Manika Plastech

What Manika Plastech does

Manika Plastech Limited is a design-led rigid polymer packaging manufacturer incorporated in 1996 in Dadra & Nagar Haveli, India, with corporate headquarters in Mumbai and 101-250 employees. The company operates four product divisions: Battery Division (precision-engineered JIS- and DIN-compliant casings for automotive, railway, power-backup and solar batteries; 14,061 MT and 1,832 SKUs in FY24), Pail Division (injection-moulded pails in 250ml-25L sizes for paints, lubricants, coatings and agrochemicals; 4,553 MT and 1,034 SKUs in FY24), Thinwall Division (100ml-1,000ml IML containers for ice cream, dairy and food applications), and Paintshop Division (job-work and end-to-end painting services for plastic automotive components at Hosur). Production runs across seven facilities (Dehradun x2, Hosur, Panipat, Una, Dadra, plus a Hosur paint shop) operating 24x7 in multiple shifts, with stated capacity of 27,000+ metric tons per annum, 805 in-house designed moulds, 2,947 SKUs, and 36 registered designs under the Designs Act, 2000.

The underlying technology is precision injection moulding of rigid polymers using SAP-integrated workflows, with proprietary features including JIS/DIN-standard automotive casings, in-mould labelling (IML) for thinwall containers, and IATF 16949 automotive quality certification at Hosur. Certifications span ISO 9001 (quality), ISO 14001 (environmental), ISO 45001 (occupational health and safety) across multiple plants. Revenue is generated through direct B2B industrial sales on a quote-based, customized basis to enterprise customers across automotive, energy storage, paints, lubricants, agrochemicals, food, and dairy verticals, with no public pricing or distribution partners disclosed. Named customers include Livguard, Luminous, UNO Minda, Genus, HSD Batteries, Sakthi Accumulators, Surya Batteries, Zunax (battery casings); Grasim Industries, Indigo Paints, JSW Paints, Jotun India, Kansai Nerolac (pails); and leading food, dairy and confectionery manufacturers (thinwall). Distribution is fully direct-to-customer with no channel partners.

The company is family-controlled by the Kapadia family (Nikunj Kapadia as Chairman; Munjal Kapadia as Managing Director; Mihir and Pratik Kapadia as Whole-time Directors), preparing for an Initial Public Offering with a DRHP filed and four Independent Directors appointed on March 11, 2025 to strengthen governance. Operating geography is India-only across North, West, and South zones, with no disclosed international footprint.

Name

Manika Plastech

Legal name

Manika Plastech Limited

Website

https://manikaplastech.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Manika Plastech Limited is an Indian rigid polymer packaging manufacturer producing precision-engineered battery casings, plastic pails, thinwall containers, and automotive painting services across seven facilities serving automotive, energy storage, paints, and food/dairy enterprise customers.

Ownership category

akta.pro rank

Product category

Industrial Plastic Packaging Manufacturing

NAICS

Plastics Product Manufacturing (3261), All Other Plastics Product Manufacturing (326199)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Custom Injection Molding & Contract Manufacturing (Job Shops/CMs) (IMANAFAJ)

akta.pro secondary industry

Consumer Products Injection Molding (Housewares, Toys, Personal Care) (IMANAFAE)

Keywords

• Rigid polymer packaging
• Battery casings manufacturing
• Plastic pails production
• Thinwall containers
• Automotive components packaging

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 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. Battery Casings: Manufacturing and sale of precision battery casings for automobiles, railways, and power backup applications. Sold 1,832 SKUs in Fiscal 2024 with 14,061 tons manufactured.
2. Plastic Pails: Injection moulded plastic pails for packaging paints, lubricants, coatings and agricultural products. Sold 1,034 SKUs in Fiscal 2024 with 4,553 metric tons manufactured.
3. Thinwall Containers: Thinwall containers in various sizes for ice cream, dairy and food products using in-mould labelling technology. Sold 81 SKUs in Fiscal 2024.
4. Automotive Painting Services: Painting services for plastic automotive components on job work basis and end-to-end painting services by procuring components, painting, and selling finished painted components.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Manika Plastech Limited is a design-led, precision-engineered rigid polymer packaging manufacturer operating across four product divisions: Battery Division (VRLA, JIS and DIN-series casings for automotive, railway and power-backup batteries), Pail Division (injection-moulded plastic pails for paints, lubricants, coatings and agrochemicals), Thinwall Division (in-mould labelled containers for ice cream, dairy and food), and Paintshop Division (painting services for plastic automotive components). As of June 24, 2025, the company has manufactured 2,947 products through 805 in-house designed moulds across seven 24x7 manufacturing facilities in India with a combined capacity of 27,000+ metric tons per annum.

