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Manjushree Technopack unveils its new brand ‘Alternicq’
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Friday, 06 February, 2026, 13 : 00 PM [IST]
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Our Bureau, Bengaluru
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Manjushree Technopack Ltd., India’s largest rigid plastic packaging company, announced that its Board has approved the change of the company’s name to ‘Alternicq ’, subject to certain other necessary approvals. The new brand has been carefully chosen to reflect the company’s strategic shift from quality and scale-led manufacturing to innovation-led, customer-centric, integrated packaging solutions while enabling circularity in plastic.
‘Alternicq’, representing alternative thinking, reflects the company’s sharpened focus on pioneering innovation and delivering high quality packaging solutions at scale, all while managing complexity for customers across the packaging value chain. The visual representation is of two rectangles coming together to form a diamond - a symbol of rarity, brilliance, strength and unique perfection. One rectangle represents Alternicq and the other, its customers, coming together to create path-breaking solutions.
As customer needs have evolved, Manjushree Technopack has expanded far beyond manufacturing to offer one-stop packaging solutions that combine scale, speed, technical expertise, and collaborative innovation all under one roof. Alternicq brings together the company’s capabilities across preforms, containers, caps and closures, pumps and dispensers, pharmaceutical primary packaging and recycling supported by pan India manufacturing, AI enabled digitised processes, and strong innovation partnerships. This integrated model allows customers to simplify operations, accelerate time to market, and focus on growing their brands while Alternicq manages complexity at scale including regulatory compliance.
Backed by PAG, one of Asia’s leading alternate asset managers, Alternicq is strengthening its presence in the packaging space, including in pharmaceutical packaging, through PAG’s acquisition of specialist pharma firm Pravesha Industries.
Thimmaiah Napanda, Managing Director and CEO, Manjushree Technopack said, “The evolution from Manjushree Technopack to Alternicq marks a defining moment in our 45 year old journey. What began as a company built on scale and manufacturing excellence has evolved into a strategic partner deeply embedded in our customers’ growth, innovation, and sustainability ambitions. Alternicq reflects who we are today, and the future we are building—one where integrated capabilities, agility, and collaboration help customers manage complexity and succeed in dynamic markets. The proposed change in the Company’s name is subject to receipt of necessary approvals.”
“Demand for rigid plastic packaging in India is expected to grow significantly, driven by rising consumption across key sectors such as FMCG, pharma and healthcare, home and personal care, agrochemicals, dairy, food, paint and more. At the same time, India’s EPR guidelines are shaping infrastructure and demand for recycled plastics. With integrated design capabilities and 275,000 MTPA of pan-India manufacturing capacity, we are well positioned to be a one-stop rigid plastic packaging partner—delivering agile, innovative solutions at scale that meet global standards and enable circularity in plastic for customers and millions of consumers,” Napanda added.
Nikhil Srivastava, Chairman, Manjushree Technopack and Co-Head of Private Equity, PAG, said, “For more than four decades, Manjushree has proven that innovation and scale can advance hand in hand. ‘Alternicq’ marks the next chapter in that journey, a brand that reflects our evolution to meet the needs of customers navigating an increasingly dynamic and demanding world. With this transformation, we move beyond being a packaging manufacturer to become a strategic partner, one that simplifies complexity, delivers reliability at scale, and drives sustained growth through alternative, agile thinking.
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