SMVD Poly Pack

SMVD Poly Pack Limited is an Indian company that operates in the flexible packaging industry, with its registered office located in Kolkata. The company specializes in manufacturing and selling products like PP/HDPE bags and Jumbo Bags, which are also known as Flexible Intermediate Bulk Containers (FIBC). A disastrous fire accident in July 2023 completely disrupted the company's manufacturing unit, making it impossible to continue normal business operations. The management's main focus is on securing an early settlement of its insurance claim to move forward with its recovery and rebuilding plans. As part of its future strategy, the company has planned to establish a new manufacturing plant in the state of Odisha. Before this major setback, the company had a strong operational year, recording a turnover of ?79.66 crores in the previous fiscal year.;