Investcorp has taken the lead with a significant Rs 340 crore investment in the packaging and printing powerhouse, Canpac Trends. This move isn’t just about the money; it marks a significant milestone for JM Financial India Fund II, granting them a partial exit after backing Canpac since 2021.
Picture this: Canpac Trends, armed with Investcorp’s injection of funds, is gearing up to turbocharge its expansion journey across India. Nilesh Todi, the mastermind behind Canpac, sees this as a pivotal moment. “This investment is a game-changer. It’s the fuel we need to rev up our manufacturing and sales engines,” he expressed enthusiastically.
What’s on the horizon for Canpac? With this financial boost, they’re set to spread their production wings across strategic manufacturing hubs nationwide. But that’s not all. They’re eyeing expansion through strategic acquisitions and doubling down on research and development efforts, ready to innovate and dominate the market.
Investcorp upbeat about Canpac Trends Growth Focus
“We are always on the lookout for companies run by ambitious first-generation entrepreneurs that we believe will outperform peers. Nilesh Todi has demonstrated that, with consistent execution over a period of time. Paper packaging also champions sustainability, a key Investcorp priority for each one of our investments across all our geographies,” said Gaurav Sharma, Head, India Investment Business, Investcorp.
Founded by Nilesh Todi, Ahmedabad-based Canpac specialises in delivering folding carton solutions to clients in industries such as fashion and retail, FMCG, and industrial products.
The company extends its offerings to include paper bags, luxury boxes, corrugated cartons, and flexible laminate solutions. “While the paper packaging market is over Rs 570 billion in India, the industry remains highly fragmented with an opportunity for leaders to consolidate.
Canpac has firmly established itself as a leader which is able to serve customers with superior standards of quality and safety,” said Anshuman Goenka, Partner, Investcorp. Currently, the firm operates four manufacturing plants located in three cities—Ahmedabad, Kolkata, and Tiruppur. Canpac’s research and development (R&D) facility offers real-time sampling and customised packaging solutions to its customers.
