Pidilite Industries

Last updated

Pidilite Industries Limited
Company type Public
Industry Chemicals
Founded1959
Founder Balvant Parekh
Headquarters,
India
Key people
Products Adhesives, Construction Chemicals
RevenueIncrease2.svg12,337 crore (US$1.5 billion) (FY24) [1]
Increase2.svg2,707 crore (US$320 million) (FY24) [1]
Increase2.svg1,747 crore (US$210 million) (FY24) [1]
Owner Madhukar Parekh and family (70%) [2]
Number of employees
6,064 (2020) [3]
Website www.pidilite.com

Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai. [4] The company is the dominant and leading adhesives company in India. [5] Pidilite also manufactures products across 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]

Contents

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). In 2022, Pidilite Industries partnered with 100x.VC. [8]

History

The company was founded in 1959. [9] [10]

Related Research Articles

<span class="mw-page-title-main">Reliance Industries</span> Indian multinational conglomerate

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.

Huntsman Corporation is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers. Huntsman manufactures assorted polyurethanes, performance products, and adhesives for customers like BMW, GE, Chevron, Procter & Gamble, Unilever and Walkaroo. With global headquarters in The Woodlands, Texas, it operates more than 60 manufacturing, R&D and operations facilities in over 25 countries and employ approximately 7,000 associates across three business divisions. Huntsman Corporation had 2023 revenues of approximately $6 billion.

<span class="mw-page-title-main">Titan Company</span> Indian multinational watch manufacturing company

Titan Company Limited is an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore, and registered office in Hosur, Tamil Nadu.

<span class="mw-page-title-main">Clariant</span> Swiss specialty chemicals company

Clariant AG is a Swiss multinational speciality chemical company, formed in 1995 as a spin-off from Sandoz. Headquartered in Muttenz, Switzerland, the public company encompasses 68 subsidiaries in 36 countries (2023). Major manufacturing sites are located in Europe, North America, South America, China, and India. In 2023, sales from continuing operations were 4.377 billion CHF.

<span class="mw-page-title-main">Fevicol</span> Indian adhesive brand

Fevicol is an Indian brand of adhesives owned by the company Pidilite Industries.

<span class="mw-page-title-main">Covestro</span> German chemical company

Covestro AG is a German company producing polyurethane and polycarbonate raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer spin off formed in the fall of 2015 and was formerly called Bayer MaterialScience.

<span class="mw-page-title-main">Lucky Core Industries</span> Pakistani chemical company

Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.

Arkema S.A. is a publicly listed, multi-national manufacturer of specialty materials, headquartered in Colombes, near Paris, France. It has three specialty materials segments ; adhesives, advanced materials and coatings. A further segment covers chemical intermediates.

<span class="mw-page-title-main">Graco (fluid handling)</span> American manufacturer of fluid-handling systems

Graco is an American industrial company specializing in the development and manufacturing of fluid-handling systems and products. The company is headquartered in Minneapolis, Minnesota and markets its products to customers worldwide.

<span class="mw-page-title-main">Havells</span> Indian electrical equipment manufacturer

Havells India Limited is an Indian multinational electrical equipment company, based in Noida. It was founded by Haveli Ram Gandhi, later sold to Qimat Rai Gupta who was his distributor. The company manufactures home appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables and wires, induction motors, and capacitors among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.

<span class="mw-page-title-main">JSW Steel</span> Indian multinational steel company

JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.

<span class="mw-page-title-main">Sika AG</span> Specialty chemical company

Sika AG is a Swiss multinational specialty chemical company that supplies to the building sector and motor vehicle industry, headquartered in Baar, Switzerland. Sika was founded in 1910 by Kaspar Winkler. Currently, it has over 33,000 employees, subsidiaries in more than 100 countries, and an annual sales turnover of CHF 10.5 billion.

Samvardhana Motherson International Ltd is an Indian multinational manufacturer of automotive components, based in Noida. It makes wiring harnesses, plastic components and rearview mirrors for passenger cars. The company was established in 1986 as a joint venture with the Sumitomo Group of Japan.

The Anthea Group is a private group of companies engaged in the manufacture and export of a range of speciality chemicals based in Mumbai, India. The Group is a major producer of Fragrance & Flavour chemicals, catering to key F&F multinationals. It markets its goods in North and South America, Europe and the Asia-Pacific region. Additionally, the Anthea Group produces speciality chemicals which are used in a range of applications such as pharmaceuticals, flame retardant polymers and agrochemicals.

Specialty chemicals are particular chemical products which provide a wide variety of effects on which many other industry sectors rely. Some of the categories of speciality chemicals are adhesives, agrichemicals, cleaning materials, colors, cosmetic additives, construction chemicals, elastomers, flavors, food additives, fragrances, industrial gases, lubricants, paints, polymers, surfactants, and textile auxiliaries. Other industrial sectors such as automotive, aerospace, food, cosmetics, agriculture, manufacturing, and textiles are highly dependent on such products.

<span class="mw-page-title-main">Atul (company)</span> Indian chemical company

Atul Ltd is an integrated chemical company founded by Kasturbhai Lalbhai on September 5, 1947 in India. The company manufactures 900 products and 400 formulations and owns 140 retail brands. It serves 4,000 customers belonging to 30 diverse industries and has established subsidiary companies in the US, the UK, the UAE, China and Brazil to serve its customers.

Madhukar Balvantray Parekh is an Indian entrepreneur, Chairman of Pidilite Industries, a global company among the leaders in adhesives and sealants, construction chemicals, and hobby colors. Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019.

<span class="mw-page-title-main">Chemence</span>

Chemence is a speciality chemical and medical device manufacturer which products include cyanoacrylate adhesives, anaerobic adhesives, impregnation sealants, adhesive activators, epoxy resins, UV adhesives, photopolymer resins, custom printer ink cartridges, Gas pipe sealants, and soak off nail polishes. Chemence is a supplier of photopolymer and commercial printers to the flexographic industry in the US and Europe, as well as the primary sealant supplier to British Gas, and a primary supplier of private-label adhesives to companies including Tesco, 3M, Bostik, and Bondo. The company's catalogue of patents includes processes, packaging devices, and chemical combinations.

Bombay Oil Industries Limited (BOIL) is an Indian holding company based in Mumbai, Maharashtra. Its subsidiaries have interests in consumer goods, agriculture, and chemicals.

<span class="mw-page-title-main">Indigo Paints</span> Indian paint company

Indigo Paints Limited is an Indian paint company that is headquartered in Pune, Maharashtra, and has five manufacturing facilities that are located at Jodhpur, Kochi and Pudukkottai. The company is engaged in manufacturing, selling and distribution of decorative paints, Emulsion, enamels, waterproofing & chemical constructions, wood coatings, distemper, primers, putties and cement paints.

References

  1. 1 2 3 "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. Times, Economics. "100xvc partners with Pidilite Industries".
  9. "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
  10. "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
  11. "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. Retrieved 14 February 2023.
  12. "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
  13. "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.