What Pyramid Technoplast does

Pyramid Technoplast Limited is an Indian industrial packaging manufacturer incorporated in 1997 and headquartered in Mumbai, Maharashtra. The company produces polymer-based bulk packaging containers — primarily HM-HDPE (High Molecular High-Density Polyethylene) drums, 1,000-litre Intermediate Bulk Containers (IBCs), and Mild Steel (MS) drums — across six manufacturing units located in Bharuch, Gujarat (GIDC) and Silvassa, Dadra and Nagar Haveli, with a seventh unit under construction. Its products are manufactured using blow molding and injection molding technologies, processed from imported Marlex HXM TR-571 HDPE granules, with the company maintaining 200-point micro wall thickness control as a quality differentiator. Total installed capacity is 25,677 MTPA across the three product lines.

The company serves more than 376 enterprise customers across chemical, agrochemical, pharmaceutical, food & beverage, petrochemical, and oil & gas end-markets, with named clients including Gujarat Alkalies and Chemicals, Deepak Nitrite, United Phosphorus, Patanjali Ayurved, Adani Wilmar, APAR Industries, Aarti Industries, Alkyl Amines Chemicals, Asian Paints, and JSW Group. Its commercial model is B2B direct sales with a "Request Quote" pricing structure that indicates negotiated, volume-based contracts. Distribution is supported by a 47-truck owned fleet enabling timely delivery. The company holds UN certification for hazardous material export, ISO certification of all units, FDA/FSMA compliance for food-grade applications, and an Ecovadis sustainability rating. It partners with Europe-based Obal Centrum Limited for end-of-life IBC recollection and reconditioning.

Pyramid Technoplast reported FY2022 turnover of ₹40,000 Lakhs (approximately ₹400 Crores), more than doubling from ₹20,000 Lakhs in FY2019 and quadrupling from ₹10,000 Lakhs in FY2014. The company has been listed on Indian stock exchanges (NSE and BSE) since 2023, when it converted from private to public limited status. Promoter control rests with the Agarwal family, with Bijaykumar Agarwal serving as Chairman and Managing Director, Jaiprakash Agarwal as Whole Time Director and CFO, and Madhu Agarwal as Whole Time Director.

Name

Pyramid Technoplast

Legal name

Pyramid Technoplast Limited

Website

https://pyramidtechnoplast.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Pyramid Technoplast is an Indian manufacturer of industrial bulk packaging — HM-HDPE polymer drums, 1,000-litre IBC containers, and MS drums — serving chemical, agrochemical, pharmaceutical, food, and oil & gas customers with 376+ enterprise accounts since 1997.

Ownership category

akta.pro rank

Product category

Industrial Packaging

NAICS

Boiler, Tank, and Shipping Container Manufacturing (3324), Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing (33243)

SIC

Metal Shipping Barrels, Drums, Kegs & Pails (3412)

akta.pro primary industry

Industrial & Chemical Rigid Plastic Packaging (Drums, Pails, Jerrycans) (IMALAAAG)

akta.pro secondary industries

Bulk Liners & Container Liners (Dry Bulk Liners) (IMALAGAE), Blow-Molded Drums, Barrels & IBC Components (IMANAGAE)

Keywords

• Industrial packaging containers
• Intermediate bulk containers
• HM-HDPE polymer drums
• Mild steel barrels
• Bulk packaging solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Polymer Drums Sales: Sale of HM-HDPE polymer-based drums (polymer drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for packaging requirements. Total installed capacity of 18,837 MTPA.
2. IBC Container Sales: Sale of Rigid Intermediate Bulk Containers (IBC) - industrial-grade containers for mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. Total installed capacity of 3,240 MTPA.
3. MS Drums Sales: Sale of Mild Steel (MS) drums used in packaging and transport of chemicals, agrochemicals and speciality chemicals. Total installed capacity of 3,600 MTPA.
4. IBC Recollect Service: After end-of-life use, collection of intermediate bulk containers for eco-friendly reconditioning through their Europe-based collection partner, Obal Centrum Limited, serving reconditioning operations globally.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Pyramid Technoplast manufactures and sells bulk industrial packaging containers, primarily HM-HDPE polymer drums, 1,000-litre Intermediate Bulk Containers (IBCs), and Mild Steel (MS) drums. Products are used by chemical, agrochemical, specialty chemical, pharmaceutical, food & beverage, oil & gas, and petrochemical companies for the storage, handling, and transportation of liquids, semi-solids, pastes, and solids across India and for export. Across three product categories (Polymer Drums 18,837 MTPA, IBC 3,240 MTPA, MS Drums 3,600 MTPA), the company operates six manufacturing units plus a seventh under construction, and supplements its offering with an IBC recollect and reconditioning service through European partner Obal Centrum.

Product overview

Pyramid Technoplast is an industrial packaging manufacturing company offering a comprehensive portfolio of bulk packaging solutions. The core offering consists of three main product lines: (1) IBC Containers (Intermediate Bulk Containers) with 1000-liter capacity available in wooden pallet, composite pallet, steel pallet, and plastic pallet variants; (2) HM-HDPE Plastic Barrels and drums ranging from 10L to 100L+ capacities including jerry cans, narrow mouth containers, and wide mouth containers; and (3) MS (Mild Steel) Barrels in 25L to 250L capacities available in various types including W-Bead, Regular Bead, GI, Open Top, Composite, Gooseneck Epoxy Coated, and Welded variants. The products serve diverse industries including oil and gas, chemical, petrochemicals, refineries, pharmaceuticals, food and beverage, and wine and distillery. All products are manufactured using blow molding and injection molding technologies at six strategically located manufacturing facilities in Bharuch (Gujarat) and Silvassa.

