Mumbai, 5th December 2024: Kris Flexipacks Private Limited, a leader in the flexible packaging industry, is proud to announce that CRISIL has upgraded its long-term rating to ‘CRISIL A’ from ‘CRISIL A-‘. The outlook has also been revised to ‘Stable’ from ‘Positive’. This significant achievement underscores the company’s robust financial health and commitment to packaging excellence.
The rating action involves a total bank loan facility of Rs. 141 Crore, reflecting Kris Flexipacks’ strong financial performance and strategic growth initiatives. The upgrade to CRISIL A and the stable outlook are testaments to the company’s resilience and ability to navigate the dynamic market landscape effectively.
Since its inception, Kris Flexipacks has been at the forefront of innovation in the flexible packaging industry in South Asia. Our mission is to provide customized and cutting-edge packaging solutions that meet the diverse needs of our clients. The company’s product portfolio includes Shrink Sleeves, BOPP WAL, Stretch Sleeves, laminate pouches and Rolls, Hygiene packaging, general Flexibles, and Garment packaging. We serve a wide array of industries, including Dairy, Food & Beverages, Pharmaceuticals, Personal & Home Care, Health and Beauty, etc.
Mr. Shailesh Sheth, Chairman and Managing Director of Kris Flexipacks, stated: “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.”
Dedication to innovation and quality has enabled the creation of packaging solutions that add significant value to clients’ products. By leveraging advanced technology and a customer-centric approach, the aim is to enhance the overall consumer experience. The team of experts works tirelessly to develop packaging that is not only functional but also aesthetically appealing, ensuring that clients’ products make a lasting impression.