- Business
- GSM Foils Ltd. (NSE: GSMFOILS) manufactures pharmaceutical packaging materials, specializing in blister foils and aluminum pharma foils; its product portfolio includes blister foils in 20-40 micron thicknesses with nitrocellulose and vinyl coatings for tear-open, peel-push, peel-open, and push-through packaging, aluminum strip pharma foils in 30-40 micron gauges with 150 GSM LDPE lamination for light- and moisture-sensitive drugs, printed aluminum pharma foils, and slitted blister foil reels, all noted for abrasion resistance, high tensile strength, bond strength, sealing strength, and durability. The company operates an ISO 9001:2015-certified manufacturing facility equipped with advanced machinery such as VMCH coating machines, poly lamination units, drum slitting machines, printing machines, foil washing systems, and in-house quality testing labs featuring bursting strength testers, peeling strength testers, sealing strength testers, bond strength testers, GSM calculators, viscosity cups, and pinhole detection boxes. Founded in 2019 and headquartered at Gala No. 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East, Palghar, Maharashtra, India, GSM Foils serves pharmaceutical clients across India with a focus on the healthcare supplies segment. In a major milestone, the company converted from GSM Foils LLP to a public limited entity in 2023 (CIN: U43303MH2023PLC405459) and listed on the NSE Emerge SME platform in May 2024 following its IPO, enabling expanded operations in a 15,000 sq. ft. multi-level facility; it reported revenue from operations of Rs. 5,175 lakhs in FY24 (up from Rs. 6,589 lakhs in FY23, adjusted for pre-listing structure), profit of Rs. 188 lakhs, and plans backward integration into rolling mills, forward integration via distribution depots in Gujarat and Bangalore, potential acquisitions including LDPE plants, geographic expansion, food foil development, and targeting Tier-1 pharma clients. Promoter holding stands at 66.5%, with key management including Chairman and CFO Sagar Girish Bhanushali and Managing Director Mohansingh Laxmansingh Parmar.