- Business
- Oricon Enterprises Limited, founded in 1968 and headquartered in Mumbai, India, operates as a diversified conglomerate with primary activities in packaging, petrochemicals, real estate, and marine logistics. The company manufactures and trades plastic closures, PET preforms, metal closures including crowns and roll-on pilfer proof (ROPP) closures, liquid colorants, alkyd resins, epoxy resins, and related petrochemical products; it also engages in real estate development and leasing, marine cargo handling services such as stevedoring, barging, logistics, warehousing, and vessel chartering through its subsidiary United Shippers Limited, in which it holds a near-100% stake. Operations span India and select international markets, targeting industries including beverages, chemicals, pharmaceuticals, and transportation.
Recent strategic changes include the slump sale of its metal crown seals and ROPP closures manufacturing business at Murbad, Maharashtra, to Guala Closures (India) Private Limited, approved by shareholders in September 2025; the transfer of petrochemical unit assets to Narendra Plastochem Private Limited for Rs 19 crore in 2024; and the slump sale of business undertakings at Goa and Odisha to MTL with effect from July 2024. In October 2025, the company transferred and handed over its petrochemical unit assets as part of ongoing portfolio optimization. Additionally, promoters executed a Memorandum of Family Settlement in September 2025, and the 55th Annual General Meeting in September 2025 adopted FY24-25 financials, declared a 25% dividend, and reappointed key directors.