HPBL

HCP Plastene Bulkpack Ltd (HPBL)

Overview

HCP Plastene Bulkpack Ltd (HPBL) is a leading manufacturer and exporter of flexible packaging solutions in India. The company offers a wide range of products, including woven bags, jumbo bags, block bottom bags, PP bags, and woven labels. HPBL's products are used in a variety of industries, including agriculture, construction, chemicals, and food and beverage. The company has a strong presence in the Indian market and exports its products to over 30 countries worldwide.

History

HPBL was originally incorporated in 1984 as Gopala Polyplast Limited. The company started with one unit with an installed capacity of 489 TPA of woven fabrics. In 1994, Gopala Polyplast Limited became a public company with its maiden public issue. The company also added garment accessories to its product portfolio by putting up woven jacquard label manufacturing looms. In 2001, the company started manufacturing woven bags.

In 2019, Gopala Polyplast Limited was admitted for CIRP under the provisions of IBC, 2016 due to default in payment to banks. It also had outstanding payments to its operational creditors. Subsequently, M/s. Plastene India Limited submitted a resolution plan, and the same was approved by the Honorable National Company Law Tribunal at Ahmedabad Bench in August 2020. Presently, the company is a part of the Plastene group (PIL), a reputed FIBC manufacturer and exporter from India with a diverse product portfolio comprising of FIBCs and small bags. PIL exports the majority of its products to the EU and US, which have stringent quality requirements. PIL was promoted by Mr. Prakash Parekh in 1998. He is also the Promoter and Managing Director of HPBL.

How the Company Operates

HPBL has three manufacturing facilities in Gujarat, India. The company has a strong team of experienced professionals who are dedicated to providing high-quality products and services to its customers. HPBL is committed to sustainable practices and has implemented a number of initiatives to reduce its environmental impact.

The Future

HPBL is well-positioned for growth in the future. The company has a strong track record of innovation and is committed to expanding its product portfolio and market reach. HPBL is also investing in new technologies to improve its efficiency and productivity.

Conclusion

HPBL is a leading manufacturer and exporter of flexible packaging solutions in India. The company has a strong track record of innovation and is well-positioned for growth in the future.

Official Website

https://hpbl.in/

Milestones

Additional Information and Interesting Facts

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