Printmann bolsters southern presence with HSOP acquisition

Mumbai-based packaging specialist, Printmann Offset, has acquired a majority stake in Hyderabad Security Offset Printers (HSOP), a specialist in mono cartons and leaflets for pharmaceuticals.

The acquisition, backed by healthcare-focused private equity firm Somerset Indus Capital, expands Printmann’s footprint into southern India. The deal positions Printmann better to serve its extensive client base from multiple locations while tapping into HSOP’s established regional network.

The strategic acquisition aligns with Printmann’s ambition to accelerate growth and penetrate new markets. By integrating HSOP’s operations, Printmann gains a robust platform to cater to southern India’s pharmaceutical packaging demands, enhancing its ability to deliver high-quality solutions across a broader geography..

Tejas Tanna, director at Printmann Group, highlighted the acquisition’s significance, stating that HSOP’s business model complements Printmann’s core values. “We see tremendous synergy in HSOP’s strong customer relationships and operational efficiency, which mirror our principles. This move allows us to bring our advanced technologies and service excellence to southern India, ensuring our clients receive unparalleled support.”

The acquisition unfolded against a growing pharmaceutical sector in southern India, where demand for specialised packaging solutions is surging. HSOP’s established presence in Hyderabad, a hub for pharma manufacturing, provides Printmann with a strategic entry point to capitalise on this growth.

Ankit Tanna, also a director at Printmann Group, emphasised the long-term vision, noting, “This acquisition is a cornerstone of our expansion strategy. It broadens our market reach and strengthens our ability to innovate and deliver for our customers across India.”

The acquisition, finalised in early 2025, was facilitated by Mumbai-based Singhi Advisors, which served as financial advisors, and JSA, which served as legal advisors.