When was Canpac founded?

Canpac was founded in 2004 and raised its 1st funding round 3 years after it was founded.

Where is Canpac located?

Canpac is headquartered in Ahmedabad, India. It is registered at GF,101/201,Block-A, Aura Villa,Sunderam Satelite CHSL,B/h Mercury Farms,Nr.Omkar Bunglows, Thaltej, AHMEDABAD, Gujarat, India, 380059.

Which legal entities is Canpac associated with?

Canpac is associated with CANPAC TRENDS PRIVATE LIMITED and 1 other.

How many employees does Canpac have?

As of May 31, 2026, the latest employee count at Canpac is 115.

Is Canpac a funded company?

Canpac is a funded company, having raised a total of $55.7M across 12 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 31, 2007.

How much is Canpac worth?

The latest valuation of Canpac is $***** as of Dec 20, 2024.

When was the latest funding round of Canpac?

Canpac's latest funding was a $***** Series B round on Dec 14, 2023, with participation from 5 investors.

What is the annual revenue of Canpac?

Annual revenue of Canpac is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Canpac rank among its competitors?

Canpac ranks 8th amongst 188 active competitors, of which 7 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Transcend Packaging, which secured an undisclosed amount in Jul, 2024.

Who are the top competitors of Canpac?

Canpac's top competitors include JK Paper, Transcend Packaging and Mondi. Among them, Transcend Packaging secured the most recent funding round in July, 2024.

Canpac - 2026 Company Profile, Team, Funding, Competitors & Financials

Canpac is a series B company based in Ahmedabad (India), founded in 2004. It operates as a Manufacturer of folding cartons, corrugated cartons, paper bags, and flexible laminates. Canpac has raised $55.7M in funding from investors like Investcorp, JM Financial Private Equity and Edutest Solutions, with a current valuation of $*****. The company has 188 active competitors, including 7 funded and 48 that have exited. Its top competitors include companies like JK Paper, Transcend Packaging and Mondi.

Company Details

Manufacturer of folding cartons, corrugated cartons, paper bags, and flexible laminates. This business produces packaging solutions for diverse industries including food and beverages, foodservice, quick commerce, personal care, fashion, healthcare, electricals, and industrial sectors. Operations include the design, development, and testing of packaging materials to ensure product integrity, safety, and durability. The company provides protective solutions for various goods ranging from luxury items to consumer products.

Website: www.canpac.in/
Social
Email ID: *****@canpac.in, *****@canpac.in
Phone Number: +91 **********
Registered Address: GF,101/201,Block-A, Aura Villa,Sunderam Satelite CHSL,B/h Mercury Farms,Nr.Omkar Bunglows, Thaltej, AHMEDABAD, Gujarat, India, 380059

Key Metrics

Founded Year

2004

Location

Ahmedabad, India

Stage

Series B

Total Funding

$55.7M in 12 rounds

Latest Funding Round

Series B, Dec 14, 2023, $*****

Post Money Valuation

$***** as on Dec 20, 2024

Investors

Investcorp & 60 more

Ranked

8^th among 188 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

115 as on May 31, 2026

Investment & Acquisitions

Veritech & 1 more

Similar Companies

JK Paper & 107 more

View Canpac's full profile

Canpac is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CANPAC MULTI-PLY PRIVATE LIMITED CIN: U21000GJ1996PTC029707 , India, Amalgamated	May 22, 1996	₹10 - ₹50 Cr (As on Mar 31, 2017)	-
CANPAC TRENDS PRIVATE LIMITED CIN: U67200GJ2004PTC044593 , India, Active	Aug 12, 2004	₹100 - ₹500 Cr (As on Mar 31, 2025)	115 (As on May 31, 2026)

Canpac has raised a total funding of $55.7M over 12 rounds. Its first funding round was on Mar 31, 2007. Its latest funding round was a Series B round on Dec 14, 2023 for $*****. 5 investors participated in its latest round. Canpac has 27 institutional investors and 34 angel investors.

