Leap India Limited approved the incorporation of two wholly owned subsidiaries to expand its footprint in plastics processing and logistics support services. The board meeting, held on September 29, 2026, authorised an initial cash subscription of ₹5.68 crore across the two new entities.

The first subsidiary, Vimprotech Private Limited, will focus on manufacturing vacuum-formed, thermoformed, and injection-moulded products. This entity targets sectors including automobiles, electricals, consumer durables, agriculture, food packaging, and industrial manufacturing. The proposed initial capital for Vimprotech is ₹4.03 crore, comprising 40,30,000 equity shares of ₹10 each.

The second entity, tentatively named Total International Packaging Solutions Private Limited, will operate in logistics and supply-chain support services. Its primary business involves pooling returnable packing materials for automotive and other manufacturers. The initial subscription for this subsidiary is set at ₹1.65 crore, consisting of 16,50,000 equity shares of ₹10 each.

Subsidiary details

Both entities are proposed to be incorporated in India with no specific governmental or regulatory approvals required for their formation. Leap India will hold 100% of the share capital in each subsidiary, maintaining full control over operations and strategic direction.

Strategic implications

The establishment of these subsidiaries signals a vertical integration strategy for Leap India. By creating a dedicated entity for manufacturing packaging solutions (Vimprotech) and another for pooling returnable materials (Total International Packaging Solutions), the company aims to capture value across both production and reverse-logistics chains. The higher capital allocation to Vimprotech reflects the capital-intensive nature of moulding and processing infrastructure compared to the service-oriented model of the logistics entity.

Leap India Limited has invested ₹2.04 crore in its wholly owned foreign subsidiary, LEAP Gulf Company, incorporated in the Kingdom of Saudi Arabia. The company remitted SAR 785,000 to subscribe to equity shares, reinforcing its strategic expansion plans in the region.

The transaction involves the subscription of 7,850 equity shares at a face value of SAR 100 each. Based on the applicable exchange rate of SAR 1 to ₹26, the total consideration amounts to ₹2,04,10,000. Leap India will continue to hold 100% of the equity share capital of LEAP Gulf following this allotment.

LEAP Gulf was incorporated on December 3, 2025, as a Limited Liability Company under Saudi Arabian law. As a newly formed entity, it does not yet report turnover. The subsidiary is engaged in manufacturing wooden containers and plastic products, repairing equipment, and renting machinery and tangible goods.

Investment Details

The investment was made under the automatic route in accordance with the Foreign Exchange Management Act (FEMA), requiring no specific governmental or regulatory approvals. The company stated that the move aligns with its business objectives and overseas expansion strategies.

LEAP Gulf is a related party to Leap India, being a wholly owned subsidiary. The company confirmed that the transaction was undertaken on an arm's-length basis, with necessary approvals obtained. No other promoters or group companies hold an interest in LEAP Gulf.