- Business
- Sati Poly Plast Ltd. (SATIPOLY.NS) manufactures multifunctional flexible packaging materials for diverse industries, including food and beverage, pharmaceuticals, cosmetics, and logistics. Incorporated in July 1999 and headquartered in Noida, Uttar Pradesh, India, with a registered office in Bhagalpur, Bihar, the company operates two manufacturing facilities in Noida boasting a combined installed capacity of 1,080 tonnes per month. It provides end-to-end flexible packaging solutions in roll form, pouch form, and coextruded films; utilizes materials such as polyethylene terephthalate (PET), biaxially-oriented polypropylene (BOPP), polythene, cast polypropylene (CPP), foil, paper, and biodegradable films; and offers customized packaging for salty snacks, snack bars, dry fruits, confectionery, dry foods, edible oils, detergents, and vacuum bags for cashews, serving clients including Pidilite, Adani Wilmar, and JVL. The company targets the flexible packaging segment within the materials industry, primarily in India.
In July 2024, Sati Poly Plast completed its initial public offering (IPO) on the NSE Emerge platform, issuing fresh equity shares of up to 1,335,000 to raise funds for expansion and operations. It allotted 379,000 shares to anchor investors at Rs 130 per share ahead of the IPO, which opened on July 12 and closed on July 16, 2024. In September 2025, shareholders approved a shift of the registered office to Delhi during the 26th Annual General Meeting (AGM) held on September 30, alongside reporting FY2025 revenues of Rs 301.86 crore; the AGM also noted an auditor disclaimer related to a fire incident on February 15, 2025. The company has expanded production capacity from 250 tonnes per month to over 1,000 tonnes through investments in advanced equipment, including an automated machine with auto gauge control for edible oil packaging, and continues to reduce debt while improving working capital efficiency. Operations remain focused on India with no reported international expansion or major acquisitions as of late 2025.