Here is the list of recent funding rounds of Canpac:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 14, 2023	9313554	Series B	3166111	2731303	4809230	2504657
Sep 30, 2021	9433430	Series A	2398080	5082305	8166160	Jaya Arya & 1 more
Mar 25, 2021	2708729	Series A	7103127	1800868	JM Financial Private Equity	7905511

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View details of Canpac's funding rounds and investors

Canpac's Board of Directors

Canpac's board has 6 active members. Vinit Janardan Rai, Raag Todi, Nilesh Kumar Todi, Preeti Nilesh Todi, Anshuman Goenka and Gaurav Sharma are part of team.

Here is the list of Canpac's board of directors:

Name	Type	Representing	Status	Duration
Nilesh Kumar Todi	Team	-	Current	17y 2m
emjxwja	Team	-	Current	3y 1m
yhhczaq	Team	-	Current	8y 1m
Vinit Janardan Rai	Investor	-	Current	5y 5m
Raag Todi	Investor	-	Current	5y 5m
xojcmik	Investor	{upmdpb	Current	8y 8m

Canpac's employee count trend

Canpac has 115 employees as of May 26. The total employee count is 9.0% lower than what it was in May 25. Here is Canpac's employee count trend over the years:

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Top competitors of Canpac include JK Paper, Transcend Packaging and Mondi. Here is the list of Top 10 competitors of Canpac, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	JK Paper 1938, Delhi (India), Public	Manufacturer of paper products	-	-	62/100
2nd	Transcend Packaging 2017, Ystrad Mynach (United Kingdom), Series A	Manufacturer & supplier of packaging products and solutions	$33.7M	IW Capital, SFC Capital & 37 others	60/100
3rd	Mondi 1967, Vienna (Austria), Public	Manufacturer of paper and packaging products	-	Umbono, Austria Wirtschaftsservice & 2 others	60/100
4th	Packaging Corporation of America 1959, Lake Forest (United States), Public	Containerboard and corrugated packaging products	-	MDP, Cinven	57/100
5th	Fedrigoni 1888, Verona (Italy), Acquired	Manufacturer of paper and paper packaging products	-	-	57/100
6th	Ranpak 1972, Dallas (United States), Acquired	Manufacturer of eco-friendly paper-based packaging solutions	-	Ares Capital Corporation, Odyssey Investment Partners ... & 3 others	56/100
7th	Parksons Packaging 1996, Mumbai (India), Acquired	Manufacturer of carton packaging products	$43M	Goya, Kedaara & 9 others	56/100
8th	Canpac 2004, Ahmedabad (India), Series B	Manufacturer of folding cartons, corrugated cartons, paper bags, and flexible laminates	$55.7M	JM Financial Private Equity, Steer Advisors ... & 59 others	53/100
9th	Smurfit Kappa 1977, France, Public	Manufacturer of paper and packaging solutions, including recycling services	-	Triodos Investment Management, MDP & 2 others	52/100
10th	Sappi 1936, Rosebank (South Africa), Public	Provider of woodfibre-based products and solutions	-	RBS Group, Citi & 4 others	52/100

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Founders (largest shareholder) own 38.50%, Funds own 28.54%, Enterprises own 3.35% and Angels own 10.83%. The net worth of Canpac's founders is INR 348Cr as of Dec 20, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	38.50%	348Cr	9508794	2316765	8488458	1769640
Nilesh Kumar Todi	3009638	8378014	7325755	8727763	7964515	8458305
Fund	28.54%	258Cr	2052414	8750124	4158443	5824143
Investcorp	5393771	7137147	6841842	8169606	4879942	3938058
JM Financial Private Equity	7673381	4064080	8071152	8132925	7472868	2330236
Enterprise	3.35%	30.3Cr	408	345	623	505
Angel	10.83%	97.9Cr	5969219	1496457	1222924	4825012
Harish Bhagchandani	196	444	593	462	552	792
Sumit Bhagchandani	29	67	37	61	79	25
Other People	16.93%	153Cr	1484517	9012867	9464238	8791346
ESOP Pool	1.86%	16.8Cr	3	7	8	6
Total	100.00%	904Cr	3697970	4545920	9536506	9664759