Diksha Polymers Limited, founded on March 3, 1998, originally operated under the name *Vijay Pet Plast India Private Limited*. After multiple transformations—including a name change in February 2000 and conversion to a public company in June 2024—the firm now stands as a prominent manufacturer of PET bottles, containers, preforms, and caps, primarily serving the beverage and oil industries through a business-to-business (B2B) model.
Operating from three manufacturing facilities in Gwalior, Madhya Pradesh, Diksha Polymers boasts a production infrastructure spread across 26,879 sq. ft. The facilities house machines with an annual installed capacity of 2,100 metric tons for PET bottles and 1,785 metric tons for PET preforms, capable of molding diverse products ranging from 8 grams to 250 grams. The company's industrial expertise ensures the manufacture of high-volume plastic solutions tailored for its clients.
In 2024, the company strategically expanded its product portfolio by acquiring the running business of its promoter, M/s Diksha Packaging, through a Business Transfer Agreement. This acquisition included plant and machinery assets and enabled Diksha Polymers to introduce PET preforms as an additional product line, further strengthening its market position in the packaging sector.
To support growth and scale operations, Diksha Polymers Limited plans a public issue of 16,00,000 equity shares with a face value of Rs. 10 each through a fresh issue. This capital raise is expected to provide the company with financial flexibility to enhance productivity, improve efficiencies, and expand its footprint in the competitive PET manufacturing market.