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Last Login: 14-Jan-2022
Ramesh Dasary
CHRO at Manjushree Technopack , Bengaluru / Bangalorehttps://www.iimjobs.com/r/159037-ramesh-dasary
Manjushree Technopack Limited is a thought leader in today's rigid plastic packaging space. With world-class facilities and technologies, they serve every FMCG industry vertical from dairy to liquor, food products, Agrochemicals, Pharma, Homecare, and Personal Care. The group stands tall with a pan India presence and a large converting capacity of over 175,000 MT of plastics in bottles, containers, and PET preforms. Today, the company boasts an enviable portfolio of over 1000 – custom & stock products, selling to large FMCG multinationals across India and 15 other countries.
Advent International's acquisition of Manjushree Technopack
In late 2018, Manjushree was acquired by Advent International (an American global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America, and Asia.) with an aspiration to become the market leader in this segment by growing the operations exponentially.
Advent International acquired Manjushree Technopack, India's largest rigid plastic packaging solution provider, in a deal worth $ 190 Million (about INR 1400 Crores) in October 2018. As a part of the transaction, Advent purchased all the shares owned by existing investor Kedaara Capital and a portion of the promoters Kedia family's stake in Manjushree Technopack. Advent currently holds about 77% of the company. Its former promoter, the Kedia family, owns 20%, while other smaller parties hold 3%. Manjushree's Founder and Managing Director, Vimal Kedia, and the rest of the company's senior management team remain with the company.
With a strong lineage of growth and sustenance, the company is all set to grow exponentially in the Indian and global markets in the coming years.
Advent International's acquisition of Manjushree Technopack
In late 2018, Manjushree was acquired by Advent International (an American global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America, and Asia.) with an aspiration to become the market leader in this segment by growing the operations exponentially.
Advent International acquired Manjushree Technopack, India's largest rigid plastic packaging solution provider, in a deal worth $ 190 Million (about INR 1400 Crores) in October 2018. As a part of the transaction, Advent purchased all the shares owned by existing investor Kedaara Capital and a portion of the promoters Kedia family's stake in Manjushree Technopack. Advent currently holds about 77% of the company. Its former promoter, the Kedia family, owns 20%, while other smaller parties hold 3%. Manjushree's Founder and Managing Director, Vimal Kedia, and the rest of the company's senior management team remain with the company.
With a strong lineage of growth and sustenance, the company is all set to grow exponentially in the Indian and global markets in the coming years.
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