+
Funskool expands factories in India
ECONOMY & POLICY

Funskool expands factories in India

Funskool India, India's leading toy manufacturer, is proud to announce a significant expansion of its facilities in Ranipet, Tamil Nadu. This expansion includes an addition of 163,000 square feet to its existing premises, effectively doubling the Company's manufacturing capacity.

The upgraded facilities in both Unit 1 and Unit 2 represent a substantial investment in Funskool's production capabilities. In addition to the 2 units at Ranipet, Funskool also has 162664 square feet of manufacturing space in its first plant at Goa.

Arun Mammen, Chairman of Funskool India and Vice Chairman & Managing Director of MRF Limited., remarked while inaugurating the upgraded facilities at both the Ranipet plants on Friday 12th April 2024, ?Funskool India has experienced remarkable growth over the years. With this expansion, we solidify our position as a leader in India?s toy industry and move closer to our goal of transforming India into a global hub for toy manufacturing.?

R Jeswant, CEO of Funskool India Ltd., added, "Our commitment to the 'Make in India' initiative is stronger than ever. This expansion not only meets the Manufacturing needs of rising domestic demand but Exports as well.

In addition to increasing capacity, Funskool's expansion allows for the production of a wider range of toys, including both plastic and wooden varieties. A dedicated wing within the expanded campus has started focussing on the manufacturing of wooden toys, aligning with Funskool? s strategic growth objectives.

K A Shabir, Vice President of Manufacturing & International Division., noted "The expansion was driven by a significant increase in export demand, with sizable growth over the previous year. "Funskool is now a preferred OEM supplier for international brands who view India as a reliable sourcing destination. Also, Funskool's own brands are now being exported to over 35 countries."

Highlighting the company's commitment to social responsibility, the workforce at the Ranipet plants comprises 80% women reinforcing Funskool's dedication to empowering women and their critical role in national development.

Moreover, both factories in Ranipet utilize solar energy for running the plants, underscoring Funskool's commitment to sustainability. Funskool recognises the importance of sustainability and other practices in promoting fair dealing, ensuring health & safety and managing environmental impact in all operations.

Funskool has consistently been expanding its product portfolio through its homegrown brands such as Giggles, Fundough, Handycrafts, Games and Play&Learn, apart from numerous tie-ups with international toy manufacturing giants.

Funskool India, India's leading toy manufacturer, is proud to announce a significant expansion of its facilities in Ranipet, Tamil Nadu. This expansion includes an addition of 163,000 square feet to its existing premises, effectively doubling the Company's manufacturing capacity. The upgraded facilities in both Unit 1 and Unit 2 represent a substantial investment in Funskool's production capabilities. In addition to the 2 units at Ranipet, Funskool also has 162664 square feet of manufacturing space in its first plant at Goa. Arun Mammen, Chairman of Funskool India and Vice Chairman & Managing Director of MRF Limited., remarked while inaugurating the upgraded facilities at both the Ranipet plants on Friday 12th April 2024, ?Funskool India has experienced remarkable growth over the years. With this expansion, we solidify our position as a leader in India?s toy industry and move closer to our goal of transforming India into a global hub for toy manufacturing.? R Jeswant, CEO of Funskool India Ltd., added, Our commitment to the 'Make in India' initiative is stronger than ever. This expansion not only meets the Manufacturing needs of rising domestic demand but Exports as well. In addition to increasing capacity, Funskool's expansion allows for the production of a wider range of toys, including both plastic and wooden varieties. A dedicated wing within the expanded campus has started focussing on the manufacturing of wooden toys, aligning with Funskool? s strategic growth objectives. K A Shabir, Vice President of Manufacturing & International Division., noted The expansion was driven by a significant increase in export demand, with sizable growth over the previous year. Funskool is now a preferred OEM supplier for international brands who view India as a reliable sourcing destination. Also, Funskool's own brands are now being exported to over 35 countries. Highlighting the company's commitment to social responsibility, the workforce at the Ranipet plants comprises 80% women reinforcing Funskool's dedication to empowering women and their critical role in national development. Moreover, both factories in Ranipet utilize solar energy for running the plants, underscoring Funskool's commitment to sustainability. Funskool recognises the importance of sustainability and other practices in promoting fair dealing, ensuring health & safety and managing environmental impact in all operations. Funskool has consistently been expanding its product portfolio through its homegrown brands such as Giggles, Fundough, Handycrafts, Games and Play&Learn, apart from numerous tie-ups with international toy manufacturing giants.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code