MCPI Private Limited was incorporated on February 19, 1997, initially as MCC PTA India Corp. Private Limited, a subsidiary of Mitsubishi Chemical Corporation (MCC). In November 2016, a significant ownership transition occurred when The Chatterjee Group, led by Dr. Purnendu Chatterjee, acquired a 99.4% stake in MCPI from MCC. Under TCG’s leadership, MCPI has undergone a remarkable turnaround, achieving record capacity utilization, sales, and profitability in the years following the acquisition. With a sharp focus on sustainable practices, the company is actively aligning its operations with global ESG standards.
For 25 years, MCPI’s Quality Policy and gold standard PTA quality serves as a defining strength, demonstrating its commitment to delivering superior product and services that consistently exceed customer expectations.
The agile temperament of the organization has propelled it further into the downstream polyester market through the acquisition of Garden Silk Mills Private Limited (GSMPL) in February 2021. Not just downstream, but MCPI has expanded its horizon into diversified arenas of business - logistics, industrial yarn and food technology.
MCPI integrates sustainability into its business philosophy focusing on environmental stewardship and sustainable practices through relentless efforts to reduce emissions, preserve natural resources and work towards overall well-being of communities around. The company works responsibly towards society by supporting education opportunities, fostering skill developments, and enhancing quality of lives within various communities.
The company’s motto of Empowering Excellence traverses the domains of manufacturing, product quality, superlative marketing & financial capabilities, digitization potential, sustainability and above all learning agility. The core values of the organization are Trust, Integrity, Compliance and Respect that define the MCPI way of life. MCPI’s culture is also embedded in the pillars of Care, Purpose, Learning and Results. Thus, the combination of organizational values and culture forms a powerful bedrock that drives the commitment to excellence, innovation, sustainability, growth and success for each employee as well as the organization.