The first action taken by the Indian plastic industry was the manufacturing of polystyrene in 1957. In the sixty or so years since that humble beginning, the industry has advanced significantly. The industry employs approximately 4 million people thanks to its more than 30,000 processing facilities (almost 90% of which are small and medium-sized businesses) and more than 2,000 exporters. In this article, we will learn more about the top 10 plastic companies in India.
Supreme
One of the best and biggest plastic companies in India is Supreme, which was founded in 1942. The company is India’s largest plastic processor, handling more than 300,000 tonnes of polymers annually. Moulded furniture, storage and material handling solutions, XF Films & Items, and performance films are only a few of the products that are handled by the company’s seven business divisions.
Market Cap (Rs Cr.): 20,930
Book Value (Rs): 167.88
Face Value (RS): 2.00
Jain Irrigation Systems
Across four continents and more than 30 countries, Jain Irrigation Systems is a multi-discipline MNC and one of the best plastic companies in India. A global network of 11,000+ dealers enables the company to export its goods to more than 120 countries. The largest manufacturer of plastic pipes in India is Jain Irrigation Systems, which is also the second-largest micro-irrigation company in the world. It produces 500,000 MT or more of polymers annually.
Market Cap (Rs Cr.): 935.64
Book Value (Rs): 84.87
Face Value (RS): 2.00
Astral Poly Technik
With 11 manufacturing facilities in 4 nations, Astral Poly Technik was founded in 1996. The company continually strives to produce cutting-edge, highly effective solutions for its clients. Modern manufacturing technology is present in the facilities. The business produces industrial pipes, agricultural pipes, fire sprinkler pipes, sewerage drainage pipes, and pipes for other uses.
Market Cap (Rs Cr.): 22,082.28
Book Value (Rs): 88.22
Face Value (RS): 1.00
VIP Industries
Since its founding in 1971, VIP Industries has sold more than 100 million pieces of baggage and established itself as a leading player in the industry. The business supports an innovative, young, and meritocratic culture. Alfa, Aristocrat, Carlton, Skybags, and Caprese are some of the company’s well-known brands. VIP Industries is one of the top plastic companies in India today.
Market Cap (Rs Cr.): 5,073.29
Book Value (Rs): 38.71
Nilkamal
Thanks to its extensive selection of durable and reasonably priced plastic furniture, Nilkamal is now a household name throughout India. It is the biggest manufacturer of furniture made of moulded plastic in the world. Values including a focus on quality, diligence, creativity, and sensitivity to customer needs form the basis of Nilkamal’s operations. Beyond the boundaries of India, Nilkamal has spread to more than 30 nations. It has more than 8 facilities and 20,000 dealers spread all across India.
Market Cap (Rs Cr.): 2,177.42
Book Value (Rs): 639.03
Face Value (RS): 10.00
WimPlast
In 1967, a tiny business was launched that today stands as one of the biggest plastic companies in India. In the last 53 years, WimPlast has become a major participant in a variety of industries, including household cleaning goods, kitchen appliances, moulded furniture, and plastic, steel, and glass houseware. It is also one of the top exporters of household goods. WimPlast is steadily emerging as India’s preferred household brand thanks to a foundation of honesty, education, and ongoing innovation.
Market Cap (Rs Cr.): 481.33
Book Value (Rs): 292.35
Face Value (RS): 10.00
MayurUniquoters
MayurUniquoters, which started in 1994, is now India’s biggest producer of faux leather. Every month, the business produces more than 3.05 million linear metres using the “Release Paper Transfer Coating Technology.” Its capacity has nearly doubled at the new PU coating plant. The business has top-notch infrastructure that is ISO 9001:2015 certified. PVC Vinyl and PU synthetic leather are produced by Mayur for use in the furniture, footwear, and automotive industries.
Market Cap (Rs Cr.): 1,317.45
Book Value (Rs): 129.54
Face Value (RS): 5.00
Plastiblends India Ltd
Plastiblends India Ltd is one of the most diverse plastic companies in India. High-quality Color & Additive Master Batches and Thermoplastic Compounds are among the products they create and export the most in the nation. This is a crucial component of the plastic production sector. A total of 110,000 MT can be produced annually at its three plants. The company has obtained certification for ISO 9001:2015, OHSAS 18001:2007, and ISO 14001:2015, reiterating its commitment to high-quality processes and goods. It is present in 40 nations around the world.
Market Cap (Rs Cr.): 669.22
Book Value (Rs): 108.08
Face Value (RS): 5.00
Kalpana Industries
In 1977, when the PVC industry was still in its infancy, Kalpana Industries opened for business. For the cable & shoe industries, it established itself as a premier producer of suppliers of PVC compounds. Along with producing additive masterbatches for the domestic and international markets, the company also produces XLPE based on silane and peroxide, NBR/PVC, zero halogen FRLS, anti-fibrillation, automotive, semi-conductive, and EVA foam compounds.
Market Cap (Rs Cr.): 191.44
Book Value (Rs): 36.81
Face Value (RS): 2.00
Mold-Tek Packaging Ltd
One of the biggest plastic companies in India founded in 1986, Mold-Tek Packaging Ltd. is a market leader. In the nation, it is at the forefront of rigid plastic packaging. The ISO 9001:2008-certified business produces injection-moulded containers for lubricants, paints, foods, and other products at its 7 processing facilities. It has an installed capacity of nearly 20,000 TPA for annual production. The company mainly manufactures food containers, lubricant packs, dispensing pumps, and bulk and paint packaging items.
Market Cap (Rs Cr.): 810.09
Book Value (Rs): 71.66
Face Value (RS): 5.00
