Garden Silk Mills Private Limited (GSMPL) is a wholly owned subsidiary of MCPI Private Limited (MCPI) since February 2021. As an entity of MCPI, GSMPL is now a part of The Chatterjee Group (TCG), founded by legendary business leader Dr. Purnendu Chatterjee.
TCG is a global business conglomerate- headquartered in New York- was founded in 1989. The Group is reputed for its strategic investments across sectors – i.e. Petrochemicals, Pharmaceuticals, Biotech, Financial Services, Real Estate, and Technology in the US, Europe, and South Asia. Haldia Petrochemicals in India is a flagship company of the Group.
MCPI is the leading producer of world-class Purified Terephthalic Acid (PTA) in India. PTA is a non-cohesive white powder that serves as an essential raw material for Polyester production. MCPI has joined TCG in 2016 and in the last few years, has scripted a spectacular story of turnaround. Endowed with the proprietary Japanese Technology, MCPI produces best in class PTA at its manufacturing unit in Haldia, West Bengal.
Driven by its motto, Pursuit of Excellence and the Japanese philosophy of Kaizen MCPI is on a continuous path of betterment. The acquisition of GSMPL by MCPI is a strategic act of forward integration by which MCPI forays into the downstream Polyester value chain.