### **Overview** Shish Industries Ltd., established in 2012 and headquartered in Surat, Gujarat, is a leading Indian manufacturer and exporter of innovative plastic packaging, industrial materials, and thermal insulation solutions. The company has evolved into a fully integrated industrial solutions provider, combining product design, R&D, manufacturing, and digital commerce. With a strong focus on innovation, sustainability, and global expansion, Shish Industries is strategically diversifying beyond its core B2B packaging business into B2C consumer products, e-commerce, advanced composites, and circular economy initiatives. --- ### **Core Business Segments** - **Material Handling**: PP/PE woven fabric, FIBC bags, plastic corrugated sheets (Saffguard™, Stagguard™), tarpaulins, PP boxes. - **Insulation & Building Materials**: Carmika™ (indigenous reflective insulation), insulated water tank covers, Arkina™ Roof Underlayment. - **Thermal & Cold Chain Solutions**: Bealuga™ cooler bags, ice boxes, and temperature-controlled packaging. - **Home & Consumer Products**: B2C expansion into essential home, décor, and lifestyle items via e-commerce. --- ### **Key Innovations & Differentiators** - **Pioneered Innovations**: - First in India to develop and patent a **5-ply polypropylene corrugated sheet**. - Developed **Carmika™**, India’s first indigenous reflective insulation product. - Introduced **insulated water tank covers** and **Arkina™ Roof Underlayment**, reinforcing leadership in specialty plastics. - **Patents & R&D**: Holds multiple applied and granted patents in thermal insulation, folding pallet structures, and ventilation-integrated packaging. - **Dedicated R&D Team**: Composed of experienced industry experts, driving product development and customized solutions. --- ### **Manufacturing & Operational Strength** - **Facilities**: Multiple manufacturing plants in the Surat district of Gujarat, with a total footprint of **80,000 sq. ft.** - **Production Capacity**: Targeting **29,400 metric tons annually by end-2024**, with plans to commission a second plant for further scale-up. - **Raw Material Access & Export Logistics**: Strategic location in Western Gujarat provides proximity to ports and raw material suppliers, enabling efficient domestic and international distribution. --- ### **Strategic Expansion & Subsidiaries (2022–2025)** #### **1. E-Commerce & Digital Transformation** - **Shish Global Solutions Private Limited** (Wholly Owned Subsidiary) - **Established**: August 2022, with formal activities commencing in 2023–24. - **Purpose**: Entry into e-commerce and digital commerce. - **Platform**: Launched **shishcart.com** and **InPackaging**, a digital ecosystem for packaging solutions. - **Focus Areas**: - B2C sales of **home & office décor, sanitaryware, hardware, building materials, pipes & fittings**. - **InPackaging Platform** (launched March 2024): - Five verticals: Packaging Knowledge Forum, Product Marketplace, Rental Packaging, EPR & PWP Infrastructure, PRIDE Lab & Packaging Rating. - Aims to build a **full-service, sustainable packaging ecosystem** for MSMEs and global clients. - Plans to establish an **international testing lab** (500+ parameters) within three years. - Launching **rental packaging solutions** to support circular economy goals. - **Market Response**: Encouraging customer traction as of April 2024, with plans to expand market presence in FY 2024–25. #### **2. Global Expansion** - **GreenEnergy International Inc.** (USA Subsidiary) - **Established**: February 2022 in Texas, USA. - **Focus**: Sales and marketing of laminated woven fabric, aluminum foil, metallized fabric, insulation materials, geotextiles, and construction products. - **Strategic Role**: Gateway to U.S. markets; supports international growth and brand visibility. - **Status**: Commercial operations initiated post-August 2022. #### **3. Diversification into Advanced Materials** - **Acquisition of Shish Advanced Composites Pvt. Ltd.** (June 2025) - **Deal Value**: ₹6.5 lakh in cash for **65% stake**. - **Focus**: Manufacturing of **composite materials, components, and assemblies**. - **Target Applications**: Aerospace, drones, automotive, and next-gen industrial systems. - **Strategic Rationale**: - Diversifies revenue streams. - Enhances technology capabilities. - Aligns with national missions: **Make in India** and **Atmanirbhar Bharat**. #### **4. Expansion in Packaging Portfolio** - **Acquisition of VARNI PACKAGING** (August 2023) - 100% takeover of a proprietary firm manufacturing **wood and paper packaging**. - Turnover: ₹1.81 crore (FY22), ₹2.60 crore (FY23). - Result: Strengthened presence in sustainable and multi-material packaging. - **Shish Polylam Private Limited** (Wholly Owned Subsidiary) - Focus: Lamination products — radiant barriers, roof underlayments, extrusion-laminated materials. - Investment: ₹24 lakh; supported with ₹128.10 lakh in guarantees. - Status: Commercial operations commenced in 2023. --- ### **Geographic Reach** - **Exports to 45+ countries**, including UAE, Oman, Myanmar, USA, and European markets. - **Domestic Expansion Plans**: Regional offices planned in **Mumbai, Delhi, Chennai, and Pune** to enhance B2B reach. - **Global Vision**: “The world is our market” — pursuing aggressive international growth supported by U.S. subsidiary and export infrastructure. --- ### **Leadership** - **Chairman & Managing Director**: **Satishkumar Maniya** (DIN: 02529191) - **Headquarters**: Suryapur Mill Compound, Varachha Road, Surat, Gujarat. --- ### **Strategic Initiatives (As of Nov 2025)** - **Bonus Shares Issued**: 2:1 ratio approved (July 2023) to reward shareholders. - **Sustainability Focus**: - Plastic waste recycling. - Eco-friendly and biodegradable packaging. - Rental and reusable packaging solutions. - **Digital Integration**: - IT-based business solutions, virtual storefronts, secure payment processing via Shish Global Solutions. - Net commerce services excluding banking.