TCPL Packaging Share Price

TCPL Packaging Ltd

TCPL Packaging Limited, formerly known as TwentyFirst Century Printers Ltd, is a leading manufacturer of printed packaging materials in India. Founded in 1987, the company has grown into a key player in the packaging industry, catering to diverse sectors with a strong focus on innovation and quality. Headquartered in Mumbai, India, TCPL operates seven state-of-the-art manufacturing facilities across the country and has marketing offices in key metro cities.

Leadership

The company is led by Managing Director Saket Kanoria and was initially promoted by Sajjan Jindal, Debasis Chaudhri, and members of the Kanoria family. Under their leadership, TCPL has evolved into a dynamic organization with a strong presence in the packaging sector.

Product Portfolio & Expansion into Flexible Packaging

TCPL manufactures printed packages and has since diversified into the flexible packaging sector. The company is now capable of producing printed cork-tipping paper, laminates, sleeves, and wrap-around labels. This diversification enables TCPL to serve a wider scope of clientele, bolstering its competitive edge in the market.

Manufacturing Facilities & Key Clients

TCPL has a nationwide reach and strategically located manufacturing plants in Silvassa in Dadra and Nagar Haveli, Haridwar, Guwahati, and Goa. The company holds a printed cigarette shell contract with Godfrey Philips India, which makes up 60% of the company's capacity. Other notable customers include ITC and VST Industries, proving TCPL’s dominance in the cigarette packaging industry.

Public Issues & Financial Growth

TCPL went for expansion by going public in 1990. In 1994, it raised money for its expansion by undertaking a rights issue of 12.5 lakh zero interest unsecured fully convertible debentures (FCDs) of 50 each, totaling Rs. 6.25 crores. In 1997, the company also greatly improved its reputation by receiving an ISO 9002 certification from TUV Suddeutschland Germany, and this strengthened its dedication to quality and international standards.

Technological Advancements & Investments

TCPL has invested in the upgrading of technology and production capacity over time to remain relevant within the industry. During 2001, the company began constructing additional operational buildings after acquiring an adjoining plot at Silvassa. It also purchased a six-color sheet-fed offset printing machine with an in-line coating system from MAN Roland Germany. To complete its expansion goals, TCPL purchased supporting peripheral equipment like die cutters, coating machines, and foil stamping devices.

The Haridwar plant was commissioned in 2005, with commercial production beginning on November 1. In 2008, the company also increased its production capacity by getting new sheet-fed offset presses at two factories. A major milestone was achieved in 2009 when the company changed its name from TwentyFirst Century Printers Ltd. to TCPL Packaging Limited, marking a new phase in its growth journey.

In 2010, TCPL set up a new facility across the street from its old Silvassa plant and installed a ten-color gravure printing machine with an inline rotary die cutter imported from France. It also established a third manufacturing facility in Silvassa. In 2011, the company installed a state-of-the-art KBA printing machine imported from Germany. Around the same time, it set up a new factory specializing in the manufacture of corrugated cartons, further diversifying its offerings. In subsequent years, TCPL continued to enhance its infrastructure, including the transfer of a six-color offset printing machine from Silvassa to Goa in 2013, along with additional new equipment to optimize production capabilities.

During 2016 and 2017, TCPL upgraded its Silvassa offset packaging plant by commissioning a new KBA offset print line with sophisticated accessories, which had commenced commercial production in October 2016. The Guwahati facility was commissioned in March 2017, with commercial production commencing shortly thereafter. Further, the Silvassa Greenfield project also went on stream in February 2017. In 2019, the company also enhanced capacity at its Haridwar facility by investing in an eight-color offset printing press of the latest generation as well as post-printing conversion equipment. It also stabilized production at its recently commissioned Goa plant, which started production in March 2019.

Subsidiaries & International Expansion

TCPL has made strategic moves to strengthen its presence both in India and abroad, positively impacting the TCPL share price. In 2020, TCPL Innofilms Private Limited became a wholly owned subsidiary, reinforcing the company’s focus on innovation and expansion. Furthering its global footprint, TCPL Middle East FZE was incorporated in Dubai, United Arab Emirates, on March 3, 2021.

In 2021, TCPL acquired a majority stake in Creative Offset Printers Private Limited (COPPL), a company specializing in the manufacture of printed rigid boxes and leaflets for the mobile phone and consumer electronics industry. This acquisition positioned TCPL as a key player in the high-value packaging segment, with COPPL becoming a subsidiary of TCPL.

Brief Overview

With decades of experience, state-of-the-art technology, and strategic growth, TCPL Packaging Limited continues to improve its position as a market leader in the Indian and international packaging sector. Its focus on quality, innovation, and long-standing customer relationships makes it an apt partner for companies in various different industries. As the company grows and develops more, it remains committed to improving its capabilities and delivering world-class packaging solutions.