COMPACKT

We introduce ourselves as a proprietorship company established in 1986.Our line of activities are primarily manufacturing of plastic thermoformed products,thermoformed seedling trays,watch and jewellery boxes for packaging and we are also in the service business of being the CFA for TITAN Industries Limited for after sales since 1988.PROMOTER:The proprietor is Mr.ATUL BHARGAVA a graduate from Agra University, schooling from The Doon School Dehradun. Son of Mr.R.P.Bhargava (founder general manager for Star Paper Mills Saharanpur).Nephew of Mr.R.C.Bhargava (former M.D.Maruti Udyog,presently on board of directors).COMPANY GROWTH:Mr.Atul Bhargava settled in Bangalore in 1984 after his graduation and started Compackt in a modest way from 450 xx and 5 employees.Today Compackt employs 100 persons, occupies about 10000 xx of working space for its various activities and achieved a manufacturing turnover of Rs.15000000,and service receipts of about Rs.4000000 for the year 2004-2005.The expected manufacturing turnover for the current year is targeted at about Rs.22500000,and service receipts at about Rs.4500000.In current financial year first three months turnover is about Rs.5200000.Compackt is in the process of setting up UNIT 2 at Dehradun Uttaranchal.The targeted turnover for the financial year 2006-2007 is Rs. 40000000.The Uttaranchal unit is based on the support of existing clients who are also supplementing capacities there to avail tax benefits announced by the government.Compackt is also in the process of actively increasing exports and is targeting about Rs. 5000000 exports in the financial year 2006-2007.MARKET:With India becoming a major sourcing location for the automobile part industry combined with domestic automobile industry demand scope for thermoformed components is increasing rapidly.Compackt is the pioneer and leader in manufacturing seedling thermoformed trays for the agriculture sector which is experiencing use of mode