Today, MJ Group boasts of a zero-debt printing and packaging business, which suggests stringent and efficient fiscal control. For a manufacturing company worth nearly Rs. 50 crore, sustaining a zero-debt balance sheet has not been easy, considering especially the last three years—a period when the organization almost doubled its revenues. The company wholly owns three facilities—two in Noida and one in Baddi, Himachal Pradesh—and has strategic joint venture in three other packaging facilities in Noida and one in Baddi. Bhatnagar feels that these strategic partnerships provide him additional capacity, necessary for servicing more orders. He is now looking at collaborations with overseas partners to bring in advanced technology and help MJ Group scale up capacity. The company currently rolls out over 800 tons of paper packaging and other products every month and Bhatnagar feels it is about time they broke out into a different league with much higher production. He points out that there needs to be better incentives for overseas companies to invest in the Indian packaging sector.
Currently, MJ Group’s product portfolio includes multi-colour Duplex board packaging, labels, corrugated packaging, tags, stickers, POP material as well as annual reports. The company has a strong customer base, which include Yum food’s KFC, Pizza Hut and Taco Bell in North India. Other major names include RJ Corp, Dominos, Costa Coffee, Café Coffee Day, Dabur, Creambell Ice Cream, Hawkins, India Glycols, Jagajit Industries, LNJ Bhilwara Group, etc.