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Company Profile

Incorporation and Promotion

Nikita Papers Limited was incorporated on December 8, 1980 as a Private Limited Company under the Companies Act, 1956. The unit started its commercial production of kraft paper in 1992 with an installed capacity of 3500MT per annum. The total project was financed jointly by UPFC and Oriental Bank of Commerce.

Progress over the Years

The Company initially set up as an Agro Waste Paper Mill for manufacturing of Kraft Paper and commenced its operations with a small 3500 TPA Capacity. Over the Years, the Company has undertaken several phases of expansion and the Production Capacity of Kraft Paper since then has increased from 3500 TPA to 36000 TPA.

Company's Approach and Perception

The Company has been maintaining pace with the changing technology in the Paper Industry. Since the start of Commercial production in 1992, the company has been regularly upgrading its production facilities and the equipments involved in the process.

Nikita Papers has also demonstrated deep commitment to the cause of preserving the environment by adopting environmental friendly practices leading to energy conservation and ultimately savings add to the bottom line. Detailed energy audits are conducted from time to time including all thermal and electrical equipments and various energy saving measures as proposed are implemented in a scheduled manner. Implementation of some of such proposals has resulted into reduced power consumption (per ton of paper) which has added to the profitability and economic viability of the Company. The Company has also set up and properly maintained essential effluent control facilities as per the norms of The Pollution Control Board.

Management

The Company was promoted by Shri Naresh Chandra Bansal along with his sons, Shri Sudhir Kumar Bansal and Shri Ashok Kumar Bansal. The chairman of the company, Shri Naresh Chandra Bansal is a renowned industrialist with a vast experience in varied fields of life. His foresight and dedication towards environment and work are till date the driving forces of the group. Now the overall affairs of the Company are looked after by Shri Sudhir Kumar Bansal and Shri Ashok Kumar Bansal acting as Executive Directors. The Promoter Directors have taken a deep interest to groom the second generation team in specialist field of Paper and allied subjects which includes Mr. Ayush Bansal (MBA Finance & Insurance), Mr. Abhinav Bansal (BE Electronics & MBA Marketing) and Mr. Anuj Bansal (MBA International Management).

Future Prospects for Paper Industry

The demand for paper in India is growing rapidly led by the government’s enhanced spending on education. This places India among the fastest growing markets in the world. The Indian Paper Industry is highly fragmented with nearly 700 manufacturing units spread across the country, with installed capacity ranging from 5 tons per day to over 1000 tons per day. The Industry has grown at a 6% CAGR over the last few years and is estimated to grow at a 7.6% CAGR over the next 2-3 years, showing strong correlation with India’s GDP Growth. At present, the total paper capacity in the country is six million tones. While the integrated producers account for about two million tons, the remaining capacity is scattered amongst a large number of standalone producers. Paper and packaging industry, hand in hand, are up for a steep rise in demands with the rise in requirements of our Country and its nationals.

Our commitment to deliver quality products and services
  • Incorporation and Promotion
  • Management
  • Progress over the Years
  • Company's Approach and Perception
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