What Mitsu Chem Plast does

Mitsu Chem Plast Limited is an Indian public company (BSE: 540078, NSE: MITSU) founded in 1990 and headquartered in Mumbai, specialising in plastic blow-moulding and injection-moulding for OEM customers across multiple industrial verticals. The company operates three manufacturing units in Maharashtra (Tarapur, Khalapur, and Boisar) with combined capacity exceeding 29,000 metric tonnes per annum, producing moulded industrial packaging (HDPE drums, jerry cans, pail containers, pharma and agrochemical bottles), healthcare furniture components (ABS panels with over 60% domestic market share, CE-certified spine boards, patented CPR boards, overbed tables), automotive components (washer tanks, rain hoods), and infrastructural furniture parts. The healthcare portfolio is sold under the Furnastra sub-brand and includes patented products such as the M4-Miyon Head and Foot Bow with CPR Board, while the MiEcoPET sub-brand addresses sustainability-conscious packaging with 30-60% recycled PET content.

The business model is a B2B OEM supplier model: revenue is generated through custom quotations, direct sales relationships, and trade-show engagement, with no public price list or retail channel. Pricing is quote-based and varies by order volume, specification, and customer. The company exports to more than 17 countries, with FY26 total income of Rs 3,508.46 million (approximately USD 42 million), a 5.38% year-on-year revenue increase, 115.40% net profit growth, and a Q4 FY26 EBITDA margin of 16.45% (up from 9.10%). Its customer base includes global medical equipment OEMs (Arjo Group), automotive suppliers (Tata Ficosa), scientific instrument manufacturers (Horiba), petrochemical majors (Deepak Fertilisers), and over 500 healthcare facilities served through Furnastra. Recent strategic moves include a February 2026 Global Supplier Agreement with Arjo Group, capacity additions in late 2025 and early 2026, and a planned Q2 FY27 entry into Intermediate Bulk Container manufacturing.

Name

Mitsu Chem Plast

Legal name

Mitsu Chem Plast Limited

Website

https://mitsuchem.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Mitsu Chem Plast is a Mumbai-based public Indian manufacturer founded in 1990 producing blow-moulded and injection-moulded polymer products, including industrial HDPE packaging, hospital furniture components, and automotive parts for OEM customers in chemicals, pharmaceuticals, healthcare, and automotive sectors across 17+ countries.

Ownership category

akta.pro rank

Product category

Plastic Packaging and Molded Components

NAICS

Plastics Product Manufacturing (3261), Plastics and Rubber Products Manufacturing (326), Medical Equipment and Supplies Manufacturing (33911)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Extrusion Blow-Molded Containers (HDPE/PET Bottles & Jugs) (IMANAGAA)

akta.pro secondary industries

Medical & Life Sciences Injection Molding (Devices, Diagnostics, Cleanroom) (IMANAFAC), Blow-Molded Drums, Barrels & IBC Components (IMANAGAE), Rigid Pharmaceutical & Healthcare Plastic Packaging (Pill Bottles, Vials, Med-Grade Jars) (IMALAAAE)

Keywords

• Blow molded packaging
• Injection molded plastics
• Hospital furniture parts
• Industrial HDPE containers
• Automotive plastic components

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Plastic Moulded Product Sales: Manufacture and sale of blow-moulded and injection-moulded polymer products across industrial packaging, healthcare furniture, infrastructural furniture, and automotive components. Revenue is generated through direct B2B OEM supply relationships and B2B sales to industrial customers. FY26 total income was Rs 3,508.46 million with strong profit growth driven by improved operating efficiencies and higher value-added products.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Mitsu Chem Plast manufactures blow-molded and injection-molded plastic products serving OEMs across healthcare, chemicals, pharmaceuticals, agrochemicals, automotive, and infrastructure sectors. Core product lines include HDPE industrial packaging (drums, jerry cans, containers from 100ml to 250 litres), hospital furniture plastic parts under the Furnastra sub-brand, eco-friendly PET containers under MiEcoPET, and automotive components. The company operates three manufacturing units in Maharashtra with combined capacity exceeding 29,000 MT per annum and exports to over 17 countries.

