Tag: Ved Krishna

Yash Skills
Education, News

Yash Pakka to bridge skill gaps in the global compostable packaging ecosystem

Jul 23, 2021 by Rekha Nair 0 Comments #Business Head Yash skills, #Mr Ramesh V Koti, #Ved Krishna, #Vice Chairman, #Yash Pakka Ltd.

Ayodhya: Yash Pakka, India’s leading sustainable packaging solutions provider, has launched Yash Skills, its dedicated training and development division. With its new wing, the Ayodhya-based company aims to build competence among the industry’s future leaders through specific training programs compassing in-demand industry skills.

The skilling programs will be affiliated with front-running institutes and industry bodies such as IMFA, NCVT, IIPM, and Koblenz Chamber of Crafts, Germany. Designed to ensure future-readiness among students by enhancing their knowledge base, Yash Skills will bridge the skill gap at Yash Pakka and across the global compostable packaging space. Launched on 10th June 2021, Yash Skills is the brainchild of Ved Krishna, Vice-Chairman, Yash Pakka Limited. Envisioning a highly capable and skilled talent base in his industry, he aims to train the local youth for world-class excellence through Yash Skills.

Speaking on the initiative, Ved Krishna, Vice – Chairman, Yash Pakka Ltd., said, “It is an honour to hone the talent that will champion the next phase of growth of our fast-evolving industry. This is why we are very excited to launch Yash Skills, an innovation hub that will train future leaders, thinkers, and changemakers. We have created courses approved by the most notable industry bodies and institutes, which will be taught by the most promising faculty from across the globe. We are confident that this endeavor will go a long way in skilling professionals and accelerating the growth of Yash Pakka and the industry at large.”

Yash Skills has conducted a scientific diagnosis to identify skill gaps within the company to design targeted, high impact courses. Some of the notable courses offered by Yash Skills will include Fiber Moulded Product Operations (IMFA), Maintenance Fitter (NCVT/NPTI), Design & Development – Tools and Dies (NCVT/Koblenz Chamber of Crafts, Germany), and Instrumentation Technician (NPTI/IIPM). Aiming to train students between the ages of 18 and 22, Yash Skills has already enrolled over 180 students across different courses spanning 2021-2022 and 2022-2023. The courses are priced between INR 20,000 and INR 32,000.

Yash Skills will be headed by Mr Ramesh V Koti, Business Head Yash skills, and will comprise exceptional faculty members from the US, Canada, Germany, and India. Post the training program, a majority of the students will be absorbed by Yash Pakka in various roles, while others will be granted global placements.

Packaging
Business World

With a target of INR 1400 Cr turnover by 2025 Yash Pakka aims to provide 100% Sustainable Packaging Solutions

Nov 2, 2020 by Gouri Achary 0 Comments #Chai Point, #Haldirams, #HMS Host, #Lite Bite Foods, #Ved Krishna, #Yash Pakka, #Yash Papers

Yash Papers – a global manufacturer synonymous with machine-glazed varieties of paper – has now emerged in its all-new avatar as ‘Yash Pakka’ (BOM: 516939), transitioning from paper manufacturing to creating sustainable packaging solutions. With this transition, Yash Pakka has also registered a 59.24% growth in Profit Before Tax (PBT). The Ayodhya-based company aims to replace single-use plastics by providing sustainable packaging solutions for a cleaner planet.

Today, Yash Pakka has an installed manufacturing capacity of 39100 MT paper per annum and 1 million pieces of tableware per day with 8.5 MW electricity plant that runs on biomass. Over the years, the company has diversified into three categories that are Paper, Moulded Products and Compostable Flexible Packaging. The manufacturer with a 40-year legacy offers compostable products to leading players of the food industry having an annual turnover of Rs. 202.95 crores.

Yash Pakka manufactures most of its products from agri-residue bagasse (sugarcane pulp). It also recovers 95% of cooking chemicals used to manufacture the pulp, thereby making it even more environment-friendly. This approach has paved the way for Yash Pakka as a pioneer of flexible and moulded compostable food packaging products at its scale. The brand is pitted towards the global food packaging industry and aims to emerge as a global leader by 2025.

Keeping innovation at its best, Yash Pakka has been providing compostable packaging solutions to Quick Service Restaurants (QSR) such as Haldirams, Lite Bite Foods, HMS Host and Chai Point. In the coming years, the brand is eyeing to expand its reach by adding customers, especially in the QSR segment, along with its partners in the food packaging industries.

Speaking on the development, Ved Krishna, Strategy Head at Yash Pakka Ltd. said, “Yash Pakka has always been at the cutting-edge of innovation and sustainability. We firmly believe that only a sustainable approach is viable and brings effective results in the long term. I am pleased to announce that with our move from Yash Papers to Yash Pakka, we have not only led the brand to its next era of growth but also the entire Indian industry. We believe it will contribute towards both Atma-Nirbhar Bharat and Clean India movement.”

Adding further, He said, “I am also delighted with our performance in delivering a broad-based growth in revenue. The production capacity of our moulded products has increased by 15% and we plan to double it by 2023. A robust operating process and superior product quality, coupled with our resilience, motivate us to perform and develop thoughtful, eco-friendly, and sustainable solutions.”

By 2025, Yash Pakka plans to reach the target of Rs 1400 crore turnover.