About Fortunext
Great packaging is never just a box.
Fortunext Industries Limited is a diversified manufacturing holding company with deep roots in India's packaging sector, and a forward-looking commitment to sustainable, scalable growth.
Our story
Built in Mumbai, since 1983.
Fortunext Industries Limited is a diversified manufacturing holding company with deep roots in India’s packaging sector, and a forward-looking commitment to sustainable, scalable growth.
Our story begins in 1983, when founder Mr. Hitesh Parikh established M/s Parikh Trading Corporation in Mumbai, trading in plastic carry bags. What started as a modest trading venture soon evolved into a manufacturing enterprise: in 1990, the Group commissioned its first production facility with an initial capacity of 140 tonnes per year, a bold bet on the future of organised packaging in India.
Over the following decades, relentless investment in technology, infrastructure and customer relationships transformed that single facility into a full-scale industrial operation. Today our manufacturing capacity exceeds 5,000 tonnes of plastic and compostable packaging per year, alongside 12 crore paper bags annually (FY 2025-26), a testament to 40+ years of compounded effort and trust.
In 2015 the second generation, Mr. Nimit Parikh and Mr. Punarv Parikh, joined leadership and catalysed a bold diversification agenda. Their stewardship introduced paper-based packaging, injection moulding, cloth bag manufacturing and non-woven bag trading, transforming Fortunext from a single-product manufacturer into a multi-vertical industrial group.
Incorporated on 20 December 2024, Fortunext Industries Limited is the holding company for five specialised subsidiaries, each a category leader in its own right. It represents the next chapter of a legacy built on grit, craftsmanship, and the conviction that great packaging is never just a box. It is a brand’s first impression.


Milestones
Forty years, one decision at a time.
Every step was funded by the one before it. That is why our commitments hold.
- 1983
The beginning
Hitesh Parikh founds M/s Parikh Trading Corporation in Mumbai as a small trading firm in plastic carry bags.
- 1990
First manufacturing unit
Production begins with an annual capacity of 140 tonnes. The Group’s move from trading to manufacturing.
- 2011
Injection moulding
Diversification into injection moulding with the incorporation of M/s Shreeji Injection Moulding Pvt. Ltd.
- 2015
Second generation
Nimit Parikh and Punarv Parikh join the family business and set a diversification agenda in motion.
- 2015
Non-woven & PP woven
M/s Fortunext Retail Pvt. Ltd. is incorporated to trade non-woven and PP woven sack carry bags.
- 2016
Textiles
M/s Fortunext Textiles Pvt. Ltd. begins manufacturing cloth bags and round-neck t-shirts.
- 2017
Paper packaging
Acquisition of M/s Shubh Shagun Packaging Pvt. Ltd., adding 1.8 crore paper bags of annual capacity.
- 2019
Paper capacity to 6 crore
Shubh Shagun Packaging scales to 6 crore bags a year.
- 2022
Fortunext Packaging Pvt. Ltd.
M/s Parikh Trading Corporation converts into a private limited company under the Fortunext name.
- 2024
Paper capacity to 10 crore
Shubh Shagun Packaging scales to 10 crore bags a year.
- 2024
The holding company
Fortunext Industries Limited is incorporated on 20 December 2024 to hold five specialised subsidiaries.
- 2025
Compostable at scale
Compostable cornstarch packaging goes into production; combined plastic and compostable capacity reaches 5,000 tonnes a year.
- 2026
Paper capacity to 12 crore
Shubh Shagun Packaging scales to 12 crore bags a year.
- 2026
Digital printing & new leadership
A digital printing line for paper bags is commissioned in July 2026; Khushboo Madia joins as Chief Marketing Officer.
Our mission
To engineer packaging solutions that protect products, empower brands, and respect the planet, delivering consistent quality, responsible innovation, and lasting partnerships to every customer we serve.
We believe packaging is more than a utility. It is a communication between a brand and its customer. Our mission is to be the manufacturing partner that makes that communication extraordinary: precise in quality, responsible in materials, and reliable at every scale.
The group
A family of specialists.
Each company leads its own category, and together they form Fortunext Industries Limited.
Since 1983 / 2022
Fortunext Packaging Pvt. Ltd.
Plastic & compostable cornstarch packaging
Since 2017
Shubh Shagun Packaging Pvt. Ltd.
Paper carry bags & food bags
Since 2016
Fortunext Textiles Pvt. Ltd.
Cloth bags & round-neck t-shirts
Since 2015
Fortunext Retail Pvt. Ltd.
Non-woven & PP woven sack carry bags
Since 2011
Shreeji Injection Moulding Pvt. Ltd.
Injection moulding
Leadership
Two generations, one table.
The people accountable for what leaves Fortunext's factories.
- Portrait: Hitesh Parikh1200 × 1500px4:5 · JPG or WebP · under 300KB
Hitesh Parikh
Chairman
Marketing · Production · Purchase
- Portrait: Gopal Shah1200 × 1500px4:5 · JPG or WebP · under 300KB
Gopal Shah
Vice Chairman
Finance
- Portrait: Nimit Parikh1200 × 1500px4:5 · JPG or WebP · under 300KB
Nimit Parikh
Managing Director
Marketing · Finance
- Portrait: Punarv Parikh1200 × 1500px4:5 · JPG or WebP · under 300KB
Punarv Parikh
Chief Operating Officer
Marketing · Production · Factory Management
- Portrait: Jyaysi Kapadia1200 × 1500px4:5 · JPG or WebP · under 300KB
Jyaysi Kapadia
Non-Executive Director
Business Strategy · Human Resources
- Portrait: Khushboo Madia1200 × 1500px4:5 · JPG or WebP · under 300KB
Khushboo Madia
Chief Marketing Officer
Marketing & Strategy
Advisors: RSJM & Associates LLP, Chartered Accountants.
Four decades in, we are just getting started.
Bring us your next packaging challenge, and let us show you what our family of factories can do.