Holoflex Plans New Manufacturing Unit, Targets £10 Million Revenue

Holoflex Limited, a leading provider of holograms, tax stamps, and labelling solutions in India, plans to invest around c. £2.6 million (₹30 crore) over the next two years to establish a second manufacturing facility, as demand for integrated physical and digital brand protection solutions continues to grow.

This expansion is part of Holoflex’s goal to reach annual revenues of about c. £10 million (₹125-135 crore), as more customers seek advanced authentication and brand protection technologies. It achieved a sales turnover of c. £6 million (₹80 crore) in FY25/26.

Holoflex currently runs a manufacturing unit in Panchla, Howrah district, West Bengal, whilst its Salt Lake facility in Kolkata handles value-added activities, both in the eastern part of India.

The company is considering sites near Delhi (in the north) and in Gujarat (in the western part of India) for the new greenfield project. This facility would increase production capacity and help serve customers better in major industrial markets.