Ballarpur Industries
Manufacturing In Gurgaon, India
About Ballarpur Industries
Ballarpur Industries Limited (BILT) is a subsidiary of Avantha Group, and was once India's largest manufacturer of writing and printing paper. The current chairman of the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry program in several states in India.
BILT has six manufacturing units across India, which give the company geographic coverage over most of the domestic market. BILT has a dominant share of the high-end coated paper segment in India. The company accounts for over 50% of the coated wood-free paper market, an impressive 85% of the bond paper market and nearly 45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper company. This acquisition transformed BILT into a major regional player and elevated the company's ranking among the global top 100. It also entered into a partnership with Red Roses Publications, Norway in 2013, which is owned and managed by a multi-billionaire.
Ballarpur Industries Features
Financials and Bankruptcy Process
The company has been reporting losses for numerous financial years and was taken to the bankruptcy court by its lenders on January, 2020. BILT's major lenders include SBI, ICICI Bank, Axis Bank, IDBI Bank and Finquest Financial Solutions.
Due to poor internal performance of the company, its stock has fallen more than 95% in a span of three years (as of March, 2020). The equity shares of BILT are listed on National Stock Exchange of India and Bombay Stock Exchange.
Ballarpur Industries Headquarters
Gurgaon, India
Support
Company Email: [email protected]
Company Contact Number: -0124-280 4242