Uflex

What Uflex does

UFlex is India's largest multinational flexible packaging company, founded in 1985 and headquartered in Noida, with manufacturing operations across 6 countries and sales presence in 140+ countries. The group is organized into seven integrated business units covering packaging films, flexible (converted) packaging, aseptic liquid packaging (Asepto), chemicals, holography, engineering, and printing cylinders, allowing it to supply most substrates, inks, adhesives, and packaging machinery internally. Its technology base spans BOPET and BOPP films, solvent-free laminating adhesives, patented reclosable bag structures, Alu-Alu blister grades, aseptic cartons, and rPET/rPE/rPP recycling lines approved by USFDA for food contact, supported by a growing specialty portfolio including CeruFlex 500 and Flexcoat Soft Touch coatings.

Revenue is generated through B2B contracts with global FMCG, beverage, pharma, cosmetics, and industrial customers such as Primark, Radico Khaitan, Veetee Rice, Rasna, and ISRO; the model combines high-volume film supply with downstream conversion revenue from aseptic and pre-made pouches, plus a smaller but high-margin chemicals and holography business serving anti-counterfeit packaging. Management has guided FY26 consolidated revenue to Rs 14,800-15,000 crore (approximately USD 1.78 billion), consistent with Q4 FY26 reported revenue of Rs 4,056 crore and profit after tax up 15% year-on-year. Capital allocation is heavily skewed toward global capacity expansion: a Rs 700+ crore Dharwad phase-2 expansion adding 54,000 MTPA, a USD 200 million Egypt aseptic program, a Rs 750 crore Mexico-plus-Noida recycling complex, and a USD 188.23 million ECB to part-fund the pipeline.

UFlex sells primarily through direct enterprise relationships with brand owners and large converters, with a Top Employer 2026 certification, an established sales and distribution network in 140+ countries, and a stated focus on agentic AI for autonomous supply-chain orchestration under Group CIO Vipin Kumar. Its competitive position rests on geographic reach, vertical integration across the value chain, patent-protected specialty products, and qualification into multinational FMCG supply chains, though financial disclosures are limited compared with listed global peers and execution risk on simultaneous multi-country capex remains material.

Name

Uflex

Legal name

UFlex Limited

Website

https://uflexltd.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

10,001+ employees

Short description

UFlex is India's largest multinational flexible packaging company, operating seven integrated business units across films, converted packaging, aseptic liquid packaging, chemicals, holography, engineering, and cylinders, serving global FMCG, beverage, pharma, and industrial clients in 140+ countries from manufacturing facilities in 6 countries.

Ownership category

akta.pro rank

Product category

Flexible Packaging

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Plastics Bag and Pouch Manufacturing (326111), Converted Paper Product Manufacturing (3222), Printing and Related Support Activities (323), Packaging and Labeling Services (56191)

SIC

Miscellaneous Plastics Products (3080), Papers & Allied Products (2600), Miscellaneous Chemical Products (2890), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670), Paperboard Containers & Boxes (2650)

akta.pro industry

PRIMARYIMANAEAC

Flexible Plastic Packaging (Bags, Pouches, Sachets) Manufacturing

Industrials, Manufacturing & Construction/Plastics & Rubber Manufacturing/Plastic Packaging Products Manufacturing

SECONDARYIMALABAI

Aseptic & Liquid Flexible Packaging (Bag-in-Box, Spouted Liquid Packs)

Industrials, Manufacturing & Construction/Packaging & Containers/Flexible Packaging (Films, Pouches, Laminates)

SECONDARYIMALAHAL

Ready Meals & Prepared Foods Packaging

Industrials, Manufacturing & Construction/Packaging & Containers/Food & Beverage Packaging

SECONDARYCRADALAL

Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons)

Consumer Products & Retail/Consumer Packaged Goods (CPG) Manufacturing & Brands/Paper Goods & Disposables (Tissue, Diapers, Feminine Care)

SECONDARYIMALAJAE

Flexible Cosmetic Packaging (Pouches, Sachets, Stick Packs)

Industrials, Manufacturing & Construction/Packaging & Containers/Cosmetic & Personal Care Packaging

SECONDARYTLAIAGAA

Primary Packaging (Form-Fill-Seal, Blister, Sachet/Stick Pack, Bottling)

Transportation & Logistics/Third-Party & Fourth-Party Logistics (3PL/4PL) / Contract Logistics/Packaging, Repackaging & Co-Packing Services

SECONDARYIMALABAG

Lidding, Sealant & Packaging Webs (Heat-Seal, Peelable, Retort Lids)

Industrials, Manufacturing & Construction/Packaging & Containers/Flexible Packaging (Films, Pouches, Laminates)

Keywords

• Flexible packaging solutions
• Packaging film manufacturing
• Aseptic liquid packaging
• Packaging machinery engineering
• Holographic brand protection

