What Montage does

Montage is an Indian flexible packaging manufacturer founded in 2002 and headquartered in Mumbai, operating five state-of-the-art production facilities across Noida, Haridwar, Malanpur, Silvassa, and Jammu. The company's manufacturing stack combines 10-color rotogravure printing, solvent and solvent-less lamination, extrusion lamination, electron beam (EB) coating, Cast & Cure decorative finishing, in-house metallization, and three-to-nine layer coextruded blown film lines. Its product portfolio spans laminated films, coextruded films, specialty laminates (EB coated, spot holographic, 3D/4D effect, high-barrier), and a patented specialty pouch family — box pouch, slider pouch, profile pouch, D-punch pouch, zipper-with-laser-cut-membrane pouch, linear tear pouch — plus FIBC jumbo bags for industrial bulk applications.

The business operates as a B2B enterprise manufacturer monetizing through direct, quote-based contracts with multinational corporations and regional market leaders, with revenue tied to specifications, volumes, and multi-year engagements. Pricing is custom rather than tiered; no standard list pricing is publicly disclosed. Customers span six verticals: food and beverage, pet food, pharmaceutical, personal and home care, agro products (coffee, tea), and tobacco — the last of which Montage identifies as a segment of unmatched success with multiple MNC relationships. The company employs 3,000+ staff across seven regions, maintains regional offices in Mumbai (corporate HQ) and Moscow, and reports an installed customer base exceeding 500 accounts worldwide. Annual turnover exceeds US $350 million, and operations are ISO 9001-2000 certified by DNV.

The company's value proposition rests on four pillars: shelf-life extension through 7-9 layer high-barrier coextruded films and 2-ply Met Poly substitution; anti-counterfeit protection via spot holography and laser-cut membrane technologies; consumer convenience through re-closable slider, zipper, and linear tear features; and sustainability via EB curing (no VOCs, instant drying) and reduced-material constructions. Registered intellectual property covers the Box Pouch, Profile Pouch, D Punch Pouch, and Slider Pouch designs, with three of these receiving IFCA innovation awards in 2013. The go-to-market motion is enterprise field sales supported by industry-association engagement (IFCA) and a product-detail website; no consumer marketing, app, or API channel is operated.

Name

Montage

Legal name

Montage

Website

https://montageind.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

251–500 employees

Short description

Montage is a Mumbai-headquartered Indian flexible packaging manufacturer founded in 2002, operating five production plants and generating over US $350 million in annual turnover. It supplies proprietary laminated films, specialty barrier laminates, and patented specialty pouches to food, beverage, pharmaceutical, tobacco, and personal care brands across 500+ global customers.

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)

SIC

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

akta.pro primary industry

Flexible Plastic Packaging (Bags, Pouches, Sachets) Manufacturing (IMANAEAC)

akta.pro secondary industries

Plastic Films & Laminated Packaging Structures Manufacturing (IMANAEAD), Multilayer Laminates & Composite Structures (Solvent/Water/Extrusion Laminated) (IMALABAD), Industrial & Heavy-Duty Flexible Packaging (Construction, Chemicals, Liners) (IMALABAJ)

Keywords

• Flexible packaging films
• Laminated packaging materials
• Specialty pouches and bags
• Barrier packaging solutions
• FIBC jumbo bags

Headquarters

HQ city

Bandra

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Flexible Packaging Products: Montage generates revenue through the manufacture and sale of flexible packaging solutions including laminated films, coextruded films, specialty pouches (box pouch, slider pouch, zipper pouch, profile pouch, D punch pouch, linear tear pouch), jumbo bags, and barrier laminates. The company serves multiple industry verticals including food, beverage, pet food, pharmaceutical, personal care, agro products, and tobacco. Annual turnover exceeds US $350 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Montage manufactures and sells flexible packaging products — including laminated films, coextruded films, EB coated laminates, high-barrier and effect laminates (Spot Hologram, 3D/4D Effect), specialty pouches (Box, Slider, Zipper with Laser Cut Membrane, Profile, Linear Tear, D-Punch), and FIBC/Jumbo Bags — primarily to FMCG, pharmaceutical, pet food, personal care, and tobacco customers. Its operation spans five Indian production units with ISO 9001-2000 certified quality systems, serving multinational brand owners and converters across South Asia and beyond.

