India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#360- Valuation
- ₹9,000 Cr
2021 #267
Please enter your name.
Please enter a valid email address.
Please select an issue type.
Please add a few details about the issue.
About PGP Glass
PGP Glass is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 1984, and was acquired by Blackstone in December 2020. Contract manufacturing for pharmaceutical and cosmetic glass packaging is provided. The company has 3 employees. Its Indian entity Piramal Glass Private Limited reported revenue of ₹1,317 Cr. Its focus areas include Retail, Contract Manufacturers, Horizontal and Consumer Goods. Its competitors include Cupid, FAZE THREE LIMITED and Promark.
Company details
PGP Glass was established in 1984 and is headquartered in Mumbai, India. Operations focus on contract manufacturing within the pharmaceutical and cosmetics sectors, where glass packaging solutions are produced for various clients. Services include custom production of bottles and containers tailored to industry standards. The company maintains facilities in India to support global supply needs in these regulated markets.
Recognitions & Rankings of PGP Glass
- Headquarters Mumbai, India
- Employees 3
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website piramalglass.com
- Social LinkedIn X Facebook
- Acquired by Blackstone (Dec 2020)
- Legal Name Piramal Glass Private Limited
- Date of Incorporation 06 Feb, 1998
- Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Key Metrics
- Annual Revenue₹1,317 Cr
FY 2024 · +127% YoY
- Net Loss-₹2,427 Cr
FY 2024 · -184% margin
- EBITDA-₹2,873 Cr
FY 2024 · -218% margin
- Investors
- Employee Count3
- Acquired byBlackstone
(Dec 2020)
Associated legal entities of PGP Glass
PGP Glass operates through Piramal Glass Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Piramal Glass Private Limited CIN U28992MH1998PTC113433 | Active | 06 Feb 1998 | Mumbai, Maharashtra | ₹1,317 Cr | 3 | 4 | View details |
Investors in PGP Glass
PGP Glass has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone.
All
Venture Fund
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States |
Premium access
Investor details for PGP Glass
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Piramal Glass Private Limited (PGP Glass)
Piramal Glass Private Limited is the primary company behind PGP Glass. The board of Piramal Glass Private Limited currently have 3 directors; the longest-serving is Ajay Gopikisan Piramal, appointed in 1998. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Gopikisan Piramal DIN 00028116 | Director | 06 Feb 1998 | 28 yrs 8 mo | Piramal Glass Private Limited |
| Swati Ajay Piramal DIN 00067125 | Director | 12 Mar 1998 | 28 yrs 7 mo | Piramal Glass Private Limited |
| Sunilkumar Jagdishprasad Adukia DIN 00020049 | Director | 18 Aug 2022 | 4 yrs 2 mo | Piramal Glass Private Limited |
People of PGP Glass
1 people are tracked at PGP Glass (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Neeraj Tipre | Leadership |
Premium access
Complete people profiles for PGP Glass
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PGP Glass
Figures of Piramal Glass Private Limited, the primary company behind PGP Glass, for FY 2024. Revenue was ₹1,317 Cr (+127% year on year). Net loss was -₹2,427 Cr (-184% margin). EBITDA was -₹2,873 Cr (-218% margin). Revenue has grown at a compounded annual rate of -25% over three years and -12% over five years.
- ₹1,317 CrRevenue · FY 2024 · +127% YoY
- -₹2,427 CrNet loss · -184% margin
- -₹2,873 CrEBITDA · -218% margin
- ₹79.67 CrPaid-up capital
- 3Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Piramal Glass Private Limited are on its company page.
Premium access
Detailed financial statements for PGP Glass
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PGP Glass
2 dated milestones of PGP Glass across 36 years, from founding to its latest funding, stage changes and deals.
- Founded PGP Glass is founded.
- Exit Acquired by Blackstone.
Competitors of PGP Glass
PGP Glass has 3 listed competitors in our database. They include Cupid, FAZE THREE LIMITED and Promark.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cupidlimited.com | 1993 | Nashik, India | 224 | Contract manufacturer of male & female condoms | ||
| fazethree.com | 1985 | Mumbai, India | 673 | Home furnishings and automobile textiles are contract-manufactured. | ||
| promark.co.in | 2003 | Sahibzada Ajit Singh Nagar, India | 35 | Contract manufacturing of IT products and furniture is conducted. |
Premium access
Detailed competitors of PGP Glass
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PGP Glass
Websites that share an audience with PGP Glass (piramalglass.com).
Similar websites
Websites whose visitors overlap most with PGP Glass. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| haldynglass.com | 85% | View details |
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as PGP Glass (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
Upgrade to premium
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Pgp Glass
Premium access
Complete news archive for PGP Glass
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PGP Glass
PGP Glass was founded in 1984.
PGP Glass is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
PGP Glass has 3 employees.
The primary company behind PGP Glass, Piramal Glass Private Limited, reported revenue of ₹1,317 Cr for FY 2024, up 127% year on year.
PGP Glass was established in 1984 and is headquartered in Mumbai, India. Operations focus on contract manufacturing within the pharmaceutical and cosmetics sectors, where glass packaging solutions are produced for various clients. Services include custom production of bottles and containers tailored to industry standards. The company maintains facilities in India to support global supply needs in these regulated markets.
PGP Glass's top competitors include Cupid, FAZE THREE LIMITED and Promark.
PGP Glass has 1 investor. Key investors include Blackstone.
PGP Glass operates through Piramal Glass Private Limited.
Yes. PGP Glass was acquired by Blackstone in December 2020.
The legal entities of PGP Glass currently have 4 directors, including Ajay Gopikisan Piramal, Sunilkumar Jagdishprasad Adukia, Haresh Jayendra Painuly and others.