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Packaging Films Sales: UFlex manufactures and sells a comprehensive range of packaging films including BOPET, BOPP, CPP, and specialty films globally. The films business is described as India's largest end-to-end flexible packaging solutions company serving as a one-stop shop for all flexible packaging film needs. Revenue is generated through direct sales of manufactured films to converters, brand owners, and other packaging companies.
2. Flexible Packaging Products: Manufactures and sells converted flexible packaging products including pouches, bags, sachets, tubes, and specialty packaging solutions. The flexible packaging business has manufacturing capacity of over 80,000 TPA and is described as the largest flexible packaging exporter from India.
3. Aseptic Liquid Packaging (Asepto): Asepto is the aseptic liquid packaging brand serving food and beverage manufacturers. The company doubled production capacity from 3.5 billion to 7 billion packs per annum at its Sanand plant in Gujarat, and established a new facility in Egypt, targeting Europe, Middle East, and Africa markets.
4. Chemicals (Inks, Adhesives, Coatings): UFlex's Chemicals Business is a leading manufacturer of liquid inks, adhesives, and specialty coatings for the packaging industry. Products include FlexGreen UV LED coatings, solvent-less adhesives, and specialty coatings sold to converters and packaging manufacturers.
5. Holography Solutions: Provides brand protection and anti-counterfeiting solutions through holographic products including lens films, registered lens papers, and holographic solutions for labels, packaging, and security documents. UFlex is IBA-certified for MICR instrument printing and is one of the world's leading holographic solution providers.
6. Engineering — Packaging Machinery: Manufactures and sells packaging, printing, and allied machines including CI Flexo printing presses (UFlexo brand), rotogravure printing machines, co-extrusion laminators, Pick Fill Seal machines, and multitrack machines. Products are sold to packaging converters globally.
7. Printing Cylinders: State-of-the-art manufacturing of rotogravure cylinders, flexo plates, and sleeves for the packaging and printing industry. Provides precision-engineered cylinders with high-quality surface finishes for various printing applications.
8. Dividend Distribution: As a listed company on Indian stock exchanges (BSE/NSE), UFlex distributes dividends to shareholders. The company recommended a final dividend of ₹3 per share for FY26, representing 30% dividend payout.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

UFlex manufactures and sells flexible packaging products across seven integrated business verticals: packaging films (BOPET, BOPP, CPP), flexible packaging conversion products (pouches, bags, sachets, tubes), aseptic liquid packaging under the Asepto brand, chemicals (inks, adhesives, coatings), holographic brand protection solutions, packaging machinery, and printing cylinders. The company serves global FMCG brands, pharmaceutical companies, food and beverage manufacturers, and packaging converters across 140+ countries through direct enterprise sales.

Product overview

UFlex is India’s largest multinational flexible packaging and solutions company offering an integrated portfolio across seven business verticals: Packaging Films (Flex Films), Flexible Packaging, Aseptic Liquid Packaging (Asepto), Chemicals (inks, adhesives, coatings), Holography (brand protection), Engineering (packaging machinery), and Printing Cylinders. The company provides end-to-end packaging solutions from film manufacturing to converted packaging, serving clients across 140+ countries. Key products include Asclepius™ PCR films, Flexfresh shelf-life extension solutions, Asepto aseptic packaging, Flexitubes, 4D Bags, ReLAM 250 recycling machines, and various specialty films. UFlex operates manufacturing facilities across six countries and offers sustainability-focused solutions including recycled content integration, mono-material structures, and circular economy initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Asepto: Aseptic Liquid Packaging brand from UFlex Limited, offering aseptic packaging solutions for beverages and liquid foods
• Flex Films
• Flexfresh
• Asclepius
• FlexGreen
• Flexitubes
• Kraftika
• CeruFlex 500

Products and services

• Flexible Packaging Products
• Flex Films (BOPET, BOPP, CPP, Specialty Films)
• Asepto Aseptic Liquid Packaging

