Manjushree Technopack Limited

Manjushree Technopack Limited, based in India, excels in manufacturing innovative packaging solutions for diverse industries, enhancing product safety and shelf life through state-of-the-art technology. Established in 1978 and headquartered in Bangalore, India, Manjushree Technopack Limited (MTL) specializes in packaging solutions across various sectors. In November 2024, a consortium comprised of Ashoka India Equity Investment Trust, PAG, Nuvama Group and InCred Alternative Investments agreed to acquire a 97% majority stake in Manjushree Technopack Limited from Advent International for USD 999. 54 million.

The deal was completed in March 2025. The company was founded to address the growing demand for advanced packaging solutions and has since expanded its offerings. Manjushree Technopack Limited (MTL) specializes in manufacturing a wide array of packaging solutions for industries such as food and beverages, pharmaceuticals, liquor, agrochemicals, and personal care. Their product lineup includes multi-layer bottles, hot fill and retort-ready preforms, and customized injection molding solutions, all designed to optimize product protection and usability while extending shelf life.

MTL services a diverse clientele, including major brands in the food and beverage sector and extends its market reach to Southeast Asia, the Middle East, and select regions in Europe. In the most recent financial year 2024, Manjushree Technopack Limited reported a revenue of USD 255. 73 mn and an EBITDA of USD 47. 58 mn.

The company's revenue is generated through a robust B2B model, primarily involving bulk transactions with clients across various sectors, who place significant orders based on their packaging needs, ensuring stable pricing and delivery through long-term agreements. Moving forward, Manjushree Technopack Limited plans to enhance its packaging capabilities significantly. The recent acquisition by PAG is expected to facilitate the development and launch of new product offerings, although specific products and timelines have not been disclosed. Additionally, the company is targeting expansion into new geographical markets, aligning with its commitment to meet growing international demand.

The recent funding will be strategically utilized to support these initiatives, ensuring continued innovation and operational excellence.