Bai-Kakaji Polymers

About the Company

Bai-Kakaji Polymers Limited was incorporated in 2013 and is engaged in the manufacturing of PET preforms, plastic caps, and closures. The Company was originally incorporated as Harikishan Minerals Private Limited and later renamed Bai-Kakaji Polymers. It was converted into a public limited company in 2025. The Company is promoted by Balkishan Pandurangji Mundada, Harikishan Pandurangji Mundada, Akash Balkishan Mundada, Akshay Balkishan Mundada, and Kiran Balkishan Mundada, who collectively bring industry experience and operational continuity. Bai-Kakaji Polymers operates manufacturing facilities located at MIDC, Latur, Maharashtra. Its products are used in packaging applications across packaged drinking water, carbonated soft drinks, juices, and dairy products. The product portfolio includes PET preforms and specialised caps and closures designed for varied bottling requirements. The business operates under a manufacturing-led model, emphasising quality, scale, and customisation. Its strengths include an integrated product range, long-standing customer relationships, regional market presence, and consistent focus on operational efficiency and capacity expansion

Strengths

• Established manufacturer of PET preforms and plastic closures since 2013.
• Diverse product portfolio serving water, CSD, juice, and dairy segments.
• Integrated manufacturing facilities located at MIDC, Latur, Maharashtra.
• Long-standing promoter group with operational and industry experience.
• Consistent revenue growth supported by capacity expansion and automation.

Risks

• High revenue dependence on PET preforms as the primary product segment.
• Geographic concentration of operations and revenues in the state of Maharashtra.
• Exposure to volatility in raw material prices derived from petrochemicals.
• High working capital requirements are impacting cash flows.
• Customer concentration risk from key beverage and packaging clients.