- The company plans to raise capital through IPO to fund its strategic expansion plans and enhance operational capabilities
- Dewas-headquartered company specialises in the manufacturing of high-quality paper products that cater to a wide range of industries, both domestic and international
- Recorded Rs. 42.08 crore in revenue from operations with a profit (PAT) of Rs. 3.34 crore in the first five months of the current financial year ended August 2024, compared to Rs. 73.93 crore in revenue from operations and a profit of Rs. 3.72 crore in FY24
- Appoints Khambatta Securities Limited as the book running lead manager
Aaradhya Disposal Industries Limited (or “The Company”), a manufacturer and exporter of high-quality paper products, today announced its progressive plans to achieve Rs. 180croresin revenues by the financial year 2027. To fund its strategic expansion plans and enhance operational capabilities, the Dewas-headquartered company is planning to launch an initial public offering (IPO) very soon. The company has appointed Khambatta Securities Limited as the book running lead manager to the offer.
The company specialises in the manufacturing of high-quality paper products that cater to a wide range of industries, both domestic and international. With over a decade of expertise, the company offers an extensive range of paper-based solutions that are engineered for performance, sustainability, and versatility. It manufactures PE coated, PLA coated and Barrier coated paper cup blanks and food grade papers including Greaseproof paper, greaseproof 4K paper, greaseproof slip easy paper, wet strength greaseproof, Oil and grease resistant (OGR) paper, vegetable parchment paper and Titanium Di-oxide (TDL) poster paper.
Aaradhya Disposal Industries offers customised solutions tailored to the unique needs of its customers ensuring they receive products that meet their specific requirements for various purposes. The company’s products which are used for retail packaging, food service use, and commercial printing are trusted for their quality, performance and sustainability. It operates two manufacturing plants with a total installation capacity of 12,000 metric tons per annum spread over an area of 55,151 sq ft, situated at Dewas near Indore, Madhya Pradesh.
Commenting on the company’s fundraising plans, Mr. Sunil Maheshwari, Managing Director, Aaradhya Disposal Industries Limited, said, “Our significant investment in advanced technology machinery enables us to manufacture a wide range of products and our strategic location offers significant economies of scale in both production and distribution. With plans to enhance our capabilities at the current manufacturing units and expand business beyond existing markets, we are looking to raise funds through an IPO very soon and surpass the revenue mark of Rs. 180 crores by FY2027.”
The company has exported its finished goods to 16 countries across the globe, including the United Kingdom, Abu Dhabi, Dubai, Qatar, Iraq, Oman, Lebanon and Ajman, etc., primarily in gulf region. It plans to continue diversifying and expanding its presence in these countries.
Aaradhya Disposal Industries was founded by Mr. Sunil Maheshwari in 2014. Its in-house research team led by Mr. Maheshwari plays a key role in driving innovation and ensuring the improvement of the company’s product range. By focusing on the development of new materials, coatings, and production techniques, the company will be able to offer customized products that meet the evolving needs of its customers. The company’s R&D’s efforts help to maintain industry leadership by staying ahead of the market trends and enhancing the performance and sustainability of its products.
The company has registered Rs. 42.08 crore in revenue from operations with a profit (PAT) of Rs. 3.34 crore in the first five months of the current financial year ended August 2024, compared to Rs. 73.93 crore in revenue from operations and a profit of Rs. 3.72 crore in FY24.
