What Jindal Poly Films does

Jindal Poly Films Limited is an Indian publicly listed manufacturer of biaxially oriented plastic films, part of the $2 billion B.C. Jindal Group. Founded in 1985 as a polyester yarn producer and headquartered in New Delhi with manufacturing concentrated at what the company describes as the world's largest single-location BOPET and BOPP film plant at Nashik, Maharashtra, the company produces a full portfolio of flexible packaging films including BOPP (Biaxially Oriented Polypropylene), BOPET (Biaxially Oriented Polyester), metallized films, PVdC- and acrylic-coated films, CPP (Cast Polypropylene), thermal lamination films, and non-tearable paper (NTR). BOPP capacity reached 311,000 MTPA by 2020 and BOPET capacity 120,000 MTPA by 2009, positioning the company as the largest BOPET and BOPP producer in India and the 8th largest BOPET manufacturer globally. Manufacturing uses wide-width lines sourced from German equipment makers Dornier, Bruckner, and Kampf, and the company is backward-integrated into PET chip production for captive BOPET consumption. ISO 9001:2015 and BRC certifications cover the manufacturing facilities.

The company sells B2B directly to flexible packaging converters, pharmaceutical packagers, consumer goods manufacturers, and industrial converters across 40 countries and 95% of world markets, with pricing negotiated quote-by-quote against film specifications (thickness, coatings, treatments, metallization). In March 2022, Brookfield Asset Management acquired a 25% minority stake in the carved-out packaging films business (now housed in JPFL Films Pvt Ltd) for approximately Rs 2,000 crore ($263 million) at a post-money valuation of Rs 10,000 crore, with Jindal Poly Films retaining majority ownership and structured equity with downside protection for Brookfield. Q3 FY2025-26 consolidated net sales collapsed 68.66% YoY to Rs 371.66 crore from Rs 1,185.94 crore, swinging to a Rs 96.41 crore net loss with operating margin of -20.81%, primarily due to a fire at the Nashik plant combined with rising labor and raw material costs. The company has announced a Rs 700 crore Nashik capacity expansion, a Rs 12,000 crore titanium dioxide pigment plant approved in Odisha in January 2026 (signaling diversification into specialty chemicals), and a 2025 Demerger Scheme to spin off the nonwoven fabrics business. The company is also subject to India's first major shareholder class action lawsuit under Section 245 of the Companies Act, alleging ~Rs 2,500 crore in losses from related-party transactions, admitted by the NCLT on 5 February 2026 and subsequently referred to arbitration by the Supreme Court.

Name

Jindal Poly Films

Legal name

JINDAL POLY FILMS LIMITED

Website

https://jindalpoly.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

251–500 employees

Short description

Jindal Poly Films is an Indian manufacturer of BOPET and BOPP flexible packaging films, operating the world's largest single-location film plant at Nashik with 311,000 MTPA BOPP and 120,000 MTPA BOPET capacity, selling B2B to converters across 40 countries as the largest film producer in India and 8th largest BOPET maker globally.

Ownership category

akta.pro rank

Product category

Flexible Packaging Films

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing (326113), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Unsupported Plastics Film & Sheet (3081), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Polyester & Nylon Films (PET/BOPET, PA/BOPA) (IMALABAB)

akta.pro secondary industries

Polyolefin Films (PE/PP: Cast, Blown, BOPP) (IMALABAA), Plastic Films & Laminated Packaging Structures Manufacturing (IMANAEAD)

Keywords

• Flexible packaging films
• BOPET films manufacturing
• BOPP films manufacturing
• Metallized barrier films
• Polyester film production

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Flexible packaging film sales: Jindal Poly Films generates revenue primarily from the manufacture and sale of bi-axially oriented polyester (BOPET) and polypropylene (BOPP) films, metallized films, coated films, CPP films, thermal films, and specialty films to food packaging, pharmaceutical, consumer goods, and industrial manufacturers globally. Revenue from operations for Q3 FY2025-26 was Rs 371.66 crore, representing a 68.66% YoY decline from Rs 1,185.94 crore in Q3 FY2024-25, partly attributed to a Nashik plant fire incident.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Jindal Poly Films manufactures and supplies bi-axially oriented polyester (BOPET) and polypropylene (BOPP) films along with metallized, coated, CPP, thermal, and specialty films used in flexible packaging, labeling, and industrial applications. The company operates the world's largest single-location plant for BOPET and BOPP film production at Nashik, Maharashtra, and also produces polyester chips for captive consumption.

