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§ Private Profile · Plot nos. 34-37, Phase 2, IDA, Pashammylaram, Medak District, 502 307, A.P., INDIA
Manufacturer and exporter of steel and plastic strapping systems for industrial transit packaging, focused on operational contract.
Key people at ITW Signode India Limited.
ITW Signode India Limited manufactures and exports steel and plastic strapping systems and related industrial transit packaging solutions, primarily under the Signode brand, serving global markets. The company provides a range of strapping products, tools, and machines, focusing on operational contract manufacturing for these solutions. As of February 2025, it reported 718 employees and an estimated annual revenue between 250-500 crores INR. The entity operates as a subsidiary of Crown Holdings Inc., which acquired the business in 2018, marking Crown's entry into the Indian market. Prior to this, it was part of ITW (Illinois Tool Works) and was also owned by The Carlyle Group in 2014. ITW Signode India Limited was incorporated on August 13, 2003, as a wholly owned subsidiary of ITW India Limited.
ITW Signode India Limited (SIL) is a leading Indian manufacturer of industrial packaging solutions, specializing in strapping, stretch, protective packaging, tools, and equipment to secure goods during transit, storage, and handling.[1][2][3] As a subsidiary of the global Signode Industrial Group (formerly under Illinois Tool Works and now owned by Crown Holdings Inc.), SIL serves diverse industries with customized, sustainable packaging from 10 manufacturing units and a pan-India network, employing over 900 people in India.[1][3] It optimizes end-of-line operations, protects products in bulk transport via trucks, rail, sea, or air, and holds a dominant market position in India's strapping and wrapping segments with a reputed, diversified clientele.[2][3]
SIL was incorporated on August 13, 2003, as a wholly owned subsidiary of ITW India Limited, itself a subsidiary of Illinois Tool Works (ITW), USA.[3] The Signode Industrial Packaging Division (IPD), under which SIL operates, traces its roots to 1980 when ITW began producing the 'Signode' range of products in India, building a strong market presence over three decades.[3] Ownership evolved with The Carlyle Group acquiring ITW's global IPG division in May 2014, followed by Crown Holdings Inc. (a packaging leader since 1927 with $2.86 billion net worth as of December 2023) taking 100% stake in Signode Industrial Group.[3] This heritage of over 100 years in industrial bulk packaging has positioned SIL as a pioneer in materials, processes, and automation innovations.[2][3]
SIL rides the wave of industrial automation and sustainable supply chain trends, where efficient end-of-line packaging is critical for e-commerce growth, global trade, and just-in-time manufacturing in India.[1][4] Timing aligns with rising demand for secure bulk transport amid expanding logistics (road/rail/sea/air) and ESG pressures, as firms minimize waste and carbon footprints—SIL's innovations in stretch wrappers, battery tools, and pallet alternatives directly address these.[3][4] Market forces like diversified industrials and consumer goods sectors favor its position, influencing the ecosystem by setting standards in transit protection and enabling scalable operations for manufacturers worldwide.[2][3]
SIL is poised for growth through Crown's global resources, expanding automation (e.g., high-speed bundlers like SGP 5330, Octopus Prestige wrappers) and sustainability goals targeting 2030 ESG milestones.[3][4] Trends like AI-driven packaging optimization, electric tools, and pallet-free alternatives will shape its path, potentially boosting India's packaging market share amid logistics booms. Its influence may evolve by leading regional innovations, strengthening supply chain resilience—from a reliable transit protector to a full-spectrum automation partner.[4] This builds on its century-plus legacy, securing goods in an increasingly connected world.
Key people at ITW Signode India Limited.
