SUNDARAM MULTI PAP LTD

Sells exercise notebooks, drawing books and office stationery under the Sundaram Books brand and operates an AI-powered digital learning platform for schools. Manufacturing runs from a Palghar, Maharashtra plant, where a new fully automatic notebook-making machine supplied by Line-O-Matics, costing over Rs 30 million, has been installed and solar roof panels fitted across the 4-acre factory site. Distribution is being widened pan-India through new distributors and stockists in Tier II and Tier III cities, with stated targets of doubling sales points and growing the retail footprint by over 40% on a base where Maharashtra and Gujarat are the established strongholds. The Digital Education platform, active for over a decade, delivers curriculum-aligned classroom content and AI-assisted learning tools (automated question banks, instant mind maps, personalised recommendations) to government, aided and private schools in Maharashtra, with offline and low-bandwidth support. For FY26, revenue from operations stood at Rs 137.11 crore at a 6.1% EBITDA margin; the largest cost is materials at 61.2% of revenue (largely paper), followed by employees at 13.2% and other operating expenses at 13.9%.