Rasik Products

What Rasik Products does

Rasik Products is an Indian specialty coating films manufacturer founded in 2001 and headquartered in Mathura, Uttar Pradesh. The company operates four manufacturing divisions covering hot stamping foils, holographic films, security base materials, gift wraps, sequins, and flexible packaging, with installed capacity spanning roughly 14,700 tonnes per annum of polymer and metallized films plus 20 million gift wrap rolls and 200 tonnes of sequins per month. It is one of only four to five companies globally with banknote foil manufacturing capability and the only Indian company with end-to-end in-house hologram production, including HRI holographic films and biodegradable holographic paper.

The underlying technology is rooted in proprietary coating chemistry, holographic embossing, and metallization processes rather than software or AI. Customers are concentrated in regulated security and premium branded packaging: India Security Press for Indian passports, ARAI for High Security Registration Plates, pharma majors such as Combiflam/Sanofi, and Indian garment exporters supplying global fashion brands including Gap, Macy's, H&M, JC Penney and Marks & Spencer. Exports reach Bangladesh, Dubai and Turkey.

The business model is B2B and sales-led, monetizing through contract manufacturing of specialty foils and films sold by weight, length, or piece. Revenue is anchored by long-cycle, qualification-gated security contracts (passports, HSRP, banknotes) that command premium pricing and high switching costs, supplemented by volume sales in decorative gift wraps, sequins, and flexible packaging for fashion and FMCG customers. The firm holds ISO 9001:2000 TUV certification and is privately held with no external funding disclosed.

Name

Rasik Products

Legal name

Rasik Products Private Limited

Website

https://rasikfoils.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Rasik Products is an Indian specialty coating films manufacturer producing hot stamping foils, holographic films, security foils, gift wraps, sequins, and flexible packaging for government security agencies, pharma firms, and global fashion brands.

Ownership category

akta.pro rank

Headquarters

HQ city

Mathura

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Graphic Grade Foils and Films: Sale of hot stamping foils, holographic films, metallic foils, and pigment foils for printing, packaging, and security applications. One-time product sales with customization options for different grades and applications.
2. Security Base Materials: Hologram base materials, tamper-evident films, HRI security films, and hologram scratch foils sold to hologram companies and security label manufacturers.
3. Flexible Packaging Materials: Laminated pouches, flexible packaging films, flexible plastic materials sold to packaging industry - manufacturing division Rasik Polyflexil converts 2500 tonnes annually.
4. Sequins and Fashion Embellishments: PVC-free, lead-free sequins films and textile embellishment products sold to garment export houses. Monthly capacity of 200 tonnes for PVC-free sequins.
5. Gift Wraps: Holographic and metallized gift wraps sold to wholesale and retail markets. Wrap connections division has capacity for 20 million consumer rolls annually.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Rasik Products Pvt. Ltd. is a specialty coating films manufacturer engaged in designing, manufacturing and marketing of graphic grade foils, chemically complex multi-layer transferable coatings, films, foils, and laminates. The company specializes in security base materials and packaging materials including hot stamping foils, holographic films, hologram base materials, custom holograms, gift wraps, PVC-free sequins, and flexible packaging materials, serving industries such as security printing, pharmaceuticals, tobacco, fashion, and premium branded goods.

Product overview

Rasik Products offers a comprehensive portfolio of specialty coating films and holographic solutions. The core product line includes Hot Stamping Foils & Holographic Films (metallic and HRI grades), Hologram Base Materials (embossing bases for hologram manufacturing), Custom Hologram Film (for brand protection and anti-counterfeiting), Gift Wraps (holographic and metallized BOPP gift wraps), Sequins Foil (PVC-free decorative foil for textiles), and Flexible Packaging Materials (laminated pouches, films, and rolls). The company operates through four manufacturing divisions: Rasik Polyflexil for flexible packaging (2500 tonnes/year), Rasik Products Private Limited for foils, films and hologram base materials (3000 tonnes metallized/holographic paper/boards, 2000 tonnes coated films/foils, 1200 tonnes spangle films per annum), Vaccuplast India for metallizing (6000 tonnes/year), and Wrap Connections for gift wraps (20 million consumer rolls per month). Products serve industries including tobacco, drinks, luxury goods, food, pharmaceuticals, consumer products, as well as security applications for tamper-proof packaging, passports, ID cards, and government documents.

