Company Profile
Aten Papers & Foam Limited, incorporated in 2019 and based in Ahmedabad, Gujarat, is engaged in the trading of various paper products and foam materials. The company plays a key role in the supply chain by procuring and distributing kraft paper, duplex board, absorbent kraft paper, and related packaging materials. It also deals in wastepaper, which it sources and supplies to paper mills for recycling purposes.
Operating on an asset-light model, Aten focuses on maintaining ready stock to meet immediate customer demands efficiently. Its client base includes packaging industries, converters, and wholesalers. By supporting recycling initiatives and providing a range of paper solutions, Aten contributes to sustainable and responsible trade practices in the paper industry.
With a lean team structure and growing revenue base, the company aims to expand its operations and enhance its market presence through its upcoming IPO on the BSE SME platform.
Business Model
Aten Papers & Foam Limited operates on a trading-based business model, focusing on the procurement and distribution of paper products and foam materials. The company sources raw and finished paper products such as kraft paper, duplex board, absorbent kraft paper, and wastepaper from manufacturers, mills, and local vendors. These materials are then sold to customers across the packaging, furniture, and recycling industries.
Aten maintains a ready stock approach, allowing it to quickly fulfill orders and meet market demand efficiently. It leverages in-house logistics for transportation and delivery, which helps optimize turnaround times and reduce dependency on third-party services.
The company also engages in wastepaper trading, which supports circular economy practices by channeling recyclable materials back to paper mills. Its revenue is generated primarily through margins on bulk purchases and sales, while cost efficiency is maintained through lean operations and inventory control.
Overall, Aten’s business model is designed around high-volume trading, fast-moving inventory, and sustainability, making it well-suited for the growing demand in eco-friendly and industrial paper markets.
Product Portfolio
1. Kraft Paper
Used widely in packaging, Aten supplies kraft paper known for its strength, durability, and eco-friendly properties. It is commonly used in the production of paper bags, corrugated boxes, and wrapping materials.
2. Duplex Board
Aten offers coated and uncoated duplex boards that serve the printing and packaging industries. These are used for manufacturing cartons, boxes, and other printed packaging materials.
3. Absorbent Kraft Paper
This specialized paper is designed for high absorbency and is used in applications like laminated sheets, interior furnishings, and cushioning layers in furniture and industrial packaging.
4. Foam Products
The company also deals in foam materials used for packaging, insulation, and protective cushioning across various industries.
5. Wastepaper
Aten sources recyclable wastepaper from local vendors and stockists, which it supplies to paper mills as raw material—supporting sustainability in paper production.
Features Across Products
- Eco-Friendly Materials
Most paper products in Aten’s portfolio, such as kraft and duplex paper, are recyclable and biodegradable, supporting sustainable packaging solutions. - High Durability and Strength
The kraft and duplex boards are designed to withstand heavy loads and pressure, making them ideal for industrial packaging and transport applications. - Versatility in Applications
From wrapping and lamination to cushioning and printing, Aten’s paper and foam products are suitable for use across multiple industries, including FMCG, electronics, furniture, and e-commerce. - Customizable Specifications
Products are available in various GSM (grammage), thicknesses, and finishes, enabling clients to choose specifications that match their exact requirements. - Cost-Effective Bulk Supply
With a ready-stock trading model, Aten ensures competitive pricing and timely availability, helping customers manage procurement efficiently.
🎯 Objectives of the IPO
- Working Capital Requirements
A significant portion of the IPO proceeds will be used to strengthen the company’s working capital base, enabling it to handle higher trade volumes and expand its inventory. - Investment in Infrastructure
The company plans to enhance its operational capabilities by investing in storage facilities, logistics, and handling systems to support smoother supply chain operations. - Business Expansion
Funds will also be used to expand Aten’s reach into new markets and increase its presence in untapped regions, particularly within India’s growing packaging and recycling sectors. - Debt Repayment
A portion of the proceeds may be allocated toward the repayment of existing borrowings, thereby improving the company’s debt-to-equity ratio and financial health. - General Corporate Purposes
The remaining funds will be used to meet miscellaneous business needs, including administrative expenses, brand development, and technology upgrades.
Future Outlook
Aten Papers & Foam Limited is well-positioned to benefit from the rising demand for sustainable and recyclable packaging materials in India. With growing awareness around environmental responsibility and increasing restrictions on plastic usage, the market for paper-based packaging is expected to expand significantly.
The company aims to scale its operations by strengthening its supply chain network, expanding its product range, and entering new regional markets. It also plans to enhance its role in the wastepaper recycling ecosystem, aligning with India’s circular economy goals.
In the coming years, Aten is expected to focus on technology-driven inventory management, customer relationship expansion, and optimizing logistics to improve turnaround time and cost-efficiency. With the support of IPO funding, it intends to boost its competitiveness and establish a stronger footprint in both B2B and industrial packaging sectors.
🧭 Vision and Leadership
🎯 Vision Statement
Aten Papers & Foam Limited envisions becoming a trusted leader in the sustainable packaging and paper trading industry by delivering eco-friendly, high-quality materials that support environmental conservation and customer satisfaction. The company aspires to play a vital role in India’s transition toward greener packaging solutions and efficient wastepaper recycling.
👥 Leadership
The company is promoted and led by Mr. Mohamedarif Lakhani and Mrs. Amrin Lakhani, who bring hands-on experience and strategic vision in paper trading, supply chain operations, and business management. Under their guidance, Aten has adopted a lean, asset-light approach while focusing on operational efficiency, timely fulfillment, and long-term client relationships.
Market Positioning and Growth Prospects
📍 Market Positioning
Aten Papers & Foam Limited has established itself as a reliable trader in the paper and packaging materials segment, particularly in western India. Its ability to maintain ready stock, offer a diverse range of recyclable paper products, and fulfill bulk orders promptly gives it a competitive edge in the B2B market. By serving both large-scale packaging companies and local converters, Aten holds a strategic position in the midstream paper supply chain.
🚀 Growth Prospects
With rising demand for sustainable packaging, increasing e-commerce activity, and government support for recycling initiatives, the outlook for the paper industry is highly positive. Aten is poised to benefit from:
- Expanding demand for kraft and duplex paper in the FMCG and logistics sectors.
- Broader market reach through geographic expansion across India.
- Stronger sourcing capabilities for wastepaper, supporting the circular economy.
- Technology upgrades and operational scale-up funded by IPO proceeds.
- Rising environmental consciousness, driving demand for biodegradable alternatives to plastic.
By leveraging its experience and upcoming infrastructure improvements, Aten aims to strengthen its brand and grow sustainably in the coming years.
