What ITC-PSPD does

ITC Paperboards and Specialty Papers Division (ITC-PSPD) is a division of ITC Limited (BSE: ITC, NSE: ITC) and one of India's largest integrated manufacturers of paperboards, graphic boards, and specialty papers. The business operates four manufacturing units — Bhadrachalam (Telangana, described by the company as India's biggest paper mill), Tribeni (West Bengal), Bollaram (Telangana), and Kovai/Coimbatore (Tamil Nadu) — supported by FSC-certified captive plantations and a BCTMP unit. Its product portfolio spans coated virgin folding box boards (Carte Lumina, Safire Graphik, Cyber XLPac, Cyber Premium, Cyber Oak, Pearl XLPac, Cigarette Boards), specialty and graphic boards, décor papers for laminates, and a plastic-substitution product family branded Filo (FiloBowl, FiloTub, FiloPack, FiloBev, FiloServe) plus Sign-Up Green Board for indoor branding — built on proprietary barrier-coating technology with KIT values of 11–16 enabling compostable, recyclable alternatives to single-use plastic food-service packaging.

ITC-PSPD serves B2B customers across nine identified verticals: FMCG, pharmaceuticals, food and beverage, luxury and personal care, tobacco, publishing and cultural products, laminates and woodwork, apparel, and digital printing. Distribution is dealer-led across five geographic zones in India, anchored by five regional offices (Hyderabad, Bengaluru, Kolkata, Mumbai, New Delhi), two branch offices (Ahmedabad, Chennai), and a B2B dealer portal; direct enterprise sales is layered on top for key accounts. The company holds an unusually dense regulatory and sustainability certification stack — FSC, BRC Global Standard, AWS Platinum, CII GreenCo Platinum+, CPCB compostable certification, Din Certco, Flustix, FSSAI, AS 5810, and EUDR compliance — which is a structural prerequisite in food-contact, pharmaceutical, and EU-export packaging markets. Revenue mechanics are direct one-time sale of manufactured paperboard and paper tonnage; pricing is not publicly disclosed and prospective buyers are directed to enquiry channels. Digital touchpoints include the Papyra product/sample-request platform and a Convert It online technical calculator, but the core business remains an industrial paperboard operation with no disclosed AI/ML capabilities, no external funding (as a non-listed division of ITC Limited), and no M&A activity in the source data.

Name

ITC-PSPD

Legal name

ITC Limited

Website

https://itcpspd.com

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

ITC-PSPD is the paperboards and specialty papers division of ITC Limited, manufacturing coated folding box boards, graphic boards, décor papers, and Filo-series plastic-substitution packaging at four Indian mills — serving FMCG, pharma, F&B, luxury, tobacco, and laminate B2B customers via a nationwide dealer network.

Ownership category

akta.pro rank

Product category

Paperboard & Specialty Paper Manufacturing

NAICS

Paperboard Mills (32213), Paperboard Mills (322130), Pulp, Paper, and Paperboard Mills (3221), Folding Paperboard Box Manufacturing (322212), Paperboard Container Manufacturing (32221), Other Paperboard Container Manufacturing (322219)

SIC

Paperboard Mills (2631), Papers & Allied Products (2600), Paperboard Containers & Boxes (2650), Paper Mills (2621), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)

akta.pro primary industry

Specialty & Technical Paperboard (Barrier/Release/Greaseproof) Manufacturing (IMAMAFAK)

akta.pro secondary industries

White-Top Linerboard Manufacturing (IMAMAFAD), Liquid Packaging Board (LPB) Manufacturing (IMAMAFAI), Paper & Paperboard Packaging Converting & Finishing (Die-Cutting, Gluing, Windowing, Coating) (IMALACAL), Protective Paper Packaging (Honeycomb, Paper Cushioning, Paper Wrap) (IMALACAH), Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL)

Keywords

• Packaging paperboards
• Specialty papers
• Plastic substitution products
• Folding box boards
• Barrier coated paperboards

