RMCL

What RMCL does

RMCL (Radha Madhav Corporation Ltd.) is an India-based flexible packaging manufacturer incorporated in 1994 and headquartered at the Daman Industrial Estate, operating across multi-material, multi-process production of barrier films, shrink films, laminates, collapsible tubes, blister packaging, specialty multi-layer barrier films, and converted products such as printed cartons, soap wrappers, BOPP tapes, and protective packaging. The company serves ten vertical end-markets — FMCG, pharmaceuticals, spices, dairy, food and breweries, chemicals, oil, sugar/salt/seeds, textiles, and glass/steel — and self-positions as an R&D-driven polymer and chemical packaging entity transitioning from pure manufacturer toward a packaging consultant model offering customized solutions. The underlying technology stack centers on polymer extrusion, coextrusion, PVDC/metallization coating, lamination, flexographic and offset printing, thermoforming, and ancillary protective-packaging converting, supplemented by services in packaging design, physical testing (FEA modeling, transport simulation, LCA), pre-press, and machinery systems integration via an alliance partner network. The business model is a direct, quote-based B2B sales motion to enterprise customers in India (predominantly domestic), with manufacturing revenue from physical product sales and a smaller professional-services revenue stream from design, testing, pre-press, and machinery integration work; the company is a public limited company in India under the Agrawal family leadership (Chairman Anil J. Agrawal, MD & CEO Mitesh Agrawal, Director Abhishek Agrawal, with a French Technical Director Lapointe Serge) and has been under NCLT-ordered Corporate Insolvency Resolution Process since 22 October 2020, which materially constrains its operating posture and growth capacity.

Name

RMCL

Legal name

Radha Madhav Corporation Ltd.

Website

https://rmclindia.co.in

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

RMCL (Radha Madhav Corporation Ltd.) is an India-based flexible packaging manufacturer (founded 1994, Daman) producing barrier films, laminates, shrink films, blister packs, and converted packaging across FMCG, pharma, food, dairy, chemical, and industrial verticals via direct B2B sales; the company has been under NCLT insolvency resolution since October 2020.

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), Plastics Packaging Materials and Unlaminated Film and Sheet Manufacturing (32611), All Other Plastics Product Manufacturing (326199)

SIC

Unsupported Plastics Film & Sheet (3081), Plastics Products, Nec (3089), Plastics, Foil & Coated Paper Bags (2673)

akta.pro industry

PRIMARYIMANAEAC

Flexible Plastic Packaging (Bags, Pouches, Sachets) Manufacturing

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

SECONDARYIMALABAK

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

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

SECONDARYIMALABAB

Polyester & Nylon Films (PET/BOPET, PA/BOPA)

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

SECONDARYIMALAAAF

Rigid Cosmetic & Personal Care Plastic Packaging (Jars, Bottles, Compacts)

Industrials, Manufacturing & Construction/Packaging & Containers/Rigid Plastic Packaging (Bottles, Jars, Tubs)

SECONDARYIMALABAG

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

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

SECONDARYIMALAJAE

Flexible Cosmetic Packaging (Pouches, Sachets, Stick Packs)

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

SECONDARYIMALAKAG

Flexible Packaging Printing (Film/Poly/Paper Print)

Industrials, Manufacturing & Construction/Packaging & Containers/Labels, Sleeves & Packaging Printing

SECONDARYIMALABAJ

Industrial & Heavy-Duty Flexible Packaging (Construction, Chemicals, Liners)

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

SECONDARYIMANAEAE

Plastic Trays, Clamshells & Blister Packaging Manufacturing

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

Keywords

• Flexible packaging materials
• Barrier films
• Pharmaceutical blister packaging
• Laminated packaging
• Industrial packaging solutions

Headquarters

HQ city

Daman

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. Flexible Packaging Products: Manufacture and sale of flexible packaging materials including barrier films, functional films, shrink films, laminates, and related packaging solutions for various industries.
2. Packaging Services: Provides packaging design services, packaging testing services, packaging machinery systems, and pre press services as value-added offerings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

RMCL manufactures and sells flexible packaging materials including barrier films, shrink films, extrusion-coated and printed laminates, pharmaceutical blister films, collapsible tubes, preformed pouches, BOPP tapes, PET-PP straps, and specialty films for industries such as FMCG, pharmaceuticals, food, dairy, chemicals, oil, textile, and glass/steel. The company also provides value-added services including packaging design, packaging testing, packaging machinery systems integration, and pre-press flexographic plate manufacturing.

