Mahip Industries

Mahip Industries is engaged in the Indian flexible packaging sector, providing materials for protecting, marketing, and distributing a wide array of consumer and industrial products. Technological advancements are a vital driver for growth in this market, allowing for innovative products with superior protective qualities like heat and moisture resistance. The company's market is influenced by changing consumer lifestyles and a rising demand for products offering convenience through portable and user-friendly packaging. The company operates within a single business segment which is the manufacture of Paper and Paper Products, focusing its activities in this core vertical. A major business risk is the potential increase in prices of its basic raw material, Kraft Paper, which could adversely affect operations and financial conditions. During the year, the company undertook a significant financial settlement by paying an amount of ₹27.78 Crores against its outstanding dues.;