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%.
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?
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