Malaysia’s Creador invests $33.7m in India’s Shriji Polymers

Brahmal Vasudevan, founder and CEO of Creador at DealStreetAsia's Asia PE-VC Summit 2019 in Singapore. Photo: DealStreetAsia

Indian packaging solution provider Shriji Polymers (India) Limited (Shriji) has received an investment of 250 crores ($33.7 million) from Creador through its affiliate Sundara (Mauritius) Limited.

The deal sees Creador buying out existing domestic and international institutional investors in Shriji, giving the Malaysian private equity firm a significant minority stake in the company.

Shriji is a manufacturer of rigid plastic packaging for the regulated pharma industry. Its portfolio includes bottles, caps and specialty products for global generic pharma players. The company has a production capacity of 2 million containers and 3 million closures per day.

It has manufacturing facilities across India, the US, and China.

The new investment is expected to further boost the growth of the company.

“Partnership with Creador provides us a significant opportunity to accelerate our growth plans including adding new value-added products, continued focus on import substitution, expansion of geographic footprint and diversification of customer base”, Shriji co-founder and joint managing director Vishnu Jajoo said.

Creador managing partner Anand Narayan said the investment in Shriji will help the company provide a compelling portfolio of offerings and in diversifying across customers and geography.

Shriji now becomes the latest addition to Creador’s Indian portfolio companies. The list currently includes water storage and piping solutions provider Vectus Industries, pharmaceutical firm Corona Remedies, hospital chain Paras Healthcare and financial services company Ujjivan.

Based in Kuala Lumpur, Creador invests in companies across South and Southeast Asia. The firm has collected around $565 million for its fourth fund, Creador IV, exceeding its hard cap of $550 million, we had reported earlier.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.