Product overview

RMCL (Radha Madhav Corporation Ltd.) is a multi-material, multi-process, multi-product flexible packaging solutions provider based in India. The company's product portfolio spans across barrier films (MOPVC, MOPET, Polyolefin, Metallized, and PVDC-coated variants), laminated structures (extrusion coated and printed laminates), pharmaceutical blister materials (rigid PVC, cold formed, and PVDC coated), specialty films (5-layer and 3-layer barrier films, stretch films, shrink films), rigid and flexible containers (collapsible tubes, preformed pouches, jumbo bags, vacuum bags, liner bags), tape and strapping products (BOPP tapes, PET-PP straps), protective packaging (air bubble sheets, edge guards), and converted products (offset printed cartons, soap wrappers, hot foil stamping). RMCL also offers value-added services including packaging design, testing services (transport simulation, LCA analysis), packaging machinery systems integration, and pre-press services for flexographic printing plates. The company serves diverse industries including FMCG, pharmaceuticals, spices, dairy, food & breweries, chemicals, oil, sugar/salt/seeds, textile, and glass/steel sectors, positioning itself as a comprehensive packaging consultant rather than merely a manufacturer.

Differentiator

Problem solved

Functional benefit

Products and services

• MOPVC Shrink Films Multi-orientation PVC shrink films providing tight wrapping and tamper-evident seals for FMCG packaging applications.
• MOPET Shrink Films Multi-orientation PET shrink films offering high clarity and durability for FMCG industry packaging.
• Polyolefin Shrink Films Polyolefin-based shrink films suitable for food packaging with excellent seal strength and clarity.
• Extrusion Coated Laminates Multi-layer laminates produced through extrusion coating for enhanced barrier properties in packaging.
• Printed Laminated Packaging Custom-printed multi-layer laminated packaging materials for brand visibility and product protection.
• Collapsible Tubes (Lami Tubes) Flexible collapsible tubes for personal care, pharmaceutical, and food applications.
• 5-Layer Barrier Films Multi-layer barrier films providing superior oxygen and moisture barrier for extended shelf life in dairy, oil, and food packaging.
• 3-Layer Barrier Films Three-layer coextruded barrier films for dairy and food packaging applications.
• Dual Color 5-Layer Barrier Film Five-layer barrier films with dual-color printing capability for differentiated product packaging.
• Preformed Pouches Ready-formed flexible pouches for various packaging applications in food and FMCG industries.
• Offset Printed Cartons and Liner Cartons High-quality offset printed cartons and liner cartons for retail packaging.
• Soap Wrappers Specialized packaging wrappers for soap bars with custom printing options.
• Metallized Film Metal-coated films providing high barrier properties and attractive metallic appearance.
• Metallised Shrink Films Metal-coated shrink films combining barrier properties with shrinkability.
• BOPP Tapes Biaxially-oriented polypropylene tapes for sealing and bundling applications.
• PET-PP Straps Polyester and polypropylene strapping materials for industrial packaging and palletization.
• Air Bubble Sheets Protective air bubble sheets for cushioning and surface protection during transit.
• Paper Tubes Paper-based core tubes for winding and packaging applications.
• PVDC Coated PVC Blister Polyvinylidene chloride coated PVC films for pharmaceutical blister packaging.
• Cold Formed Blister Cold-formed aluminum blister packs for pharmaceutical packaging requiring maximum barrier protection.
• Rigid PVC for Blister Rigid polyvinyl chloride sheets specifically formulated for blister packaging applications.
• Surface Protection Film (Masking Film) Temporary surface protection films for glass, steel, and other surfaces during processing.
• PVDC Coated Laminates High-barrier laminates coated with polyvinylidene chloride for spices and food packaging.
• Vacuum Bags Specialized bags for vacuum packaging to preserve freshness and extend shelf life.
• Liner Bags Inner liner bags for bulk packaging of spices and granular products.
• PVC Thermoformed Sheets Thermoformable PVC sheets for food and chemical container manufacturing.
• Poly Poly Laminates Multi-layer poly-to-poly laminates for food and beverage packaging.
• Jumbo Bags Large-capacity flexible intermediate bulk containers for chemical and industrial packaging.
• PP Bags Woven polypropylene bags for textile and agricultural product packaging.
• BOPP Bags Biaxially-oriented polypropylene woven bags for premium packaging applications.
• Stretch Film Elastic stretch films for pallet wrapping and unitization in logistics.
• Edge Protectors Protective edge guards for glass and steel during storage and transportation.
• Thermal Lamination Film Heat-activated lamination films for document and packaging protection.
• Hot Foil Stamping Decorative hot foil stamping service for premium packaging appearance.
• Coated Films Films with specialized coatings for enhanced performance in food and brewery applications.
• PVC Twist Wrap Film Polyvinyl chloride films for twist wrapping confectionery and other products.
• BOPP Wrap and Twist Wrap Films Biaxially-oriented polypropylene films for wrapping and twist wrapping applications.
• PVC Calendar Sheets Flat PVC sheets produced through calendar process for various packaging needs.
• Lamination Films Films used for lamination to enhance strength and barrier properties of packaging.
• Packaging Design Services Comprehensive packaging design and development services across major market segments including wine, beverage, food, grocery, and retail.
• Packaging Testing Services Testing services including transport simulation, FEA modeling, compression testing, forensics analysis, and LCA analysis.
• Packaging Machinery Systems Supply and integration of packaging equipment including carton loading, case erecting, case packing, robotics, and palletization systems, delivered via alliance partners.
• Pre Press Services Graphic design and manufacture of flexographic printing plates for packaging production.

