Shakti Press is a Nagpur-based printer that spent five decades making books, labels, and corrugated boxes before its shareholders voted in late 2025 to tear up the rulebook - adding agriculture, organic farming, and public-health products to a charter that had never strayed beyond ink and paper. The recurring approach is visible in the way the company has always leaned on a single manufacturing plant and a tight circle of related-party relationships, and it is now applying that same concentrated model to an entirely new sector while the legacy print business continues to supply government and education customers. # Business segments Three engines at different stages - a legacy print-and-packaging workshop, a freshly-mandated agricultural trading and services platform, and a small paper-supply stream - all run from a single plant in Nagpur. ## 1. Printing and packaging: the legacy workshop that still pays the bills **A single-plant multicolor offset printer that turns paper, ink, and petrochemical-based inputs into books, labels, and corrugated boxes for government departments, schools, and corporates - no imported technology, no R&D, just decades of customer relationships.** - **One factory, many products** - the company manufactures everything from textbooks and periodicals to paper plates and printed labels at its Mondha Village plant in Nagpur, serving commercial, educational, government, and corporate buyers entirely within India. - **Education and regulation drive demand** - orders rise when government school-book budgets expand under the Right to Education Act, when IPO prospectuses need printing, or when stricter food-packaging laws force companies to upgrade their boxes and labels. - **Raw materials are the wild card** - paper, ink, and petrochemical-based inputs have unstable prices that swing with international markets, and the company relies on long-standing relationships with trusted suppliers and a strong procurement network to ensure consistent availability of quality raw materials at competitive prices. - **A fragmented industry with no pricing power** - close to 130,000 printing units compete in India, from tiny proprietorships to organised players, and the resulting price war squeezes margins and stretches out the time it takes to recover any investment in new kit. - **Related parties run through the books** - the company buys and sells goods with entities controlled by its key managers or their relatives - Sankalp Marketing, S.S. Enterprises - and in one year sold property to a related foundation for nearly ten crore rupees. ## 2. Agricultural commodities and agri-services: the new mandate under construction **A freshly-approved business line that lets the company trade in fruits, vegetables, and organic produce, offer farming consultancy, and even manufacture pest-control products - all added to the charter in a single shareholder vote in December 2025.** - **Permission to do almost anything in agriculture** - the altered Memorandum of Association now allows the company to act as cultivator, processor, trader, exporter, cold-storage operator, dairy farmer, and sprayer manufacturer, plus provide consultancy on hydroponics and aeroponics. - **Trading has already begun** - the company is buying and selling agricultural commodities including fruits, vegetables, seeds, and herbal products, and it is using contract manufacturing arrangements rather than building its own processing capacity from scratch. - **Seasonal and rain-dependent** - the commodity-trading business follows the Kharif and Rabi crop cycles and rises or falls with the monsoon, so revenue will be lumpy by nature. - **A sideline in public health** - the same mandate lets the company manufacture, bottle, and distribute pest-control and insect-control products for general use, blurring the line between agri-inputs and household chemicals. ## 3. Paper division: a small trading top-up **A minor stream that supplies paper - the very raw material the printing business consumes - likely smoothing procurement for the legacy plant while generating a sliver of outside revenue.** - **Paper as a traded good** - the division deals in paper, which is also the primary raw material for the company’s own printing and stationery manufacturing, suggesting it serves as both an internal sourcing channel and an external sales line. - **Tiny relative to the whole** - it accounts for roughly 7% of the segment mix, making it a rounding item next to the printing workshop and the new agricultural push. # Group structure and partners **A standalone listed company with no subsidiaries, a single manufacturing site, and a web of related-party transactions that tie the business to the personal affairs of its directors.** - **No group, just a single entity** - Shakti Press has no subsidiary, associate, or joint venture, and its shares trade only on the BSE, making it a pure standalone operation with no corporate buffer. - **The factory sits on someone else’s land** - a building the company constructed and uses as a fixed asset stands on land that belongs to director Shantanu Sharma, not the company itself. - **The managing director’s residence was once a company work-in-progress** - in earlier years, capital work-in-progress of over two crore rupees was described as a private residence for the managing director and his family, built on land the company had sold, and the building was later capitalised with depreciation claimed on it. - **Key-man risk is acute** - managing director Raghav Sharma suffered a major brain stroke in April 2025 and, though back at work, has significantly weakened health, while the company carries disputed tax demands of over eight crore rupees and long-outstanding debtor litigation.