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NSE
Piramal Glass Ltd. is not traded on NSE in the last 5 days
BSE
Piramal Glass Ltd. is not traded on BSE in the last 5 days

Piramal Glass incorporated in 1998, is engaged in the business of manufacturing packaging solutions for the perfumery and pharmaceuticals.

Company provides complete solutions including full bottle design capabilities, in–house mould design, CNC machines for mould manufacturing, high quality glass manufacturing and dedicated ancillaries for decoration and accessories like caps, cartons and brushes.

Under pharmaceuticals the company manufactures products such as moulded vials, injectables and bottles. In domestic market PGL enjoys about 40% market share. Further in cosmetics and perfumery segment the company manufactures glass containers for nail polish, perfumes, foundations, attars, etc.

The company is the one of the largest manufacturers of flacconage glass for two segments namely pharmaceutical and perfume. It has an installed capacity of 1,115 tonnes per day, and sales of more than $200 million worldwide. Further the company also manufactures glass bottles for specialty food and beverages.

Company?s manufacturing facilities is located at India and Sri Lanka which makes it a low cost glass manufactures giving it edge above its competitors.

Major customers of containers for pharmaceutical industry are Glaxo Smithkline, Pfizer, E–Merck, Alembic, Aventis, Dabur (India), Ranbaxy, Cipla, Himalaya drugs, Dr. Reddy's Laboratories, and Piramal Healthcare.

Major customers of containers for cosmetics and perfumery business are Dumak LLC, LOreal, Erkui Kozmetic, Compagnie De Diffussion, Niasi, Expak, Baralan International, S F Patel & Sons, Estico and Revolline.

Globally, the company has network of distributors spread across in countries namely Netherlands, Belgium, Thailand, Spain, Columbia, Denmark, Turkey, Indonesia, Mexico, Italy, Russia and Brazil.

The Company has ISO 9001, ISO 14001 certification and OHSAS (Occupational Health, Safety Analysis Series) i.e. ISO 18001 certification.Milestone1984–Piramal Group acquired Gujarat Glass.

1990–The company was merged with the group company Nicholas Piramal India leading to forming of business division of group.

1998– The glass division was demerged from the group leading formation of Piramal Glass which was incorporated in same year.

1999–Company acquired Ceylon Glass Company, Sri Lanka.

2003–Nicholas Piramal India demerged its 54 % holding to Kojam Fininvest.

2005– The company acquired a part of the Glass Group earlier known Wheaton Glass. This led the company to foray into the US market.

2008–Kojam was merged into Gujarat Glass, now known as Piramal Glass

Future Prospects

Piramal Glass plans to raise upto Rs 200 crore through rights issues for further expansion of its business.

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