SPP Polymer

What SPP Polymer does

SPP Polymer Limited is an Indian manufacturer of industrial bulk packaging headquartered in Rudrapur (Pantnagar), Uttarakhand, incorporated in 2004 (originally as SPP Food Products Private Limited) and now listed on the NSE under ticker SPPPOLY. The company operates a single integrated manufacturing facility producing HDPE/PP woven fabric and bags, polypropylene non-woven fabric and bags, BOPP laminated PP woven bags, PP box bags, FIBC (flexible intermediate bulk container) / jumbo bags, and multifilament yarn. Core production technology includes single-beam non-woven fabric lines producing 10–150 GSM fabric up to 3.2 m width with optional anti-bacterial, anti-static, flame-retardant and oxo-biodegradable finishes, and BOPP lamination lines delivering multi-coloured corona-treated printing across 12"–48" widths and 400D–2000D denier. The company is ISO 9001:2008 certified and self-describes as the largest exporter and manufacturer of PP/HDPE woven bags in India and the largest BOPP Laminated Woven Bags Manufacturer in India.

SPP Polymer sells custom-engineered bulk packaging to industrial B2B buyers across at least 11 verticals: petrochemical, chemical, pharma, food (grains, sugar, rice, flour), construction, fertilizer, mining, wood, agriculture, cement, and textile fibres. Revenue is generated through quote-based, project-tied hardware sales with no public list price; buyers submit RFQs via the corporate website (spppolymer.com), phone, or email, with bulk order capability explicitly supported. Distribution is direct (no third-party marketplaces, franchising, or retail storefronts) and split between domestic inside sales and export-led field sales, with an Investor Relations office in New Delhi handling public-shareholder communications post-IPO. The customer base is described as wide-vertical but no named logos are disclosed.

The company is led by Managing Director and CFO Dipak Goyal, Whole-Time Directors Liladhar Mundhara (ex-Plasto Pack, Pradeep Polythene) and Mahavir Bahety (CA), and three independent directors (Rakesh Kothari, Pooja Garg, Rinku Gulgulia). Statutory audit is performed by M/s GSK & Associates LLP, peer review audit by M/s NGST and Associates, and registrar and share transfer agency by KFin Technologies Limited. The firm employs 11–50 people, is publicly listed, and shows no AI/ML or software-platform capability beyond a corporate website.

Name

SPP Polymer

Legal name

SPP Polymer Limited

Website

https://spppolymer.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

SPP Polymer Limited is an Indian NSE-listed manufacturer (incorporated 2004, single Pantnagar plant) of HDPE/PP woven bags, non-woven bags, BOPP laminated bags, PP box bags, FIBC/jumbo bags and multifilament yarn, selling custom bulk packaging to industrial B2B buyers across food, fertilizer, chemical, pharma, construction, mining, cement and textile verticals.

Ownership category

akta.pro rank

Product category

Industrial Plastic Packaging

NAICS

All Other Plastics Product Manufacturing (326199)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Commodity Thermoplastics Resin Manufacturing (PE, PP, PVC, PS) (IMANAAAA)

Keywords

• Industrial packaging manufacturer
• PP woven bags
• HDPE woven fabric
• BOPP laminated bags
• FIBC jumbo bags

Headquarters

HQ city

Rudarpur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Bulk packaging product sales: One-time sales of manufactured packaging goods — HDPE/PP woven bags and fabric, non-woven bags and fabric, BOPP laminated woven bags, PP box bags, FIBC / jumbo bags — to industrial B2B buyers. Pricing is quote-based with customization; revenue is tied to physical unit volume (tonnage / pieces) and customization specifications (GSM, denier, dimensions, printing).
2. Export sales: Export revenue from selling HDPE/PP woven bags and FIBC to international markets; self-described as the largest exporter of PP/HDPE woven bags in India. Revenue is realized on shipment and acceptance by overseas buyers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

SPP Polymer Limited manufactures and exports HDPE/PP woven fabric and bags, non-woven fabric and bags, BOPP laminated woven bags, PP box bags, FIBC / jumbo bags, and multifilament yarn from a single integrated facility in Pantnagar (Rudrapur), Uttarakhand. The company serves industrial B2B buyers across petrochemical, chemical, pharmaceutical, food, construction, fertilizer, mining, wood, agriculture, cement and textile sectors, selling on a custom-quote, bulk-order basis with high degrees of dimensional, GSM, denier, colour and printing customization.

