Arun Mantex was established on July 5,1991 and became public on November 8,1993. It is the flagship company of the Vikas A Makharia group, promoted by Vikas Makharia and Pushpa A Makharia. The registered office of the company is located at 15, Kamla Bhavan, Walbhat Road, Sharma Industrial l Estate, Goregaon (E), Mumbai-400063.
The company manufactures flexible packaging products. It has facilities for extrusion, printing, lamination, master batch-making, recycling granules, slittering, gazetting and pouching. It has two plants in Maharashtra -- at Goregaon in Bombay and Igatpuri in Nashik. The present capacity for multi-layer extrusions is 1008 tpa and that for mono-layer extrusions is 576 tpa. The company's major clients are Brittania, Patel Products, S M Foods, Zaika Salt, Captain Cook, Star Gutkha, Sterlite, etc.
The company planned to substantially expand its present capacities in flexible packaging and to diversify into HDPE/PP woven sacks with a project cost of Rs. 22 cr. The project was expected to start commercial production during 1997-98. In view of the losses exceeding the net worth of the company, it had become a sick industrial company in the year 1999-2000.
For not complying with the listing agreement clauses the company has been suspended for trading from BSE since September 10, 2001.