AG Poly Packs merges Gujarat subsidiary as group revenue reaches Rs 300 crore

AG Poly Packs Pvt. Ltd., a plastic packaging manufacturer with consolidated revenue of about Rs 300 crore in FY2025-26, is merging its wholly owned subsidiary AG Petuela Pvt. Ltd. into the parent company. The move follows strong growth at AG Petuela’s Umbergaon, Gujarat facility. Its annual revenue has risen from about Rs 18 crores at acquisition in September 2024 to about Rs 48 crores today.

The growth came from capacity expansion, higher utilisation and integration with the group’s technology and processes. The acquisition added ASB injection stretch blow moulding, stretch blow moulding and multilayer capabilities to the group’s portfolio. Injection moulding capacity at the site has also doubled since the acquisition.

The merger follows the earlier merger of Midas Poly Packs Pvt. Ltd. into AG Poly Packs. Together, the two steps bring the group’s manufacturing operations in Uttar Pradesh, Gujarat and Himachal Pradesh under a single entity. The single entity is expected to simplify compliance, allow working capital to move more efficiently between plants, and give customers and lenders one counterparty with one set of financials.


Gaurav Daga, Managing Director, AG Poly Packs, said in a statement, “Umbergaon shows how we create value: buy the right capability, invest in capacity, and bring it up to group standards. Bringing all our plants into one company means our customers deal with one partner, and our balance sheet is ready for what comes next. We are building towards ₹750 crore by 2030 through organic growth, new product platforms and selective acquisitions. A unified structure makes each of those faster.”

Alongside the consolidation, the group has strengthened its in-house R&D, built out its own tool room for faster mould development, and sharpened its strategy for international markets. The group has also launched Project Infinity, a long-term growth initiative expected to contribute about Rs 150 crore in revenue by 2030.

The company is targeting a top line of about Rs 750 crore by 2030, through acquisitions and strategic projects alongside organic expansion. According to the company, the consolidation supports that plan directly. A single entity with pooled assets, one balance sheet and one set of financials is simpler to present to lenders, partners and prospective investors, and gives the group a cleaner platform from which to fund its next phase of growth.