Yash Pakka Limited, now Pakka Limited, has made its debut on the National Stock Exchange with a new identity. The company aims to transform food packaging with regenerative solutions and targets $1 billion in revenue by FY30.

Pakka Limited: Pioneering Change in Regenerative Packaging Solutions

The recent listing of Pakka Limited on the National Stock Exchange marks a significant milestone for the company and the packaging industry as a whole. Formerly known as Yash Pakka Limited, the company’s rebranding reflects its commitment to transforming food packaging through regenerative solutions that contribute to a cleaner planet.

Pakka Limited’s vision of simplifying its brand identity and unifying its presence globally is a powerful step towards reinforcing its position as a leading provider of Regenerative Packaging Solutions for food products. By focusing on compostable packaging, such as flexible packaging and molded tableware, Pakka is dedicated to tackling the issue of single-use plastic and offering sustainable alternatives.

The strategic decision to list on the NSE showcases Pakka’s determination to expand its reach and attract investors, customers, and partners who share their mission. With a target to achieve revenues of $1 billion by FY30, the company’s ambitious growth plans are fueled by the introduction of compostable packaging solutions to new geographies and strategic tie-ups for enhanced manufacturing capacity.

The name Pakka, derived from the combination of “packaging” and “ka” meaning soul, embodies the company’s passion and commitment to delivering packaging solutions with utmost dedication. It pays homage to the legacy of the company’s founder, KK Jhunjhunwala, who exemplified the principles of conviction and innovation.

Pakka’s future prospects are promising, with plans to establish international production facilities and increase their pulp production capacity by 30% through the Ayodhya unit. Furthermore, the upcoming facility in Guatemala, set to be the world’s largest compostable flexible packaging and molded fiber facility, emphasizes Pakka’s commitment to expanding its global footprint.

In addition to their technological advancements, Pakka has fostered strong relationships with marquee customers, including Haldiram’s, Zomato’s Hyperpure, Wow Momos, Chai Point, A2B, and Devyani International. These collaborations not only demonstrate the increasing demand for sustainable food packaging but also highlight the level of trust and confidence that customers have in Pakka’s product offerings, particularly its brand CHUK.

The financial success of Pakka Limited is evident in its highest annual revenue and profit figures in FY23. With an EBIDTA of 23% and exports accounting for 27% of total volume production, the company’s performance underscores its ability to deliver regenerative packaging solutions at scale.

Pakka Limited’s listing on the NSE and its commitment to regenerative packaging solutions exemplify the positive impact businesses can have on environmental sustainability. By revolutionizing the packaging industry and offering viable alternatives to single-use plastic, Pakka is setting a precedent for other companies to follow. This step forward not only benefits the company itself but also contributes to a cleaner and greener future for generations to come.

Pakka Limited Makes its Debut on the National Stock Exchange with a New Identity, Marking a New Era for Regenerative Packaging Solutions

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.