Differentiator

Problem solved

Functional benefit

Brands

• Pyramid: Brand name under which polymer drums, IBC containers, and MS drums are marketed and sold.

Products and services

• IBC Containers Intermediate Bulk Containers (IBCs) with 1,000-litre capacity, available with wooden, composite, steel, and plastic pallet options, for storage, transport, and handling of bulk liquids, semi-solids, pastes, and solids across oil & gas, chemical, petrochemical, pharmaceutical, food, and beverage industries.
• Plastic Barrels (HM-HDPE) High-density polyethylene (HM-HDPE) plastic drums and barrels ranging from 10L to 100L and higher, used for storing chemicals, pharmaceuticals, acids, food products, and various industrial materials. Includes jerry cans, narrow-mouth drums, wide-mouth drums, open-top drums, and full open-top drums.
• MS Barrels (Mild Steel) Mild steel and galvanized steel drums for robust storage and transport of chemicals, agrochemicals, and specialty chemicals, available in capacities from 25L to 250L and types including W-Bead Close Mouth, Regular Bead, W-Bead GI, W-Bead Open Top, Composite Barrels, Gooseneck Epoxy Coated, and Welded Barrels.
• Jerry Cans Square and straight-mouth HM-HDPE jerry cans in 20L, 25L, 30L, 35L, and 40L capacities, used to store and transport liquids in chemical, food, pharmaceutical, and agricultural applications.
• HM-HDPE Narrow Mouth Drums High molecular weight HDPE narrow-mouth drums in 200L, 210L, 235L, and 250L capacities for safe storage and transportation of liquids and semi-liquids.
• Full Open Top (FOT) Drums HM-HDPE full open-top drums in 60L, 210L, and 235L capacities designed for easy filling and access to contents.
• Wide Mouth Drums and Cans Wide-mouth containers and cans in 30L and 50L capacities offering easy access, filling, and dispensing of various products.
• Composite Barrels 18-gauge composite barrels combining a plastic interior with a metal exterior for enhanced durability and protection of contents.
• Narrow Mouth Containers Narrow-mouth containers in 50L and 100L capacities for secure storage and transport of liquids with minimal evaporation risk.
• IBC Recollect Service End-of-life collection and eco-friendly reconditioning service for Pyramid IBCs delivered through Europe-based partner Obal Centrum Limited, enabling customers to dispose of used IBCs for sustainable reconditioning across many countries worldwide.

Quantifiable outcome

• Revenue grew from ₹10,000 Lakhs (2014) to ₹20,000 Lakhs (2019) to ₹40,000 Lakhs (2022), demonstrating consistent growth trajectory
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Obal Centrum LimitedcoreStrategic or Co-development PartnerEurope-based collection partner serving for the reconditioning of intermediate bulk containers in many countries of the world. After end-of-life use of Pyramid Technoplast intermediate bulk containers, customers can dispose of the container for eco-friendly reconditioning through this partner. The partnership enables worldwide acceptance of Pyramid IBC design for collection and reprocessing services.
• Bigshare Services Pvt. LtdcoreOthersShare Registrar / Transfer Agent for the company. Handles share transfer, investor services, and regulatory compliance for share registry management. Located at Pinnacle Business Park, Andheri East, Mumbai.
• Anmol Monower Plastic Private LimitedminorOthersGroup company of Pyramid Technoplast. Associated entity in the plastic packaging industry.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Greif Inc: Global industrial packaging company with broad steel, plastic drum, and IBC product lines plus reconditioning. Overlaps with Pyramid's MS drum and IBC business but serves a much wider global customer base.
• Berry Global (Amcor Berry): Global plastic packaging giant with industrial container and drum offerings alongside consumer packaging. Broad incumbent rather than direct IBC/drum specialist, but competes for industrial packaging wallet share globally.
• Mauser Packaging Solutions: Global leader in industrial packaging including IBCs, steel and plastic drums, and reconditioning services. Comparable across IBC and drum product lines though it operates at far larger scale with worldwide footprint.
• SCHÜTZ Container Systems: Global market leader in IBC manufacturing with worldwide production and reconditioning network. Closest international incumbent to Pyramid's IBC business, with similar UN-certified, regulated-end-market focus.

Direct peers

• Time Technoplast: Leading Indian manufacturer of HM-HDPE drums, IBC containers, and technical polymer products. Direct competitor to Pyramid in polymer drums and IBCs serving chemical, pharma, and food customers across India.
• TPL Plastech: Indian polymer packaging company producing HM-HDPE drums, jerry cans, and containers for chemicals and industrial applications. Competes directly with Pyramid in the Indian polymer drum market.
• Shri Jagdamba Polymers: Manufacturer of HM-HDPE drums, barrels, and IBCs serving chemical, pharmaceutical, and food industries in India. Closely comparable product portfolio and end-market focus to Pyramid.
• Parekhplast India: Indian manufacturer of rigid plastic packaging including drums, jerry cans, and containers. Direct competitor to Pyramid in the Indian industrial plastic packaging segment.
• Sintex-BAPL Limited: Indian plastic products manufacturer producing containers, drums, and custom-molded plastic packaging for chemicals and industrial customers. Comparable product set and Indian industrial end-market exposure.

Regional players

• Hitech Plast Limited: Indian plastic packaging company serving automotive, industrial, and chemical customers with rigid containers and drums. Regional Indian peer with overlapping industrial packaging customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pyramid-technoplast-private-limited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Pyramid Technoplast