Product overview

Mitsu Chem Plast is a plastic manufacturing company established in 1990, specializing in blow molding, injection molding, and customized molding solutions. The company operates four main product verticals: Molded Industrial Packaging (HDPE containers, jerry cans, drums for chemicals, pharma, agrochemicals), Healthcare Furniture under the Furnastra brand (ABS panels, bed components, medical equipment parts), PET Containers under the MiEcoPET sub-brand (eco-friendly packaging), and Automotive Components. The company also announced entry into Intermediate Bulk Container (IBC) manufacturing. With three manufacturing units in Maharashtra and over 29,000 tonnes annual capacity, Mitsu serves OEMs across chemicals, pharmaceuticals, healthcare, and automotive sectors, exporting to over 17 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Furnastra: Hospital furniture parts sub-brand launched at Arab Health 2025, Dubai; offers high-quality, ergonomic, and durable solutions for modern healthcare environments including ABS panels, bed planks, headbows, footbows, overbed tables, and collapsible side railings.

Products and services

• Molded Industrial Packaging HDPE and plastic containers including pail containers, jerry cans, full open top drums, narrow mouth drums, wide mouth drums/jars, and small containers ranging from 100ml to 250 litres, serving industrial buyers in chemicals, pharmaceuticals, agrochemicals, and cosmetics sectors.
• Agro Chemicals Products HDPE and PET bottles and containers specifically designed for agrochemical, pesticide, and insecticide packaging. Includes various shapes (EURONECK, S.O., KISSAN, MONITOR, TRIANGULAR) and sizes from 12.5ml to 20L for agrochemical companies.
• Pharma Packaging Products Pharmaceutical plastic bottles and containers using advanced moulding technology for controlled environments requiring accuracy and security. Includes narrow mouth and wide mouth options for pharmaceutical manufacturers.
• Healthcare Plastic Parts (Furnastra) Hospital furniture plastic components including bed board planks, bed liners, bed side locker parts, buffer wheels, head immobilizers, overbed table tops, CPR boards, toilet seats, and spine boards, offered under the Furnastra sub-brand for medical equipment OEMs and healthcare facilities.
• ABS Panels for Hospital Furniture ABS plastic panels for hospital beds including head bows, foot bows, side railings, and collapsible side railings, with patented designs and CE certification. Mitsu holds over 60% domestic market share in India.
• Spine Board and Stretcher (Jivan) CE certified spine board manufactured in India with capacity up to 300kg. Features X-ray compatibility, flotation capability, and compliance with European Standards. Includes 3 belts and grooves for secure patient positioning, designed for emergency medical services and hospitals.
• Sahara Nau Collapsible Side Railing Versatile and durable collapsible side railing for beds, stretchers, and trolleys in healthcare environments. Features glow-in-dark option for nighttime safety. Available in Big and Small variants.
• MiEcoPET Containers Eco-friendly PET containers using 30-50% less raw material compared to traditional HDPE, with 30-60% recycled PET content. Available in various sizes from 10L to 20L for beverages, cosmetics, and other packaging needs.
• Automotive Components Plastic components for automotive applications including washer tanks, rain hoods, and other injection/blow molded parts for vehicle manufacturers such as Tata Ficosa Automotive Systems.
• Infrastructural Furniture Components Plastic furniture parts including chair shells and other infrastructural components for infrastructure projects and furniture manufacturers.
• Intermediate Bulk Container (IBC) Manufacturing Newly announced Intermediate Bulk Container product line with a fully automatic manufacturing facility featuring integrated blow moulding and assembly capabilities for high-volume production of HDPE inner bottles and steel cage IBCs, targeting chemical, pharmaceutical, food and beverage, and agrochemical industries.

