The company was originally incorporated as ‘Pyramid Technoplast Private Limited’ a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated December 30, 1997, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Subsequently, the name of the company was changed to ‘Pyramid Technoplast Limited’ upon conversion into public company, pursuant to shareholders resolution dated February 10, 2023 and a fresh certificate of incorporation consequent to conversion was issued on March 29, 2023 by the Registrar of Companies, Mumbai.

The company is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. Rigid IBCs are manufactured across a volume range which is in between that of standard shipping drums and intermodal tank containers, hence the title intermediate bulk container. It also manufacture MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and speciality chemicals.

The company use blow molding technology to manufacture Polymer Drums and IBCs. Injection molding technology is used for manufacturing caps, closures, bungs, lids, handles, lugs, etc. for in-house use. Its products are marketed and sold under its brand name ‘Pyramid’. It started commercial production in the year 1998 in Unit I. Presently, it has six strategically situated manufacturing units out of which four are in Bharuch, GIDC, Gujarat and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The seventh manufacturing unit is under construction at the Bharuch, GIDC, Gujarat adjacent to the existing six units. 

The company has obtained UN certification for IBC and MS Drums to meet safety levels outlined by United Nations Recommendations on the Transport of Dangerous Goods, in order to transport them safely (by road, rail, sea and air). Its manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health and safety management systems for the manufacture of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories connected thereto. Further, its MS Drums meet quality standards as per IS 1783:2014 laid down by Bureau of Indian Standards. 

Business area of the company

The company is a one of the leader in making and selling a wide range of HM-HDPE packaging products. Its portfolio includes many different types of packaging and storage containers that are both affordable and of the highest quality. It has established itself as a trusted intermediate bulk container manufacturer in India, delivering high-quality packaging solutions to a diverse range of industries. 

Major events and milestones

• 1997: Incorporation of the company.
• 1998: Commencement of production of Polymer Drums at Silvassa, UT of Dadra and Nagar Haveli.
• 2003: Acquired majority of shareholding in the company by its Promoters and Promoter Group.
• 2011: Expansion of production of Polymer Drums at Silvassa, UT of Dadra and Nagar Haveli.
• 2013: Expansion of production of Polymer Drums at Bharuch, Gujarat.
• 2014: Achieved Turnover of Rs 10,000 lakh.
• 2016: Commencement of production of IBC at Bharuch, Gujarat.
• 2016: Receipt of design registration for product, Intermediate Bulk Container (IBC) from the Controller General of Patents, Designs and Trade Marks.
• 2018: Expansion of production of Polymer Drums at Bharuch, Gujarat.
• 2019: Commencement of production of MS Drums at Bharuch, Gujarat.
• 2019: Achieved Turnover of Rs 20,000 lakh.
• 2021: Acquired land and started construction at GIDC Vilayat Industrial Estate for expansion of IBC manufacturing operations.
• 2022: Achieved Turnover of Rs 40,000 lakh.
• 2023: Conversion of the company from private limited to public limited.
• 2023: Obtained provisional consent to establish from Gujarat pollution control Board for setting up of Unit VII.