What we do Haldyn Glass Ltd manufactures glass containers mainly for alcoholic/non-alcoholic beverages, food, personal care, and homecare sectors with a focus on quality and innovation. |
Founded in 1,991 |
Market share A major player in India's glass container industry with a strong domestic and growing international presence. |
Problem solved Provides reliable, cost-efficient, high-quality glass packaging solutions reducing logistics cost through locational advantages. |
Top clients or who we serve B2B focus; serves breweries, pharmaceuticals, cosmetics, food, and personal care companies including reputed domestic and global brands. |
Key management Founder Executive Chairman Mr. Narendra Shetty; Managing Director Mr. Tarun Shetty; CEO Mr. Niraj Tipre; CFO Mr. Jitendra Karamchandani. |
Our journey and innovations Started in 1991; expanded with new plants, ISO 9002 certification, JV for decoration, furnace modernization, and technology upgrades in FY 2024. |
Where we operate Primarily India with exports; presence in the USA via subsidiary and international markets through JV partnership. |
Top products or what we offer Clear glass containers including bottles and specialty glassware for beverage, food, and personal care sectors. |
Top brands No specific brand names; known for quality glass containers used by major breweries and pharma companies in India. |
Raw materials needed Silica sand, soda ash, limestone, and natural gas primarily from local mines and gas fields. |
Raw materials supplier Sourced mainly from mines in Gujarat and Rajasthan and gas from ONGC fields. |
Recurring vs cyclical contribution Revenue is largely recurring from steady demand in packaging industry with some cyclical impacts due to commodity prices. |
Our industry position Strong domestic industry position with steady growth, operational efficiencies, and growing export footprint. |
Financial highlights FY 2024-25 revenue Rs 3893 crore, net profit Rs 188 crore; 23.8% revenue growth with margin pressures from higher finance and depreciation costs. |
Geographical revenue split ~86% revenue from India; ~14% from international markets. |
Order book - |
Whats driving growth Demand from beverage and pharma sectors, infrastructure investments, product diversification, and modernization of manufacturing facilities. |
Our future plans Expand decorative glass bottle capacity, increase furnace efficiency, introduce triple gob machine for higher output. |
Our green promise Green initiatives to reduce environmental impact; promotes electronic communications and sustainable operations. |
Our people and values Great Place to Work certified; emphasis on employee development, diversity, and a resilient workplace culture. |
Key challenges ahead Competitive market with capacity surplus, volatility in raw material, fuel prices, and global geopolitical risks. |
Interesting facts First company among peers to heavily modernize glass furnaces with state-of-the-art inspection and packaging tech. |
Risks and strategy Currency, fuel price volatility mitigated by operational efficiencies and controlled risk management policies. |