Headquarters

HQ city

Secunderabad

HQ country

India

HQ region

Asia

Offices12 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. Paper and Paperboard Sales: Manufacture and sale of packaging paperboards, specialty papers, graphic boards, and specialty papers to B2B customers across various industry segments.
2. Plastic Substitution Products: Sale of sustainable paper-based alternatives to single-use plastics including the Filo series (FiloServe, FiloBev, FiloPack, FiloTub, FiloBowl) and other barrier coated products.
3. Specialty Papers: Manufacture and sale of niche specialty papers including décor papers for laminates, communication papers, packaging papers, and technical/niche application papers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

ITC-PSPD manufactures and sells packaging paperboards, graphic boards, specialty papers, and plastic substitution paperboard products to B2B customers. Its portfolio spans Folding Box Boards (Carte Lumina, Safire Graphik, Cyber XLPac, Cyber Premium, Cyber Oak, Cigarette Boards, Pearl XLPac), specialty papers (Decor Papers, Communication, Packaging, Niche), and the Filo series of barrier-coated paperboards designed to replace single-use plastics in food service and delivery applications.

Product overview

ITC Paperboards and Specialty Papers Division (ITC-PSPD) is a leading manufacturer of paper-based packaging and specialty papers. The portfolio includes four main product categories: Paperboards (including Coated Virgin Boards such as Carte Lumina, Safire Graphik, Cyber XLPac, Cyber Premium, Cigarette Boards, and Cyber Oak), Specialty and Graphic Boards (including PE Coated Barrier Boards, Graphic Boards, Cupstock Base, Liner Boards, and Liquid Packaging Boards), Papers (including Communication papers, Packaging papers, Niche Application papers, and Decor Papers), and Plastic Substitution Products (the Filo series including FiloBowl, FiloTub, FiloPack, FiloBev, and FiloServe, plus Sign-Up Green Board for indoor branding). ITC-PSPD operates through a digital platform called Papyra that provides access to product information and sample request functionality.

Differentiator

Problem solved

Functional benefit

Brands

• Cyber Oak: High-quality brownback Folding Box Board (FBB) made from virgin fibres for luxury packaging
• Filo series
• FiloBowl
• FiloTub
• FiloPack
• FiloBev
• FiloServe
• Carte Lumina
• Safire Graphik
• Cyber XLPac
• Pearl XLPac
• Cyber Premium
• Cigarette Boards
• Sign-Up Green Board
• Decor Papers

Products and services

• Carte Lumina An avant-garde virgin fiber based paperboard designed for luxury packaging, combining strength and stiffness with purity and aesthetics for high-end packaging applications such as cosmetics, perfumes, and OTC products.
• Safire Graphik A Solid Bleached Sulphate (SBS) board with medium bulk and brilliant aesthetic properties, made from bleached chemical pulp with unique high-white shade for enhanced visual appeal in personal care packaging, cultural cards, and book covers.
• Cyber XLPac with back coat (GC1) A fully coated Folding Box Board (FBB) with superior mix of strength, print and conversion properties, featuring sustainably sourced virgin fiber that imparts good bulk and bending resistance.
• Cyber XLPac without back coat (GC2) A coated Folding Box Board (FBB) with manila back providing better strength and stiffness, offering excellent performance in printing and conversion process with high bulk for greater yield.
• Pearl XLPac A Folding Box Board (FBB) designed for optimum strength and printability with clear economic advantage, value packed for everyday packaging needs enabling easy upgradation from secondary-fiber based boards.
• Cyber Premium A Folding Box Board (FBB) designed with high bulk and bending stiffness, featuring a manila back (GC2) suitable for offset and flexo printing, combining high strength properties and aesthetics.
• Cigarette Boards Folding Box Boards (FBB) designed and made to very close tolerances especially for cigarette packaging requirements with superior smoothness levels for printing eight or more colors, in-line rotary die-cutting and embossing operations.
• Cyber Oak A high-quality brownback Folding Box Board (FBB) made from virgin fibres with coated white top-side enabling superior print reproduction and brown reverse-side offering natural organic look with strength and stiffness.
• FiloBowl Designed to replace single-use plastic and LDPE-coated paperboard bowls for food serving and delivery applications, featuring superior water, oil and grease resistant properties with KIT Value 16.
• FiloTub Designed to replace single-use plastic and LDPE-coated tubs and buckets for food serving applications, with oil and grease resistant properties and KIT value 12. Din Certco industrial compostable and recyclable certified.
• FiloPack Designed for food delivery industry and deep-freeze applications as replacement to single-use plastics, offering exceptional water, oil and grease resistance with KIT Value 16. Flustix Less Plastics certified (at least 99.24% free from plastic).
• FiloBev Designed to replace single-use plastic and LDPE-coated cups for serving beverages, with barrier coating providing excellent water resistant properties and home compostable (AS5810) under industrial conditions.
• FiloServe Designed for food serving applications like plates and trays as replacement to single-use plastics, with superior oil and grease resistant properties and KIT Value 11.
• Sign-Up Green Board A solid paperboard made from 100% virgin wood fibres designed for Indoor Advertising (POP/POSM) applications as a sustainable alternative to rigid plastics, compostable under industrial conditions.
• Decor Papers International quality Decor Papers for laminates including Antique White, Print Base, Surfacing, and Barrier Paper for furniture and surface decoration applications.
• Papyra Digital web application platform for accessing content relating to papers, paperboards and specialty papers marketed by ITC and facilitating placement of request for samples.

