About Shriji Polymers
Shriji Polymers is a Healthcare company based in Ujjain (India) founded in 2005 by Vishnu Jajoo and Anand Bangur. Manufacturer of pharmaceutical packaging products. Shriji Polymers has raised $43.3 million across 3 funding rounds from investors including Beta Team, Tata Capital and HBM Healthcare Investments. The company has 365 employees. Shriji Polymers has completed 1 acquisition, including Parekhplast. Shriji Polymers was last valued at $79.52 million in October 2015. Its chief executive, as recorded, is G K Girish. Its Indian entity Shriji Polymers (India) Limited reported revenue of ₹842 Cr. Shriji Polymers offers products and services including Ophthalmic Bottles, Infusion Bags, PP Vials, HDPE Bottles, and Closure Systems. Its focus areas include Biopharma Outsourcing, Logistics & Supply Chain and Packaging. Its competitors include Ideal Cures, SCHOTT Poonawalla and Natural Capsules.
Company details
Shriji Polymers was founded in 2005 and is based in Ujjain, India. Manufacturing operations focus on pharmaceutical packaging products, such as plastic bottles and containers designed for pharmaceuticals, nutraceuticals, and healthcare sectors. Specialization occurs in HDPE, PP, and PET materials to support these industries. Leadership includes co-founders Vishnu Jajoo as MD and Anand Bangur as Chairman, alongside CEO G K Girish and Head of HR Samiksha Bangur.
- Headquarters Ujjain, India
- Employees 365
- Founders Vishnu Jajoo, Anand Bangur
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website shrijipolymers.com
- Social LinkedIn X Facebook Instagram
- Legal Name Shriji Polymers (India) Limited
- Date of Incorporation 18 Jul, 1996
- Jurisdiction Ujjain, Madhya Pradesh, India
- Annual Revenue₹842 Cr
FY 2025 · +8% YoY
- Net Profit₹93.27 Cr
FY 2025 · 11% margin
- EBITDA₹219 Cr
FY 2025 · 26% margin
- Total Equity Funding$43.3M (USD)
in 3 rounds
- Latest Funding Round$34.15M (USD), Series B
Aug 2020
- InvestorsBeta Team
& 4 more
- Employee Count365
- Investments & Acquisitions
Associated legal entities of Shriji Polymers
Shriji Polymers is associated with 2 registered companies on The Company Check; the primary company is Shriji Polymers (India) Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shriji Polymers (India) Limited CIN U51102MP1996PLC011027 | Active | 18 Jul 1996 | Ujjain, Madhya Pradesh | ₹842 Cr | 378 | 9 | View details |
| Shriji Polymers Medical Devices Private Limited CIN U33302MP2022PTC063403 | Active | 15 Nov 2022 | Ujjain, Madhya Pradesh | ₹0.2 Cr | 2 | View details |
Products & Services of Shriji Polymers
Shriji Polymers offers a comprehensive portfolio of products and services, including Ophthalmic Bottles, Infusion Bags, PP Vials, HDPE Bottles, and Closure Systems.
Bottles for ophthalmic drugs ensuring precision and safety.
Bags for infusion solutions providing protection and durability.
Vials for pharmaceuticals offering secure storage and compliance.
Bottles for chemicals and lubricants ensuring leak-proof containment.
Closures for pharma products with desiccant options for integrity.
Funding Insights of Shriji Polymers
Shriji Polymers has successfully raised a total of $43.3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $34.15 million completed in August 2020. 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.
- Total Funding $43.3M
- Total Rounds 3
- Last Round Series B — $34.15M
- First Round $6.15M
(Oct 2015)
- Investors Count 5
All 3 funding rounds of Shriji Polymers with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $34.15M | Series B | – | Creador | – |
| Jun 2018 | $3M | Series A | – | HBM Healthcare Investments | – |
| Oct 2015 | $6.15M | Series A | $79.52M | TCHF, Tata Capital |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2015 | $79.52M | •••••••• |
Last known valuation $79.52M (Oct 2015). 5 investors in total: 5 institutional.