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Uflex Limited: India's largest flexible packaging company, offering films, laminates, pouches, and aseptic packaging with global operations. Closest large-scale peer to RMCL's flexible packaging business with significantly greater scale and an integrated films-to-converting value chain.
• Jindal Poly Films Limited: Large Indian producer of BOPET and BOPP packaging films with significant domestic and export presence. Overlaps with RMCL's film portfolio at greater scale and broader geographic reach.
• Huhtamaki India Limited: Subsidiary of Huhtamaki Oyj, manufacturing flexible packaging, laminates, and tubes for FMCG and food customers in India. Directly comparable products and customer verticals to RMCL.
• MTL Instruments (Huhtamaki Flexible Packaging): Flexible packaging division operations competing across FMCG and food verticals globally. Comparable in end-market exposure and laminated film capability to RMCL.

Regional players

• Manjushree Technopack Limited: Indian rigid plastic packaging manufacturer (bottles, containers, preforms). Adjacent rather than direct overlap with RMCL's flexible packaging, but competes for FMCG packaging wallet share in India.

Direct peers

• Paharpur 3P: Indian flexible packaging manufacturer serving FMCG, food, and personal care with films, laminates, and pouches. Closely comparable mid-size peer to RMCL across product format and customer verticals.
• Polyplex Corporation Limited: Manufacturer of polyester (BOPET) and polypropylene (BOPP) films with global operations, serving packaging and industrial applications. Comparable to RMCL's PET films and metallized film product lines.
• EPL Limited (formerly Essel Propack): Global leader in laminated and plastic tubes for oral care, personal care, and pharma. Directly comparable to RMCL's collapsible tube and lami tube product line.
• Cosmo Films Limited: Indian manufacturer of BOPP, BOPET, and specialty films for packaging, labeling, and lamination. Directly comparable to RMCL's film and lamination products, with overlapping FMCG and pharma customer bases.
• Balaji Polytech: Indian manufacturer of BOPP and PET films and laminates for packaging applications. Comparable film product portfolio and Indian-domestic customer focus.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

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 RMCL