Hindustan Adhesives Ltd.

Name

Hindustan Adhesives Ltd.

Legal name

Hindustan Adhesives Limited

Website

https://bagla-group.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Flexible Packaging Materials

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Plastics Bag and Pouch Manufacturing (326111), Adhesive Manufacturing (325520)

SIC

Unsupported Plastics Film & Sheet (3081), Adhesives & Sealants (2891), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Shrink, Stretch & Wrap Films (Pallet Wrap, Shrink Sleeves/Overwrap) (IMALABAF)

Keywords

• Thermoforming films
• Polyolefin shrink films
• Tear tape manufacturing
• BOPP adhesive tapes
• Flexible packaging materials

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Thermoforming Films: Manufacture and sale of multi-layer coextruded thermoforming films (QuenchTek HB, MB, MBPP, Mono) for food packaging, industrial packaging, and medical applications. Revenue derived from direct B2B sales to food processors, packaging converters, and manufacturers globally.
2. POF Shrink Films: Manufacture and sale of polyolefin shrink films including cross-linked, non-cross-linked, sustainable (with recycled content), and printed variants (WrapTek series). Revenue from B2B sales to packaging operations, e-commerce, and retail supply chains.
3. Tear Tapes: Manufacture and sale of carton tear tapes and FMCG tear tapes including specialty tapes, sustainable tear tapes (EkoRip, EkoTear with PCR content). Revenue from direct B2B sales to FMCG brands, tobacco, food, cosmetics, and pharmaceuticals companies.
4. Adhesive Tapes: Manufacture and sale of BOPP acrylic tapes (utility, medium, heavy grade), BOPP hotmelt tapes, BOPP solvent tapes, paper packaging tapes, recycled PET tapes, cellophane tapes, flexo printable tapes, and industrial tapes. Over 2000+ SKUs established. Revenue from direct B2B sales across industries.
5. Hindustan Adhesives Consolidated Revenue: Listed entity Hindustan Adhesives Limited generates consolidated revenue from adhesive and packaging film operations. FY2026 sales were Rs 255.57 crore. The company is publicly listed on the Bombay Stock Exchange since 1994.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Hindustan Adhesives Ltd. (Bagla Group) manufactures and sells flexible packaging materials organized into four product categories: multi-layer coextruded thermoforming films (QuenchTek HB, MB, MBPP, Mono) for food and barrier packaging, polyolefin shrink films (WrapTek series) for retail and e-commerce packaging, carton and FMCG tear tapes (EzeeRip, EzeeTear, EkoRip, EkoTear) for easy-open applications, and BOPP adhesive tapes (acrylic, hotmelt, solvent, EkoPET, EkoPaper, EzeePrint) for carton sealing. Products are manufactured at 7 factories in India, Indonesia, and Paraguay and sold to over 2,000 enterprise customers across 50 countries.

Product overview

Hindustan Adhesives Ltd. (operating as Bagla Group) is a packaging solutions provider manufacturing a comprehensive portfolio of flexible packaging materials organized into four main product categories: Thermoforming Films (QuenchTek HB, QuenchTek MB, QuenchTek MBPP, QuenchTek Mono), POF Shrink Films (WrapTek Earth, WrapTek Fresh), Tear Tapes (EzeeRip, EzeeRip Plus, EkoRip, EzeeTear Earth), and Adhesive Tapes (BOPP Acrylic, Hotmelt, Solvent tapes, plus sustainable variants like EkoPET, EkoPaper, EzeePrint). The company serves global customers in food, pharmaceutical, consumer goods, and industrial packaging sectors with products manufactured across 7 factories in India, Indonesia, and Paraguay, supported by 16 international sales offices and warehouses in USA and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• QuenchTek: Thermoforming Film brand including HB (High Barrier), MB (Medium Barrier), MBPP (PA/PP), and Mono variants
• WrapTek
• EzeeRip
• EkoRip
• EzeeTear
• EkoTear
• EzeePrint
• EkoPET
• EkoPaper
• EzeeRoll
• Bagla Foundation

