Archive · 18 Sep 2026
EPL Targets ₹20,000 Crore Revenue as Blackstone Exits
EPL is a company that wants to become much larger.
It plans to double its revenue to ₹20,000 crore by 2031.
CEO Hemant Bakshi says a merger with Indovida will help achieve this goal.
The merger is waiting for approval and is close to being completed.
After the merger, EPL expects to have very little debt.
This could give the company money and flexibility to make more purchases.
EPL is considering expansion in Southeast Asia and cosmetics packaging.
The plan comes as Blackstone exits EPL.
EPL plans to double revenue to ₹20,000 crore by 2031.
CEO Hemant Bakshi says the Indovida merger is central to the growth plan.
The merger is nearing approval, according to the reports.
EPL expects near-zero debt after the merger, leaving room for acquisitions.
Potential expansion areas include Southeast Asia and cosmetics packaging.
- Who
- EPL, led by CEO Hemant Bakshi, along with Indovida and Blackstone.
- What
- EPL is pursuing a plan to double revenue to ₹20,000 crore, supported by the pending Indovida merger.
- When
- The target is 2031, described as a five-year plan; the merger is nearing approval.
- Where
- The reports identify Southeast Asia as a potential expansion market, but do not specify where the merger approval process is taking place.
- Why
- EPL expects the merger, near-zero post-merger debt, and possible acquisitions to support growth.
- Revenue target
- ₹20,000 crore by 2031
- Growth ambition
- Double revenue under a five-year plan
- Merger
- Indovida merger is nearing approval
- Post-merger debt
- Expected to be near zero
- Potential expansion
- Southeast Asia and cosmetics packaging
- Leadership
- Hemant Bakshi, EPL CEO
- Ownership development
- Blackstone is exiting