- CEO
- Balkishan Pandurangji Mundada
- Full Time Employees
- 409
- Sector
- Process industries
- Industry
- Containers/Packaging
- Address
- Latur India
- IPO Date
- Dec 31, 2025
- Business
- Bai-Kakaji Polymers Limited is an India-based manufacturer and supplier of rigid and flexible polymer packaging solutions, primarily catering to the food, beverage, fast-moving consumer goods (FMCG), and pharmaceutical industries. The company manufactures and distributes a specialized portfolio of packaging products, including polyethylene terephthalate (PET) preforms engineered in various neck sizes, weights, and finishes for packaged drinking water, carbonated soft drinks, juices, dairy products, and edible oils; high-density polyethylene (HDPE) and polypropylene (PP) plastic caps and closures, featuring Alaska neck closures, CSD 1881 caps for carbonated beverages, and 26/22 short-neck closures; closures for bulk water containers and jars; flexible packaging solutions, including shrink films and adhesive films; and custom polymer injection and compression molding services tailored to client specifications.
The company operates multiple manufacturing units situated across an industrial footprint in the Maharashtra Industrial Development Corporation (MIDC) area in Latur, Maharashtra, utilizing advanced SACMI continuous compression molding machinery alongside Husky and ASB Nissei injection molding platforms. Bai-Kakaji Polymers serves domestic bottling plants, beverage brands, FMCG manufacturers, and industrial packaging distributors across regional and national markets in India.
Founded in 2013 as Harikishan Minerals Private Limited, the company is headquartered in Latur, Maharashtra, India. In recent developments, the company underwent a corporate restructuring and rebranding, formally converting to a public limited company under the name Bai-Kakaji Polymers Limited. In late 2025, the company completed an Initial Public Offering (IPO) on the BSE SME platform (Ticker: BAIKAKAJI), raising approximately INR 105.17 crore through a fresh issue of equity shares. The capital raised was allocated toward expanding manufacturing capacity through the acquisition of advanced molding plant and machinery, setting up a captive solar power project to reduce operating energy costs, prepaying outstanding debt facilities, and funding general corporate expansion initiatives.