Past performance
About Bandaram Pharma Packtech Ltd Bandaram Pharma Packtech Limited, initially established as Shiva Medicare Limited in December 1991, has transitioned from manufacturing latex gloves to focusing on the recycled paper industry since 2022. The company now exclusively processes and supplies recycled paper to small and medium-sized paper mills, primarily in Andhra Pradesh's East and West Godavari districts. The recycled paper, derived from consumer waste like newspapers and notebooks, is collected by hawkers and dealers before being sorted and baled, ensuring high-quality feedstock for production processes.
The company originally began with latex examination gloves production, exporting to Steriltx (USA) after acquiring a division from Vijayshree Spinning Mills in 1992. Despite its earlier diversification into gloves manufacturing, including nitrile and surgical gloves, the company has since refocused on the paper industry. The acquisition of VSR Paper and Packaging Limited in April 2022 marked a strategic move to consolidate its position in the recycled paper market.
Performance overview