The company is one of the largest player in rigid plastics packaging business in India with an installed capacity of about 1,75,000 tons per annum. MTL enjoys leading market position in rigid plastics packaging segment. Strong market share is supported by established relationship with customers such as Reckitt Benckiser (India) Limited, Dabur India Limited ( Dabur, rated CRISIL AAA/Stable/CRISIL A1+), Coca Cola India Ltd, PepsiCo India Ltd, Mondelez India Foods Ltd etc. Over the past few years, MTL has diversified its customer base, increased its presence in the various categories of FMCG packaging industry such as packaging for food & beverages, personal care, home care, liquor as well as pharma etc.
The company has a manufacturing base at Bengaluru, and with the acquisition of Varahi Limited (Varahi) in fiscal 2017 and National PlasticsIndustries Ltd (NAPLA)’s facilities in fiscal 2020 in North India, the overall market reach and ability to service diverse clients has improved substantially. In April 2021, MTL completed the acquisition of B2B business of Pearl Polymers Limited (PPL) which aided to increase in its market share. The acquisition of NAPLA has added dispensers and sprays to the product portfolio.
The acquisitions have helped MTL improve its product diversity and add new clients, and supply new products to existing clients leading to improvement in wallet share. MTL also expanded into East Indian markets with setting up of a plant at Guwahati in 2017. In fiscal 2021, it commissioned a Greenfield capacity at Silvassa which will help in enhance geographical diversification in the Western India market. The company has also commissioned a rigid plastic recycling plant at Bengaluru in fiscal 2021