Shree Tirupati Balajee Agro Trading Company Limited, established in October 2001, specializes in the manufacturing and sale of Flexible Intermediate Bulk Containers (FIBCs) and a range of other industrial packaging products. This includes woven sacks, woven fabric, narrow fabric, and tapes. The company operates as a comprehensive packaging solutions provider, serving both the Indian domestic market and international clients across diverse industrial sectors.
The company offers customized products catering to the bulk packaging needs of clients from various industries such as chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil. Headquartered in India, Shree Tirupati Balajee has established itself as a significant player in the industrial packaging sector, focusing on delivering quality solutions that meet international standards.
The promoter of the company is Binod Kumar Agarwal, who spearheads the organization's strategic direction and growth initiatives. The company's business model is centered on innovation, quality, and customer-centric solutions to maintain its competitive edge in the packaging industry.
The company boasts a comprehensive product portfolio designed to meet various industrial packaging requirements. Their offerings span industrial and consumer packaging solutions, lifestyle products, automotive components, healthcare products, and construction-related items. Key products include:
- UN-certified bulk bags
- Thermal insulation bags
- Type C bags
- Patented Aero-polymesh bags
- Fire retardant bags
- Shape-lock bags
- Rodent repellent bags
- Multi-layer liner bags
- Drum bags
- Container liner bags
- Recycled PP bags
- BOPP printed bags
- Asbestos bags
- Sift-proof bags
- Type D bags
- Specialized PP woven bags
Shree Tirupati Balajee is a manufacturer and exporter of PP packaging materials/products, holding prestigious certifications including ISO 22000-2018, ISO 14001-2015, ISO 9001-2015, HALAL, and SEDEX SMETA. The company is equipped with an integrated cleanroom FIBC manufacturing facility, certified with B.R.C.G.S. This extensive certification portfolio underscores the company's deep commitment to adhering to international quality standards across its manufacturing operations.
Their manufacturing capabilities are powered by advanced infrastructure and technology. The company operates state-of-the-art production facilities outfitted with sophisticated machinery, enabling them to offer highly customized packaging solutions and meet specific customer requirements while maintaining consistent product quality and delivery schedules.
The company strategically operates through several subsidiaries, including Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). These entities allow for product diversification and effective engagement with different market segments.
Shree Tirupati Balajee operates a total of five manufacturing units:
- Units I and II: Certified with ISO 9001:2015 and ISO 14001:2018.
- Unit III: Certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and SEDEX SMETA four-pillar.
This multi-facility approach provides significant operational flexibility, risk mitigation, and ensures consistent production capacity to meet market demand.
As of July 2024, the company employs 857 department employees, reflecting its substantial operational scale and workforce capacity. This human resource strength is crucial for maintaining manufacturing operations, supporting growth initiatives, and ensuring robust customer service.
Shree Tirupati Balajee Agro Trading Company Limited has demonstrated solid financial performance across key metrics:
- Revenue (Q4 FY25): ₹137.65 Cr (as of March 2025)
- Net Profit (Q4 FY25): ₹6.96 Cr (as of March 2025)
Comparing the fiscal years ending March 31, 2024, and March 31, 2023, the company experienced significant growth:
- Revenue Growth: Increased by 16%
- Profit After Tax (PAT) Growth: Rose by 74%
This upward trajectory highlights the company's ability to expand its market presence while maintaining effective cost management and improving profitability.
- Market Capitalization: ₹383.4 Cr (as of June 26, 2025)
This valuation reflects investor confidence in the company's business model and its growth prospects within the industrial packaging sector.
Key Financial Metrics (Recent Reporting):
- Operating Revenue (Trailing 12 Months): ₹579.40 Cr
- Annual Revenue Growth: 8%
- Pre-Tax Margin: 8%
- Return on Equity (ROE): 8%
- Debt to Equity Ratio: 3% (indicating a healthy balance sheet)
Shree Tirupati Balajee's Initial Public Offering (IPO) was a significant milestone:
- IPO Bidding Period: September 5, 2024 – September 9, 2024
- Allotment Finalization: Tuesday, September 10, 2024
- Listing Date: September 12, 2024, on BSE and NSE
The IPO was a bookbuilding issue of ₹169.65 crores, comprising a fresh issue of 1.48 crore shares (₹122.43 crores) and an offer for sale of 0.57 crore shares (₹47.23 crores). This structure provided capital for business expansion and liquidity for existing shareholders.
Shareholding Pattern:
The promoter holding remains stable, indicating consistent commitment to the company's growth:
- Promoter Holding (Latest Quarter): 65.42%
- Promoter Holding (Previous Quarter): 65.42%
The company's operational framework is built on robust quality management systems and industry-leading certifications. Shree Tirupati Balajee is a certified manufacturer and exporter of FIBC and PP packaging products, holding:
- ISO 22000-2005
- ISO 14001-2015
- ISO 9001-2015
- B.R.C.G.S. Certification
These certifications ensure strict adherence to international standards for food safety, environmental management, and quality management systems.
The company's commitment to customer service and timely delivery is evident in its operational efficiency:
- Maximum Response Time to Enquiries: 24 hours
- Lead Time to Dispatch Container: 4 weeks
- Turnaround Including Shipping Documents: Within 42 days from order placement
This efficiency is critical for success in the industrial packaging sector.
Shree Tirupati Balajee's focus on sustainability and environmental responsibility is integrated into its operations and reflected in its certifications. These initiatives align with the growing industry demand for environmentally conscious manufacturing processes and sustainable packaging solutions, positioning the company favorably for future opportunities in eco-friendly packaging segments.
