AG Poly Packs merges Gujarat subsidiary as group revenue reaches Rs 300 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓AG Poly Packs is merging its Gujarat subsidiary, AG Petuela, into the parent company.
- ✓This move follows the group’s revenue reaching Rs 300 crore in FY2025-26.
- ✓Managing Director Gaurav Daga said, “Bringing all our plants into one company means our customers deal with one partner, and our balance sheet is ready.”
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
AG Poly Packs Pvt. Ltd. is consolidating operations by merging its subsidiary AG Petuela Pvt. Ltd. into the parent company. This merger follows the successful growth of AG Petuela’s operations in Umbergaon, Gujarat, which saw revenue increase significantly.
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.
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The Economic Times
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