Company type | Public |
---|---|
NSE:
EPL BSE: 500135 | |
Industry | Tube Packaging |
Founded | 1982 in Mumbai |
Founder | Subhash Chandra |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Anand Kripalu (MD & CEO) |
Revenue | ₹2,773 crore (US$350 million) (2019) |
Owner | The Blackstone Group (52%) [1] |
Number of employees | 2700+ (2014) |
Website |
www |
EPL Limited (formerly Essel Propack Limited) is a global tube-packaging company owned by The Blackstone Group headquartered in Mumbai. [2] It is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space. [3] [4]
In 2013, Essel Propack employed more than 2,600 people, and operated 24 facilities in 11 countries, [5] selling more than six billion tubes each year and claims to be the world's largest plastic tubes manufacturer. [6] As of 2009, the company had a global market share of 33% in the toothpaste tube packaging industry. [7]
The company was formed from the merger of two pre-existing companies, Essel Packaging and Propack AG led by then CEO Cyrus Bagwadia. [8] [9]
In 2002, Essel Propack set up a 60,000 sq.ft, US$15 Million manufacturing plant in Danville, Virginia, to make toothpaste tubes for Procter & Gamble's North American market. [3] [10] [11] In the same year, the company set up its fourth plant in China. [12]
The company was acquired by The Blackstone Group in 2019 during an assets sale of the debt-ridden Essel Group. [2] The company was renamed to EPL Limited in October 2020. [13]