- Business
- Radha Madhav Corporation Limited manufactures and sells a broad range of flexible and rigid packaging products in India. The company produces multilayer cast and blown barrier films including MOPVC and MOPET shrink films, polyolefin shrink films, extrusion coated and printed laminates, specialty films, preformed pouches, biaxially-oriented polypropylene (BOPP) films, offset printed cartons and liner cartons, soap wrappers, metallized films, BOPP tapes, PET-PP straps, air bubble sheets, paper tubes, PVC twist wrap films, lamination films, PVDC coated PVCs, cold formed blisters, rigid PVC for blisters, collapsible tubes, MOPVC MOPET shrink sleeves, masking films, PVDC coated laminates, vacuum bags, liner bags, surface printed nylon based 5 layer films, surface printed 3 layer barrier films, dual color 5 layer barrier films, PVC thermoformed sheets, poly laminated rolls, hot foil stamping coated films, thermoformable PVC films, jumbo bags, PP and BOPP bags, PVC for collar, and stretch films; it also provides packaging design and development services, packaging testing services such as controlled environment transport simulation testing and compression testing, technical packaging advisory, packaging machinery systems including robotics and palletisation solutions, and pre-press services like graphic design and flexographic printing plates. Radha Madhav Corporation Limited, founded in 1994 and headquartered in Daman Industrial Estate, Daman and Diu, India, primarily serves the FMCG, pharmaceutical, food and breweries industries with operations focused on the domestic market and multi-production facilities. In August 2022, the National Company Law Tribunal approved Vama Construction's resolution plan under the Insolvency and Bankruptcy Code following the company's Corporate Insolvency Resolution Process initiated in October 2020, resulting in a significant reduction of public share capital in a 100:1 ratio, extinguishment of prior promoter holdings, and allotment of new equity shares to Vama Construction nominees including 15.40 lakh fully paid shares and over 1.11 crore partly paid shares, with new promoters holding approximately 94.89% including partly paid shares; the company infused Rs 36.71 crore in equity and quasi-equity to implement the plan. Subsequent to fiscal year 2023, the board approved and completed the acquisition of a 90% stake in Phytoatomy Private Ltd in late 2023, marking entry into related operations; in December 2023, the board resolved to change the company name to Tecsus Consumer Corporation Limited pending shareholder approval, alongside appointing new directors, whole-time director Nitin Jain as CFO, and independent directors.