Quantifiable outcome

• Q4 FY26 net profit grew 117.90% year-on-year, demonstrating significant profitability improvement through disciplined execution and operational efficiencies.
• +2 more outcomes

Named customers6 records

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

Three partnerships are on record, tiered core and minor.

• Arjo Group (Arjohuntleigh Polska Sp. z o.o.)coreOEM/ Whitelabel/ Licensing Partner · 5 February 2026Mitsu Chem Plast signed a Global Supplier Agreement with Arjohuntleigh Polska Sp. z o.o., part of the Arjo Group (one of the world's top 5 medical equipment companies with operations in over 100 countries and 5 product development and manufacturing units worldwide). The agreement follows a year-long validation and approval process. Under the agreement, Mitsu Chem Plast supplies hospital furniture parts and related plastic accessories globally to Arjo Group, representing formal onboarding as a global supplier reflecting manufacturing capabilities and compliance with international standards. The partnership strengthens Mitsu's position in the global hospital furniture supply chain and opens export-led growth opportunities, aligned with improving India-EU trade ties.
• Deepak Fertilisers and Petrochemicals Corporation Ltd.minorOthersMitsu received a Certificate of Appreciation from Deepak Fertilisers and Petrochemicals Corporation Ltd., testament to Mitsu's commitment to excellence and the strong partnerships they cherish.
• Intermediate Bulk Container (IBC) Industry EcosystemcoreStrategic or Co-development PartnerMitsu Chem Plast is entering the Intermediate Bulk Container (IBC) sector by establishing a fully automatic manufacturing facility expected to become operational in Q2 FY27. The new plant will feature integrated blow moulding and assembly capabilities for high-volume production of HDPE inner bottles and steel cage IBCs, targeting chemical, pharmaceutical, food and beverage, and agrochemical industries. The expansion is aligned with India's growing demand for industrial bulk packaging solutions and the global shift toward reusable bulk liquid containers.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Uflex: India's largest flexible packaging company with growing rigid and IBC businesses. Comparable at the industrial packaging end-market level and increasingly in the IBC segment Mitsu is entering.
• Time Technoplast: Large Indian-listed polymer products company offering industrial packaging (drums, IBCs, container tanks), automotive components, and healthcare products. Broader portfolio and significantly larger scale than Mitsu, but overlapping processes and end markets.
• Greif: Global leader in industrial packaging including plastic and steel drums, IBCs, and containerboard. Direct overlap with Mitsu's industrial drums and upcoming IBC business, though at vastly greater scale and global reach.
• Schutz GmbH & Co. KGaA: German-headquartered global leader in IBCs and industrial plastic packaging. Direct competitor in the IBC space Mitsu is about to enter, with established presence in chemicals, food, and pharma bulk packaging.

Direct peers

• Mold-Tek Packaging: Indian-listed manufacturer of blow-molded and injection-molded plastic packaging (containers, drums, caps) for chemicals, FMCG, and lubricants. Closely comparable in core process technology, OEM customer profile, and end-market mix.
• Kisan Mouldings: Indian manufacturer of HDPE/PVC pipes, moulded products, and plastic packaging using blow and injection molding. Comparable in Indian domestic OEM customer base and product overlap in HDPE rigid containers.
• Astral Poly Technik: Indian-listed manufacturer of plastic piping systems and water tanks using blow molding. Comparable in Indian polymer processing operations, though more weighted to construction-related end markets.
• Manjushree Technopack: Leading Indian PET preform and rigid plastic packaging producer using injection and blow molding. Comparable as a publicly listed Indian moulder serving FMCG, pharma, and industrial customers with similar OEM-driven B2B model.
• Mold-Tek Technologies: Indian-listed injection-molded plastic components supplier to automotive, FMCG, and industrial customers. Comparable in B2B OEM moulding model and customer overlap, especially in automotive component moulding.
• Hitech Corporation: Indian-listed plastic processor producing rigid containers, PET preforms, and moulded products for personal care, food, and industrial applications. Closely aligned in blow-molding technology and end markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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• Instagraminstagram.com/mitsuchem

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Mitsu Chem Plast