Product overview

Manika Plastech is a design-led, precision engineered, rigid polymer packaging manufacturing company with a diversified product portfolio comprising four core divisions: Battery Division (manufacturing high-performance battery casings for automobiles, railways, and power backup applications), Pail Division (producing injection moulded plastic pails for paints, lubricants, and agrochemical packaging), Thinwall Division (manufacturing thinwall containers for ice cream, dairy, and food products using in-mould labelling technology), and Paintshop Division (providing painting services for plastic automotive components). The company operates seven manufacturing facilities across India and has manufactured 2,947 products through 805 in-house designed moulds, serving critical industries including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, food, and dairy.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Division - Battery Casings Manufactures precision-engineered battery casings integral to energy storage devices for automobiles, railways and power back-up applications. Product range includes VRLA casings, JIS series (NS40, N50, N70, N100, NS60/B24, N120), DIN series and MF Double Cover series casings, designed to be compatible with existing filling and labelling lines of battery manufacturers.
• Pail Division - Plastic Pails Manufactures injection-moulded plastic pails in sizes from 250ml to 25 litres and 1kg to 20kg, available in cylindrical, conical and square shapes, with labelling options including screen printing, heat transfer labelling and in-mould labelling. Used for packaging paints, inks, distemper, lubricants, coatings and agrochemical products.
• Thinwall Division - Thinwall Containers Manufactures thinwall containers in sizes from 100ml to 1,000ml in round, rectangle and square shapes using in-mould labelling (IML) technology, used for ice cream, dairy and food product packaging requiring hygienic, leakproof containers with durable branding.
• Paintshop Division - Automotive Painting Services Provides painting services for plastic automotive components at the Hosur paint shop, either on job-work basis (painting customer-supplied components) or end-to-end (procuring components, painting and delivering finished painted components). The facility is IATF 16949:2016 certified, which is the key requirement for automotive supply chain participation.

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Polyplex Corporation Limited: Polyester film and plastic-packaging manufacturer with a significant India manufacturing footprint. Adjacent rigid/film packaging category with overlapping polymer-processing technology.
• Hindustan Containers Limited / IFB Agro / Kisan Mouldings: Kisan Mouldings is an Indian plastic-moulded products company (containers, crates, household items) operating in similar injection-moulding technology. Smaller scale and weaker direct overlap, but indicative of the long tail of Indian rigid-packaging competitors.

Broad incumbents

• Tarsons Products Limited: Indian manufacturer of plastic labware and consumables; uses precision injection-moulding at scale. Comparable manufacturing technology and custom-mould capabilities, though serving laboratory/life-science customers rather than industrial packaging.
• EPL Limited (formerly Essel Propack): Global plastic packaging company (laminated/plastic tubes) serving FMCG, oral care and personal care. Wider packaging portfolio with global footprint; overlaps with Manika's thinwall/food packaging via FMCG customer base.
• Supreme Industries Limited: One of India's largest diversified plastic-products companies (pipes, packaging, industrial products, consumer goods). Much larger balance sheet and product breadth, but operates in overlapping rigid-packaging categories.

Direct peers

• Time Technoplast Limited: Indian polymer-products manufacturer with a sizeable industrial-packaging portfolio (containers, drums, composite cylinders, IBCs) sold to chemicals, lubricants and infrastructure customers. Comparable scale and similar B2B industrial sales motion.
• Mold-Tek Packaging Limited: Indian injection-moulded packaging company manufacturing pails, containers, caps, closures and crates for paints, lubricants, adhesives and FMCG. Closest overlap with Manika's Pail Division in customer base, products and end-uses.
• Huhtamaki India (Huhtamaki PPL Limited): Indian rigid and flexible packaging manufacturer serving FMCG, food service and industrial customers. Most direct comparable for Manika's food/dairy thinwall and rigid-packaging business; notably, one of Manika's newly appointed independent directors was previously COO and Executive Director at Huhtamaki PPL.

Others

• Amara Raja Energy & Mobility Limited: Major Indian battery manufacturer. Not a direct competitor but a downstream battery customer in Manika's addressable market; useful comp for understanding Indian battery-casing volume trajectories.
• Minda Industries (UNO Minda): Tier-1 automotive component supplier and one of Manika Plastech's anchor battery-casing customers (per disclosed customer list). Not a competitor, but a key downstream OEM whose platform growth drives pull-through demand for Manika's automotive packaging.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/manika-plastech-pvt-ltd
• Facebookfacebook.com/Manika-Plastech-pvt-ltd-61570845810630

Compliance4 records

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 Manika Plastech