Manjushree Technopack listed as one of ‘India’s Growth Champions in 2020’ by The Economic Times

The ranking identifies India's fastest-growing companies

MTL’s Bidadi plant

Manjushree Technopack Limited (MTL), one of India’s largest rigid plastics packaging company has been listed as one of ‘India’s Growth Champions in 2020’ by The Economic Times and Germany-based Statista, one of world’s leading providers of market and consumer statistics. The inaugural edition of the report is an ambitious initiative that aims to highlight the accelerators of the Indian economy. The ranking identified the fastest growing companies among all Indian industries using specific criteria; companies had to have generated minimum revenue numbers over a three-year period to register and apply, be independent entities, and have primarily demonstrated organic growth.

MTL was one among other many leading companies like Paytm, Zomato and Razorpay. The ranking is an acknowledgment for the contributions of stellar companies paving the way for others to excel in a challenging economic environment.

On winning the award, Vimal Kedia, chairman, and managing director said, “As the leading rigid plastics packaging manufacturer, we are proud of our packaging solutions as it showcases our core values of integrity, customer centricity, innovation and environmental sustainability. Being one of India’s Growth Champion is a testament to our continuous advancement in packaging innovations.”

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

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