Balkrishna Paper Mills Ltd Share Price

History of Balkrishna Paper Mills Ltd

Balkrishna Paper Mills Limited was erstwhile incorporated as 'Nirvikara Paper Mills Limited' in June, 2013. The Company was renamed to 'Balkrishna Paper Mills Limited' in February, 2016. The Company is engaged in manufacturing and selling of 'Paper and Paper Boards', used mainly for packaging industry, catering to the needs of Pharmaceuticals, Cosmetics, Health Care Products, Readymade Garments, Food Products, Match Boxes and mainly for FMCG Segments. The Company began its journey with humble roots in Maharashtra. It was established in the year 1975 with a capacity of 15 MT per day of Duplex board. Since inception, the company had taken opportunities of the growing market and have increased capacity and continue to evolve and adapt to the ever-changing market conditions. In terms wi ...th the approval of Scheme of Arrangement between the Company, Balkrishna Industries Limited and the erstwhile Company, Nirvikara Paper Mills Limited by Bombay High Court on 19.12.2014, the business of Paper Board manufacturing got transferred to the Company effective from 10.02.2015 during the year 2014-15. Balkrishna Synthetics Limited (BSL) was transferred as a wholly own subsidiary to the Company in 2015. The Company is part of the highly reputed Siyaram Poddar Group which is into the diversified businesses of manufacturing textiles, garments yarn, home furnishings and paper. It is a pioneer in the field of coated Duplex boards which are used for packaging by various industries such as pharmaceuticals, toiletries, cosmetics and healthcare products, readymade garments, instant food products, matchboxes, incense sticks, besides many other packaging requirements. Company had appointed consultant for exploring various strategies for revamping the Paper & Paper Board' manufacturing activities and also explore alternative business opportunities available to the Company. As per the Consultant's report, the manufacturing of Paper & Paper Board' from Ambivali factory is not a viable business, on account of increased challenges due to evolving market conditions, rising competition, and changing consumer preferences toward digital alternatives. Further, plant and machineries at Ambivali factory became obsolete. During the year 2024-25, the Company has discontinued its manufacturing activities of Paper and Paper Board' at Ambivali. The Company is doing trading activities in sustainable plastic and packaging materials.