Incorporated in 2019, in Noida, Ecosure Pulp Molding is a leading designer and manufacturer of molded fiber manufacturing systems, working on the China+1 theme, where the machines are manufactured 100% in India.
● Ecosure operates via 3 operational plants and is involved in the manufacturing of 100% made in India
Semi-automatic pulp molding machines & molds and
Fully automatic pulp molding machines & molds
● Ecosure offers turnkey solutions to replace single-use plastics with environmentally friendly, compostable chemical-free, fiber-pulp molded products.
● Ecosure offers an integrated set of solutions from installation to AMC.
Manufacturing Facilities
Ecosure operates three facilities in Noida, Indore,
and Sitarganj with a combined production capacity of 25-30 machines
per month.
- Noida:
Focuses on manufacturing semi-automatic machinery.
- Indore:
Specializes in fully-automatic machinery and is set to transform into a world-class
molded fiber factory.
- Sitarganj:
Produces semi-automatic machinery and tableware.
Additionally, Ecosure has acquired land in the Dhar district, Madhya
Pradesh, for establishing an R&D plant.
Operational Achievements
- Total
Machines Delivered: 350
- Current
Service Locations: 39
- Order
Book Value: ₹105 crores, to be delivered by FY25.
- Revenue
Target: Scaling production capacity to achieve ₹200 crores revenue
by FY25.
Market Leadership
Ecosure holds a 90% market share in the pulp molding
machinery segment, capitalizing on its early mover advantage in a market
with limited competition. Strong product acceptance is driven by long-term
contracts and high reliability.
Customer Base
Domestic Market: Accounts
for 92% of FY24 revenue, with major clients including:
·
Satia Industries (India’s largest wood
and agro-based paper plant)
·
Greenco Industries (Satna, MP)
·
Godavari Biorefineries Ltd (Karnataka)
·
Simplex Green Package (Chennai)
·
Oom Pulp Products LLP (Punjab)
Export Market: 8% of FY24
revenue, with clients like COPAR (Australia) ordering 10 fully-automatic
thermoforming machines.
Raw Material Advantage
Ecosure sources 100% of its raw materials from within
India, ensuring cost efficiency and uninterrupted production—especially as
competitors face global supply chain constraints.
Expansion Strategy
● The net proceeds from the IPO shall be utilized in capex to increase production capacity, aiding in achieving and bolstering the top line from ₹150 Cr in FY25 to ₹250 Cr by the end of FY26, with a bottom line ranging from ₹15 Cr to ₹30 Cr.
● Theraised funds are planned to be directed towards further investment in capex to expand production capacity by establishing a state-of-the-art greenfield R&D facility in Dhar district, Madhya Pradesh as well as developing the manufacturing facility in Noida, addressing the escalating demand, and fulfilling the order book value (primarily for fulfilling the export orders).
Innovative Projects
Ecosure is collaborating with the UP Government and CLRI on
a Vegan Leather Project, utilizing Nanocrystalline cellulose and Feng
Tai from rice straw, further emphasizing its focus on innovative and
sustainable solutions.