Pakka Limited raises Rs 2.44 billion in funds; to double production capacity

  • Industry News
  • Aug 13,24
The facility in Ayodhya is expected to become functional by 2026.
 Pakka Limited raises Rs 2.44 billion in funds; to double production capacity

Pakka Limited, a leading manufacturer of compostable packaging solutions, has raised funding of Rs 2.44 billion, approved by its board. The company plans to utilise these funds to establish the world's first compostable flexible packaging facility in Ayodhya, India.

In October 2023, Pakka launched its compostable flexible packaging products in partnership with Brawny Bear, a nutrition company. With this fund, the company intends to solidify its position as a leading global brand for compostable flexible packaging. As part of its expansion plans, Pakka's compostable flexible packaging facility, the Jagriti project, is expected to be operational by December 2025. 

Pakka aims to invest part of its funding in research and development to manufacture more products in the compostable flexible packaging category. This investment is expected to double the production capacity of Pakka’s manufacturing plant in Ayodhya. Pakka's current EBITDA is 23%, which it expects to increase to 27-30% following the fund raise and completion of the expansion.”

Jagdeep Hira, India Business Head, Pakka Limited, said, "Sustainability and responsible packaging are the core of Pakka's business strategy. The Jagriti project is an extension of this vision to contribute to a cleaner planet. This new facility will increase Pakka’s production capacity and strengthen our position in the flexible packaging industry. With this increase in the production of flexible packaging, Pakka can increase its distribution in the market. Our increased capacity will allow us to meet the growing demand for flexible packaging solutions across various sectors.” 

Ved Krishna, Group Lead, Pakka said, "Pakka is fundamentally rooted in the single idea of keeping the planet cleaner. Through our innovations in food service and flexible packaging, we are focused on developing compostable solutions that minimize environmental impact. With our compostable flexible packaging facility, we envision setting a new benchmark for sustainable packaging. Our innovation and intent to contribute towards a cleaner planet will go hand in hand as we expand our offerings. This funding will provide us with the much-needed impetus for infrastructural development and research.”

Related Stories

Other Industrial Products
Indian Department of Atomic Energy converts reactors for Green Hydrogen Production

Indian Department of Atomic Energy converts reactors for Green Hydrogen Production

During a presentation at a conference in Oarai, Japan, on April 16, 2007, BARC scientists I V Dulera and R K Sinha (later Chairman of the Atomic Commission) described the IHTR as a 600 MW (thermal) ..

Read more
Electrical & Electronics
Corning Inc invests Rs 10 bn in Tamil Nadu for Apple supplier manufacturing facility

Corning Inc invests Rs 10 bn in Tamil Nadu for Apple supplier manufacturing facility

The new facility will be situated in Pillaipakkam, near Sriperumbudur, on a 25-acre plot, with the option for expansion as needed.

Read more

Related Products

Collar Type Servo Auger Machine

PACKAGING, BARCODING & PRINTING EQUIPMENT

All India Packing Machines offers collar type servo auger machine. Read more

Request a Quote

Shrink Tunnel

PACKAGING, BARCODING & PRINTING EQUIPMENT

Vista Technopack Machines offers a range of online shrink tunnel with L sealers. Read more

Request a Quote

TTO Printer - TTO Ao5

PACKAGING, BARCODING & PRINTING EQUIPMENT

Aztec Fluids & Machinery offers a wide range of TTO printer - TTO AO5.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back