Product overview

SPP Polymer Limited (formerly SPP Food Products Private Limited) operates a single manufacturing platform at Plot No-04, Sector-01, IIE, SIIDCUL, Pantnagar, Uttarakhand, organized around a family of related woven and non-woven packaging products rather than a modular software product suite. The portfolio spans raw inputs (HDPE/PP Woven Fabric, Non Woven Fabric, Multifilament Yarn) and finished packaging SKUs (HDPE/PP Woven Bags, BOPP Laminated PP Woven Bags, PP Box Bags, Non Woven Bags, and FIBC / Jumbo Bags), all built on PP-woven and 100% polypropylene non-woven inputs produced in-house. Together these products cover industrial, agricultural, food, chemical, construction, and consumer packaging applications, with the FIBC line extending into bulk solids handling for petrochemical, pharma, fertilizer, mining, and wood industries.

Differentiator

Problem solved

Functional benefit

Products and services

• HDPE/PP Woven Bags Wide range of HDPE/PP woven bags in coated and uncoated forms (including Unlaminated, Laminated, Valve, Perforated, Liner Inserted, Gusseted and Multi Strip/Multi Color variants), used to pack food grains, mining materials, chemicals, polymers, cement, fertilizers, sugars, sand, vegetables and fruits.
• HDPE/PP Woven Fabric HDPE/PP woven fabric manufactured as a base input for woven bags and other packaging applications, supplied by SPP as an ISO 9001:2008 certified manufacturer, supplier and exporter.
• Non Woven Fabric 100% polypropylene non-woven fabric offered in 10–150 GSM range, up to 3.2 Meter / 126 Inch width, with optional antibacterial, anti-ageing, anti-static, flame-retardant and Oxo-biodegradable functional finishes. Produced using single beam technology; used in shopping bags, home supplies, medical supplies, protective supplies, industrial supplies and airline cabin products.
• Non Woven Bags Eco-friendly, 100% recyclable designer non-woven bags that are water resistant, permeable, fire resistant, soft, non-allergenic, non-toxic and tear-resistant. Used as shopping, handle, rice, promotional, gift, advertising, storage and packing bags, customisable by size, colour and design.
• BOPP Laminated PP Woven Bags Multi-layered BOPP (Biaxially Oriented Polypropylene) laminated woven bags with high-quality printing on both sides, customisable in colour and design. Variants include gusseted, single side / both side laminated, perforated, liner inserted, handle and D-cut, valve, window, EZ open, back seam and top hemming bags. Sizes span 12"–48" width, 400D–2000D denier, with up to 4/6 colour corona-treated printing.
• PP Box Bags Lightweight, strong, breathable PP and HDPE box bags for bulk packaging, manufactured in 55 GSM to 100 GSM across different colours. Designed for manual or automatic packing and suited for textile fibres, second-hand clothing industry and mattress industry applications; 100% recyclable.
• FIBC (Flexible Intermediate Bulk Container) / Jumbo Bags PP-woven fabric flexible intermediate bulk containers sized from 28" x 28" x 12" to 51" x 51" x 71" with load capacity up to 4000 lbs, used for storage and transport of bulk solids. Variants include U Panel, Tubular, Baffle Q-Bags, Conductive, Tunnel, Ventilated, Single & Two loop, 4 Panel, Circular Cross, Coated, Dust Proof, Double Loop, Full Loop, Panel Cross and Single Loop bags; supports Open Top, Duffel Top Skirt, Filling Spout, Tie-Down Flap and Drawn Cord filling systems and multiple discharge systems. Serves petrochemical, chemical, pharma, food, construction, fertilizer, mining and wood industries.
• Multifilament Yarn Multifilament yarn manufactured at the Rudrapur (Uttarakhand) production facility, alongside SPP Polymer's woven and non-woven fabric and bag lines, used as a base input for finished packaging products.

