Deevyashakti

What Deevyashakti does

Deevyashakti India Private Limited is a privately held, family-owned diversified group headquartered in Hyderabad, operating across three business verticals: paper and packaging manufacturing, real estate development, and renewable power generation. The company was founded around 1980, with commercial paper production commencing in 2009 at its Unit Kondurg facility in Ranga Reddy District near Hyderabad, where it installed India's first multi-wire paper machine with an initial capacity of 75,000 MTPA — capacity that is being expanded to 156,000 MTPA by 2025. The paper business produces coated and uncoated duplex boards under the DIVPAK (glossy heavy-coat paperboard), DIVGLO (heavy-coated white backboard for pharma/FMCG packaging), and DIVBOX (high-stiffness grey-back performance packaging board) brands, using a four-layer sheet formation process with starch bonding and color coating built on recovered fiber. It serves pharmaceutical and FMCG packaging customers in 60+ countries via direct export sales, and holds FDA food-grade (21 CFR 176.170), RoHS, FSC Chain-of-Custody (FSC-C106778), SMETA, ISO 9001/14001/45001, and Indian Star Export House certifications.

In 2022 the group founded Deevyashakti Realty to enter luxury residential development in Hyderabad, launching the Marquise high-rise (40+ floors, 1.85 million sq. ft.) and the Amara premium residential project (450 units) in 2023. In 2024 it commissioned a 5 MW solar power plant under the Deevyashakti Power brand, with plans to scale to 20 MW by 2026. Revenue derives from three discrete streams: B2B paper product sales (quote-based, not publicly priced), real estate unit sales (Marquise, Amara), and solar power generation/hardware sales. The group is led by Managing Director Sushil Agarwal (founder-led since age 21) and Executive Director Keshav Agarwal (joined 2019; BBA, University of Michigan Ross; led ERP/digitalization), with 251-500 employees and no disclosed external funding, acquisitions, or revenue figures.

Name

Deevyashakti

Legal name

Deevyashakti India Private Limited

Website

https://deevyashakti.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

251–500 employees

Short description

Deevyashakti India Private Limited is a Hyderabad-based, family-owned diversified group manufacturing coated duplex paperboard for pharmaceutical and FMCG packaging across 60+ countries, with additional verticals in luxury residential real estate and solar power generation.

Ownership category

akta.pro rank

Product category

Paper and Packaging Manufacturing

NAICS

Converted Paper Product Manufacturing (3222)

SIC

Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670), Paper Mills (2621)

akta.pro primary industry

Colored, Art & Premium Paper Manufacturing (IMAMAEAG)

akta.pro secondary industries

Paper Converting Services (slitting, sheeting, coating, laminating, rewinding) (IMAMAHAJ), Paper & Paperboard Packaging Converting & Finishing (Die-Cutting, Gluing, Windowing, Coating) (IMALACAL), Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL)

Keywords

• Coated paper boards
• Duplex board manufacturing
• FMCG packaging paper
• Luxury real estate development
• Solar power generation

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Paper and Packaging Products: Manufacturing and sale of premium paper products including coated and uncoated duplex boards, DIVPAK, DIVGLO, and DIVBOX for pharmaceutical and FMCG packaging applications. Revenue generated through product sales to customers across 60+ countries.
2. Real Estate Development: Development and sale of premium residential and commercial projects including the Marquise luxury high-rise project (1,850,000 sq. ft.) and Amara (450-unit premium residential project) in Hyderabad.
3. Solar Power Generation: Generation and sale of solar power from 5 MW operational solar power plant with plans to expand to 20 MW capacity by 2026. Provides renewable energy to industries and communities.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Deevyashakti is a diversified conglomerate manufacturing coated and uncoated duplex paper boards (DIVPAK, DIVGLO, DIVBOX) on India's first multi-wire paper machine for pharmaceutical and FMCG packaging customers globally. The group also develops luxury and premium residential real estate projects in Hyderabad through Deevyashakti Realty (Marquise luxury high-rise and Amara 450-unit project), and operates a 5 MW solar power plant in the renewable power vertical. Paper and packaging forms the core business, exporting to 60+ countries with FDA, RoHS, FSC and ISO certifications.

Product overview

Deevyashakti is a diversified conglomerate operating across three primary business segments. In Paper and Packaging, the company produces three main product lines: DIVPAK (glossy heavy-coat paperboard for printability), DIVGLO (heavy-coated white backboard for pharmaceutical and FMCG packaging), and DIVBOX (performance packaging board for high-speed printing). In Real Estate, Deevyashakti Realty operates the Marquise luxury high-rise project (40+ floors, 1.85M sq. ft. in Kokapet, Hyderabad) and the Amara premium residential development (450 units). The Renewable Power segment operates a 5 MW solar plant with expansion planned to 20 MW by 2026. The company exports to 60+ countries and operates from manufacturing facilities near Hyderabad, Telangana.

