About Canpac
Canpac is a company based in Ahmedabad (India) founded in 2004 by Nilesh Todi. Canpac has raised $61.47 million across 12 funding rounds from investors including State Bank of India, JM Financial Private Equity and Edutest Solutions. The company has 397 employees as of October 28, 2024. Canpac has completed 2 acquisitions, including Saptagiripackaging and Veritech. Canpac offers products and services including Folding Cartons and Corrugated Cartons.
- Headquarter Ahmedabad, India
- Employees 397 as on 28 Oct, 2024
- Founders Nilesh Todi
- Stage Minicorn
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Email
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Phone
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Website
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Social
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- Legal Name Canpac Trends Private Limited
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$39.02 M (USD)111.13as on Mar 31, 2024
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Net Profit
$1.1 M (USD)5.09as on Mar 31, 2024
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EBITDA
$5.94 M (USD)91.71as on Mar 31, 2024
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Total Equity Funding
$61.47 M (USD)
in 12 rounds
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Latest Funding Round
$46.79 M (USD), Series B
Dec 14, 2023
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Investors
State Bank of India
& 40 more
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Employee Count
397
as on Oct 28, 2024
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Investments & Acquisitions
Saptagiripackaging
& 1 more
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Products & Services of Canpac
Canpac offers a comprehensive portfolio of products and services, including Folding Cartons and Corrugated Cartons.
Folding cartons are supplied for various packaging needs across industries.
Corrugated cartons are provided for protective and durable packaging solutions.
People of Canpac
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Funding Insights of Canpac
Canpac has successfully raised a total of $61.47M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $46.79 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Canpac
Canpac has secured backing from 41 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, JM Financial Private Equity and Edutest Solutions.
| Investor | Description | Founded Year | Domain | Location |
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Private equity, real estate, and credit investments are managed globally.
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Growth-equity focused private firm investing in SMEs
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Private equity firm focused on multiple sectors
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Investor details for Canpac
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Investments & Acquisitions by Canpac
Canpac has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Saptagiripackaging and Veritech.
Investment portfolio details for Canpac
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Multiple industries are operated across by Veritech conglomerate.
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High-quality printed packaging solutions are manufactured for diverse sectors.
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Complete acquisition details for Canpac
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Financial Statements - Canpac
Detailed financials for Canpac
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Canpac Comparisons
Peer comparison for Canpac
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Competitors of Canpac
Detailed competitors of Canpac
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Latest news on Canpac
Complete news archive for Canpac
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Frequently Asked Questions about Canpac
Canpac was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Canpac is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Canpac is a funded company, having raised a total of $61.47M across 12 funding rounds to date.
As of Oct 28, 2024, the latest employee count at Canpac is 397.
Annual revenue of Canpac is $39.02M as on Mar 31, 2024.
Canpac was established in 2004 in Ahmedabad, India, as a provider of printing and packaging solutions within the manufacturing sector. A range of products is offered, including corrugated cartons in single, double, and triple wall variants, duplex printed cartons, flexible laminate pouches, paper bags, and rigid boxes. Operations serve clients across multiple industries, such as food, retail, and consumer goods, with examples including ITC, Amul, HM, and Tesco.
Canpac offers Folding Cartons and Corrugated Cartons.
Canpac has made 2 acquisitions, including Saptagiripackaging, and Veritech.
Canpac has 41 investors. Key investors include State Bank of India, JM Financial Private Equity, Edutest Solutions, Investcorp, and Arihant Patni.
The valuation of Canpac is $51M as of Sep 2021.