Bai-Kakaji Polymers

What Bai-Kakaji Polymers does

Bai-Kakaji Polymers Limited is an Indian manufacturer of PET preforms and plastic closures headquartered in Latur, Maharashtra, founded in 2013 by Pramod Mundada and Balkishan Mundada. The company's core products are PET preforms (Alaska, PCO 1881, PCO 1810, ROPP, 26/22 short-neck, wide-mouth, 5L/20L jar) and HDPE closures (Alaska caps, CSD 1881, CSD 26/22, PP caps, bubble-top/BT caps), supplied to beverage, FMCG, dairy, edible-oil, lubricant, and pharmaceutical packers. It is publicly listed on the BSE SME platform following a December 2025 IPO.

Operations span four Latur MIDC facilities, equipped with 11 SACMI compression molding lines, 7 Husky injection molding machines, and 11 ASB (Nissei) injection molding lines, providing annual capacity of approximately 600 crore closures and 24,000 MT of PET preforms. Core technology is industrial polymer processing — the company pioneered India's lightweight Alaska neck preforms at 1.5gm (2012), 1.3gm (2016), and 1.2gm (2020), reducing plastic use by up to 30%. Quality systems are certified to ISO 9001:2005, ISO 22000, and FSSC 22000, with in-house laboratory testing and an R&D division focused on anti-counterfeit closures, UV-resistant caps, tamper-evident features, and biodegradable / rPET polymers via a NexPET production setup.

The revenue model is B2B direct sales of packaging components to large enterprise customers, priced per-unit via custom quotes based on weight, neck type, volume, and contract terms — no public price list is disclosed. The company sells primarily through a direct field-sales motion to major brands including Reliance, Tata, Patanjali, ITC, Parle Agro, JSW Group, Carlsberg, Kingfisher, Campa Cola, Big Cola, Chitale, and IRCTC, supplemented by regional distribution partners (notably Royals Trade Link Agencies in Kerala since 2014) for tier-2/3 regional bottlers. FY26 revenue was ₹365 crore (~12.1% YoY), with PAT of ₹26.98 crore (+48.5% YoY), and management is targeting ₹1,000 crore by FY29 (16.4% CAGR) underpinned by a ₹100 crore capex plan into flexible packaging. The company is family-controlled (Mundada family) and recently incorporated wholly owned subsidiary Mundada Polymers.

Name

Bai-Kakaji Polymers

Legal name

Bai-kakaji Polymers Limited

Website

https://baikakajipolymers.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Bai-Kakaji Polymers manufactures PET preforms and plastic closures — including Alaska, CSD, and bubble-top caps — across four Latur, Maharashtra facilities, supplying beverage, FMCG, dairy, and pharmaceutical companies pan-India.

Ownership category

akta.pro rank

Product category

Plastic Packaging Manufacturing

NAICS

All Other Plastics Product Manufacturing (326199)

SIC

Miscellaneous Plastics Products (3080)

akta.pro primary industry

PET Bottles & Preforms (IMALAAAA)

Keywords

• PET preform manufacturing
• Plastic closures production
• HDPE bottle caps
• Injection molding packaging
• CSD beverage closures

Headquarters

HQ city

Latur

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. PET Preform Sales: Manufacturing and selling PET preforms for beverages, water, juices, dairy, edible oils, and pharmaceuticals. Products sold in various weights (8.2gm to 685gm) and neck types (PCO, Alaska, CSD, ROPP) to bottle manufacturers.
2. Plastic Closure Sales: Manufacturing and selling HDPE Alaska closures, CSD 1881 closures, PP caps for carbonated drinks, and HDPE short-neck caps 26/22. Production capacity of 400 million units of HDPE Alaska caps and 200 million units of PP caps annually.
3. Flexible Packaging: Company targets ₹100 crore capex plan focused on flexible packaging expansion as part of growth strategy toward ₹1,000 crore revenue target.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Bai-Kakaji Polymers manufactures and sells PET preforms (Alaska, PCO 1881, PCO 1810, CSD/Juice, ROPP, 26/22 short-neck, 32mm dairy, 120mm wide-mouth, and 5L/20L jar variants ranging from 1.2gm to 685gm) and plastic closures (HDPE Alaska closures, CSD 26/22 caps, CSD 1881 caps, HDPE short-neck caps 26/22, BT caps) for beverage, FMCG, dairy, pharmaceutical, and oil/lubricant manufacturers. Production is carried out across four Latur, Maharashtra facilities using SACMI compression molding and Husky/ASB injection molding lines, with an expanding flexible packaging offering.

Product overview

Bai-Kakaji Polymers is a PET preform and plastic closure manufacturer established in 2013 in Latur, Maharashtra, India. The company's product portfolio centers on three core product lines: (1) PET Preforms in multiple variants (Alaska, 26/22 Short Neck, PCO 1881, PCO 1810, CSD/Juice, ROPP, Dairy, Wide Mouth, and Jar preforms) used for packaging water, beverages, dairy, oils, pharmaceuticals, and FMCG products; (2) Plastic Closures including Alaska closures, CSD caps, HDPE Short Neck Caps 26/22, and CSD 1881 caps; and (3) Flexible Packaging as a growing addition. The company operates four manufacturing facilities in Latur with 11 SACMI lines, 7 Husky machines, and 11 ASB lines, producing 600 crore closures annually and 24,000 MT of PET preforms per year. Products are supplied pan-India to major brands including Reliance, Tata, Patanjali, and others.

