Pidilite Industries

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Pidilite Industries Limited
Traded as
IndustryChemicals
Founded1959
Founder(s)Balvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
ProductsAdhesives, Construction Chemicals
RevenueIncrease ₹7,443 crore (US$1.0 billion) (2020)[1]
Increase ₹1,500 crore (US$210 million) (2020)[1]
Increase ₹1,119 crore (US$160 million) (2020)[1]
Total assetsIncrease ₹6,535 crore (US$920 million) (2020)[1]
Total equityIncrease ₹4,393 crore (US$620 million) (2020)[1]
OwnerMadhukar Parekh and family (70%)[2]
Number of employees
6,064 (2020)[1]
Websitewww.pidilite.com

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]

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]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
  2. ↑ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
  3. ↑ "Pidilite Website". Retrieved 2 September 2017.
  4. ↑ Somvanshi, Kiran Kabtta (1 December 2018). "Pidilite: Glued firmly to the growth path". The Economic Times. Retrieved 8 May 2022.
  5. ↑ "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". www.bloomberg.com.
  6. ↑ 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.
  7. ↑ "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
  8. ↑ "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
  9. ↑ 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]


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