AG Poly Packs records Rs 201 crore in FY 2022-23

AG Poly Packs continues to grow as it launches a new reseller model, focused production facilities and product lines for plastic barrier laminated tubes (PBL). The firm is projecting revenue of Rs 250 crore by the end of fiscal 2024.

11 May 2023 | By Abhay Avadhani

The firm is growing in segments such as personal care, pharma, and home care contributing to its FY 2022-23 revenue

AG Poly Packs, one of the leading B2B packaging solutions providers continues its industry leading growth story. In FY 2022-23, the firm achieved significant growth year over year and delivered revenue of Rs 201 crore. This growth is primarily driven by new manufacturing capabilities and product development of speciality dispensing solutions. 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, the company has experienced growth led by its manufacturing expansion and laser focus on R&D and innovation. Under 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
moulds for commercial production.
 
The growth in FY 2022-23 is both, in terms of revenue, and the customer base which now stands at 4,800 plus. To meet the growing demand and achieve scalability, the firm has boarded new talent with total employees now exceeding 650.
 
Commenting on the business performance, Neeraj Maheshwari, promoter and co-founder, 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 has significantly stepped up, despite high input cost and dynamic market trends.”
 
AG Poly Packs has continued 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 contributing to its FY 2022-23 revenue.

AG Poly Packs is positioned to innovate, design, develop and manufacture packaging solutions to a wide range of industry players including several corporate heavy weights.
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.

Latest Poll

The packaging industry is confused by recycling and sustainability rules in India. What is the biggest challenge?

Results

The packaging industry is confused by recycling and sustainability rules in India. What is the biggest challenge?

Shortcomings in EPR policy

 

22.22%

Inadequate infrastructure

 

11.11%

Shortage of recycling firms

 

16.67%

Lack of consumer awareness

 

50.0%

Total Votes : 18

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