Product overview

Montage is a flexible packaging company offering a comprehensive portfolio of packaging solutions including laminated films, coextruded films, and specialty laminates (EB coated, holographic, 3D/4D effect, and high barrier). The company also produces innovative pouch products such as Box Pouch, Slider Pouch, Zipper with Laser Cut Membrane, Profile Pouch, Linear Tear Pouch, and D Punch Pouch, along with industrial Jumbo Bags. These products serve diverse market segments including Food & Beverage, Pet Food, Pharmaceutical, and Personal & Home Care packaging.

Differentiator

Problem solved

Functional benefit

Products and services

• Laminated Films Multi-layer laminated packaging films used by FMCG, pharma, and consumer-goods brand owners for primary and secondary packaging.
• Coextruded Films Multilayer coextruded films for flexible packaging applications requiring combined barrier and mechanical properties, supplied to FMCG and industrial converters.
• EB Coated Laminate Electron-beam (EB) coated laminate for high-barrier and surface-property packaging needs, typically used by brand owners seeking enhanced performance over standard laminates.
• Spot Hologram Spot-hologram laminate used on packaging to provide localized eye-catching and authentication visual effects for FMCG and consumer-goods brands.
• 3D/4D Effect Laminate 3D/4D effect laminate that creates depth and motion-style visual effects on packaging, used for premium brand-differentiation requirements.
• High Barrier Laminate High-barrier laminate for products requiring extended shelf life or protection against moisture, oxygen, and aroma loss, such as food, pharma, and pet food applications.
• Box Pouch Box-shaped stand-up or shaped pouch used for retail food and consumer-product packaging requiring brick-style or carton-like presentation.
• Slider Pouch Resealable slider-closure pouch sold to consumer-goods brands for packaging requiring repeat-opening convenience.
• Zipper with Laser Cut Membrane Zipper pouch incorporating a laser-cut membrane for tamper evidence or controlled opening, sold to brand owners wanting differentiated reseal features.
• Profile Pouch Custom-contour (profile) pouch allowing brands to specify shaped packaging, used for differentiated retail pack presentation.
• Linear Tear Pouch Linear-tear pouch with a pre-engineered tear direction for clean, straight opening, used for controlled consumer opening experience.
• D Punch Pouch D-punch handled pouch offering an integrated carrying handle, used for larger retail pack sizes needing portability.
• Jumbo Bags FIBC / jumbo bags for industrial bulk-packaging of powders, granules, and raw materials across non-consumer industrial customers.

Quantifiable outcome

• Extended shelf life with 7-9 layer co-extruded film technology
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Berry Global Group: Large global plastic packaging manufacturer with significant flexible films and pouches business. Competes with Montage across food, personal care, and industrial packaging end-markets as a diversified incumbent.
• Constantia Flexibles: Austrian-headquartered global flexible packaging group with pharma and food verticals. Comparable product range (laminated films, lidding, pouches) and serves the same MNC customers Montage targets in tobacco-adjacent FMCG and pharma.
• Amcor: Global flexible and rigid packaging leader with extensive India and APAC presence. Competes with Montage in food, pharma, and personal care flexible packaging as part of a much broader global portfolio — established incumbent that pressures pricing.
• Sealed Air Corporation: Global packaging major (Cryovac, Bubble Wrap) with food and protective packaging overlap. A broad incumbent operating in adjacent packaging categories with overlapping customer base in food and FMCG.
• Mondi Group: European integrated packaging and paper group with flexible packaging (consumer flexibles) division. Comparable in laminated film and pouch capability serving FMCG and personal care — competes for MNC accounts.

Direct peers

• Uflex Limited: India's largest flexible packaging company and a direct competitor. Uflex manufactures multilayer films, laminates, and specialty pouches serving FMCG, pharma, and tobacco — directly overlapping Montage's product portfolio, customer verticals, and Indian manufacturing footprint.
• Jindal Poly Films: Major Indian manufacturer of BOPET, BOPP, and metallized films for flexible packaging. Competes with Montage in films and laminates, particularly in food and tobacco packaging segments.
• Huhtamaki India: Finnish-headquartered global flexible packaging major with significant Indian operations. Competes head-to-head with Montage in laminated films, pouches, and food/pharma packaging — comparable technology stack, customer verticals, and scale.
• Cosmo Films: Indian manufacturer of BOPP and specialty films used in flexible packaging. Competes with Montage in laminated films and packaging substrates, with overlapping FMCG and label customers in India and globally.

Emerging players

• Pactiv Evergreen: North American food and beverage packaging company. Provides adjacent flexible and food-service packaging rather than directly mirroring Montage's pouch portfolio, but competes for shared FMCG accounts and shows the emerging sustainability-driven packaging convergence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Montage