Pakka Limited Listing at NSE: (Left to Right) Ms. Neetika Suryawanshi, CFO, Pakka Limited; Mr Ved Krishna , Vice- Chairman, Pakka Limited; Mr Pradeep Dhobale, Chairman, Pakka Limited; Dr. Harish Ahuja Business Head , Power & carbon markets, NSE; Mr. Jagdeep Hira, Managing Director, Pakka Limited; Mr Himanshu Kapoor, Director, Pakka Limited & Mr. Eduardo Estrada, CEO, Pakka Inc. lighting the lamp at the Listing ceremony at NSE.
L-R: – Mr. Sachin Srivastava, Company Secretary, Pakka Limited; Mr. Eduardo Estrada, CEO, Pakka Inc; Mr Ved Krishna , Vice- Chairman, Pakka Limited; Mr Pradeep Dhobale, Chairman, Pakka Limited; Dr. Harish Ahuja Business Head , Power & carbon markets, NSE; Mr. Jagdeep Hira, Managing Director, Pakka Limited; Mr Himanshu Kapoor, Director, Pakka Limited & Ms. Neetika Suryawanshi, CFO, Pakka Limited ringing the bell at the listing ceremony at NSE
L-R: Mr. Jagdeep Hira, Managing Director, Pakka Limited; and Mr. Ved Krishna , Vice- Chairman, Pakka Limited; with Mr. Pradeep Dhobale, Chairman, Pakka Limited; who receives memento from Dr. Harish Ahuja Business Head, Power & Carbon Markets, NSE; during the listing ceremony of the company at NSE.
L-R: Mr. Jagdeep Hira, Managing Director, Pakka Limited; and Mr Pradeep Dhobale, Chairman, Pakka Limited; with Mr Ved Krishna , Vice- Chairman, Pakka Limited who presents memento to Dr. Harish Ahuja Business Head , Power & Carbon Markets, NSE; during the listing ceremony of the company at NSE.
The company is undergoing rapid expansion as it took the wraps off its facility development plans in Guatemala and has also kick-started capacity expansion for its plant in Ayodhya, UP.
NATIONAL, 11th JULY, 2023 (GPN): Yash Pakka Limited, a leading provider of regenerative packaging solutions for food products, has been listed on the National Stock Exchange (NSE) with a new identity of Pakka Limited (pronounced as Packa or पैका). The 42-year-old company envisions simplifying its brand identity and unifying its presence across all regions globally with this renaming. The change reflects the company’s commitment to its mission of transforming food packaging by providing regenerative solutions that contribute to a cleaner planet.
Present at the NSE listing were Mr. Pradeep V. Dhobale (Chairman), Ved Krishna (Vice Chairman), Mr. Jagdeep Hira (Managing Director), Mr. Himanshu Kapoor (Director) and Ms. Neetika Suryawanshi (Chief Financial Officer), along with marquee customers, investors, well-wishers, and team members. The company is targeting revenues of $1 billion (Rs. 8,250 crores) by FY30. The key drivers are to service new geographies with compostable packaging solutions, such as flexible packaging and moulded tableware with better Net Service Revenues (NSR) and with new strategic tie-ups for capacity enhancement driving this growth.
Mr. Ved Krishna, Vice Chairman, Pakka Ltd., said, “Today, we honour the legacy of fierce determination, innovation, and creative problem-solving by a name change— from now, we will be called Pakka. Pakka is a combination of “packaging” and “ka”— which means soul. Packaging with a soul means you get our best effort. While we have distributed globally for 20 years, for the first time we are setting up international production facilities. With this in mind, we need a name that is simple, universal, and relevant. And, of course, the double-K is a subtle nod to my father, KK Jhunjhunwala. As he often modeled: we are led by our convictions. We are grateful to so many of you who have been with us on this ride of building good business by doing good. We will continue to contribute to a cleaner planet. We look forward to creating a deeper impact together.”
Mr. Jagdeep Hira, Managing Director, Pakka, said, “Pakka lists on NSE with a new identity and mission to scale regenerative food packaging. Pakka has developed a compelling go-to-market strategy encompassing value-added products, new geographies; new strategic tie-ups for enhancing manufacturing capacity. We intend to sustainably scale up our business with a new offering of compostable flexible packaging and our existing successful offering of compostable tableware products under the brand name CHUK. Pakka is looking for outsourcing of moulded products to double our capacity and has found partners across India. We shall grow the Ayodhya unit to increase pulp production capacity by 30% and provide more value-added products for flexible packaging. Pakka is also working on global research tie-ups for compostable flexible packaging on several biomaterials.”
Pakka’s upcoming facility in Guatemala is expected to be operational by mid-2025 with a production capacity of 400 tonnes per day. The company plans to invest US$250 million to set up the world’s largest compostable flexible packaging and moulded fibre facility, based on bagasse fiber. Pakka has signed MOUs with Guatemala’s major sugar companies to procure sugarcane, which is the primary raw material used for the company’s products. Pakka is also expanding its capacity in India at its Ayodhya facility under the name Project Jagriti with an investment of ₹550 crores.
Pakka provides regenerative packaging at scale for Quick Service Restaurants (QSRs), food carry and food services across the world. The company has been developing compostable packaging solutions as alternatives for single use plastic. CHUK is aiming to become the preferred sustainability partner when it comes to food service packaging for large institutions. Large food service operators like Haldiram’s, Zomato’s Hyperpure, Wow Momos, Chai Point, A2B and Devyani International, are prominent brands that use CHUK products.
Pakka Ltd. posted the highest annual revenue of Rs. 419.9 crore in FY23 with the highest FY profit of Rs. 72.3 crore (EBIDTA of 23%) in FY23. It posted the highest exports of 27% of the total volume production as moulded tableware production was up by 24% — almost 50% of its installed capacity as of now.Ends
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