LEAP (IFC-41326)

  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 21.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 17, 2019

Disclosed by Bank Aug 9, 2018

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Project Description

According to IFC, "IFC is considering to invest in LEAP India Pvt. Ltd, a provider of returnable and customized packaging to a variety of industries and provides wooden pallets and foldable large containers (FLCs) on lease which are used for storing and moving products across the supply chain.

Over the last five years LEAP has built an asset base of about 1.3 million softwood pallets (pallets are purchased from contract manufacturers and largely provided on rent to customers or in few cases sold to the customer directly) and about 30,000 FLCs which are supplied to about 262 clients. LEAP has a pan India network comprising 17 warehouses located in 12 states with total area of ~260,000 sqft and which are taken on lease based on lease agreement.

Wood planks and wood blocks used for making pallets are imported by the lumber importers from various countries such as Germany, Baltics, Siberia and Russia based on specifications provided by LEAP. The lumber so imported is then purchased by the contract manufacturers engaged by LEAP in the quantity required to meet the pallet orders on hand. A small portion of the wood around 0.1% is sourced locally by the contract manufacturers."

Investment Description
Private Actors Description

According to IFC, LEAP company was founded in 2013 and is majority owned by its Founder, Mr. Sunu Mathew. The Company has received two rounds of funding from private equity investors – Mayfield India II Ltd., Sixth Sense India Opportunities I and Indianivesh Growth and Special Situations Fund. LEAP has a pan India network comprising 18 warehouses, 14 contract manufacturing centers and a team of 270 employees that allows the Company to efficiently service its client’s needs.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector

Contact Information

LEAP India Private Limited
Sunu Mathew
Founder & Managing Director
022 2885 8714
302, 3rd floor, Ruby Crescent Business Boulevard, Ashok Chakravarti Rd, Ashok Nagar, Kandivali East, Mumbai, Maharashtra 400101


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