Tarapur Packaging Industries (TPI) was incorporated as a private limited company under the name Tarapur Packaging Industries Pvt Ltd in Apr.'82. It was converted into a public limited company under its current name in Oct.'90. TPI was promoted by Hasmukh C Parekh and his family. TPI manufactures flexible intermediate bulk containers, polycoated papers, PE tarpaulins, and PE bags. It has a technical collaboration with Lift International, US. The company, in 1993-94, launched the TPI Tarpee which got a good response from industrial buyers and had also received an export order from Europe. TPI is expanding its HDPE/PP/Kraftlined/FIBC bags installed capacity by 553521 nos. The commercial production of Paper Unit at Gangadhara near Surat is expected to started from June, 97. ISO 9000 certification is under implementation for the new project of Murbad for FIBC. Since during the year 1999-2000, the company has eroded more than half of its net worth due to reduction in turnover, liquidity constraints, non-performing paper mill project at Surat, etc., the company is required to make a report to the BIFR under SICA, 1985.