What we do Gabriel Pet Straps Ltd manufactures eco-friendly polyester straps, providing cost-effective packaging solutions for industries like steel, aluminium, cotton, and construction. |
Founded in 2,020 |
Market share Emerging SME leader in polyester strapping with rising market presence and an oversubscribed IPO indicating strong investor interest. |
Problem solved Offers durable, eco-friendly, and cost-efficient alternative to steel strapping for heavy industrial packaging needs. |
Top clients or who we serve Serves key industrial sectors including steel, aluminium, cotton, bricks, paper, timber, construction, and metal packaging (B2B). |
Key management Jay Pareshbhai Shah (Managing Director & CFO, Five-year term), Vimalbhai Dayabhai Varasada and Vivek Dharmendrabhai Kavathiya (Whole-time Directors). |
Our journey and innovations Founded as LLP in 2020, converted to public limited in 2023, launched IPO in 2024; expanding production capacity and incorporated a subsidiary. |
Where we operate Headquartered in India, primarily servicing domestic industrial clients with plans for capacity expansion. |
Top products or what we offer Polyester (PET) straps used in bulk packaging solutions for heavy materials across diverse industrial verticals. |
Top brands - |
Raw materials needed Polyester granules for manufacturing PET straps. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly cyclical, linked to industrial packaging demand cycles. |
Our industry position New entrant with rapid growth and increasing industrial adoption as a steel strapping alternative. |
Financial highlights FY2023-24 revenue INR 10.7 crore; net profit INR 0.65 crore; IPO raised INR 8.06 crore; positive profit trajectory post-conversion. |
Geographical revenue split Primarily revenue from Indian industrial sectors. |
Order book - |
Whats driving growth Growing demand for eco-friendly packaging and industrial bulk strapping solutions, backed by capacity expansion. |
Our future plans Installing new plant in Rajkot region to increase production capacity and meet growing industrial demand. |
Our green promise Manufactures eco-friendly polyester strapping as alternative to steel, promoting sustainable packaging. |
Our people and values Comprises experienced directors and senior management focusing on compliance, ethics, and growth. |
Key challenges ahead Scaling production and market penetration while maintaining quality and cost competitiveness. |
Interesting facts IPO was oversubscribed over 246 times, reflecting strong market confidence. |
Risks and strategy Market competition and raw material price volatility mitigated through innovation and operational efficiency. |