Segments9 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature14 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• JK Paper: JK Paper is one of India's largest integrated paper manufacturers producing packaging boards, specialty papers, and graphic boards. It is a direct peer to ITC-PSPD in the Indian folding boxboard and packaging paperboard market, competing for the same FMCG, pharma, and packaging customers.
• West Coast Paper Mills: West Coast Paper Mills is an Indian integrated paper and paperboard manufacturer producing printing, writing, and packaging paper. It is a direct competitor to ITC-PSPD in the Indian packaging paperboard and graphic board segments, with overlapping product portfolios and customer base.

Broad incumbents

• Stora Enso: Stora Enso is a leading global provider of renewable packaging, biomaterials, and paperboard, with significant folding boxboard capacity. It is a broad incumbent peer in the FBB and packaging board market, comparable to ITC-PSPD in product categories and customer segments.
• Smurfit Kappa: Smurfit Kappa is one of the world's largest integrated paper-based packaging manufacturers producing containerboard, corrugated packaging, and specialty papers. It is a broad incumbent peer in sustainable packaging solutions, increasingly relevant as both players target plastic substitution demand.
• UPM-Kymmene: UPM is a Finnish forest industry company producing label materials, communication papers, and specialty papers for packaging. It is a broad incumbent peer in specialty papers and paperboards, with comparable sustainability certification portfolios and customer focus.
• Mondi Group: Mondi is a global leader in sustainable packaging and paper, with a strong portfolio in kraft paper, containerboard, and specialty paperboards. It is a broad incumbent peer serving similar FMCG and industrial packaging end-markets that ITC-PSPD targets.
• International Paper: International Paper is one of the world's largest producers of pulp, paper, and packaging with significant presence across coated and specialty paperboards. It is a broad incumbent peer in the global paperboard market, increasingly targeting the Indian packaging market where ITC-PSPD operates.
• Sappi: Sappi is a global producer of coated woodfree paper, packaging board, and specialty papers with strong presence in graphic boards and folding boxboard. It is a broad incumbent peer competing with ITC-PSPD in specialty and graphic paperboard segments globally.

Regional players

• Century Pulp & Paper: Century Pulp & Paper is an Indian manufacturer of writing and printing paper and packaging boards, part of the Century Textiles group. It is a regional peer competing with ITC-PSPD in the Indian packaging paperboard and graphic board markets.

Emerging players

• Huhtamäki: Huhtamäki is a global specialist in food and consumer packaging, including paperboard-based foodservice and consumer goods packaging. It is an emerging direct competitor in plastic substitution paperboard products, overlapping with ITC-PSPD's Filo series in food service applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

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• Facebookfacebook.com/profile.php

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

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 ITC-PSPD