- Business
- Caprihans India Limited Caprihans India Limited manufactures rigid and flexible polyvinyl chloride (PVC) films, polyvinylidene chloride (PVDC)-coated films, aluminum foils, and plastic extruded products including PP corrugated sheets under the Sunpac brand for pharmaceutical, food, FMCG, packaging, advertising, and industrial applications; its product portfolio encompasses specialized brands such as Duplex, Triplex, Ultra Tx, Armour, Aclar, Excel, Venus, Zeon, Zenith, Crispak, and Lamiflex tailored for oral solid dosage pharmaceutical packaging, healthcare solutions like PPE hazmat coveralls, hospital linens, curtains, face shields, and portable beds, as well as alu alu films and other polymer-based packaging materials. Incorporated in 1946 and listed on the Bombay Stock Exchange since 1976, the company, promoted by Bilcare Mauritius Limited, operates manufacturing facilities in Pune, Nashik, and Thane in Maharashtra, India, with its registered office at 1028 Shiroli, Rajgurunagar, Pune, and primary operations serving domestic and export markets including pharmaceutical and food industries across India and internationally. In recent developments, Caprihans India Limited completed the acquisition of the Pharma Packaging Innovations (PPI) unit assets from its holding company Bilcare Limited in March 2023 for a net consideration of Rs. 213 crore, assuming liabilities of Rs. 620 crore through bank borrowings to enable backward integration for base film production and reduce import dependence; additionally, it incorporated a wholly owned subsidiary, Bilcare Research GmbH, in Germany on September 9, 2024, with initial share capital of EUR 25,000 to focus on sales and marketing of PVC-based films and aluminum foils for pharmaceutical packaging.