Gujarath Glass

Gujarath Glass

The 100 billion rupee Indian market for packaging material (of which 9 billion is glass containers) has witnessed the emergence of a company, Gujarat Glass (P) Limited (GGL) that has been extremely successful through a strategy of being "totally fixated" on the needs and expectations of the customer. Gujarat Glass (P) Limited is a leading manufacturer of glass packaging for pharmaceutical and cosmetic products. A dynamic venture of Piramal Enterprises, Gujarat Glass was acquired in 1984. In 1990-91, the company was merged into Nicholas Piramal India Limited, a major pharmaceutical company of the group. In 1998, Gujarat Glass was formed as an independent subsidiary of Nicholas Piramal, with 54% of the shareholding with Nicholas Piramal and 46% held by a consortium of international investors. Since the time Gujarat Glass was acquired, its products were strategically for the healthcare industry, unlike other glass companies catering to diverse industries. Gujarat Glass has focused on being the leading provider of "flaconnage" (glass containers for the quality conscious pharmaceutical and cosmetics industries). With a compounded annual sales growth of over 35%, GGL enjoys a leadership position in the niche pharmaceutical packaging segment that it operates in. Its market share has jumped from about 20% a few years ago to over 40%.

Contact Details

Office Address

Gujarath Glass
Peninsula Corporate Park, 1st Floor, Nicholas Piramal Tower, Ganpatrao Kadam Marg
Lower Parel(W)
Mumbai, MH 400013
Phone: +91-22-56636969
Fax: +91-22-24908824

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