What we do Banganga Paper Industries Ltd, established in 1984, operates primarily in paper manufacturing, transitioning from steel trading to becoming a holding company of Banganga Paper Mills Limited. |
Founded in 1,984 |
Market share Emerging player in paper industry with recent revenue growth and majority stake in Banganga Paper Mills. |
Problem solved Provides quality paper products to meet growing demand in publishing, packaging, and industrial applications. |
Top clients or who we serve Supplies paper products to industrial clients and businesses in packaging and related sectors. Primarily B2B. |
Key management Karbhari Pandurang Dhatrak, Managing Director; Chetan Karbhari Dhatrak, Whole-time Director; Santosh Baburao Ugale, CFO. |
Our journey and innovations Started in trading iron and steel, shifted focus to paper products, acquiring controlling stake in Banganga Paper Mills in 2024. |
Where we operate Primarily India with a focus on regional markets around Nashik and Maharashtra. |
Top products or what we offer Offers various paper products via Banganga Paper Mills subsidiary, focusing on quality and market growth. |
Top brands - |
Raw materials needed Pulp, wood, recycled paper, and chemical additives for paper production. |
Raw materials supplier Local and regional suppliers of pulp and recycled raw materials. |
Recurring vs cyclical contribution Revenue highly dependent on paper demand cycles; mix of recurring orders and cyclic business segments. |
Our industry position Growing presence in paper manufacturing; expanding financial base after acquisition of Banganga Paper Mills. |
Financial highlights FY 2024-25 revenue Rs. 58.1 Crores with net profit Rs. 1.88 Crores after previous year loss. |
Geographical revenue split Revenue primarily from India; no significant export revenues reported. |
Order book - |
Whats driving growth Acquisition of paper mill, market demand for paper products, and strategic leadership changes. |
Our future plans Stabilize and expand paper mill operations, increase production capacity, and improve profitability. |
Our green promise - |
Our people and values Focus on governance, compliance, and workplace safety; zero tolerance for harassment. |
Key challenges ahead Operational ramp-up post-acquisition, market competition, and raw material cost fluctuations. |
Interesting facts Company rebranded from steel to paper industry and recently acquired majority stake in related paper manufacturing entity. |
Risks and strategy Managing integration risks post-acquisition, regulatory compliance, and market volatility with risk management policies. |