Differentiator

Problem solved

Functional benefit

Brands

• DivPAK: Glossy, Heavy-Coat Paperboard designed for Optimal Printability. Combines gloss and smoothness to deliver exceptional printing results.
• DivGlo
• DivBOX
• Marquise
• Amara
• Deevyashakti Power

Products and services

• DIVPAK Glossy, heavy-coat paperboard designed for optimal printability, combining gloss and smoothness with balanced surface, bulk and stiffness properties for packaging converters. Targeted at FMCG and pharmaceutical packaging enterprises requiring compliant, high-quality print surfaces.
• DIVGLO Heavy-coated white backboard for superior printing, made from recycled material and suited for high-speed printing machines. Best suited for pharmaceutical and FMCG packaging applications, FDA food-grade certified (21 CFR 176.170) and RoHS-compliant.
• DIVBOX Performance packaging board built for high-speed printing, crafted from responsibly recovered fibres with a grey back. Scores exceptionally high in bulk and stiffness parameters, enabling enhanced carton strength for packaging converters.
• Marquise Luxury residential high-rise project at Kokapet, Hyderabad with 40+ floors of 4 and 5 BHK apartments offering panoramic lake views, world-class amenities and a 50,000 sq. ft. clubhouse. Targeted at high-net-worth individuals and families seeking premium living experiences.
• Amara 450-unit premium residential project in Hyderabad forming part of Deevyashakti Realty's luxury living portfolio. Targeted at premium home buyers seeking thoughtfully designed homes with sustainable practices and on-time delivery.
• Deevyashakti Power Solar Plant Operational 5 MW solar power generation facility providing clean, reliable energy to industries and communities, with plans to quadruple capacity to 20 MW by 2026. Generates renewable energy supply revenue while reducing the group's carbon footprint.

Quantifiable outcome

• 313,950 metric tons of CO2 emissions reduced per year through sustainable manufacturing
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MNCs and Institutions (Recycling Partners)supportingOthersCollaborating with multinational corporations, institutions, and universities to responsibly recycle paper, promoting sustainability while creating shared value. These partnerships support the company's circular economy initiatives and sustainable recycling practices.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• West Coast Paper Mills Limited: Indian paper and paperboard manufacturer producing printing, writing, and packaging paperboards. Closely comparable to Deevyashakti in coated/uncoated paperboard offerings and FMCG packaging end-markets, with similar geographic concentration in India.
• Tamil Nadu Newsprint and Papers Limited (TNPL): Major Indian paper manufacturer producing printing, writing, and packaging paperboards including coated boards. Comparable in scale and product mix to Deevyashakti, with similar B2B packaging customer base in India and export markets.
• JK Paper Limited: One of India's leading paper and paperboard manufacturers producing coated boards, packaging boards, and writing & printing papers. Most directly comparable Indian peer to Deevyashakti in paperboard manufacturing for packaging applications, with similar end-market exposure to FMCG and pharmaceutical packaging.
• Century Pulp & Paper (Century Textiles & Industries): Vertically integrated Indian pulp and paper producer making writing, printing, and packaging paperboards. Comparable in product range and end-customers to Deevyashakti, with established presence in Indian packaging board markets.
• Emami Paper Mills Limited: Indian paperboard manufacturer specializing in coated and specialty paperboards for packaging. Directly comparable in product focus (packaging paperboards), recycled-fiber usage, and end-market exposure to FMCG packaging customers.
• Andhra Paper Mills Limited: Indian paper manufacturer producing writing, printing, and packaging paperboards. Comparable peer in product portfolio and Indian manufacturing footprint, serving overlapping packaging and printing end-markets.

Broad incumbents

• Mondi Group: Global paper and packaging incumbent with leadership in containerboard and kraft paper. Provides benchmark for large-scale paperboard operations, sustainability credentials, and global export reach relevant to Deevyashakti's expansion ambitions.
• International Paper Company: World's largest pulp and paper producer with extensive paperboard and packaging operations. Relevant as a global incumbent benchmark for scale, certification standards, and multinational FMCG/pharma customer relationships that Deevyashakti serves.
• Smurfit Kappa Group: Global paper-based packaging leader with integrated paperboard manufacturing. Comparable in paperboard production technology and packaging end-market focus, representing a much larger incumbent benchmark.
• Sonoco Products Company: Global diversified packaging manufacturer with paperboard-based packaging products. Comparable as a broader incumbent serving FMCG and consumer goods packaging customers, relevant for understanding competitive dynamics in Deevyashakti's core markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Deevyashakti