3B Films IPO Details

3B Films Limited, originally incorporated as 3B Films Private Limited on September 3, 2014, is a Gujarat-based company engaged in the manufacturing and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films. With a vision to revolutionize the flexible packaging industry, the company was founded by Mr. Ashokbhai Babariya along with his brothers, Mr. Mukeshbhai and Mr. Nitinbhai Babariya, all of whom have been actively involved since inception. Mr. Ashokbhai Babariya, the Promoter and Managing Director, brings over 30 years of entrepreneurial experience and a decade of expertise in specialty packaging. Under his leadership, 3B Films has adopted a strategy-driven approach focusing on advanced technology, market diversification, and timely expansion.

In 2017, the company commissioned a state-of-the-art manufacturing plant with machinery imported from Italy and Germany. Located near Vadodara, Gujarat, this facility allows the company to produce high-quality CPP and CPE films ranging from 15 to 250 microns, serving various industries such as food and beverage, FMCG, clothing, floral, and other consumer goods. The company’s strategic location near major ports like Hazira, Mundra, and Nhava Sheva supports efficient domestic and international logistics. It exports to several countries, including the UK, UAE, Sri Lanka, Nepal, Dubai, Saudi Arabia, and regions in Africa.

In FY 2023–24, 3B Films diversified into trading adhesive laminated films and recorded a turnover of ₹22.59 crore in its first year. It also plans to commence in-house manufacturing of these films and undertake forward integration by installing printing, lamination, and pouching machinery. Additionally, the company reprocesses its production scrap into granules, promoting sustainability and contributing to the circular economy. This initiative generated ₹464.44 lakh in FY 2023–24 and ₹271.57 lakh in the nine months ending December 2024.

With ISO 9001:2015, ISO 22000:2018, and BRCGS certifications (renewal in process), 3B Films maintains stringent quality standards. Its R&D and Quality Control divisions ensure continuous product innovation and compliance with global packaging norms. The company’s installed capacity has recently been doubled to 9000 metric tons annually through the addition of new machinery and an MDO unit, enabling a broader product portfolio and enhanced production efficiency. In June 2024, the company was converted to a public limited company and renamed 3B Films Limited, marking a significant milestone in its journey of growth and market expansion.