Finsys at IndiaCorr Expo 2017

Serving more than 250 companies

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Finsys
L–R: Puneet Gupta of Finsys Infotech, Mahavir Bafna, director of Panoply Packaging, Chennai and Sangeet K Gupta at the India Corr Expo 2017 stall of Finsys.Photo PSA

Established in the year 1992, Finsys Infotech is a renowned ERP solution provider for mobile phones and iPads. The company currently serves more than 250 clients and has presence in over 525 factories in India, Africa, United Arab Emirates and United States of America.

The fact that Finsys is cementing its foothold in the country is clear from the addition of 31 plants in the past one year alone. The company is currently working towards offering innovative software solutions for Android, iOS and barcode usage. It is also offering solutions for GST to a number of companies. One of the most gratifying experiences for Finsys was to serve Webtel Electrosoft for their GSTIN portal connection.

At the recently concluded IndiaCorr Expo, Finsys received a satisfactory footfall. For Finsys, the event is a significant one as it serves as the right platform for meeting, interacting and maintaining relationships with existing customers, showcasing customized solutions to potential clients and gauging the competition level in the market.

The company has evolved over the years, thanks to the guidance and innovation from its core management team from over 500 factories in India. The consulting team is backed by experienced chartered accountants who help in getting the right solutions faster.

With so much happening to help push the company on the growth ladder, we checked if the recently implemented tax structure and demonetization left any impact on their business. Sangeet Gupta, director of Finsys Infotech shared, “Both GST and demonetization have been a double-edged sword. This has unsettled the unorganized sector a bit. They might be forced out of the organized sector whether in FMCG, automotive, chemicals or any other business. This has opened a wide range of opportunities for players from the organized sector.”

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

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