JK Paper Acquires Majority Stake in Borkar Packaging to Strengthen Packaging Business

JK Paper to Acquire Borkar Packaging Stakes

Image Credits: JK Paper

JK Paper Limited, a leading Indian paper manufacturing company, has announced that the company will acquire a majority stake in Borkar Packaging Private Limited. Borkar Packaging is a leading company specializing in products like corrugated boxes, labels, and folding cartons. The announcement was made after the Board of Directors approved the acquisition.

Borkar Packaging has around seven manufacturing plants in India, where they accounted for a revenue of rupees 303.20 crore in FY2023-24.

The chairman and managing director of JK Paper, Harsh Pati Singhania, said,

“The packaging conversion sector is one of the fastest-growing segments in India, driven by expanding demand across multiple industries. This acquisition aligns with our long-term strategic goals and enables us to offer comprehensive solutions to customers in secondary and tertiary packaging. BPPL will benefit from our expertise in manufacturing, operational excellence, financial management, and corporate governance.”

JK Paper is expected to improve its corrugated packaging market presence and also mark their place in the top three companies in the folding cartons space with this acquisition. It will further help the company to expand its consumer base in the country.

JK Paper reported its quarterly results for the period ending June 2025, where the consolidated turnover was reported as Rupees 1,784.88 crore, EBITDA of Rupees 272.20 crore, and Profit After Tax was accounted for as Rupees 81.23 crore. The company had an impactful year despite certain challenges like rising wood prices and cheap imports.

The company has maintained its focus on improving social farm forestry initiatives, planting 3.07 crore saplings across 21,659 acres. Additionally, the CSR efforts reached 850+ villages across nine states. They are now being recognized as a market leader in branded copier paper among other industry players in the Indian packaging market.