ADV Partners, Premji invest to acquire majority stake in Micro Plastics

Investment builds on MPPL's robust revenue growth of over 20% CAGR over past five years

Asian private equity firm ADV Partners and Premji Invest, the investment arm of Wipro billionaire Azim Premji, said they have acquired a significant majority stake in leading plastic molding company Micro Plastics Private Limited (MPPL).

This investment will catalyse the next stage of MPPL’s growth plans by supporting significant expansion and development of new manufacturing facilities to cater to increasing demand from customers. The investment also builds on MPPL’s success and robust revenue growth of over 20 per cent over the past five years in CAGR terms.

MPPL is headquartered in Bengaluru and operates five manufacturing facilities in and around