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B2B commerce company Moglix Acquired Khatema Fibres

Moglix will be able to expand its market reach for farmers and craftspeople and enhance local infrastructure thanks to this purchase. Moglix intends to integrate and diversify its products by utilizing Khatema's manufacturing experience.

By Aryan Sharma
New Update
B2B commerce company Moglix Acquired Khatema Fibres

Moglix is a B2B commerce startup, announced that it has purchased Khatema Fibres, a producer of environmentally friendly paper goods. 

According to a statement from the business, Moglix intends to integrate and diversify its products by utilizing Khatema's manufacturing experience, which will shorten lead times and guarantee prompt delivery.

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By fostering skill development, boosting local manufacturing capabilities, and creating jobs, Moglix hopes to promote Uttarakhand's industrial growth through its expansion ambitions, the company stated.

Rahul Garg , Founder and CEO Moglix said, “This acquisition not only expands our manufacturing footprint but enables us to deliver even greater value as we meet the dynamic demands of the market. Our commitment to supporting India’s vision of a Viksit Bharat by 2047 remains steadfast,”.

 

Acquisition Benifit

Moglix will be able to expand its market reach for farmers and craftspeople and enhance local infrastructure thanks to this purchase.

Khatema Fibres, a sustainable paper manufacturer founded in 1990, has an annual capacity of 50,000 metric tonnes and provides a wide range of environmentally friendly products, such as virgin test liners, premium high-strength kraft paper, interleaving paper, machine-glazed and machine-finished papers, different types of tissue, sublimation paper, and food-grade packaging solutions.

About Moglix

Moglix, they believe Packaging plays an integral part of the brand recognition as it plays a vital role in communicating the image and identity. Packaging serves as medium of protection, preservation, containment, convenience and communication.

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Panneerselvam (PS) Madanagopal Appointmnet Benifit

This experience will help MeitY Startup Hub strengthen India’s position as a global leader in technology and innovation.

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With his guidance the Hub is set to achieve new milestones, supporting entrepreneurs and creating opportunities for startups to succeed both in India and internationally.

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Madanagopal’s focus as CEO will be on supporting young innovators promoting research and development and ensuring access to key resources. His leadership is expected to help the Hub make India a global leader in technology and innovation.

About Ministry of Electronics & Information Technology

The Ministry of Electronics & Information Technology (MeitY) is also leading various initiatives to expand the innovation and intellectual property ecosystem across the country.