Pidilite Industries
 | |
| Company type | Public |
|---|---|
| Industry | Chemicals |
| Founded | 1959 |
| Founder | Balvant Parekh |
| Headquarters | , India |
Key people |
|
| Products | Adhesives, Construction Chemicals |
| Revenue |  ₹13,094 crore (US$1.5 billion) (2025) |
| ₹3,013 crore (US$360 million) (2025) | |
| ₹2,096 crore (US$250 million) (2025) | |
| Owner | Madhukar Parekh and family (70%)[1] |
Number of employees | 6,064 (2020)[2] |
| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[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, 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
[edit]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
[edit]- ^ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
- ^ "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
- ^ "Q4' FY 25 Earnings Presentation" (PDF). Pidilite. Retrieved 14 May 2025.
- ^ "Pidilite Website". Retrieved 2 September 2017.
- ^ Somvanshi, Kiran Kabtta (1 December 2018). "Pidilite: Glued firmly to the growth path". The Economic Times. Retrieved 8 May 2022.
- ^ "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". www.bloomberg.com.
- ^ 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.
- ^ "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
- ^ "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
- ^ "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. Retrieved 14 February 2023.
- ^ "Pidilite forms JV with Italy's ICA". The Times of India. 27 April 2016. ISSN 0971-8257. Retrieved 10 May 2025.
- ^ 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.
- ^ "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
- ^ "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.
- ^ Times, Economics. "100xvc partners with Pidilite Industries".
- ^ 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.
External links
[edit]- Official website
- Official website for Industrial Products
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