Pidilite Industries

Last updated

Pidilite Industries Limited
Company type Public
Industry Chemicals
Founded1959
Founder Balvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
Products Adhesives, Construction Chemicals
RevenueIncrease2.svg₹13,094 crore (US$1.5 billion) (2025)
Increase2.svg₹3,013 crore (US$360 million) (2025)
Increase2.svg₹2,096 crore (US$250 million) (2025)
Owner Madhukar Parekh and family (70%) [1]
Number of employees
6,064 (2020) [2]
Website www.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]

Contents

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. 1 2 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. 1 2 "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.


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