Labh Polyfab Private Limited: INNOVATION: Looking at The Competitive Scenario of The Market, Innovation Is One of The
Labh Polyfab Private Limited: INNOVATION: Looking at The Competitive Scenario of The Market, Innovation Is One of The
Labh Polyfab Private Limited: INNOVATION: Looking at The Competitive Scenario of The Market, Innovation Is One of The
According to the rules and norms of the company following are the key drivers which the
organisation looks up to in the future: -
INNOVATION: Looking at the competitive scenario of the market, innovation is one of the
key elements which the company takes as a way to promote its business. They are willing to
improve their products in the better and efficient way.
CUSTOMIZATION: The product range can be customised as per the requirement of the
customers of the company.
EXCELLENCE: For the growth of any organisation efficiency and effective is very much
necessary and important. This organisation is dedicated to achieve prestigious rank at the
market where no mistake on part of the organisation could take place. And also, the perfect
quality products are also supplied to the customers.
➢ The Company commits itself for efficient and excellent work of its employees. It also
commits to the customers that whatever the products they would be providing would have
minimum defects.
➢ A lot of efforts have also been put up by the company to check the functioning and
working of its machinery. For example, they took random samples and other techniques to
find out the defects in the machinery parts, so that the users of that particular product are
satisfied. There are a number of testing machines which are provided by the company to test
the products and identify any problems/ambiguities so that there could be uniformity in the
product.
➢ Almost all the products are manufactured under the sincere and close supervision of the
experienced professionals in congenial environment. The diligent and qualified group of
experienced professionals hold immense expertise and vast knowledge of their area of work.
Labh polyfab pvt ltd is the leading manufacturer and exporter of packaging products. Some
of the products that they manufacture are PP Woven sacks manufacture, PP Woven fabrics,
PP Woven sacks and laminated printed sacks.
FOLLOWING ARE SOME FEATURES THAT WHY TO CHOOSE THIS
ORGANISATION: -
✓ The manpower of this company is incredibly efficient and dedicated in its work.
✓ Experienced with in particular field to be able to support the managerial staff to obtain the
quality products to satisfy the needs of the customer.
✓ Quality and Excellency are the key elements to bring quality and efficiency in its product.
Following are some of the answers to some questions which we gathered about the
organisation:
CASE STUDY
NAME: LABH PLOYFAB PVT LTD.
YEAR OF THE ESABLISHBLISH: 2016
BACKGROUND:
This company is an extended part of Deepawali Plastics, which started way back in 1981 at
Rakhial; Deepawali Plastics was involved in the manufacture of plastic sheets and bags.
Before Labh Polyfab, there were 8 factories starting from 1981 to 2016.
Due to paucity of funds the commencement of the factory became very difficult for the
owners. That’s why they had to depend on other sources. One of the sources on which they
depend was bank, so by keeping land as collateral security they took a loan of around 1 lakh
rupees to start the business. The owner had already worked in a factory so he was aware of
the mechanism of the factory. He also earned certain savings from the same. The owner had
to live away from family and relative to fulfil his dream. He used to sleep at railway quarter
in his initial stage. This was done to cut the cost of living to save money and he also skip a
meal for the same gradually the business progress and they rented a shed and they lived there
for quite a few time gradually the business took its place and purchased machine and hired
more workers. Further, more units were established and hence the 8th unit is Labh Polyfab at
Mahijada. As this was the extended and diversified version so the capital requirements were
so high. Initially the loan amount was 6.5 Crore and 3 Crore was invested by the directors.
Making it a total of 9.5 Crore. Labh polyfab was involved in the production of
polypropylene/HDPE laminated/unlaminated fabric and bags (with printed available). There
was vertical integration which was the new element incorporated by Labh Polyfab. The
vertical integration means laminated/unlaminated fabrics and bags, firstly they used to sell
only plastic but now they sell finished goods, raw material being the plastic. This company is
also engaged in exporting most of its products to different countries.
➢ Because of the availability of funds, the directors preferred to invest in the company.
➢ The first factory at Rakhial named Deepawali Plastics started with the mere capital of Rs.
80,000 in 1981. This factory took a lot of time in making its mark in the market.
➢ Then slowly this factory got extended at various places with different units. As Labh
Polyfab is the extended 8th unit of this organisation.
➢ As this organisation started in 2016, it has gained an exceptional success in the field of
exports.
➢ The products that this organisation manufactures gets exported to different continents
such as, supplying to North America, Europe, Middle East and SAARC Countries. In Europe,
countries like UK, Israel, Spain and Ukraine are also the places where the products of Labh
Polyfab get exported.
➢ All the wastes and the raw materials involved can be recycled and reused. There is a
pollution unit in the factory where the process of recycling is carried out.
➢ At this unit there is no burn of oil and all the wastes are heated at some temperature set at
the pit heater. Then those heated substances are being melted in the machine and then they
are manually cut for further use.