Creative Graphics bets big on pharma packaging business

Its fully-owned subsidiary, Wahren India, dedicated to offering high-quality and innovative packaging solutions for the pharmaceutical industry, has signed reputed clients in the sector, including Skymap Pharmaceuticals, Theon Pharmaceuticals, Tirupati Lifesciences, United Biotech and Akums India.

In a strategic move to expand its business beyond the core of manufacturing flexographic printing plates, the Noida-headquartered company acquired Wahren India in September 2023. Wahren India specialises in manufacturing laminated aluminium foil for pharmaceutical packaging, and its product basket includes Alu-Alu Foil, Aluminium Blister Foil, Pharmaceutical Sachet and CR Foils.

Creative Graphics Solutions plans to raise funds through an IPO and invest Rs 35-crore in Wahren India, to meet its working capital requirements in fulfilling growing demand in the pharmaceutical packaging business.

Deepanshu Goel, founder & managing director, Creative Graphics Solutions, said, “We ensure the safety and effectiveness of our clients’ medicines by providing reliable packaging solutions that meet the highest regulatory standards. With the pharmaceutical industry witnessing phenomenal growth across the globe, the demand for quality packaging is set to swell further in the coming years. To meet the growing demand for eco-friendly packaging in the pharmaceutical industry, we are planning to invest in our packaging subsidiary – Wahren India, by raising capital through an IPO. Therefore, we are bullish on doubling revenue from the pharmaceutical packaging business by March 2026.”