Company:Pidilite Industries
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| Type | Public |
|---|---|
| Industry | Chemicals |
| Founded | 1959 |
| Founder | Balvant Parekh |
| Headquarters | Andheri, Mumbai , India |
Key people |
|
| Products | Adhesives, Construction Chemicals |
| Revenue |  ₹13,094 crore (US$1.8 billion) (2025) |
| ₹3,013 crore (US$420 million) (2025) | |
| ₹2,096 crore (US$290 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, 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 (Template:INRConvert/HistoricalRate/Formatted).[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 (Template:INRConvert/HistoricalRate/Formatted).[13]
In 2020, Pidilite acquired Huntsman Corporation's Indian subsidiary for ₹2,100 crore (Template:INRConvert/HistoricalRate/Formatted) 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
- ↑ "Madhukar Parekh & family" (in en). https://www.forbes.com/profile/madhukar-parekh/. Retrieved 4 October 2018.
- ↑ "Pidilite Industries Ltd. Financial Statements". https://www.moneycontrol.com/india/stockpricequote/chemicals/pidiliteindustries/PI11.
- ↑ "Q4’ FY 25 Earnings Presentation". Pidilite. https://www.pidilite.com/content/dam/pidilitecorporatewebsite/financial/quarterly-reports/fy-2024-25/q4/se-intimation-earnings-presentation-31-03-2025.pdf.
- ↑ "Pidilite Website". http://www.pidilite.com/. Retrieved 2017-09-02.
- ↑ Somvanshi, Kiran Kabtta (1 December 2018). "Pidilite: Glued firmly to the growth path". The Economic Times. https://economictimes.indiatimes.com/pidilite-glued-firmly-to-the-growth-path/articleshow/66892279.cms.
- ↑ "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". https://www.bloomberg.com/profile/person/20411624.
- ↑ Kunal Kumar. "Pidilite launches first of its kind Heat Reducing Exterior Coating". Indiaprwire.com. http://www.indiaprwire.com/pressrelease/chemical/200805169584.htm. Retrieved 2010-07-16.
- ↑ "About Pidilite Industries company". BusinessWeek. http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=878761. Retrieved 2010-09-28.
- ↑ "Pidilite Industries Ltd". https://www.bloomberg.com/profile/company/PIDI:IN.
- ↑ "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/pidilite-to-invest-up-to-rs-100-cr-in-nina-waterproofing/articleshow/46749197.cms.
- ↑ "Pidilite forms JV with Italy's ICA". The Times of India. 27 April 2016. ISSN 0971-8257. https://timesofindia.indiatimes.com/business/india-business/pidilite-forms-jv-with-italys-ica/articleshow/52001356.cms.
- ↑ 12.0 12.1 Pullokaran, Jomy Jos (14 June 2024). "Pidilite Industries JV inks UV technology licensing pact with Italian partner". https://www.cnbctv18.com/business/companies/ica-pidilite-ica-pidilite-ventures-industria-chimica-adriatica-spa-uv-technology-ica-pidilite-jv-licenses-19428777.htm.
- ↑ "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. https://timesofindia.indiatimes.com/business/india-business/pidilite-industries-to-acquire-stake-in-cipy-polyurethanes/articleshow/62382768.cms.
- ↑ "Pidilite to acquire Huntsman unit for ₹2,100 crore" (in en-IN). 29 October 2020. https://www.thehindu.com/business/Industry/pidilite-to-acquire-huntsman-unit-for-2100-crore/article32969691.ece.
- ↑ Times, Economics. "100xvc partners with Pidilite Industries". https://economictimes.indiatimes.com/tech/technology/100x-vc-partners-with-pidilite-industries-for-venture-capital-arm/articleshow/94180690.cms?from=mdr.
- ↑ 16.0 16.1 "Pidilite Industries gains on launch of 2 new JV units with Italian firms". 21 June 2023. https://www.moneycontrol.com/news/business/stocks/pidilite-industries-gains-on-launch-of-2-new-jv-units-with-italian-firms-10828761.html.
External links
- No URL found. Please specify a URL here or add one to Wikidata.
- Official website for Industrial Products
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