Kris Flexipacks Private Limited, a prominent name in South Asia’s flexible packaging sector, has reached a new milestone with its long-term rating upgraded to ‘Crisil A’ from ‘Crisil A-’. The credit rating outlook has also shifted to ‘Stable’ from ‘Positive’, reflecting the company’s financial robustness and strategic growth trajectory.
Significance of the Upgrade
The upgraded rating covers a bank loan facility of ₹141 crore and highlights Kris Flexipacks’ strong financial performance and ability to adapt to market dynamics. This achievement underscores the company’s resilience in the face of evolving industry demands and reinforces its position as a trusted partner for innovative packaging solutions.
Diverse and Innovative Product Portfolio
Kris Flexipacks has consistently pioneered advancements in flexible packaging, serving a wide range of industries including:
· Dairy
· Food & Beverages
· Pharmaceuticals
· Personal & Home Care
· Health & Beauty
The company’s product offerings include:
· Shrink Sleeve
· BOPP WAL
· Stretch Sleeves
· Laminate Pouches and Rolls
· Hygiene Packaging
· General Flexibles
· Garment Packaging
Leadership Insight
Chairman and Managing Director Shailesh Sheth expressed his pride in this achievement, stating:
“We are immensely proud of this achievement and the recognition from CRISIL. This upgrade to ‘CRISIL A’ and the stable outlook reflects our unwavering commitment to financial discipline, innovation, and excellence in the flexible packaging industry. At Kris Flexipacks, we strive to deliver superior value to our clients through our cutting-edge packaging solutions and dedicated customer service. This milestone is a testament to the hard work and dedication of our entire team, and we look forward to continuing our journey of growth and innovation.
A Leader in Flexible Packaging
Since its inception, Kris Flexipacks has been committed to providing customized and technologically advanced packaging solutions tailored to client needs. The company’s innovation-driven approach and robust financial health continue to position it as a leader in the flexible packaging industry in South Asia.
This CRISIL rating upgrade further strengthens Kris Flexipacks’ credibility, paving the way for continued growth and excellence.