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'''Pidilite Industries Limited''' is an [[ | '''Pidilite Industries Limited''' is an Indian [[adhesive]]s [[manufacturing]] company based in [[Andheri]] (East), [[Mumbai]].<ref>{{cite web|url=http://www.pidilite.com/|title=Pidilite Website|accessdate=2017-09-02}} | ||
</ref> | </ref> The company is the dominant and leading adhesives company in India.<ref>{{Cite news |last=Somvanshi |first=Kiran Kabtta |date=1 December 2018 |title=Pidilite: Glued firmly to the growth path |work=The Economic Times |url=https://economictimes.indiatimes.com/pidilite-glued-firmly-to-the-growth-path/articleshow/66892279.cms |access-date=2022-05-08}}</ref> 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.<ref>{{Cite web|url=https://www.bloomberg.com/profile/person/20411624|title=Salil Dalal, COO - Emerging India, Pidilite Industries Ltd|website=www.bloomberg.com}}</ref> | ||
Pidilite markets the | 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.<ref>{{cite web |author=Kunal Kumar |url=http://www.indiaprwire.com/pressrelease/chemical/200805169584.htm |title=Pidilite launches first of its kind Heat Reducing Exterior Coating |publisher=Indiaprwire.com |date= |accessdate=2010-07-16 |archive-url=https://web.archive.org/web/20100415212135/http://www.indiaprwire.com/pressrelease/chemical/200805169584.htm |archive-date=15 April 2010 |url-status=dead }}</ref> | ||
The company has manufacturing facilities across [[India]] including in [[Mahad]] ([[Maharashtra]]), [[Vapi]] ([[Gujarat]]), [[Baddi]] and [[Kala Amb]] (both in [[Himachal Pradesh]]). | |||
==History== | ==History== | ||
The company was founded in 1959.<ref>{{cite web |url=http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=878761 |title=About Pidilite Industries company |publisher=BusinessWeek |accessdate=2010-09-28 |archive-url=https://web.archive.org/web/20121003103602/http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=878761 |archive-date=3 October 2012 |url-status=dead |df=dmy-all }}</ref><ref>{{cite web |title=Pidilite Industries Ltd |url=https://www.bloomberg.com/profile/company/PIDI:IN |website=Bloomberg.com |access-date=October 26, 2021}}</ref> | The company was founded in 1959.<ref>{{cite web |url=http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=878761 |title=About Pidilite Industries company |publisher=BusinessWeek |accessdate=2010-09-28 |archive-url=https://web.archive.org/web/20121003103602/http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=878761 |archive-date=3 October 2012 |url-status=dead |df=dmy-all }}</ref><ref>{{cite web |title=Pidilite Industries Ltd |url=https://www.bloomberg.com/profile/company/PIDI:IN |website=Bloomberg.com |access-date=October 26, 2021}}</ref> | ||
In 2020, Pidilite acquired [[Huntsman Corporation|Huntsman Corporation's]] Indian subsidiary for Rs. 2,100 crore (US$ 283.38 million).<ref name=":0">{{Cite web |date=May 2022 |title=Chemical Industry, Chemicals Manufacturers and Exporters in India - IBEF |url=https://www.ibef.org/industry/chemical-industry-india |access-date=2022-06-14 |website=India Brand Equity Foundation |language=en}}</ref> This acquisition was done to strengthen their adhesives and sealants portfolio, which will further complement the Pidilite's retail portfolio.<ref name=":0" /> | |||
== References == | == References == | ||
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[[Category:Companies listed on the National Stock Exchange of India]] | [[Category:Companies listed on the National Stock Exchange of India]] | ||
[[Category:Companies listed on the Bombay Stock Exchange]] | [[Category:Companies listed on the Bombay Stock Exchange]] | ||
{{India-company-stub}} | {{India-company-stub}} | ||
Latest revision as of 15:52, 14 June 2022
 | |
| Traded as | |
|---|---|
| Industry | Chemicals |
| Founded | 1959 |
| Founder(s) | Balvant Parekh |
| Headquarters | , |
Key people |
|
| Products | Adhesives, Construction Chemicals |
| Revenue |  ₹7,443 crore (US$1.0 billion) (2020)[1] |
| ₹1,500 crore (US$210 million) (2020)[1] | |
| ₹1,119 crore (US$160 million) (2020)[1] | |
| Total assets | ₹6,535 crore (US$920 million) (2020)[1] |
| Total equity | ₹4,393 crore (US$620 million) (2020)[1] |
| Owner | Madhukar Parekh and family (70%)[2] |
Number of employees | 6,064 (2020)[1] |
| Website | www |
Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai.[3] The company is the dominant and leading adhesives company in India.[4] Pidilite also manufactures products across verticals such as art materials and stationery; food and fabric care; car products, adhesives, and sealants; and speciality industrial products like adhesives, pigments; textile resins, leather chemicals, and construction chemicals.[5]
Pidilite markets the Fevicol range of adhesives. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. It also markets and manufactures WD-40 in India.[6]
The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh).
History[edit | edit source]
The company was founded in 1959.[7][8]
In 2020, Pidilite acquired Huntsman Corporation's Indian subsidiary for Rs. 2,100 crore (US$ 283.38 million).[9] This acquisition was done to strengthen their adhesives and sealants portfolio, which will further complement the Pidilite's retail portfolio.[9]
References[edit | edit source]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
- ↑ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
- ↑ "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.
- ↑ 9.0 9.1 "Chemical Industry, Chemicals Manufacturers and Exporters in India - IBEF". India Brand Equity Foundation. May 2022. Retrieved 14 June 2022.
External links[edit | edit source]
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