Investors in Shriji Polymers
Shriji Polymers has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Beta Team, Tata Capital and HBM Healthcare Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Life sciences focused VC firm funding companies in the US and Europe | 2001 | hbmhealthcare.com | Zug, Switzerland | |
Private equity fund investing in healthcare and lifesciences in India. | 2021 | tatacapitalhealthcarefund.com | Mumbai, India | |
Investment firm focusing on partnerships in consumer, healthcare, and business services across Southeast Asia and India. | 2011 | creador.com | Kuala Lumpur, Malaysia | |
Electric VTOL aircraft are developed for passenger and cargo transport. | 2012 | beta.team | South Burlington, United States | |
Diversified non-banking financial services are provided by Tata Capital. | 2007 | tatacapital.com | Mumbai, India |
Investor details for Shriji Polymers
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Board of directors of Shriji Polymers (India) Limited (Shriji Polymers)
Shriji Polymers (India) Limited is the primary company behind Shriji Polymers. The boards of the 2 registered companies of Shriji Polymers currently have 7 directors; the longest-serving is Anand Bangur, appointed in 2011. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Bangur DIN 00017170 | Managing Director | 01 Feb 2011 | 15 yrs 9 mo | Shriji Polymers (India) Limited, Shriji Polymers Medical Devices Private Limited |
| Vishnu Jajoo DIN 00806268 | Whole-time director | 01 Feb 2011 | 15 yrs 9 mo | Shriji Polymers (India) Limited, Shriji Polymers Medical Devices Private Limited |
| Anurag Somani DIN 02963336 | Whole-time director | 18 May 2013 | 13 yrs 5 mo | Shriji Polymers (India) Limited |
| Santosh Muchhal DIN 00645172 | Director | 18 Sep 2017 | 9 yrs 1 mo | Shriji Polymers (India) Limited |
| Dhirendra Chaturvedi Singh DIN 01953713 | Director | 18 Sep 2017 | 9 yrs 1 mo | Shriji Polymers (India) Limited |
| Samiksha Bangur DIN 09069253 | Whole-time director | 30 Mar 2021 | 5 yrs 7 mo | Shriji Polymers (India) Limited |
| Kabir Kishin Thakur DIN 08422362 | Nominee Director | 29 Jul 2021 | 5 yrs 3 mo | Shriji Polymers (India) Limited |
People of Shriji Polymers
23 people are tracked at Shriji Polymers (11 in leadership, 2 in board & advisors, 10 in team); the tracked headcount is 365.
| Name | Role | Group |
|---|---|---|
| Co-Founder & MD | Leadership | |
| Co-Founder & Chairman | Leadership | |
G K Girish | CEO | Leadership |
| Head of HR | Leadership | |
Shrikant Jhawar | Head of Sales | Leadership |
Rajneesh Jain | Head of Production | Leadership |
Krishna Kant Singh | HEAD (hr & Legal) | Leadership |
Madhvesh Nilangekar | General Manager | Leadership |
| Director | Leadership | |
Amit Mundra | Head Of Unit | Leadership |
Arpit Bangur | Director | Leadership |
Ashwini Kumar Bhat | Advisor | Board & advisors |
Madan G. Mehta | Advisor | Board & advisors |
Vikas Ahuja | Deputy Production Manager | Team |
Vijay Kumar Solanki | Deputy Manager Corporate QA &ra | Team |
Ramdhan Kadwe | Senior Executive Human Resources | Team |
Ankit Sharma | Project Engineer | Team |
Brajesh Parmar | Hr-manager | Team |
Vikram Singh Tomar | Manager - Human Resource & Admin (group) | Team |
Manish Singh | Tool Room Incharge | Team |
3 more people are available in the full profile.
