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 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, 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]

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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. "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".