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~Company Records Unprecedented Surge from ₹20 Crore in 2020 to ₹180 Crore in 2024, Cementing Its Leadership in India’s Sustainable Steel Bottle Market
~Pexpo Leads Industry Transformation as Sole Indian Applicant Driving Anti-Dumping Duty on Vacuum Flasks Against China, strengthens ‘Made in India’ Manufacturing Ecosystem
Mumbai, 26 November 2025 – Pexpo, a leading Indian brand in sustainable steel bottle manufacturing, today announced that it has achieved a ten-fold increase in revenue over the last six years. The company’s turnover, which stood at approximately ₹20 crore in 2020, rose sharply to ₹180 crore in 2024, and is projected to cross ₹250 crore by the end of FY 2025.
This exceptional growth highlights Pexpo’s sustained investment in innovation, manufacturing excellence, and its commitment to reducing plastic dependency across India.
“Our journey has been truly inspiring. We began with a small foundation and a big vision,” said Vedant Padia, Director, Pexpo. “Within six years, our revenue has grown 10 times, reflecting the trust of our customers and the relentless effort of our team. This growth is a testament to the quality and innovation embedded in the Pexpo brand.”
The company’s success is firmly rooted in its core motto: to replace the use of plastic not just for health reasons but also to increase sustainability for the planet and its people.
Pexpo Champions India’s Interests with Anti-Dumping Duty on Vacuum Flasks
In an achievement for India’s manufacturing ecosystem, Pexpo also emerged as the sole domestic applicant to file the petition seeking Anti-Dumping Duty (ADD) on Vacuum Flasks imported from China.
This singular step, rooted in national interest and aligned with the vision of the Honourable Prime Minister Shri Narendra Modi ji, marks a turning point for the Indian steel bottle industry. Following a rigorous multi-year evaluation, the Government of India approved the Anti-Dumping Duty in March 2025, setting the stage for a transformed, self-reliant manufacturing landscape.
As the industry’s first mover in this direction, Pexpo has helped shift the sector from an import-dependent supply chain to one built on end-to-end domestic manufacturing, strengthening the ‘Made in India’ and ‘Aatmanirbhar Bharat’ mission.
“This duty is not for us alone, this is for the whole country,” Vedant Padia added. “This bold step, taken in line with the vision of ‘Made in India,’ will help India in multiple ways like –
- Generate large-scale employment within India. (We are one of the largest recruiters of women workers)
- Empower women by increasing opportunities in manufacturing
- Reduce dependence on Chinese imports and strengthen Indian manufacturers.
- Promote technology transfer and skill development
- Strengthen local industry and promote the true spirit of Make in India”
This achievement belongs to every Indian worker, every Indian entrepreneur, and every customer who believes in Indian products and the dream of a self-reliant India.
