What we do Vapi Enterprise Ltd provides lease rental and job work services, previously manufacturing paper products used in packaging and textile yarn marketed under the Viptex brand. |
Founded in 1,974 |
Market share Serves established Indian packaging and paper sectors with longstanding clients including Hindustan Lever and Godrej. |
Problem solved Offers essential materials for packaging industries and reliable lease rental services to diverse businesses. |
Top clients or who we serve B2B clients in packaging, textile, FMCG sectors including Hindustan Lever, Godrej, Garware Nylon and others. |
Key management - |
Our journey and innovations Founded as Vapi Paper Mills, expanded capacity, diversified to yarn processing, later exited manufacturing to focus on services. |
Where we operate Primarily India with manufacturing units historically in Vapi and Silvassa regions. |
Top products or what we offer Lease rental and job work services; previously kraft paper, packaging materials, textile yarn (Viptex brand). |
Top brands Viptex yarn - established textile brand; various paper and packaging products previously manufactured. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Currently revenue mainly from recurring lease and service income, manufacturing operations discontinued. |
Our industry position Niche player in packaging material and related services with legacy presence; transitioned from manufacturing to services. |
Financial highlights FY 2024-25 other income Rs.2.18 crore; profit Rs.1.32 crore; no revenue from operations due to discontinued manufacturing. |
Geographical revenue split - |
Order book - |
Whats driving growth Company exploring new markets, products and partnerships aiming for long term growth via business diversification. |
Our future plans Management plans to invest sale proceeds of land into new ventures and partnerships for sustainable growth. |
Our green promise - |
Our people and values - |
Key challenges ahead Uncertainty in new business ventures and need to identify profitable projects beyond legacy manufacturing. |
Interesting facts Amalgamated Atlas Paper Mills in 1998; shifted focus after discontinuing yarn manufacturing in 2000-01. |
Risks and strategy Discontinued manufacturing; auditor notes outstanding payables and ongoing legal deposit case; management confident on going concern. |
