Bengaluru, 05 February 2025: Manjushree Technopack Ltd., India’s largest rigid plastic packaging company, announced that its Board has approved the change of the company’s name to ‘Alternicq Limited’, subject to certain other necessary approvals. The new brand has been carefully chosen to reflect the company’s strategic shift from quality and scale-led manufacturing to innovation-led, customer-centric, integrated packaging solutions while enabling circularity in plastic.
‘Alternicq’, representing alternative thinking, reflects the company’s sharpened focus on pioneering innovation and delivering high quality packaging solutions at scale, all while managing complexity for customers across the packaging value chain. The visual representation is of two rectangles coming together to form a diamond – a symbol of rarity, brilliance, strength and unique perfection. One rectangle represents Alternicq and the other, its customers, coming together to create path-breaking solutions.
As customer needs have evolved, Manjushree Technopack has expanded far beyond manufacturing to offer one-stop packaging solutions that combine scale, speed, technical expertise, and collaborative innovation all under one roof. Alternicq brings together the company’s capabilities across preforms, containers, caps and closures, pumps and dispensers, pharmaceutical primary packaging and recycling supported by pan India manufacturing, AI enabled digitised processes, and strong innovation partnerships. This integrated model allows customers to simplify operations, accelerate time to market, and focus on growing their brands while Alternicq manages complexity at scale including regulatory compliance.
Backed by PAG, one of Asia’s leading alternate asset managers, Alternicq is strengthening its presence in the packaging space, including in pharmaceutical packaging, through PAG’s acquisition of specialist pharma firm Pravesha Industries.
Commenting on the rebranding, Mr. Thimmaiah Napanda, Managing Director and CEO, Manjushree Technopack said, “The evolution from Manjushree Technopack to Alternicq marks a defining moment in our 45 year old journey. What began as a company built on scale and manufacturing excellence has evolved into a strategic partner deeply embedded in our customers’ growth, innovation, and sustainability ambitions. Alternicq reflects who we are today, and the future we are building—one where integrated capabilities, agility, and collaboration help customers manage complexity and succeed in dynamic markets. The proposed change in the Company’s name is subject to receipt of necessary approvals.”
Mr. Thimmaiah Napanda added, “Demand for rigid plastic packaging in India is expected to grow significantly, driven by rising consumption across key sectors such as FMCG, pharma and healthcare, home and personal care, agrochemicals, dairy, food, paint and more. At the same time, India’s EPR guidelines are shaping infrastructure and demand for recycled plastics. With integrated design capabilities and 275,000 MTPA of pan-India manufacturing capacity, we are well positioned to be a one-stop rigid plastic packaging partner—delivering agile, innovative solutions at scale that meet global standards and enable circularity in plastic for customers and millions of consumers.”
Nikhil Srivastava, Chairman, Manjushree Technopack and Co-Head of Private Equity, PAG, said, “For more than four decades, Manjushree has proven that innovation and scale can advance hand in hand. ‘Alternicq’ marks the next chapter in that journey, a brand that reflects our evolution to meet the needs of customers navigating an increasingly dynamic and demanding world. With this transformation, we move beyond being a packaging manufacturer to become a strategic partner, one that simplifies complexity, delivers reliability at scale, and drives sustained growth through alternative, agile thinking. Rooted in Manjushree’s legacy, ‘Alternicq’ embodies progress shaped by experience, scale, and a sharp focus on what our customers need next.
Manjushree Technopack Limited
Manjushree Technopack Limited (to rebrand as Alternicq Limited) is India’s largest rigid plastic packaging company by installed capacity. Founded in 1983, the Company today operates 30 state-of-the-art manufacturing facilities pan-India, employing over 2400 people, with a production capacity of 2,75,000+ MTPA of containers, bottles, closures, drums, pumps & dispensers, and 2,000+ million units of cartons, labels and leaflets. The Company is backed by PAG, a leading Asia-focused alternate asset manager.
A leader in consumer rigid plastic packaging, Manjushree Technopack is a diversified, one-stop solutions partner with integrated design, manufacturing, and recycling capabilities. Its integrated capabilities span containers, preforms, caps and closures, pumps and dispensers, supported by captive recycling infrastructure and closed-loop solutions, serving diverse industries including food and beverages, home and personal care, pharmaceuticals, dairy, automotive, and agrochemicals. Its innovative design and development capabilities span across all major technologies (ISBM, EBM, IMM, IBM), & Substrates (PET, PP, HDPE, PCR).
Built on scale, technical depth, and customer trust, we enable brands to simplify packaging complexity while accelerating speed to market and supporting long-term growth. Our systems and capabilities support evolving EPR, recycled content, and traceability requirements across domestic and export markets, and our pharma packaging is aligned with global standards and benchmarks.
DISCLAIMER: The proposed change in the Company’s name from Manjushree Technopack Limited to Alternicq Ltd. is subject to receipt of statutory and shareholder approvals, and will take effect upon completion of the requisite formalities.