Product overview

Jindal Poly Films Limited operates as a flexible packaging film manufacturer producing a comprehensive portfolio of biaxially oriented films — BOPP (Biaxially Oriented Polypropylene), BOPET (Biaxially Oriented Polyester), metallized films, coated films, CPP (Cast Polypropylene), thermal lamination films, and non-tearable paper — for applications spanning flexible packaging, tape and textile, lidding, print lamination, industrial, labels, and overwrap. The company's core manufacturing facility at Nashik, Maharashtra is the world's largest single-location plant for BOPET and BOPP film production. The packaging films business was carved out in 2022 into JPFL Films Pvt Ltd, a wholly-owned subsidiary with Brookfield Asset Management holding a 25% minority stake. Jindal Poly Films is part of the B.C. Jindal Group, a $2 billion diversified conglomerate.

Differentiator

Problem solved

Functional benefit

Brands

• JPFL Films: Subsidiary company manufacturing BOPP, PET, and CPP films at Nashik plant
• Global Nonwovens
• Jindal Films
• Rexor

Products and services

• BOPP Films

Quantifiable outcome

• 8th largest BOPET Film manufacturer in the world and largest in India
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Dornier, Bruckner, and Kampf (German equipment manufacturers)coreTechnology or IntegrationJindal Poly Films uses latest manufacturing technology sourced from German companies Dornier, Bruckner, and Kampf. These equipment suppliers provide wide-width film production lines which deliver high productivity and are stated to have the lowest average age in the industry, forming the technological backbone of the company's manufacturing operations.
• JPFL Films Pvt LtdcoreOthersJPFL Films Pvt Ltd is a wholly-owned subsidiary of Jindal Poly Films created through a slump sale of the packaging films business as part of the Brookfield investment. It is the material subsidiary operating the Nashik manufacturing plant and is the subject of a Rs 700 crore capacity expansion plan.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Uflex Limited: India's largest flexible packaging company manufacturing BOPET, BOPP, CPP films and a wide range of packaging products. Direct competitor to Jindal Poly Films in the Indian and global flexible packaging films market with similar B2B customer base and product portfolio.
• Innovia Films (formerly Treofan): Global specialist BOPP and BOPET film manufacturer with focus on high-value specialty and sustainable films. Competes with Jindal in BOPP films for labels, packaging, and industrial applications, particularly in European and global markets.
• Vacmet India: Indian BOPET film manufacturer with significant capacity serving flexible packaging, label, and metallizing applications. Direct peer to Jindal Poly Films in BOPET films manufacturing with similar customer base in packaging converters.
• Polyplex Corporation: Global BOPET and BOPP film manufacturer with manufacturing facilities in India, Thailand, Turkey, and the US. Comparable to Jindal in BOPET/BOPP production scale, product portfolio, and global distribution to flexible packaging converters.
• Taghleef Industries: Global BOPP and BOPET film producer headquartered in UAE with operations across Europe, Americas, Africa, and Asia. Direct competitor in flexible packaging films with overlapping product portfolio and customer base in food, consumer goods, and industrial packaging.
• Ester Industries: Indian manufacturer of BOPET films and polyester chips, with products serving flexible packaging, industrial, and textile applications. Comparable to Jindal in BOPET film production, polyester chip manufacturing, and backward integration strategy.
• Cosmo Films: Indian BOPET and BOPP film manufacturer with global operations, specializing in specialty films including label films, packaging films, and lamination films. Direct competitor in BOPET/BOPP flexible packaging films serving similar converter and brand-owner customers.
• SRF Limited: Indian diversified conglomerate with a significant BOPET films business alongside chemicals, technical textiles, and packaging. Competes directly with Jindal in BOPET films for flexible packaging applications, particularly in India and global markets.
• Futamura Chemical: Japanese BOPET and cellophane film manufacturer with global operations, producing flexible packaging films including metallized, coated, and specialty films. Comparable to Jindal in BOPET film technology and product portfolio serving food, consumer goods, and industrial packaging markets.

Broad incumbents

• Mitsubishi Chemical Group (formerly Diafoil/Mitsui Chemicals polyester films): Major global producer of polyester films (BOPET) as part of its broader chemicals and materials portfolio. Competes with Jindal in high-end BOPET films for industrial, packaging, and electronic applications globally, with significantly greater resources and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jindalpoly

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jindal Poly Films