On 13 February, Printmann Offset, a prominent packaging solutions provider based in Mumbai, unfolded its ambitious growth vision for the next five years, named ‘Printmann 2.0 & Beyond.’ The Printmann team also announced the induction of Somerset Capital as a minority investor and launched a new subsidiary.
The unveiling took place at Taj Vivanta in Turbhe near Mumbai and drew in a diverse audience, including Printmann’s senior management, team members, customers, vendors, and industry stakeholders. Tejas Tanna and Ankit Tanna, the directors at Printmann Group, were steering the event.
Bipin Tanna founded Printmann 37 years ago, and since then, the company has charted an impressive growth trajectory, establishing itself as a leading carton packaging printer and converter in the western region of India, with a notable focus on the pharmaceutical industry.
The company’s comprehensive range of packaging solutions includes cartons, labels, leaflets, and aluminum foil, spanning both primary and secondary packaging. It utilizes various printing technologies such as offset, flexo, gravure, and digital.
Aiming for a pan-India presence
The central theme of ‘Printmann 2.0 & Beyond’ revolves around achieving a pan-India presence. Currently holding a robust position in western India, particularly Mumbai, Tejas Tanna expressed the company’s aspiration to invest in boutique plants across the country.
“We want to become the world’s most preferred packaging company. And for that we have to become a pan-India company,” Tejas Tanna said.
“Today we have a footprint in the western part of India, Mumbai. So, this has become our bastion, our mothership, our parent plant. And we plan to invest in boutique plants in strategic locations to serve the customer’s requirements by reducing lead times, by faster turnaround times and also to reduce their transit times. This would help us in our endeavor to serve our customers better and also reduce our carbon footprint. We need to have a presence catered to the entire India,” Tejas Tanna added.
Ankit Tanna emphasized Printmann’s commitment to representing the Indian printing and packaging industry on the global stage. The plan includes continued participation in international exhibitions, with a firm commitment to showcasing India’s capabilities in the printing and packaging sector.
“We want to tell the world to trust us for their pharmaceutical packaging needs,” he said. “As you all are aware, for the past two years we have been participating in the CPHI exhibition. We take this commitment today in Printman 2.0 to continue representing India in the printing and packaging industry by participating in more and more global exhibitions.”
Anticipating the growth in the Indian pharmaceutical industry and the expanding demand for packaging solutions, Printmann is gearing up to increase its capacity. The company aims to stay ahead of the curve by building capacities that will enable shorter turnaround and transit times, positioning itself as an integral part of the industry’s growth story.
Open to both organic and inorganic growth
In the pursuit of responsible and sustained growth, Ankit Tanna highlighted the fragmented nature of the Indian printing and packaging industry, emphasizing the need for larger players.
“‘Printmann 2.0’ aspires to be one of these key players, intending to achieve growth through a combination of organic and inorganic means over the next five years. The hope is that this will not only elevate Printmann but also garner recognition for the printing industry as a sector from the Government of India,” he said.
Somerset Capital as a minority investor and launch of Pakcellence
As part of ‘Printmann 2.0 & Beyond,’ Somerset Indus Capital Partners has been introduced as a minority investor. This strategic move is poised to fuel Printmann’s growth trajectory, providing capital for both organic and inorganic expansion initiatives. The funds will also support new ventures, including the recently unveiled subsidiary, Pakcellence, which focuses on innovative and sustainable solutions, including the burgeoning gable top business.
During the event, Printmann officially launched Pakcellence, with Subhashish Roy assuming the role of chief mentor and Pawan Singh as the chief executive officer.