Differentiator

Problem solved

Functional benefit

Products and services

• PET Preforms Injection-molded PET preforms serving as the starting point for manufacturing plastic bottles and containers, available in Alaska (27mm), 26/22 short-neck for water, PCO 1881 (28mm), PCO 1810 (27mm), CSD/Juice short-neck, ROPP (25/27mm), 32mm dairy, 120mm wide-mouth, and 5L/20L jar variants ranging from 1.2gm to 685gm. Used by bottlers and packaging manufacturers across water, carbonated drinks, juices, hot-fill, dairy, edible oils, FMCG, mineral water, soda, energy drinks, syrups, lubricants, and pharmaceuticals.
• Alaska Closures HDPE Alaska closures for water bottle packaging, produced using SACMI compression molding and ASB injection molding lines. Bai-Kakaji pioneered lightweight Alaska neck preforms achieving weights as low as 1.2gm, and produces 600 crore closures annually at its Latur facilities.
• CSD 26/22 Caps and Closures Carbonated Soft Drink (CSD) closures and caps conforming to industry standards (26/22 short-neck format) for sealing carbonated beverage bottles, produced using SACMI compression molding for flash-free, leak-proof quality.
• HDPE Short Neck Caps 26/22 High-density polyethylene short-neck caps designed for 26/22mm neck bottles used in water and beverage packaging applications, with annual production capacity of 400 million HDPE Alaska cap units.
• CSD 1881 Caps Carbonated Soft Drink caps conforming to the PCO 1881 standard for carbonated beverage packaging, with annual production capacity of 200 million PP cap units.
• BT Caps Bottle tear (BT) caps for various packaging applications, manufactured as part of the company's plastic closures range at its Latur facilities.
• 5L & 20L Jar Preforms Large-volume PET preforms for 5-litre and 20-litre jar applications, with the 685gm preform used for 20L jars and the 84gm preform used for 5L jars.
• Wide Mouth Preforms PET preforms with a 120mm wide-mouth neck diameter, available in 57gm and 64gm weights for large-opening container applications.
• Flexible Packaging Flexible packaging solutions targeted as part of the company's Rs 100 crore capex plan focused on expanding flexible packaging capabilities as a growth area beyond PET preforms and closures.

Quantifiable outcome

• Reduced plastic use by up to 30% through lightweight cap technology
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Royals Trade Link AgenciescoreChannel Partner/ Reseller/ Distributor · 1 January 2014Regional distribution partner based in Kerala, representing Bai-Kakaji Polymers since 2014. Partnership extends market reach to smaller manufacturers and regional brands in Kerala region, providing local sales and support services.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Berry Global Group: Global manufacturer of plastic packaging products including PET containers, closures, and preforms. Represents the large-scale incumbent reference point for rigid plastic packaging competition.
• EPL Limited: Large Indian-headquartered specialty packaging company offering tubes and broader packaging solutions globally. A broader incumbent in the Indian packaging landscape with overlapping FMCG customer accounts.
• Huhtamaki India: Indian subsidiary of global food and consumer packaging company offering rigid plastics and flexible packaging. Overlaps with Bai-Kakaji in rigid plastic closures and preforms for foodservice and FMCG.
• Amcor plc: Global rigid and flexible packaging producer with PET preform and closure products serving beverage and FMCG brands. Sets the global benchmark for scale, sustainability (rPET), and quality that Bai-Kakaji competes against for multinational brand contracts.

Direct peers

• Time Technoplast Limited: Indian polymer packaging products company offering rigid plastic packaging, drums, and closures alongside other polymer products. Overlaps with Bai-Kakaji in PET preforms and HDPE closures for industrial and FMCG applications.
• Mold-Tek Packaging Limited: Indian manufacturer of rigid plastic packaging including PET preforms, caps, closures, and containers for FMCG, food, and beverage customers. Direct competitor across Bai-Kakaji's core product lines.
• Manjushree Technopack: India's largest PET preform and rigid plastic packaging manufacturer, serving beverage, FMCG, and personal-care brands. Direct competitor to Bai-Kakaji in PET preforms and closures in the Indian market.
• Hitech Corporation Limited: Indian PET preform and plastic packaging manufacturer serving beverage and FMCG customers. Competes with Bai-Kakaji on injection molding capacity and lightweighting technology in PET preforms and closures.
• Kanpur Plastipack Limited: Indian manufacturer of rigid plastic packaging including PET preforms, containers, and packaging products. Competes for FMCG and industrial packaging volume in the Indian market.

Emerging players

• Oricon Enterprises Limited: Indian PET preform and packaging company serving beverage and FMCG customers. Smaller-scale emerging player competing with Bai-Kakaji for volume in the domestic Indian PET preform market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/baikakajipolymers
• Facebookfacebook.com/baikakajipolymers
• LinkedInlinkedin.com/company/bai-kakaji-polymers-private-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Bai-Kakaji Polymers