PIL ITALICA LIFESTYLE LTD

Pil Italica Lifestyle Limited was initially incorporated as Peacock Industries Limited in March, 1992. The Company changed its name to Pil Italica Lifestyle Limited in 2015. Since its inception, Company has grown to become a premier manufacturer of plastic furniture and storage bins, further foraying into material handling products. It is engaged in manufacturing of plastic moulded furniture, material handling products and waste management solutions and is and is one of the leading manufacturers in Rajasthan. With an existing capacity of 6,050 MTPA at Udaipur Plant and an additional 2,400 MTPA capacity at the Umerkui Plant in Silvassa, the total production capacity is at 8,450 MTPA. Established to manufacture plastic moulded industrial and household articles, the Company entered the capital market in Dec.'92. The merger of five group companies made it a multi-divisional and multi-product company manufacturing HDPE/PP woven fabrics and sacks, MS/CR sheet drums and barrels and LDPE/LLDPE film rolls and bags. In 1994-95, it implemented an expansion scheme, fully financed by internal accruals and institutional loans, to increase the capacities of all the products. It envisages a foray into high-value-added articles such as toys, moulded and soft luggage, PET/PVC bottles, whiteline appliances, computer bodies, moulded beds, etc, besides a further expansion in manufacturing facilities. Due to erosion of Networth the company has filed its reference to BIFR and Board has declared sick and IDBI has been appointed as operating agency. During the year 2022, it launched various new and innovative products in its Table series, oxy series, luxury series, stool and patla series, storage series . In table series a strong and high quality plastic centre table model no. 9511 . In oxy series model no.5205, a fully ventilated without arm chair, Model no. 5214 a fully ventilated with arm chair, model no. 5223 and 5226 baby chairs . model no. 9704 and 9712 in stool and Patla series and model no. 6104,6105, 6106 cup boards in storage series and dust bin model no. 4010 in waste management product launched. In 2023, the Company launched wooden furniture. It launched SAGO and ARECA, wall mounted multipurpose folding table and in Flip Series, Model No. 6003. In Oxy Chair Series, Luxury Plastic Chair-5106 and 5103 and in Stool & Patla seriesModel No. 9729 and under Storage Section - Model No. 6120 and 6140 was launched by the Company during 2022-23. The Company acquired the Umerkui (Silvassa) furniture unit from Kisan Mouldings Limited through expansion in production capacity by 2,400 MTPA in 2024. In 2024, it launched the Phoenix Folding Chair, a space-saving model with solid construction, along with India's first double insert stackable chair in the furniture segment. It introduced versatile arm chairs suitable for both indoor and outdoor use and a kids' study set. In the material handling sector, it launched the Heavy Weight lid for fishing and other industries and a storage solution to the automotive industry. The Company has ventured into the wooden furniture category through expansion for premium furniture solutions in FY25.