Safepack

What Safepack does

Safepack Industries Ltd. is a Pune-based, family-owned specialty packaging manufacturer founded in 1991, operating across two integrated verticals: anticorrosive Volatile Corrosion Inhibitor (VCI) packaging and technical multilayer flexible packaging laminates of paper, film, foil, and fabric. The company manufactures more than 500 products — including VCI papers, films, bags, aluminium laminates, emitters, desiccants, liquids, foam, tablets, and specialty biopolymer-coated substrates — under one roof from molecule synthesis to finished product, with custom width capability up to 4000mm. Its products are tested to MIL PRF, DEF, and BFSV standards and comply with ROHS, REACH, and TRGS, enabling acceptance across more than 45 countries.

The business serves industrial and consumer end-markets including metal mills (TATA Steel), automotive OEMs and component suppliers (Honda, Maruti Suzuki, Toyota, Hyundai), engineering and industrial equipment manufacturers (L&T, Cummins, ABB, SKF, Sulzer), pharmaceuticals (Cipla, Sanofi, Mankind), food and dairy, defense, paper mills, and oil and gas. Safepack supplies more than 10,000 customers globally through a B2B sales-led model with direct field sales across India, direct export sales to 45+ countries, and a web shop at safepack.shop for smaller orders; pricing is custom-quote-based with multi-year industrial contracts. The company has won the WPO World Star 2022 award and the WPO President's Bronze Award (the first Indian company to do so) for its Compostable VCI Film, reflecting an R&D-driven push into sustainable, biopolymer-based packaging alongside its established corrosion-prevention core.

Revenue is not publicly disclosed; the company is privately held by the Tapadia family with no external funding, employs 101–250 people, and is led by MD and CEO Rajendra Tapadia alongside Director of Finance Amitabha Mukhopadhyay (former Group CFO at Thermax and Tata AutoComp) and next-generation Director Anand Tapadia, who is spearheading digitalization toward Industry 4.0 practices.

Name

Safepack

Legal name

Safepack Industries Ltd.

Website

https://safepack.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Safepack is a Pune-based, family-owned manufacturer of corrosion-prevention VCI packaging and multilayer flexible laminates, serving metals, automotive, engineering, pharma, defense, and food customers across 45+ countries with 500+ products.

Ownership category

akta.pro rank

Product category

Industrial Packaging Materials

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Paper Bag and Coated and Treated Paper Manufacturing (322220), Plastics Bag and Pouch Manufacturing (326111)

SIC

Plastics, Foil & Coated Paper Bags (2673), Unsupported Plastics Film & Sheet (3081), Papers & Allied Products (2600)

akta.pro industry

PRIMARYIMALABAK

Flexibles for Hygiene & Medical (Sterile Barrier, Wound Care, Diaper Backsheets)

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

SECONDARYIMANAEAF

Protective & Cushioning Packaging (Bubble Wrap, Air Pillows, Foam-in-Bag) Manufacturing

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

SECONDARYIMALAFAC

Paper-Based Protective Packaging (Kraft Paper, Honeycomb, Molded Pulp)

Industrials, Manufacturing & Construction/Packaging & Containers/Protective & Transport Packaging (Foam, Dunnage, Pallets, Crates)

SECONDARYIMALAGAH

Hazardous Materials & UN-Certified Bulk Packaging

Industrials, Manufacturing & Construction/Packaging & Containers/Industrial Bulk Packaging (IBCs, FIBCs, Sacks, Bulk Bags)

SECONDARYIMALACAH

Protective Paper Packaging (Honeycomb, Paper Cushioning, Paper Wrap)

Industrials, Manufacturing & Construction/Packaging & Containers/Paper & Paperboard Packaging (Cartons, Corrugated, Folding Boxboard)

Keywords

• Corrosion prevention packaging
• VCI packaging solutions
• Multilayer laminates
• Industrial barrier packaging
• Sustainable packaging materials

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 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. VCI Packaging Products: Manufacturing and sale of anticorrosive VCI packaging solutions including papers, films, bags, emitting systems, liquids, and desiccants for corrosion prevention across multiple industries
2. Multilayer Flexible Packaging Laminates: Technical industrial laminates of paper-film-foil-fabric serving food, pharmaceutical, automotive, transport packaging, and industrial applications
3. Sustainable Packaging Solutions: Biodegradable and compostable packaging products including biopolymer coated papers/boards, compostable VCI films, and water-activated paper gum tape

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Safepack manufactures research-based VCI (Volatile Corrosion Inhibitor) packaging products and technical multilayer flexible packaging laminates (paper-film-foil-fabric). The company produces over 500 products including VCI papers, films, bags, aluminium laminates, emitting systems, oils, desiccants, and protective barrier laminates serving metal mills, automotive, engineering, electrical/electronics, defense, pharmaceutical, and food industries across 45+ countries.

