### **Overview** Commercial Syn Bags Limited (COMSYN), established in 1984, is a leading Indian manufacturer and exporter of technical textiles and industrial packaging solutions. Headquartered in Pithampur, District Dhar, Madhya Pradesh, the company operates across **three business segments**: 1. **Manufacturing and selling of technical textiles** (core business) 2. **Trading of polymeric granules** 3. **Solar power generation for captive use** With over four decades of industry experience, COMSYN has evolved into a globally recognized brand, serving more than 40 clients across 25+ countries. It holds **ISO certification** and an **AA+ rating under BRCGS Packaging Accreditation**, underscoring its commitment to quality and international standards. --- ### **Business Segments & Product Portfolio** COMSYN specializes in high-quality, durable industrial packaging and technical textile products. Its diversified portfolio includes approximately **15 product lines**, such as: - **Flexible Intermediate Bulk Containers (FIBCs)** – over 70% of revenue - HDPE/PP woven sacks, jumbo bags, and box bags - Tarpaulins (**branded as TIGER TARPAULIN**) - Pond liners, mulch films, geotextiles, nets - Flexible pipes (**branded as COMSYN SWAJAL**) - Laminates, vermi beds, BOPP films, masterbatch, thread/filler cord - Melt-blown non-woven fabric All other products are marketed under the unified **COMSYN** brand. The company offers customized, design-integrated packaging solutions for industries including **agriculture, construction, chemicals, food, pharmaceuticals, petrochemicals, cement, animal feed, and waste management**. --- ### **Manufacturing & Capacity** COMSYN operates **three fully integrated manufacturing units** in Indore (Pithampur Phase-2), including a **Special Economic Zone (SEZ) facility**, with advanced capabilities: - **Unit I**: Tape manufacturing, circular weaving, stitching, and material handling with full power backup - **Unit II**: Equipped with rotogravure printing, 3-layer blown film plant, lamination, and automatic bag conversion lines - **SEZ Unit**: Focuses on cutting, stitching, balling; expanded in 2022 with **clean room facilities** for food-grade FIBC production In **September 2023**, the company commenced commercial production at its new **Techtex unit** in Indore SEZ, adding **3,900 MTPA** capacity. As of 2025: - **Standalone production capacity**: 24,530 MTPA - **Consolidated capacity (including wholly owned subsidiary)**: **27,630 MTPA** - Annual production capacity of **6–7 million big bags (FIBCs)** The company's **integrated, BIS-certified food-grade FIBC manufacturing facility** is among the best in India, catering to stringent global food and pharma packaging standards. --- ### **Market Presence & Sales** COMSYN maintains a **strong export orientation**, with **~70% of manufacturing segment sales derived from international markets**: - **Key export regions**: European Union (EU), United Kingdom (UK), United States (USA), Latin America, Central America, Eastern Europe, and parts of Africa - Exports accounted for **₹23,846.45 lakhs** in FY23 (vs ₹8,759.94 lakhs domestic) - Recognized by the **Government of India as an Export House** It serves **global B2B clients** across six continents, emphasizing long-term relationships through quality, customization, and reliability. The company benefits from being a **Design-Cum-Approver (DCA) cum Consignment Stockist (CS)** for **ONGC Petro Additions Limited (OPaL)**, which enhances its raw material procurement, cost efficiency, and domestic market reach. --- ### **Financial & Operational Highlights** - **Revenue Growth**: Total revenue from key product lines (Master Batch, Fabric, BOPP Film, Thread/Filler Cord/FIBC/Rope) reached **₹1,488.32 lakhs** in the reporting period (up from ₹1,152.43 lakhs), indicating robust demand across core segments. - **5-Year CAGR**: ~**10–13%**, reflecting consistent revenue expansion. - **R&D Focus**: Ongoing innovation to align with evolving customer needs and sustainability trends.