Power of I 2016

Capsule King - ACG Worldwide

What’s the secret pill that has made ACG Worldwide the world’s second biggest capsule maker?

All pictures by Soumik Kar

Outside the media glare that usually envelops the publicly listed universe of companies, India has some sterling unlisted firms that have quietly made a mark for themselves in globally competitive industries. One such B2B player is ACG Worldwide, helmed by brothers Ajit Singh and Jasjit Singh, which started operations in the 1960s with a single semi-automated capsule-making machine and has now diversified extensively to become the world’s second largest manufacturer of empty hard capsules and the largest capsule-filling machine manufacturer in the world. The turnover of the group has rocketed from Rs.4 lakh in 1965 to around Rs.2,000 crore in FY16, with a CAGR of around 20%.