LEAP India buys two packaging businesses for ₹102 crore and ₹40 crore

Mergers & acquisitions
Plastic packaging

Blacklitt Research26 October 20262 min read

Close-up of smooth blue moulded plastic containers with angled corners and seams. — W.carter, via Wikimedia Commons (CC0). Illustrative image.

LEAP India (NSE: LEAPIND) has signed two business transfer agreements, through wholly owned subsidiaries, to acquire the businesses of Vimprotech and Total International Packaging Solutions for ₹102 crore and ₹40 crore in cash, it said in a filing on 26 Oct 2026. Both transfers are on a slump sale basis, as a going concern.

Key highlights

Vimprotech consideration: ₹102 crore cash, payable in tranches
TIPS consideration: ₹40 crore cash, payable in tranches
Vimprotech business revenue, FY2025-26: ₹47 crore
TIPS revenue, FY2025-26: ₹18 crore
Expected completion: Q3 FY2026-27

The acquisitions in numbers

Item	Detail
Acquirers	Vimprotech Private Limited and Total Integrated Packaging Solutions Private Limited, both wholly owned subsidiaries of LEAP India Limited
Sellers	B. Sumitha, sole proprietor of Vimprotech; Total International Packaging Solutions, a partnership firm of B. Sumitha, R.B. Arvind and R.B. Gautham Srinivas
Targets	Vimprotech business (plastic packaging manufacturing) and TIPS business (pooling of returnable packing materials)
FY2025-26 revenue	Vimprotech business ₹47 crore; TIPS ₹18 crore
Cash consideration	Vimprotech ₹102 crore; TIPS ₹40 crore; both payable in tranches
Structure	Slump sale, as a going concern
Expected completion	Q3 FY2026-27, subject to the conditions precedent in each agreement
Board approval	26 Oct 2026

Vimprotech adds plastic packaging manufacturing; TIPS adds auto pooling

Vimprotech manufactures vacuum-formed, thermoformed and injection-moulded products and packaging solutions at units in South India, serving automobiles, electrical and electronics, consumer durables, agriculture, food packaging, logistics and industrial manufacturing. The company says the deal strengthens its design capabilities and in-house production for its container business, and widens its range of these products.

TIPS pools returnable packing materials, including trays, covers, flute boards and pallets, for the auto industry across South and Central India. The company says the acquisition expands its pooling business across India and strengthens its position in the automotive sector.

Sunu Mathew, Chairman, Managing Director & CEO, said the two deals strengthen LEAP India's position as an end-to-end returnable packaging platform, giving backward integration into custom plastics manufacturing.

A slump sale, with payment in tranches

The filing says both transfers are on a slump sale basis, as a going concern, under business transfer agreements executed on 26 Oct 2026. Each agreement provides for cash payable in tranches, and completion depends on the conditions precedent set out in that agreement.

Completion is expected in the third quarter of FY2026-27.

What the acquisitions mean for LEAP India's shareholders

LEAP India would pay ₹102 crore and ₹40 crore in cash, in tranches, for the two businesses. The filing does not say how these payments will be funded, what profit or assets the businesses carry, or what they will add to LEAP India's revenue or profit.

The next dated step is completion, expected in the third quarter of FY2026-27 and subject to the conditions precedent.

Reference: Original filing (PDF)

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