PrintWeek Awards 2023: Yarbal Print-Pack wins SME Company of the Year
This is Yarbal’s first PrintWeek Award, which has the potential for many more in the coming years. This year’s winner grew from a tiny sampling to a nine-figure turnover in a little over a decade after it installed its first five-colour press in 2010.
28 Oct 2023 | By PrintWeek Team
Located in the sugar city Belagavi, Yarbal Print-Pack is in capital form, having installed a CTP, a board-cutting machine, an automatic die-cutter and a Chinese carton machine, increasing the company’s production capacity by 35%.
The company’s gross sales have increased by 55.84%, and the corresponding profit has increased by 35.77%. Expenditure on staff has increased by 50.93% and fixed assets by 44.49%, being the first highest in the category. The overall net worth during this period increased by 7.44%
Established in 1986 as Yarbal Offset Printers, doing commercial printing jobs, Yarbal diversified into packaging in later years, renaming itself as Yarbal Print-Pack. Since then, packaging has been its core business, only sometimes carrying out commercial jobs for a few key customers. It has six manufacturing units in Belagavi. It has two five-colour and one four-colour press and converting machines.
Yarbal specialises in providing paper-based solutions for the ice-cream packaging segment. The company claims to have developed this technology in-house after conducting several trials. The main challenge was to create a cost-effective alternative to plastic packaging which does not smudge once the ice-cream mix is poured into the carton and refrigerated below 18 degrees celsius.
All the while, Yarbal has been increasing sales and profitability, with high expectations for more.