Complete people profiles for Shriji Polymers
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Financials of Shriji Polymers
Figures of Shriji Polymers (India) Limited, the primary company behind Shriji Polymers, for FY 2025. Revenue was ₹842 Cr (+8% year on year). Net profit was ₹93.27 Cr (11% margin). EBITDA was ₹219 Cr (26% margin). Revenue has grown at a compounded annual rate of +20% over three years and +19% over five years.
- ₹842 CrRevenue · FY 2025 · +8% YoY
- ₹93.27 CrNet profit · 11% margin
- ₹219 CrEBITDA · 26% margin
- ₹24.98 CrPaid-up capital
- 378Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shriji Polymers (India) Limited are on its company page.
Detailed financial statements for Shriji Polymers
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Shriji Polymers
Shriji Polymers has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Parekhplast.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Rigid plastic packaging products are manufactured for various industries. | parekhplast.com | Mumbai, India | 1981 | Dec 2022 | •••• |
Complete acquisition details for Shriji Polymers
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Timeline of Shriji Polymers
5 dated milestones of Shriji Polymers across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Shriji Polymers is founded.
- Funding First funding round of $6.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $34.1M.
- Acquisition Acquires Parekhplast.
Competitors of Shriji Polymers
Shriji Polymers has 3 listed competitors in our database. They include Ideal Cures, SCHOTT Poonawalla and Natural Capsules.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| idealcures.com | 1999 | Mumbai, India | Manufacturer of pharmaceutical excipients and coatings systems for solid oral dosage forms | |||
| schott-poonawalla.com | 1990 | Mumbai, India | 1,297 | Packaging solutions for pharmaceutical and biotech industries are provided. | ||
| naturalcapsules.com | 1993 | Bengaluru, India | 99 | Manufacturing and supply chain services for biopharma sector are provided. |
Detailed competitors of Shriji Polymers
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Top companies in Biopharma Outsourcing & Drug Delivery
3 companies that operate in the same segment as Shriji Polymers (Biopharma Outsourcing & Drug Delivery) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of integrated contract research development and manufacturing services | 2007 | Bengaluru, Karnataka, India | USD 35.74 M | USD 226.38 M | 1,820 | |
Pharmaceutical and biotechnology company | 2005 | Hyderabad, Telangana, India | USD 229.73 M | USD 726.15 M | 12,470 | |
India's leading healthcare products distribution platform | 2018 | Mumbai, Maharashtra, India | USD 59.67 M | USD 702.49 M | 4,260 |
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Frequently Asked Questions about Shriji Polymers
Shriji Polymers was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Shriji Polymers is headquartered in Ujjain, India. It is registered at Ujjain, Madhya Pradesh, India.
G K Girish is the CEO of Shriji Polymers, as recorded in our data.
Shriji Polymers is a funded company, having raised a total of $43.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.15M, raised on Oct 2015.
Shriji Polymers has 365 employees.
The primary company behind Shriji Polymers, Shriji Polymers (India) Limited, reported revenue of ₹842 Cr for FY 2025, up 8% year on year.
Shriji Polymers was founded in 2005 and is based in Ujjain, India. Manufacturing operations focus on pharmaceutical packaging products, such as plastic bottles and containers designed for pharmaceuticals, nutraceuticals, and healthcare sectors. Specialization occurs in HDPE, PP, and PET materials to support these industries. Leadership includes co-founders Vishnu Jajoo as MD and Anand Bangur as Chairman, alongside CEO G K Girish and Head of HR Samiksha Bangur.
Shriji Polymers's top competitors include Natural Capsules, SCHOTT Poonawalla and Ideal Cures.
Shriji Polymers offers Ophthalmic Bottles, Infusion Bags, PP Vials, HDPE Bottles, and Closure Systems.
Shriji Polymers has made 1 acquisition, including Parekhplast.
Shriji Polymers has 5 investors. Key investors include Beta Team, Tata Capital, HBM Healthcare Investments, Creador, and Tata Capital Healthcare Fund.
The valuation of Shriji Polymers is $79.52M as of Oct 2015.