TUGZip is an advanced archiving utility with an easy-to-use interface and support for a wide range of file formats. It lets you create 7-ZIP, BZ2, CAB, LHA (LZH), SQX, TAR, TGZ, YZ1 and ZIP archives and supports opening of ZIP, 7-ZIP, A, ACE, ARJ, BZ2, CAB, CPIO, DEB, GCA, GZ, IMP, LHA (LZH), LIB, RAR, RPM, SQX, TAR, TGZ, TBZ, TAZ, ZOO, ARC and YZ1 archives. Also included comes an SFX-tool to create self-extracting archives and an additional scripting tool to simplify automated backups. Additional features include support for Zip64 algorithm, built-in encryption using multiple algorithms (Blowfish, DES, Triple DES and Rijndael).

Features:
* Supports ZIP, 7-ZIP, A, ACE, ARC, ARJ, BH, BZ2, CAB, CPIO, DEB, GCA, GZ, IMP, JAR, LHA (LZH), LIB, RAR, RPM, SQX, TAR, TGZ, TBZ, TAZ, YZ1 and ZOO archives.
* Supports BIN, C2D, IMG, ISO and NRG disc-images.
* Support for external plugins.
* Windows® shell integration, e.g. drag & drop, shell context menu and drop handlers.
* Create 7-ZIP, BH, BZ2, CAB, JAR, LHA (LZH), SQX, TAR, TGZ, YZ1 and ZIP archives.
* Script support which allows you to make automated backups.
* Basic features like: add, extract, delete, rename, run, view, checkout, install, test, comment, SFX, virus-scanning, disk-spanning and much more.
* Repair corrupted ZIP and SQX archives.
* Can extract multiple archives at once using Multi Extract.
* Encrypt archives using 6 different algorithms. Blowfish (128-bit), DES (56-bit), Triple DES (168-bit) and Rijndael (128-bit, 192-bit and 256-bit).
* Create self-extracting encrypted archives.
* Automatic updates using the “Web Update” function.
via Ghacks






Yeah, I tried that few months back. It’s pretty good.
Nice utility with added features, is it free to use?
@ Nirmal.
Yes its freeware