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, Canpac has 115 employees, reflecting a 9% year-over-year decline in headcount.

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. Its primary sector is Packaging Products. Globally, the Packaging Products sector has seen $617M in funding in 2026 to date.

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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 14, 2023	8103565	Series B	1965763	7734964	9999163	3539581
Sep 30, 2021	9859817	Series A	4877216	2951823	1510181	Jaya Arya & 1 more
Mar 25, 2021	7513521	Series A	9063682	8274257	JM Financial Private Equity	6618132

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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
cmk{dft	Team	-	Current	9y 3m
dvzyklx	Team	-	Current	1y 1m
Vinit Janardan Rai	Investor	-	Current	5y 5m
Raag Todi	Investor	-	Current	5y 5m
jndhbny	Investor	utxfyqc	Current	8y 4m

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	7366932	9838525	8975645	9345483
Nilesh Kumar Todi	4629812	5309682	9733088	2310436	5456806	4772490
Fund	28.54%	258Cr	7532424	2712606	6082810	7755535
Investcorp	4294333	9795879	5088553	5875835	8925005	9386047
JM Financial Private Equity	5529668	4364334	4986463	8801020	7591995	5222965
Enterprise	3.35%	30.3Cr	437	884	434	862
Angel	10.83%	97.9Cr	7122114	4507398	3045970	1780059
Harish Bhagchandani	493	484	363	519	945	443
Sumit Bhagchandani	86	56	81	34	30	86
Other People	16.93%	153Cr	3458072	8283582	4541149	9714626
ESOP Pool	1.86%	16.8Cr	3	8	1	7
Total	100.00%	904Cr	8821517	6788113	4245826	8190433