Malu Paper Mills

What Malu Paper Mills does

Malu Paper Mills Ltd. (MPML) is a Central India-based recycled paper manufacturer founded in 1996 by first-generation entrepreneurs from the Malu family and listed on NSE and BSE since 2006. The company operates three paper machines across 140 acres near Nagpur, producing 90,000 TPA of kraft paper (MG Kraft at 60 tons/day and MF Kraft at 190 tons/day) and 50,000 TPA of newsprint and writing-printing paper (150 tons/day and 200 tons/day respectively on PM3). Its process is built on a fully recycled-fiber base using waste paper as primary raw material, advanced de-inking, drum pulper technology, soft-nip calendars, and a 6 MW captive co-generation power plant, with PM3 able to swing between newsprint and writing-printing grades.

The business is B2B and serves enterprise buyers across e-commerce packaging (Amazon, Flipkart, Snapdeal, Myntra), pharmaceutical and FMCG packaging that requires odor-free kraft, the corrugation industry (fluting medium and liner), print media houses, and educational-stationery manufacturers. Go-to-market is direct enterprise sales domestically complemented by export channels reaching China, Europe, Asia, Africa, Central America, and South America; three nearby Inland Container Depots underpin cost-efficient import/export logistics. Pricing is quotation-based by GSM, grade, and order volume, with multi-year B2B contracts; revenue is one-time per shipment rather than subscription.

FY 2019-20 total income stood at Rs. 22741.60 Lakhs (down from Rs. 27553.63 Lakhs in FY 2018-19), with PAT of Rs. 66.01 Lakhs representing a 91% decline year-over-year. Headcount stood at 199 employees as of March 2020. Leadership remains with founders Punamchand Malu (Executive Managing Director & CEO) and Banwarilal Malu (Executive Joint Managing Director), supported by an independent-director board, a Company Secretary, and Link Intime as Registrar.

Name

Malu Paper Mills

Legal name

Malu Paper Mills Ltd.

Website

https://malupaper.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Malu Paper Mills is a Central India-based, NSE/BSE-listed recycled paper manufacturer producing kraft, newsprint, and writing-printing paper for e-commerce, pharma, FMCG, corrugation, and print-media customers in India and overseas.

Ownership category

akta.pro rank

NAICS

Paper Mills (32212), Pulp, Paper, and Paperboard Mills (3221)

SIC

Paper Mills (2621), Paperboard Mills (2631)

akta.pro primary industry

Recycled Printing/Writing & Specialty Paper Manufacturing (IMAMAEAH)

akta.pro secondary industries

Recycled Specialty Paper (Filter, Release, Construction, Technical) (IMAMAKAK), Recycled Containerboard (Testliner) Manufacturing (IMAMAFAB)

Keywords

• Recycled paper manufacturing
• Kraft paper production
• Newsprint paper manufacturing
• Writing printing paper
• Industrial packaging paper

Headquarters

HQ city

Nagpur

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, Technology or R&D, Marketing or Sales

Revenue model

1. Kraft Paper Sales: Manufacture and sale of MG Kraft and MF Kraft paper products. MG Kraft (45-100 GSM) used for grocery bags, shopping bags, envelopes; MF Kraft (120-200 GSM) used in corrugation industry as fluting medium and liner. Production capacity: 90,000 TPA combined.
2. Newsprint & Writing Printing Paper Sales: Production and sale of Newsprint (45 GSM, 150 tons/day) and Writing Printing Paper (45-90 GSM, 200 tons/day, brightness up to 88%). Total capacity: 50,000 TPA. Sold to print media houses, educational institutions, and for notebook manufacturing.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Malu Paper Mills manufactures recycled paper-based products including MG Kraft paper (60 tons/day), MF Kraft paper (190 tons/day), Newsprint (150 tons/day), and Writing Printing Paper (200 tons/day) across three plants near Nagpur. The products serve B2B customers in e-commerce packaging, pharmaceutical packaging, FMCG, corrugation, print media, and education sectors, with both domestic and export sales channels.

Product overview

Malu Paper Mills is a recycled paper-based manufacturer operating three paper machines. MG Kraft (PM1) produces 60 tons/day of Machine Glazed Kraft paper (GSM 45-100) for pharma, food, and bag applications. MF Kraft (PM2) produces 190 tons/day of Multi-Faced Kraft paper (GSM 120-200) for corrugation and packaging. Newsprint (PM3) produces 150 tons/day of recycled newsprint for print media and exports. Writing Printing Paper (PM3) produces 200 tons/day of Maplitho paper (GSM 45-90, brightness 88%) for notebooks and publications. The company operates swing capacity to switch between Newsprint and Writing Paper production. Total annual capacity is 90,000 TPA of Kraft Paper and 50,000 TPA of Newsprint/Writing Printing Paper across 3 plants spanning 140 acres near Nagpur.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 90,000 TPA combined kraft paper production capacity across 3 plants
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• JK Paper: Leading Indian paper manufacturer with portfolios in printing, writing, packaging and specialty paper. Comparable scale and product breadth, competing with MPML in office/stationery paper and packaging-grade kraft paper.
• Century Pulp & Paper: Indian paper manufacturer producing writing, printing and packaging paper, including recycled grades. Operates in the same customer segments (print media, stationery, packaging) with overlapping product portfolios.
• Seshasayee Paper and Boards: Indian paper manufacturer producing writing, printing and packaging paper. Directly comparable in product mix, domestic B2B customers and exposure to Indian print media and packaging demand.
• Tamil Nadu Newsprint and Papers (TNPL): India's largest bagasse-based paper manufacturer producing printing, writing and packaging paper. Directly comparable as a domestic Indian paper mill serving print media, stationery and packaging end-markets with similar B2B sales motion.
• Emami Paper Mills: Indian recycled-paper-based manufacturer producing newsprint and packaging board. Comparable as a recycled-fiber mill with newsprint and packaging exposure, directly overlapping MPML's PM3 and kraft paper product lines.
• West Coast Paper Mills: Listed Indian paper manufacturer producing writing, printing and packaging paper from both virgin and recycled fiber. Comparable in product mix (printing/writing paper, packaging grades) and B2B customer overlap with Indian print media, notebook and corrugation customers.
• Andhra Paper (formerly IP India / APPM): Indian paper manufacturer producing writing, printing and specialty paper. Comparable in product categories (WPP, printing paper) and in serving Indian stationery and publication customers.

Broad incumbents

• International Paper (India operations): Global pulp and paper leader with presence in India via packaging and uncoated freesheet businesses. Operates broadly in the same paper manufacturing space with overlapping end-customers in packaging and printing.
• Mondi Group: Global packaging and paper group producing kraft paper and containerboard. Comparable in kraft paper production technology and packaging end-markets, though operating at significantly larger scale and geographic spread.
• Stora Enso: Global renewable packaging, biomaterials and paperboard manufacturer. Comparable in newsprint and packaging paper production, with overlap in printing/writing paper and kraft-based packaging substrates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/malu-paper-mills

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Malu Paper Mills