Sunday, April 18, 2021

Trisis Ventures acquires MG Shahani

Trisis Ventures, a market leader in contract manufacturing for homecare & laundry products is proud to announce its merger with one of the oldest and best reputed companies MG Shahani and Co Delhi Pvt Ltd, both now under the umbrella of Grow Max Group of Companies. 

Established in 1920, MGS has been one of the leading contract manufacturers of various personal care, hair care, skin care, oral care, home care, hospitality and Ayurvedic products. Apart from this, MGS also provides third party logistic solutions across north India with management of over 3 lakh square feet of warehousing space across north India. 

The move will combine Trisis Ventures presence with MG Shahani’s extensive production and manufacturing expertise, and market knowledge to make the combined entity one of strongest service providers in the field of FMCG manufacturing and logistics solutions. 

The merger will provide substantial warehousing and manufacturing capabilities in multiple locations enabling them deliver goods at the nearest warehouses of retailers. Furthermore, the combination of these two companies will give their principals a single, strong & versatile partner across pan India. 

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The MG Shahani Board of Directors mentioned, “After over a hundred years in the business, we are delighted to announce the acquisition of the company to Trisis Ventures. We are leaving MG Shahani in good hands and with promoters who share our philosophy of building long term client relationships and conducting ethical business. This was extremely important in our choice of partners. Trisis Ventures is the perfect fit and has the energy and dynamism to build on what we stand for.”

Pawan Aggarwal, Promoter of Trisis Ventures said, “The integration of MG Shahani is a fantastic opportunity to onboard a highly qualified and very professional team. The two companies are really complementary and it is a great step to add MG Shahani’s production facility to ours.

MG Shahani’s strong and professional learning are all being welcomed to the Trisis Ventures group and they will be reaching out to customers, licensors and partners in the coming days to share more exciting details.

The group will expect a consolidated turnover of over Rs 600 crore for 2021.”

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