Pidilite Industries

Pidilite Industries Limited
Company typePublic
IndustryChemicals
Founded1959
FounderBalvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
ProductsAdhesives, Construction Chemicals
RevenueIncrease ₹13,094 crore (US$1.5 billion) (2025)
Increase ₹3,013 crore (US$360 million) (2025)
Increase ₹2,096 crore (US$250 million) (2025)
OwnerMadhukar Parekh and family (70%)[1]
Number of employees
6,064 (2020)[2]
Websitewww.pidilite.com
Footnotes / references
Financials as of 31 March 2025.[3]

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, FeviGum, Fevicryl, Dr. Fixit, D-klog, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. Pidilite has launched Dr.Fixit Heatshield, a heat-reducing exterior coating that is developed by R&D team in India & Singapore.[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 2016, Pidilite formed a joint venture with Industria Chimica Adriatica Spa (ICA), an Italian company.[11] The joint venture is named ICA Pidilite.[12]

In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for ₹96 crore (US$14.04 million).[13]

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.[14]

In 2022, Pidilite Industries partnered with 100x.VC.[15]

In 2023, Pidilite Industries formed two joint ventures: Pidilite Litokol with Litokol, an Italian company, and Tenax Pidilite with Tenax, also an Italian company.[16] As part of the joint venture agreements, both Litokol and Tenax transferred technology to Pidilite.[16] In 2024, ICA Pidilite signed an agreement to license certain ultraviolet technologies from ICA.[12]

References

  1. ^ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
  2. ^ "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
  3. ^ "Q4' FY 25 Earnings Presentation" (PDF). Pidilite. Retrieved 14 May 2025.
  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 forms JV with Italy's ICA". The Times of India. 27 April 2016. ISSN 0971-8257. Retrieved 10 May 2025.
  12. ^ a b Pullokaran, Jomy Jos (14 June 2024). "Pidilite Industries JV inks UV technology licensing pact with Italian partner". CNBC TV18. Retrieved 11 May 2025.
  13. ^ "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
  14. ^ "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.
  15. ^ Times, Economics. "100xvc partners with Pidilite Industries".
  16. ^ a b "Pidilite Industries gains on launch of 2 new JV units with Italian firms". Moneycontrol. 21 June 2023. Archived from the original on 25 June 2023. Retrieved 10 May 2025.


This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.