
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.

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




















































Golden Peacock Award 2025 for quality

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

Quality Circle Forum of India: gold award for best Kaizen

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

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

Marico award for quality excellence and industry best practices

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

Golden Peacock occupational health and safety award: winner

Certifications







