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Manjushree Technopack completes rebranding to Alternicq following Shareholder and ROC approval
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Wednesday, 25 February, 2026, 13 : 00 PM [IST]
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Our Bureau, Bengaluru
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India’s largest rigid plastic packaging company is now ‘Alternicq’ (formerly Manjushree Technopack). Following receipt of shareholder approval and the Certificate of Incorporation from the Registrar of Companies (ROC), Manjushree Technopack Limited is now officially renamed as Alternicq Limited.
The adoption of the new corporate identity marks the company’s evolution from a quality and scale-led manufacturer to innovation-led, customer-centric, integrated packaging solutions provider, with a strong focus on enabling circularity in rigid plastic packaging.
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. Alternicq is designed to symbolise collaboration between the company and its customers, reinforcing a shift from a traditional supplier role to that of a co-creation partner. The visual identity—two rectangles coming together to form a diamond—represents Alternicq and its customers coming together to create path-breaking, future-ready packaging solutions.
Thimmaiah Napanda, Managing Director and CEO, Alternicq, said, “With shareholder and regulatory approvals now secured, our transition from Manjushree Technopack to Alternicq is now complete, marking a defining milestone in our over 40 year old journey. This transition marks a shift in how we operate and engage with our customers—moving beyond a manufacturing-led approach to a collaborative, solutions-driven model offering integrated packaging solutions. Alternicq reflects the operating maturity we have built, where innovation, scale and execution come together to help customers manage complexity and meet evolving market and sustainability requirements. As demand for rigid plastic packaging in India continues to grow, our integrated design and pan-India manufacturing presence position us strongly to scale and gain market share.”
As customer needs have evolved, the company has expanded well beyond manufacturing to become a one-stop packaging solutions partner, combining scale, agility, technical expertise, regulatory expertise and collaborative innovation all under one roof. Alternicq brings together 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.
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. The new corporate identity aligns the company’s operating model, innovation capabilities and customer partnerships under a single, future-ready brand.
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