the category. According to JK Doshi & Co, our official auditor, Parksons deserves the top honour as the company has registered the increase in sales by 16.68% as compared to last year and has seen a steady rise in the profits by 11.16%.
Today, the company’s six plants have 20 top-end multicolour printing machines, 30 automatic die-cutters, 30 folder-gluers and all other value-added machines. It endorses the company’s focus to expand the geographical reach and to be closer to its customers and serve them at all their sites with consistently high quality.
“Our aspiration is to be the most credible packaging company in India with specialisation in paperboard,” Kejriwal had also affirmed. The promise has been kept.
Parksons Packaging (Mumbai)
ITC Limited - PPD