Interview With : Pankaj Poddar, Chief Executive Officer of Cosmo Films
Updated on: 14 Jun 2016
Pankaj Poddar, Chief Executive Officer, Cosmo Films, has over two decades of experience in finance, advisory, assurance and various leadership as well as management roles. He has been with the company since 2011. Before joining Cosmo, Pankaj has worked with automotive and FMCG industries. His last stint was with Avon Beauty products as "Director Finance". Pankaj has also worked as the India CFO for Delphi Automotive Systems, Regional Head Assurance Services for Reckitt Benckiser and Manager Advisory & Assurance Services in Ernst & Young. Pankaj is a Bachelor of Commerce (Honors) from SRCC, qualified Chartered Accountant and holds a diploma in management.
Cosmo Films Ltd, was established in 1981, and is one of the largest manufacturers of Biaxially Oriented Polypropylene (BOPP) Films in the world. It ranks 14th globally and 2nd in India. With manufacturing units in India, Korea, & USA, Cosmo has a BOPP manufacturing capacity of 136,000 TPA. Cosmo is the largest BOPP films exporter from India and the world's largest manufacturer of thermal lamination films. Cosmo offers a comprehensive range of BOPP Films for flexible packaging, lamination, labelling and industrial applications, including specialty films such as high barrier films, velvet thermal lamination films and direct thermal printable films.
Replying to Anil Mascarenhas of IIFL, Pankaj Poddar says, "We are the market leaders in BOPP films and have about 20% market share in overall BOPP business and more than 60% market share when it comes to specialty films business."
Give us an overview of the specialty BOPP films industry. What are the innovations taking place in this segment?
Specialty BOPP films can be defined as films, which are niche in nature and address specific functional needs of the industry like packaging, label or lamination. These films are gaining importance in every market whether matured or developing. Owing to a host of requirements including enhanced shelf life for food packaging, light weight packaging to reduce cost and waste and shift from wet lamination to thermal lamination, these films are rapidly emerging as preferred choice.
The specialty segment has witnessed many innovations. The development of DTP (Direct Thermal Printable) films is an innovative step in the sense that it offers 100 percent moisture resistant alternative for information labelling requiring variable printing. 'No Noise' tape films are specially designed to avoid the noise coming from peeling off the tape. No barrier film is another space which is seeing innovations among others.
Who are the prominent players and how do you rank in India? Globally, how is this industry doing?