Warburg Pincus acquired a majority stake in Parksons Packaging
At a ceremony to mark the commissioning of the K&B Rapida 76, Dietmar Heyduck, Koenig & Bauer Sheetfed (2nd from right), honored Ramesh Kejriwal, Parksons Packaging (center). Also present: Aditya Surana from Koenig & Bauer sales partner Indo-Polygraph Machinery (left), Siddharth Kejriwal (2nd from left) and Subhasis Roy (right), both of Parksons Packaging Photo K&B

Reports in the financial press as of 3 February 2021 say that Bain is in talks to buy Parksons Packaging in the region of an estimated Rs 3,000 crore or US$ 415 million. Parksons Packaging is one of the companies that has emerged out of the Kejriwal family printing businesses in the 1990s, with its first plant in Daman near Mumbai. In its rapid growth over the past two decades, led by its founder Ramesh Kejriwal, the company has set up plants in Chakan near Pune, in Pantnagar in North India, in Guwahati in North East India, and Sri City in South India. (According to the financial press, thus far, both Bain Capital and Parksons Packaging have declined to acknowledge that the story is anything more than a rumor.)  One of India’s leading monocarton manufacturers, Parksons Packaging, also produces corrugated cartons and packaging related inserts and outserts. It reported a revenue of Rs 500 crore in the financial year 2019-20. Private equity firm Kedaara Capital purchased a minority stake in the company for Rs. 200…

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Naresh Khanna
Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy. Elected vice-president of the International Packaging Press Organization in May 2023.