Sati Poly Plast Ltd IPO

Sati Poly Plast Limited is an ISO Certified Company engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. The Company provides end-to-end solution for various flexible packaging needs. Till year 2015, the company was engaged in the business of trading of flexible packaging material. From 2017, the Company commenced the manufacturing of flexible packaging material. The Company has set up two manufacturing units, of which Plant 1 is situated at C44, Phase II, Gautam Budh Nagar - Noida-201305 with an installed capacity of 540 tones per month and Plant 2 is situated at Plot No. 85 Udhyog Kendra, Noida -201306 with an installed capacity of 540 tones per month. The Company has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019. Its range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. The Company utilises the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that the company is renowned for. Its products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, the company aims to manufacture its products sustainably by aiming towards Reuse, Recycle and Upcycle. One of the key ways it achieves this is by recycling the waste generated in its flexible packaging production process. This waste is processed and transformed into recycled plastic material, which the company does not use in its production process due to low grade quality of recycled plastic material and therefore the company sold recycled plastic material in the market for use in various applications. By doing so, the company not only reduce the amount of waste sent to landfills but also contribute to the circular economy by reintroducing recycled materials into the production chain. The Company stringently maintains the processes and accreditation required to ensure the quality needs of the customers it supplies in the food and beverages. The Company has also installed Automated Machine with Auto Gauge Control with minimum gauge variation specially for Edible Oil Industries. Currently the company is working with Pidilite, Adani Wilmar, JVL and has also started vacuum bags for cashews. The Company is supplying packaging material to Pidilite, Adani Wilmar and JVL as per their usage requirements.