Products and services

• QuenchTek HB (High-Barrier Thermoforming Film)
• QuenchTek MB (Medium-Barrier Thermoforming Film)
• QuenchTek MBPP (PA/PP Medium-Barrier Thermoforming Film) Multi-layer PA/PP coextruded medium-barrier thermoforming film for high-temperature food packaging applications including cooking, pasteurization, sterilization, and microwave heating, with temperature range -20°C to 121°C. Features 7-layer structure, superior puncture resistance, high transparency, and PP-side sealability.
• QuenchTek Mono (PA-Free Mono-Material PE Thermoforming Film) PA-free mono-material polyethylene thermoforming film with integrated EVOH oxygen-barrier layer, designed for recyclability in existing PE film streams and PPWR compliance. Suitable for fresh meat, poultry, seafood, dairy, and ready-to-eat packaging. Engineered using Water-Quench Extrusion Technology for superior clarity, uniform thickness, and enhanced mechanical strength. PE / PE / Tie / EVOH / Tie / PE / PE (~90%+ polyethylene) structure.
• WrapTek Earth (Recycled POF Shrink Film)
• WrapTek Fresh (Antifog POF Shrink Film)
• EzeeRip (Carton Tear Tape) Carton tear tape with MOPP backing and water-based acrylic adhesive for easy, controlled opening of corrugated and fibreboard boxes without knives or cutters. Used by FMCG, tobacco, food, cosmetics, and pharmaceuticals companies.
• EzeeRip Plus (HTPP Carton Tear Tape)
• EkoRip (Paper-Based Recyclable Carton Tear Tape) FSC-certified paper-based recyclable carton tear tape designed for sustainable packaging with easy opening functionality.
• EzeeTear Earth (FMCG Tear Tape with PCR Content) FMCG tear tape with PCR (Post-Consumer Recycled) content designed for eco-friendly consumer goods packaging.
• EzeePrint (Direct Printable Acrylic Packaging Tape) Direct printable acrylic packaging tape designed for seamless high-quality printing directly on flexographic printing machines without corona treatment, primer, or release coating.
• EkoPET (Recycled PET Tape) Recycled PET tape made from 90% post-consumer recycled (PCR) content designed to provide strength and durability while promoting circular economy.
• EkoPaper (FSC-Certified Paper Packaging Tape) FSC-certified paper packaging tape providing environmentally conscious yet affordable choice for superior strength and secure sealing.
• EzeeRoll (Machine Roll Acrylic Tape) Machine roll length acrylic tape with special adhesive formulation providing minimal/zero adhesive residue buildup on machine rollers. Features 110% elongation, RoHS compliant, FDA standards for indirect food contact, UV resistance, and availability up to 2000m length, 288mm width.
• BOPP Hotmelt Tape Pressure-sensitive packaging tape made with biaxially oriented polypropylene film and synthetic rubber-based hotmelt adhesive. Offers strong initial tack, quick sealing, and reliable performance for carton closure in high-speed packaging operations.
• BOPP Solvent Tape Pressure-sensitive packaging tape made from Biaxially Oriented Polypropylene film coated with natural rubber-based solvent adhesive. Offers high initial tack, strong long-term adhesion, and excellent performance in hot, cold, or humid conditions.
• BOPP Acrylic Tape
• Industrial Tapes (Masking, Duct, Mono-Filament, Cross-Filament)
• EzeeRip Protect (Reinforcement Tape)

Quantifiable outcome

• Reduced retail spoilage by 35% for a fresh produce exporter using Anti-Fog Shrink Film
• +3 more outcomes

Named customers32 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators17 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Sealed Air Corporation: Global packaging company specializing in food protection and protective packaging. Overlaps with Bagla's barrier film business (QuenchTek HB/MB) for fresh meats, processed foods, and cheese packaging, with Cryovac brand as a notable direct competitor in vacuum packaging films.
• 3M Company: Global diversified industrial conglomerate with a major adhesive tapes and films division. Overlaps with Bagla in BOPP and specialty packaging tapes, but operates at materially larger scale with a much broader product portfolio across multiple industrial segments.
• Amcor plc: Global packaging giant producing flexible and rigid plastic packaging for food, beverage, healthcare, and consumer goods. Overlaps with Bagla in flexible packaging films and food-contact barrier films, but at much larger scale with a global manufacturing and innovation footprint.
• Berry Global Group: Global manufacturer of plastic packaging products including films, tapes, and flexible packaging. Overlaps with Bagla in shrink films, barrier films, and converted flexible packaging, but operates at dramatically larger scale with broader end-market exposure.
• tesa SE: Beiersdorf-owned global manufacturer of adhesive tapes and self-adhesive product solutions. Overlaps with Bagla's adhesive tape business, particularly in industrial and packaging tapes, but is significantly larger and more diversified across automotive, electronics, and construction end-markets.

Direct peers

• Uflex Limited: India's largest flexible packaging company, manufacturing BOPP films, polyester films, laminates, and packaging products. Direct competitor in BOPP films, laminates, and converted flexible packaging with overlapping customer base in FMCG and food packaging across India and global markets.
• Intertape Polymer Group: North American manufacturer of packaging tapes, films, and protective packaging products. Direct peer in adhesive carton-sealing tapes and stretch/shrink films, with similar B2B sales model serving industrial, e-commerce, and food packaging customers.
• Jindal Poly Films Limited: Indian BOPET and BOPP film manufacturer serving packaging, labeling, and industrial applications. Comparable product portfolio in flexible packaging films with similar customer segments in FMCG, food, and consumer goods packaging across India and international markets.
• Cosmo Films Limited: Indian manufacturer of BOPP films, CPP films, and specialty films for packaging, labeling, and lamination applications. Direct peer in BOPP and packaging film manufacturing, with comparable scale, BSE/NSE listing, and global customer base in FMCG packaging.
• Winpak Ltd. North American manufacturer of high-quality packaging materials including flexible films, rigid containers, and lidding. Direct peer in specialty barrier films and flexible packaging for food, beverage, and healthcare applications, with comparable product technology and B2B customer focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 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 Hindustan Adhesives Ltd.