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Moglix Accelerates Growth with Khatema Fibres' Acquisition, Reinforcing Market Leadership
Mumbai, 21st November, 2024: Moglix, one of Asia's leading and fastest-growing B2B commerce companies, has announced the strategic acquisition of Khatema Fibres, a renowned manufacturer of eco-friendly paper products. This acquisition represents a significant step in Moglix’s mission to lead in industrial procurement and sustainable packaging, aligning with India’s vision of a Viksit Bharat.
Expanding its footprint in Uttarakhand, Moglix aims to support the state’s industrial growth by creating jobs, promoting skill development, and enhancing local manufacturing capabilities. Through its integration with Khatema Fibres, Moglix will also improve local infrastructure and open new market opportunities for farmers and artisans, supporting community growth and prosperity.
Founded in 1990 in Khatema, Uttar Pradesh, Khatema Fibres is known for specializing in sustainable paper manufacturing with an annual capacity of 50,000 metric tons. The company offers a diverse range of eco-friendly products, including specialty high-strength kraft paper, interleaving paper, machine-glazed and machine-finished papers, various tissue options, sublimation paper, virgin test liners, and food-grade packaging solution
The addition of Khatema Fibres broadens Moglix’s product portfolio, reinforcing its market position and operational efficiency. This acquisition complements Moglix’s recent launch of Next Day Delivery in over 12 cities, soon expanding to 40, and marks another step toward meeting the evolving needs of the B2B segment with speed and reliability.
Rahul Garg, Founder and CEO of Moglix, shared, “We are delighted to welcome Khatema Fibres into the Moglix family. This acquisition not only expands our manufacturing footprint but enables us to deliver even greater value as we meet the dynamic demands of the market. Our commitment to supporting India’s vision of a Viksit Bharat by 2047 remains steadfast.”
By leveraging Khatema’s manufacturing expertise, Moglix plans to further integrate and diversify its offerings, reducing lead times and ensuring efficient delivery. Khatema Fibres’ sustainable product range reinforces Moglix’s dedication to environmentally conscious solutions.
This acquisition strengthens Moglix’s presence in the B2B sector and sets new standards for excellence in industrial procurement, reinforcing its role in transforming the industry both in India and globally.
About Moglix:
Moglix is one of Asia's largest and fastest-growing B2B commerce companies, empowering manufacturing and infrastructure businesses to transform their supply chains, from procurement to distribution. Through its digital platform, expansive supplier and buyer network, and robust logistics capabilities, Moglix helps reduce costs, enhance sales, and boost operational efficiency. As the first B2B commerce unicorn in the manufacturing sector, Moglix holds a valuation of $2.6 billion. The platform offers over 700,000 industrial items, services more than 19,000 PIN codes across India, and supports 1,000+ large manufacturers and 3,000+ factories.
