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]
 | |
| Company type | Public |
|---|---|
| Industry | Chemicals |
| Founded | 1959 |
| Founder | Balvant Parekh |
| Headquarters | , India |
Key people |
|
| Products | Adhesives, Construction Chemicals |
| Revenue |  ₹12,337 crore (US$1.5 billion) (FY24)[1] |
| ₹2,707 crore (US$320 million) (FY24)[1] | |
| ₹1,747 crore (US$210 million) (FY24)[1] | |
| Owner | Madhukar Parekh and family (70%)[2] |
Number of employees | 6,064 (2020)[3] |
| Website | www |
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
editThe 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]
References
edit- ^ a b c "Q4 & FY 24 Earnings Presentation" (PDF). Pidilite. Retrieved 22 May 2024.
- ^ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
- ^ "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
- ^ "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 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".
External links
edit- Official website
- Official website for Industrial Products
- Pidilite Industries on Twitter
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