JK Paper Ltd (JKPL) has announced that its Board of Directors has approved the acquisition of a majority stake in Borkar Packaging Private Limited (BPPL). BPPL is a prominent player in the packaging industry, producing products like folding cartons, corrugated boxes, and labels. With seven manufacturing plants across India, BPPL recorded a revenue of ₹393.20 crore in FY 2023-24.
Harsh Pati Singhania, Chairman and Managing Director of JK Paper, commented, “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.”
With this acquisition, JK Paper strengthens its leadership in the corrugated packaging market and positions itself among the top three companies in the folding cartons space. The acquisition is expected to broaden JK Paper’s product portfolio and customer base significantly.
In its quarterly results for the period ending June 2025, JK Paper reported a consolidated turnover of ₹1,784.88 crore, EBITDA of ₹272.20 crore, and Profit After Tax (PAT) of ₹81.23 crore. Despite challenges such as rising domestic wood prices and cheap imports affecting sales, the company showed a positive sequential profit improvement.
The company also continued its focus on social farm forestry initiatives, planting 3.07 crore saplings across 21,659 acres. Additionally, its CSR efforts reached 860 villages in 9 states, benefiting nearly 11.75 lakh individuals in areas like education, women empowerment, and sustainable agriculture. JK Paper is a market leader in branded copier paper and among the top producers of coated paper and packaging products in India.