Product overview

Safepack is a global market leader in corrosion prevention solutions manufacturing over 500 products across two core verticals: anticorrosive VCI (Volatile Corrosion Inhibitor) packaging and technical industrial laminates of paper-film-foil-fabric. The VCI product line includes papers, films, bags, aluminium laminates, emitting systems (emitters, desiccants, foam, tablets/powder), liquids (oils, aerosols), and stretch/shrink films. The multilayer packaging solutions include poly coated papers, PSA laminates (FSK, scrim reinforced films, silicone release liners), food packaging (ice cream, dairy, meat/poultry, pharmaceuticals), industrial laminates (thermal blanket, peelable kraft, angle board), and specialty products (crepe papers, SilverSafe anti-tarnish protection, biopolymer coatings). The company exports to 45+ countries and serves over 10,000 customers worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Safecompost: Truly compostable/fully biodegradable material comprising biopolymeric material coated onto paper/paperboard. Worldstar and Indiastar packaging award winner.
• SilverSafe
• Safefoil
• Safeweave
• SafeWrapper

Products and services

• VCI Packaging Solutions Complete range of Volatile Corrosion Inhibitor (VCI) packaging products that prevent rust and corrosion on metal parts during storage and transit. Includes papers, films, bags, emitting systems, liquids, and accessories for multi-metal protection. Used by metal mills, automotive OEMs, engineering, defense, and electrical/electronics manufacturers.
• Multilayer Flexible Packaging Laminates Technical industrial laminates combining paper, film, foil and fabric in multilayer structures. Includes poly coated papers, PSA laminates (FSK, scrim reinforced films, silicone release liners), food packaging laminates, pharmaceutical laminates, and transport packaging. Used across food, pharmaceutical, automotive, insulation, and industrial sectors.
• Safefoil Aluminium Triple Laminate

Quantifiable outcome

• VCI Foil Laminate provides 800% better protection than LDPE covers with 80 times lower WVTR
• +2 more outcomes

Named customers15 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Amcor plc: Global packaging giant with flexible, rigid, and specialty packaging portfolios serving healthcare, food, and industrial markets. Broad incumbent whose specialty films and barrier laminates overlap parts of Safepack's food/pharma packaging range.
• Uflex Limited: India's largest flexible packaging company producing films, laminates, and value-added packaging for FMCG, pharma, and industrial customers. Closest listed Indian incumbent across multilayer flexible packaging comparable to Safepack's laminate offering.
• Sealed Air Corporation: Global packaging company best known for protective packaging (Bubble Wrap, Instapak) and food packaging. Overlaps Safepack's VCI bubble wrap and protective packaging category but operates at vastly broader scale and product scope.
• Mondi Group: Global packaging incumbent operating across paper-based packaging, flexible packaging, and corrugated. Overlaps Safepack's paper-foil-film laminates and corrugated liners but as part of a much broader portfolio across FMCG and industrial customers.

Direct peers

• Cortec Corporation: US-based global leader in VCI corrosion prevention packaging with a comparable full-range portfolio of papers, films, bags, emitters, and liquids. Closest direct competitor to Safepack in the VCI packaging category across industrial customers worldwide.
• Rust-X (RostOff Technologies): India-based manufacturer of corrosion prevention and rust preventive products including VCI films, papers, oils, and emitters. Most direct Indian-headquartered peer, competing for the same domestic metals, automotive, and export accounts.
• Shenzhen SMD Technology (Shenzhen Shengyi VCI): China-based VCI packaging manufacturer offering papers, films, and bags for corrosion protection. Competes with Safepack on price in Asian electronics, automotive component, and metals export corridors.
• Branopac GmbH: German manufacturer of VCI corrosion protection packaging and industrial films, including the Branorost brand. Direct European-headquartered competitor serving automotive, metals, and machinery OEMs.
• Daubert Cromwell: Producer of VCI packaging products (Nox-Rust brand) including papers, films, and emitters for industrial corrosion protection. Directly overlaps Safepack's VCI product family across automotive, heavy equipment, and steel customers.
• Armor Protective Packaging: Manufacturer of VCI films, papers, and bags for metal corrosion protection serving automotive, aerospace, and metals OEMs. Direct head-to-head competitor particularly in Western export markets where Safepack is expanding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Safepack_Sol
• Facebookfacebook.com/safepackindustries

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Safepack