Mold-Tek Packaging Limited (MTPL), leader in rigid plastic packaging was incorporated in the year 1986 by two qualified technocrats Mr. J Laxman Rao and Mr. A Subrahmanyam. The company was into manufacture of rigid plastics containers and later in 2001, diversified and started the KPO division.
The KPO (Mold-Tek Technologies Ltd) is in the business of providing structural engineering services – viz. designing & detailing for reputed clients across the globe. It is also a provider of Mechanical engineering services such as Product designing, Poles and Towers designing, Process Engineering and BIW tooling. It has recently forayed into IT services such as Cloud infrastructure, Salesforce, ERP and Mobile Integration.
The packaging division has been demerged and formed as a separate entity and listed in BSE
MOLD-TEK PACKAGING LIMITED
Mold-Tek Packaging Limited is the leader in manufacturing injection molded rigid plastic packaging containers. (BSE Code: 533080). During the last three decades, Mold-Tek has been the leader, innovator and torch bearer in introducing many world class packaging products in India such as high quality airtight and pilfer-proof pails for the Paint, Lubricant, Food, Pharmacy and Cosmetic industries.
Over the years, MTPL has grown by continuously adding new clients – both in the same industry and across new industries. In addition to growth, this ensures sufficient diversification and manages risk levels at high growth rate to the shareholders. High retention of the existing clients especially in the paint and lubricant industry is noteworthy.
The company has seven manufacturing units and three stock points across India to cater to rising demand. All the plants are ISO certified and are equipped with the best Machines, Molds and Decoration Equipment to offer high quality pails to all its clients.
Mold-Tek is the first company in India to introduce “In-Mold Labeling (IML)” concept for decorating plastic containers using ROBOTS. IML enables photographic quality decoration with complete hygienic and hands free production of containers suitable for food and FMCG products. WE ARE THE ONLY COMPANY IN INDIA TO HAVE COMPLETELY INTEGRATED FACILITIES RANGING FROM LABEL MAKING, MOLD ADAPTATIONS TO MAKING IN-HOUSE ROBOTS. In recognition of this technical excellence, Mold-Tek received “Tech savvy” and “Best SME” awards from ICICI- CNBC TV 18 and Crisil for the year 2013.
As the trend is to follow new, hygienic and world class decorated containers to build brand image for the products, IML decorated thin wall containers are going to rule the rigid packaging in coming years especially in Food and FMCG. The purchasing power and the disposable income in the Indian economy had grown rapidly in the last few years. Changing lifestyle patterns has shifted consumer preference towards branded, well packaged and presented products including packaged/ready-to-eat food products. In this sense, packaging plays a crucial role in the marketability of a product. Mold-Tek sees a huge opportunity for the packaging business, especially rigid packaging, in Food, Paint and FMCG space.
The scope and opportunity in the food segment is huge. Products that can be packed in IML decorated containers are Ice creams, Jams, Milk and nutrition powders, Yoghurt, Butter, cheese, Noodles, apart from cosmetics, paints and lubricants.
Announcing the unaudited results, on February 12, 2015, Mr. J. Lakshmana Rao, Chairman and managing director, said,
“The steep reduction in crude prices has reduced the RM costs drastically from a high of Rs. 110000 per MT to Rs. 79000 per MT as on date. Company has shown improved performance in the last quarter once again in spite of their impact of stock valuation taken at a net realizable value. Steep reduction in RM costs augur well for the company and enable quicker penetration of our innovative “Square Edible Oil” packs being introduced by the company for the first time in India. Through this innovative product range, Mold-Tek is entering into Rs. < 1000 edible oil packaging segment thereby expanding its arena of operations beyond its traditional paint and lube industry.”
Mold-Tek deputed a team to UAE for initiating the process of setting up a manufacturing plant to cater to the huge demand for IML containers in paint, lube and food segments in the Gulf region.
Our ability to produce In- house Molds, IML labels and even Robots is a formidable entry barrier apart from helping us in reducing costs and remain competitive. Increasing IML product sales is reflecting in rising EBIDTA margins.
The company has won the “Quality Champion Award” from Asian Paints (I) Ltd., for the exemplary quality performance during the period April 2012 to September 2014.
Highlights of Qualified Institution Placement (QIP):
The company has successfully completed its issue of shares through QIP and raised funds worth Rs. 55.01 Crores and allotted 24,98,350 equity shares at a price of Rs. 220.17 (including Rs. 210.17 towards the premium), which has resulted in increase of paid up capital to Rs. 13,84,05,260. SBI mutual funds, DSP Blackrock, Canara Robaco mutual fund and others have participated in the QIP. know more