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Pidilite Industries

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Pidilite Industries Limited
Company typePublic
IndustryChemicals
Founded1959
FounderBalvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
ProductsAdhesives, Construction Chemicals
RevenueIncrease ₹12,337 crore (US$1.5 billion) (FY24)[1]
Increase ₹2,707 crore (US$320 million) (FY24)[1]
Increase ₹1,747 crore (US$210 million) (FY24)[1]
OwnerMadhukar Parekh and family (70%)[2]
Number of employees
6,064 (2020)[3]
Websitewww.pidilite.com

Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai.[4] The company is the leading adhesives manufacturer in India.[5] Pidilite also manufactures products in verticals such as art materials and stationery; food and fabric care; car products, adhesives, and sealants; and speciality industrial products like adhesives, pigments; textile resins, leather chemicals, and construction chemicals.[6]

Pidilite markets the Fevicol range of adhesives. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. It also markets and manufactures WD-40 in India.[7]

The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh).

History

The company was founded in 1959.[8][9]

In 2015, Pidilite acquired a 70% majority stake in Nina Waterproofing Systems for ₹100 crore (US$15.59 million).[10]

In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for ₹96 crore (US$14.04 million).[11]

In 2020, Pidilite acquired Huntsman Corporation's Indian subsidiary for ₹2,100 crore (US$283.4 million) to strengthen their retail adhesives and sealants portfolio.[12]

In 2022, Pidilite Industries partnered with 100x.VC.[13]

References

  1. ^ a b c "Q4 & FY 24 Earnings Presentation" (PDF). Pidilite. Retrieved 22 May 2024.
  2. ^ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
  3. ^ "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
  4. ^ "Pidilite Website". Retrieved 2 September 2017.
  5. ^ Somvanshi, Kiran Kabtta (1 December 2018). "Pidilite: Glued firmly to the growth path". The Economic Times. Retrieved 8 May 2022.
  6. ^ "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". www.bloomberg.com.
  7. ^ Kunal Kumar. "Pidilite launches first of its kind Heat Reducing Exterior Coating". Indiaprwire.com. Archived from the original on 15 April 2010. Retrieved 16 July 2010.
  8. ^ "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
  9. ^ "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
  10. ^ "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. Retrieved 14 February 2023.
  11. ^ "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
  12. ^ "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.
  13. ^ Times, Economics. "100xvc partners with Pidilite Industries".


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