INTRODUCTION

BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.
INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.
INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.
INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.
INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.
INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.

INTRODUCTION
BILT (or the Company) is one of Indias leading writing and printing paper manufacturer. It
continues to implement a well-structured plan which focuses on maintaining its leadership
position across carefully selected sub-segments of the writing and printing paper industry.
BILTs knowledge-driven emphasis towards value creation has helped to change the
positioning of paper from a commodity to a branded product.

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and
India's largest manufacturer of writing and printing (W&P) paper. The current chairman of
the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme
in several states in India.
BILT has six manufacturing units across India, which give the company geographic
coverage over most of the domestic market. BILT has a dominant share of the high-
end coated paper segment in India. The company accounts for over 50% of the
coated wood-free paper market, an impressive 85% of the bond paper market and nearly
45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper
company. This acquisition transformed BILT into a major regional player, and elevated the
company's ranking among the global top 100. It also entered into a partnership with Red
Roses Publications, Norway in 2013, which is owned and managed by a multi - billionaire.
HISTORY OF BILT
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw
Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two
brands. In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the
company. In 1975, the organisation was renamed Ballarpur Industries Limited.
In the 1990s the company was under siege from Southeast Asian companies, who set up
greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to
buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a
partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002. Today, it is a well-
established name, associated with not just paper, but also stationery products.