Hyderabad based packaging material maker Bollant Industries has raised an undisclosed funding from Ratan Tata. This is the third non tech investment by Ratan Tata. He had earlier invested in Grameen Capital India, a social impact-focused investment advisory firm and also in healthcare service provider Swasth India.

Launched in 2012 by Srikanth Bolla, Bollant Industries manufactures eco-friendly paper and biodegradable products and provides mainstream employment to several hundred differently-abled people.

The company claims to have increased sales at 20 per cent a month since inception. The company currently employs 400 workers across five operating plants in Telangana and Karnataka. A new mega-plant is in the works at Sri City Special Economic Zone in Andhra Pradesh. It also says that it is mid-way through a Rs 14 crore angel investment round that will help the company achieve its target of Rs 100 crore revenue in two-and-a-half years. Currently, the company is valued at Rs 50 crore.

Ratan Tata, who is on investment spree, has invested in almost every segment like e-commerce, healthcare, food tech, finance, technology and clean energy.