Quantifiable outcome

• Q4 FY25 consolidated net profit of Rs 168.56 crore, turnaround from net loss of Rs 270.95 crore in Q4 FY24, with revenue growing 11.31% YoY to Rs 3,814.28 crore
• +5 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature12 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ABBcoreTechnology or Integration · 24 April 2026Flex Asepto Egypt, a subsidiary of UFlex, selected ABB to supply L&W laboratory testing instruments and a digital lab management system for its new aseptic liquid packaging plant in Sokhna, Egypt. The L&W laboratory technologies support quality assurance and digitalization goals as the company expands across Europe, the Middle East, and Africa. ABB's instruments have been used at Asepto's India facility for over eight years, marking ABB's expansion into adjacent industries like liquid packaging.
• Gravtech (Italy)coreTechnology or Integration · 1 February 2026UFlex developed the CeruFlex 500 high-speed gravure printing machine in collaboration with Italian company Gravtech, introduced at PlastIndia 2026. This collaboration combines Gravtech's expertise with UFlex's engineering capabilities to produce advanced printing technology for the flexible packaging industry.
• Morris Packaging LLCcoreStrategic or Co-development Partner · 1 October 2025Morris Packaging LLC and UFlex Packaging Inc. announced a strategic alliance to launch a next-generation sustainable woven bag series. This partnership combines Morris Packaging's manufacturing capabilities with UFlex's materials science expertise to develop innovative sustainable woven bag solutions.
• Re Sustainability and Aarti CircularityminorStrategic or Co-development Partner · 1 June 2025A ₹100 crore joint venture between Re Sustainability and Aarti Circularity (Dow-Lucro Plastecycle partnership) represents broader industry collaboration on recycling infrastructure in India, in which UFlex operates as a key manufacturer with its own recycling capabilities.
• CREDUCEcoreStrategic or Co-development Partner · 1 September 2022UFlex signed an MOU with CREDUCE to achieve carbon neutrality. Jeevaraj Pillai stated the company aims to cut about 1,75,000 tons of carbon emission equivalent by the end of 2024 across the group, with CREDUCE providing carbon reduction strategy and monitoring support.
• Hoffer Plastics and MespackcoreStrategic or Co-development Partner · 1 September 2021UFlex teamed up with Hoffer Plastics and Mespack to launch 100% Recyclable Mono-polymer Hot-fill Pouches — a breakthrough in sustainable hot-fill packaging that eliminates the need for multi-material laminates. This trilateral partnership combined UFlex's material expertise, Hoffer Plastics' resin capabilities, and Mespack's packaging machinery to deliver a fully recyclable packaging solution for food and beverage applications.
• Alliance to End Plastic Waste (AEPW)coreStrategic or Co-development Partner · 1 September 2021UFlex joined the global Alliance to End Plastic Waste (AEPW), a coalition of companies working to address plastic waste in the environment. UFlex presented its R&D capabilities and recycling technologies including MLP recycling solutions to the Alliance, positioning itself as a solution provider for circularity in plastics. CMD Ashok Chaturvedi made a strong case for continued use of Multi-Layer mixed Plastics (MLP) at an AEPW meeting at the New York Stock Exchange.
• Brückner MaschinenbaucoreTechnology or Integration · 15 February 2021UFlex and Brückner Maschinenbau collaborated to install the world's largest 10.4m BOPET film production line at UFlex's Poland facility. This collaboration enabled UFlex to establish a state-of-the-art film manufacturing facility in Europe with cutting-edge extrusion technology, setting a world record for film line width.

Scale indicators13 records

Recent moves11 records

Expansion highlights7 records

Broad incumbents

• Amcor plc: Global packaging giant with a major flexible packaging and rigid packaging portfolio serving food, beverage, healthcare, and personal care. Directly comparable as a multinational flexible packaging incumbent operating at significantly larger scale than UFlex with overlapping end-market customers.
• Mondi plc: International packaging and paper group with significant flexible packaging (Mondi Corrugated Packaging, Flexible Packaging) operations across Europe and emerging markets. Comparable as a vertically integrated paper and flexible packaging player.
• Sealed Air Corporation: Global packaging company specializing in food protective packaging, Cryovac food packaging, and sustainable solutions. Comparable as a multinational flexible/film-based packaging peer serving food and beverage customers.
• Berry Global Group: Large global manufacturer of plastic packaging products including films, pouches, and containers serving FMCG, healthcare, and industrial end markets. Comparable as a broad incumbent flexible packaging competitor with significant film manufacturing capacity.

Direct peers

• Polyplex Corporation Ltd. Indian polyester film (BOPET) manufacturer with global operations in India, Thailand, Turkey, and the USA. Directly comparable as an Indian BOPET film competitor with similar export-oriented business model and product portfolio.
• Huhtamäki Oyj: Finnish global packaging company with strong flexible packaging and food service packaging divisions serving FMCG brands worldwide. Directly comparable as a multinational flexible packaging peer with overlapping food/beverage customer base.
• Constantia Flexibles: Austrian-headquartered global flexible packaging specialist focused on pharma, food, and FMCG end markets. Directly comparable as a flexible packaging pure-play with similar product mix (films, laminates, pouches) and customer profile.
• Jindal Poly Films Ltd. Indian manufacturer of BOPET and BOPP packaging films with manufacturing in India and overseas markets. Directly comparable as an Indian films competitor with similar film manufacturing focus and global distribution reach.
• Cosmo Films Ltd. Indian BOPET and CPP films manufacturer with global presence, competing directly with UFlex's Flex Films division. Highly comparable as a domestic Indian competitor in specialty packaging films with similar end markets and product range.

Emerging players

• AptarGroup Inc. Global supplier of dispensing systems, sealing solutions, and active material science solutions for pharma, beauty, and food. Comparable in adjacent tube and dispensing packaging where UFlex's Flexitubes and Asepto compete, particularly in cosmetics and pharma.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/uflexltd
• YouTubeyoutube.com/c/uflexltdpackaging
• Facebookfacebook.com/Uflexltdpackaging
• LinkedInlinkedin.com/company/uflex-group
• Instagraminstagram.com/uflexltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries7 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 Uflex