Company:Pidilite Industries

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Short description: Indian multinational adhesives manufacturing company

Pidilite Industries Limited
TypePublic
IndustryChemicals
Founded1959
FounderBalvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
  • Madhukar Parekh (Chairman)
  • Bharat Puri (MD)
ProductsAdhesives, Construction Chemicals
RevenueIncrease ₹11,752 crore (US$1.6 billion) (FY23)[1]
Increase ₹1,723 crore (US$240 million) (FY23)[1]
Increase ₹1,282 crore (US$180 million) (FY23)[1]
OwnerMadhukar Parekh and family (70%)[2]
Number of employees
6,064 (2020)[3]
Websitewww.pidilite.com

Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai .[4] The company is the dominant and leading adhesives company in India.[5] Pidilite also manufactures products across 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, 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). In 2022, Pidilite Industries partnered with 100x.VC.[8]

History

The company was founded in 1959.[9][10]

References

  1. ↑ 1.0 1.1 1.2 "Pidilite Industries Q4 results: Net profit rises 11% to Rs 283 crore, misses estimates" (in en). CNBC TV18. 8 May 2023. https://www.cnbctv18.com/earnings/pidilite-industries-q4-results-net-profit-rises-11-to-rs-283-crore-misses-estimates-16601111.htm. 
  2. ↑ "Madhukar Parekh & family" (in en). https://www.forbes.com/profile/madhukar-parekh/. Retrieved 4 October 2018. 
  3. ↑ "Pidilite Industries Ltd. Financial Statements". https://www.moneycontrol.com/india/stockpricequote/chemicals/pidiliteindustries/PI11. 
  4. ↑ "Pidilite Website". http://www.pidilite.com/. Retrieved 2017-09-02. 
  5. ↑ 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. 
  6. ↑ "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". https://www.bloomberg.com/profile/person/20411624. 
  7. ↑ 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. 
  8. ↑ 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. 
  9. ↑ "About Pidilite Industries company". BusinessWeek. http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=878761. Retrieved 2010-09-28. 
  10. ↑ "Pidilite Industries Ltd". https://www.bloomberg.com/profile/company/PIDI:IN. 
  11. ↑ "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. 
  12. ↑ "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. 
  13. ↑ "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. 

External links



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