AG Poly Packs is on a growth spree
AG Poly Packs achieved significant growth year-on-year and delivered an impressive topline revenue of Rs 201-crore in FY 22-23. This growth is primarily driven by new manufacturing capabilities and product development of dispensing solutions.
11 May 2023 | By Rahul Kumar
In this fiscal, the firm is on target to manufacture over 50 million pumps for clients spread across the world
In this fiscal, the firm is on target to manufacture over 50 million pumps for clients spread across the world.
With 25 years of legacy and a forward-looking thought process, the company has experienced remarkable growth led by its manufacturing expansion and laser focus on R&D and innovation.
In the leadership of founder and promoter, Gaurav Daga, AG Poly Packs has set up an in-house R&D and innovation centre for rapid prototyping and piloting capabilities and in-house manufacturing of world-class moulds for commercial production.
This steadfast growth in FY 22-23 is both, in terms of revenue, and the customer base which now stands tall at more than 4,800. To meet the growing demand and achieve scalability, the firm has onboarded new talent with total employees now exceeding 650.
Neeraj Maheshwari, promoter and co-founder of AG Poly Packs, said, “Our strategic priorities have led us to the continued growth momentum. We have switched to transformative operating models for efficient workflows. As a result, our operating margin and top line have significantly stepped up, despite high input cost and dynamic market trends.”
AG Poly Packs continues to lead market presence across sectors. The growth in 2023 is led by industries spread across the FMCG sector. The firm is also growing rapidly in segments such as personal care, pharma, and home care materially contributing to its FY 22-23 revenue.
AG Poly Packs is uniquely positioned to innovate, design, develop and manufacture world-class packaging solutions for a wide range of industry players, including corporate heavyweights. The firm has established well-defined systems and processes for end-to-end packaging solutions under one roof such as automatic labelling, hot foil stamping, screen and pad printing and shrink wrapping.
AG Poly Packs is also undertaking several strategic initiatives to lead the decarbonisation and drive sustainability in plastics manufacturing. These initiatives span a broad spectrum of engagements within the firm and across its value chain to reduce emissions intensity and drive circularity in plastics production and consumption.
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