Quantifiable outcome

• 100% recyclable, eco-friendly packaging materials with moisture-proof, breathable, flexible, lightweight, non-combustible and non-toxic properties
• +2 more outcomes

Segments13 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• M/s. GSK & Associates LLP, Chartered AccountantscoreImplementation/ SI/ Consulting PartnerStatutory Auditors of SPP Polymer Limited. Located at 8, 1st Floor, Rani Jhansi Road, Motia Khan Industrial Area, New Delhi-110055. Contact Person: Sanjay Kumar Gupta (Membership No. 093056, Firm Registration No. 013838N/N500003). Signs off the company's audited financial statements.
• M/s. N G S T and AssociatesminorImplementation/ SI/ Consulting PartnerPeer Reviewed Auditor for the restated financials for SPP Polymer Limited's IPO issue. Located at B/203, Borivali Paras CHS, Rokadia Lane, Near Gokul Hotel, Borivali West, Mumbai-400092, Maharashtra. Contact Person: CA Bhupendra Gandhi (Membership No. 122296, Peer Review No. 122296, Firm Registration No. 135159W).
• Om Soft SolutionminorGTM or Marketing PartnerExternal web design / digital vendor credited on the company website footer ('Designed By Om Soft Solution'). Responsible for the corporate website spppolymer.com which serves as the company's primary marketing and lead-capture channel.
• T&D Hospitality India LLPminorOthersT&D Hospitality India LLP is identified in MD Dipak Goyal's profile as a related-party entity in which he is a partner, indicating a cross-shareholding or promoter-related business relationship outside the core polymer business.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Polyspin Exports: Indian PP woven bag and woven sack manufacturer and exporter with similar woven fabric-to-bag value chain. Directly competes in PP/HDPE woven bags and fabric for industrial buyers.
• Sangir Plastics: Indian manufacturer of PP/HDPE woven sacks, FIBC bags and plastic packaging products. Comparable integrated manufacturing and product overlap with SPP Polymer.
• Texel Industries: Manufacturer of FIBC and PP/HDPE woven sacks in India serving industrial packaging customers. Closely comparable product portfolio and target customer verticals in bulk packaging.
• Emmbi Industries: Indian manufacturer of FIBC/jumbo bags, PP woven sacks, and technical textiles with a comparable product mix serving similar industrial bulk-packaging end markets. Most directly comparable peer by product offering and customer base.
• Flexituff Ventures International: Indian FIBC/jumbo bag and woven sack manufacturer with comparable product mix and export orientation. Direct competitor in bulk industrial packaging for fertilizer, chemical and mining sectors.
• Krishna Plastic Industries: Indian manufacturer of PP/HDPE woven bags and fabric. Comparable in product offering and target industrial customers, though smaller and more regional in scale.

Broad incumbents

• Uflex Limited: Large Indian flexible packaging conglomerate with BOPP film and laminated packaging products overlapping with SPP's BOPP laminated bag line. Operates at much larger scale with a wider product portfolio.
• Cosmo Films: Major Indian BOPP film manufacturer whose films are used as a lamination layer in BOPP woven bags like SPP's. Adjacent in the value chain and overlapping in BOPP lamination capability.
• Jindal Poly Films: Large Indian manufacturer of BOPP and BOPET packaging films. Comparable in BOPP lamination technology used by SPP Polymer, though operates at substantially larger scale across broader flexible packaging.

Emerging players

• Tara Plastic (Rashmi Group): Manufacturer of PP woven sacks and FIBC bags operating in similar bulk packaging categories. Comparable in product overlap though serves a slightly different geographic footprint in eastern India.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about SPP Polymer