Polyplexx

In 1984, an entrepreneur named Sanjiv Saraf started a company with a focused, industrial ambition. This company, Polyplex, was established to produce a specific type of thermoplastic film used in everything from packaging to electronics. Beginning with a single plant at the foothills of the Himalayas in India, the initial operation was modest. The first plant was commissioned in 1988, setting the stage for future growth. The company didn't remain a local Indian manufacturer for long. A key part of its story is a deliberate and strategic global expansion. In 2003, Polyplex expanded into Southeast Asia by setting up a plant in Thailand. This was followed by a move into Turkey in 2005, giving them a foothold closer to European markets. By 2011, recognizing the demand in North America, the company invested in a green-field facility in Decatur, Alabama, which became operational in 2013. Today, Polyplex operates manufacturing facilities across India, Thailand, Turkey, the USA, and Indonesia. A significant event in the company's more recent history occurred in late 2023. The founder, Sanjiv Saraf, and his promoter group sold a 24.27% stake in the publicly listed company to an unknown buyer. This transaction marked a notable shift in the ownership structure of the global film manufacturing giant that Saraf had built from the ground up over nearly four decades.