Alternicq

About Alternicq

Alternicq helps organizations solve complex packaging challenges with industry-first innovations.

We deploy reliable and large-scale operations that serve multiple applications and Industries.

Rendering us the only truly integrated Rigid Plastic Packaging manufacturer in India.

Alternicq is built on a simple belief. Innovation should occur at scale. It should be systemic, repeatable. Indisputable.

Alternicq packaging products

For over four decades, we have evolved from a trusted packaging manufacturer into a future-focused partner for leading brands. Today, we combine alternate thinking with operational excellence to deliver solutions that move industries forward.

With integrated capabilities across design, manufacturing, recycling, and innovation, Alternicq reshapes the future of India's largest rigid plastic packaging industry.

our teams translate ideas into real-world impact through advanced technology, strong partnerships, and deep customer collaboration.

Because true innovation is not defined by a single breakthrough. It is built through thousands of decisions made right, every day.

That is how Alternicq continues to shape what's next.

Vision icon

Vision

To be India's most preferred packaging partner, pioneering innovations that enable our customers' success while advancing sustainable solutions for tomorrow.

Mission icon

Mission

To become a ₹8500+ crore enterprise by 2030 with 20%+ ROCE, serving as the strategic packaging partner to leading global brands.

Our values

Customer-centricity

Customer-centricity

We place our customers at the heart of every decision. By understanding their needs, listening to their feedback, and acting with speed and purpose, we continuously improve the way we serve and create value.

Performance-orientation

Performance-orientation

We set clear goals, maintain high standards, and hold ourselves accountable. Every team member understands the direction in which we are heading and how their contribution drives meaningful outcomes.

Collaborative approach

Collaborative approach

Great outcomes are built together. We work across teams with trust, respect, and shared intent to solve problems, align goals, and deliver stronger solutions.

Agility & responsiveness

Agility & responsiveness

We adapt quickly to change and act with confidence in the face of new challenges. Our ability to move fast and embrace change keeps us ahead in a dynamic world.

Ethics & integrity

Ethics & integrity

We operate with transparency, fairness, and accountability. Our actions reflect our commitment to ethical conduct, compliance, and the highest standards of professional integrity.

Manufacturing technologies we operate in

Locations

29

Total facilities

6

Product categories

16

States covered

facilities

Our journey

1987

MTL established

2015

Kedaara Capital buys stake

2018

Acquired by Advent International

2025

Acquired by PAG

2026

MTL rebrands to Alternicq

Strategic acquisitions

2016

2019

2021

2022

2024

2025

Varahi

National Plastics (NAPLA)

Pearl Polymers Classy Kontainers

Hitesh Plastics

Oriental Containers

Pravesha Industries

Awards and recognitions

2025

Golden Peacock Award 2025 for quality

Golden Peacock Award 2025 for quality
2024

UBS Forum: procurement team of the year and best procurement transformation award

UBS Forum: procurement team of the year and best procurement transformation award
2023

Quality Circle Forum of India: gold award for best Kaizen

Quality Circle Forum of India: gold award for best Kaizen
2023

PrintWeek Awards: packaging company of the year (rigid packaging: metal, PET, plastic, glass)

PrintWeek Awards: packaging company of the year (rigid packaging: metal, PET, plastic, glass)
2023

Nerolac Paint+ NICE Award: co-creator recognition at the Nerolac Supplier Conference

Nerolac Paint+ NICE Award: co-creator recognition at the Nerolac Supplier Conference
2023

Marico award for quality excellence and industry best practices

Marico award for quality excellence and industry best practices
2023

Coca-Cola award for being the secret ingredient to their winning formula

Coca-Cola award for being the secret ingredient to their winning formula
2021

Golden Peacock occupational health and safety award: winner

Golden Peacock occupational health and safety award: winner

Certifications

ISO 9001FSSC 22000/ISO 22000 (Food Safety System Certificate)SMETA (SEDEX Member Ethical Audit) & SGPISO 15378-Pharma GMP, BSI-IS 9873 for Toys
DMF (Drug Master File) for Pharma ProductISO 14001, ISO 45001ISCCUSFDAHealth CanadaASPA
Health Canada
Sedex
ASPA
CE
GMI
GMP
ISO 9001:2015
ISO 15378