Differentiator

Problem solved

Functional benefit

Brands

• Wrap connections: Gift wrap division of Rasik Group, manufacturers of metallized and holographic gift wraps in India
• Rasik Polyflexil
• Rasik Sequins

Products and services

• Hot Stamping Foils & Holographic Films Hot stamping foils for decoration and functional purposes including metallic foils (silver, gold, metallized colors), pigment foils, holographic hot stamping foils, and HRI (High Reflective Index) holographic foils. Available in grades REI, LS2, RS6, ROP, R777, RER, RV8, RBP, Crystal, CLP, RS7, PS8 for substrates including plastics, paper, glass, textiles, and UV lamination. Used for premium branded goods packaging and security applications.
• Hologram Base Materials Embossing base films for hologram manufacturing in aluminum and HRI finishes. Includes tamper evident foil (RP-9, RP-8 grades), non-tamper evident film, hot stamping foil, cold transfer strip hologram foil, HRI security film, hologram scratch foil, number plate security foil, and hologram tape tamper evident film. Sold to hologram companies and security label manufacturers.
• Custom Hologram Film Custom holographic film solutions for brand protection and anti-counterfeiting. Includes SH grade hot stamping foil with metallic and HRI coated finishes, hologram scratch foils, HRI films for lamination/patch/strip applications, and eco-friendly biodegradable holographic paper. Used for passports, ID cards, credit/debit cards, government documents, and pharmaceutical and cosmetic packaging.
• Gift Wraps Metallized and holographic gift wraps manufactured by Wrap Connections division. Range includes holographic and metallized paper gift wraps (eco-friendly), holographic and metallized BOPP gift wraps, plain printed gift wraps, and tissue paper gift wraps. Production capacity of 20 million rolls annually with customization options for width, length, thickness, design and packing.
• Sequins Foil PVC-free, lead-free, cadmium-free, and phthalate-free sequins foil rolls for textile embellishment. Certified by SGS, Intertek, and BV labs. Manufacturing capacity of 200 tons per month for chain sequins and loose sequins. Withstands temperatures up to 180°C. Supplies fashion garment export houses serving Gap, Macy's, JC Penny, H&M, and Marks and Spencer.
• Flexible Packaging Materials Flexible packaging films and materials manufactured by Rasik Polyflexil division including laminated pouches, flexible packaging films, flexible plastic material, printed rolls, and jumbo bags. Material constructions include PET/PE, BOPP/PE, PET/AL/PE with customization for zippers, Euro slots, windows, and valves. Up to 10-color printing via gravure, flexographic, or digital printing.

Quantifiable outcome

• 25+ years of industry experience and market leadership in India
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Uflex Limited: India's largest flexible packaging company with multi-billion revenue scale, overlapping with Rasik Polyflexil in flexible packaging films, laminates, and pouches for FMCG, food, and pharma.
• Polyplex Corporation Limited: Large Indian manufacturer of BOPET and BOPP films, overlapping with Rasik's film/foil portfolio in packaging and metallizing substrates with materially greater scale.
• Jindal Poly Films Limited: India's largest producer of BOPET and BOPP packaging films, comparable to Rasik in flexible packaging substrates and metallized films but operating at significantly larger scale.
• Essentra Packaging: Global specialty packaging and authentication solutions provider with security and brand protection offerings, an adjacent incumbent overlapping with Rasik's gift wrap, security, and decorative packaging portfolio.

Direct peers

• Optaglio s.r.o. Czech-headquartered producer of high-security holographic elements for ID documents, banknotes, and brand protection, comparable to Rasik's HRI and tamper-evident hologram offerings.
• Holostik India Limited: Indian manufacturer of holographic films, security labels, and anti-counterfeiting solutions, directly competing with Rasik in holographic base materials and security foils across pharma, FMCG, and government documentation.
• API Group (Applied Optical Technologies): Global manufacturer of holographic security foils and security substrates, directly comparable to Rasik's bank note and security foil franchise and competing for high-security government contracts.
• Spectra Systems Corporation: US-listed company providing authentication and banknote security materials, comparable to Rasik's bank note foil and security substrate capabilities for currency and government documents.
• K Laser Technology Inc. Taiwan-based global producer of holographic films and cold foil for security, packaging, and decorative applications, competing with Rasik's holographic and hot stamping foil lines in international markets.

Emerging players

• Cifo S.r.l. Italian manufacturer of holographic films and hot stamping foils, competing with Rasik in decorative and security film applications, particularly for European fashion and cosmetics packaging.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/rasikfoils
• LinkedInlinkedin.com/company/rasik-products-pvt-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 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 Rasik Products