The ranking identified the fastest growing companies among all Indian industries using specific criteria; companies had to have generated minimum revenue numbers over a three-year period to register and apply, be independent entities, and have primarily demonstrated organic growth.
MTL was one among other many leading companies like Paytm, Zomato and Razorpay. The ranking is an acknowledgement for the contributions of companies paving the way for others to excel in a challenging economic environment.
Vimal Kedia, chairman & MD of Manjushree Technopack reacted to the award win when he said, "As the leading rigid plastics packaging manufacturer, we are proud of our packaging solutions as it showcases our core values of integrity, customer centricity, innovation and environmental sustainability. Being one India’s Growth Champion is a testament of our continuous advancement in packaging innovations."
Manjushree Technopack has recently purchased a majority share in Amritsar-headquartered firm, National Plastics; and in 2016 Manjushree had purchased the Delhi-headquartered packaging company, Varahi Polymers.