Cilicant Chem Pvt. Ltd.

Cilicant Chem Pvt. Ltd.

Cilicant Chem Pvt. Ltd.

March 2021

Announced Date: March 2021

Value: Undisclosed

Cilicant Chem Pvt. Ltd. (“Cilicant”) receives investment from Flint Management Consultants LLP, a consortium of private individual investors.

Founded in 2011, by Mr. Manish Jain, with 20+ years of experience in the Indian desiccant industry, Cilicant is India’s fastest growing desiccant-based active packaging solution provider. Cilicant’s product portfolio includes moisture absorbing desiccants pouches & canisters, oxygen absorbers, odour absorbers & pharma-grade cotton coils.

Based in Pune, Cilicant is also the only home-grown desiccant manufacturing company to operate three state-of-the-art manufacturing facilities, two of which are US FDA compliant. The investment proceeds will support Company’s plan for capacity augmentation for the current product portfolio and fuel its expansion plans into new identified product segments.

o3 Capital is excited about the buoyant growth prospects of the Indian packaging industry. While increasing consumption, rising disposable income & burgeoning e-commerce sales are expected to drive the need for general packaging, rise in public healthcare expenditure and expanding insurance coverage are expected to fuel the demand for highly specialized, niche pharma packaging with emphasis on product stability & shelf-life enhancement.