Structuring a ₹200 Cr Project the Right Way
Background
The company has been around since 1956, and is one of Gujarat’s older names in paper and packaging. The company makes kraft paper, paperboard, and corrugated cartons, with recycling at the heart of its operations.
It’s a business built on consistency , solid operations, ethical practices, and a reputation that’s been earned over decades. By the time we got involved, the company was gearing up for its next big move , a largescale project that needed serious capital.
The Challenge
The promoters were looking to raise around ₹200 crores for expansion. The project itself was strong, but documentation, financial planning, and communication with banks needed tightening.
Like many long established businesses, Company’s finance processes were designed for stability, not for pitching to lenders. The team had data, but not the kind of structured, forward looking story banks expect when evaluating a loan of this size.
They needed someone to pull the entire financing package together , from numbers and reports to how those numbers were presented.
Mantraa’s Role
Mantraa came in as the financial advisor and project partner.
We started with the CMA data , building it from the ground up, aligning projections with capacity, cash flow, and debt coverage. The idea was to make the model speak the language of lenders , precise, defensible, and practical.
Then came the project report, which tied the technical and operational details to financial outcomes. It wasn’t just a spreadsheet exercise; it was about helping banks see why the expansion made sense.
We also handled coordination with multiple banks, ensuring every question and compliance point was addressed quickly. That made the process smoother and avoided the usual backandforth delays that come with large project loans.
The Impact
The ₹200 crore proposal moved forward with clarity and confidence. With all documents in place , CMA, projections, and reports , the promoters could focus on running the business instead of chasing paperwork. Conversations with lenders were faster, cleaner, and based on facts, not assumptions.
Most importantly, Company’s credibility as a borrower strengthened , banks could see the professionalism behind the numbers.
Key Takeaway
Looking Ahead
With project financing underway, Company is on track to expand capacity and upgrade production technology. Mantraa continues to assist with financial planning and lender coordination, ensuring the company scales without losing the discipline it’s known for.
