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'''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}}
'''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> The company is the leading adhesives manufacturer 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 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.<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>
</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 [[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>
Pidilite markets the [[Fevicol]] range of adhesives. Its other brands are FeviKwik, FeviGum, 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]]). In 2022, Pidilite Industries partnered with 100x.VC.<ref>{{cite news |last1=Times |first1=Economics |title=100xvc partners with Pidilite Industries |url=https://economictimes.indiatimes.com/tech/technology/100x-vc-partners-with-pidilite-industries-for-venture-capital-arm/articleshow/94180690.cms?from=mdr}}</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 2015, Pidilite acquired a 70% majority stake in Nina Waterproofing Systems for {{INRconvert|100|c|year=2015|mode=historical}}.<ref>{{cite news |title=Pidilite to invest up to Rs 100 cr in Nina Waterproofing |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/pidilite-to-invest-up-to-rs-100-cr-in-nina-waterproofing/articleshow/46749197.cms |access-date=14 February 2023 |work=The Economic Times |date=30 March 2015}}</ref>
In 2015, Pidilite acquired a 70% majority stake in Nina Waterproofing Systems for {{INRconvert|100|c|year=2015|mode=historical}}.<ref>{{cite news |title=Pidilite to invest up to Rs 100 cr in Nina Waterproofing |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/pidilite-to-invest-up-to-rs-100-cr-in-nina-waterproofing/articleshow/46749197.cms |access-date=14 February 2023 |work=The Economic Times |date=30 March 2015}}</ref>

*In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for {{INRconvert|96|c|year=2018|mode=historical}}.<ref>{{cite news |title=Pidilite Industries to acquire stake in CIPY Polyurethanes |url=https://timesofindia.indiatimes.com/business/india-business/pidilite-industries-to-acquire-stake-in-cipy-polyurethanes/articleshow/62382768.cms |access-date=14 February 2023 |work=The Times of India |date=5 January 2018}}</ref>
*In 2020, Pidilite acquired [[Huntsman Corporation]]'s Indian subsidiary for {{INRconvert|2100|c|year=2020|mode=historical}} to strengthen their retail adhesives and sealants portfolio.<ref>{{cite web |title=Pidilite to acquire Huntsman unit for ₹2,100 crore |url=https://www.thehindu.com/business/Industry/pidilite-to-acquire-huntsman-unit-for-2100-crore/article32969691.ece |website=The Hindu |language=en-IN |date=29 October 2020}}</ref>
In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for {{INRconvert|96|c|year=2018|mode=historical}}.<ref>{{cite news |title=Pidilite Industries to acquire stake in CIPY Polyurethanes |url=https://timesofindia.indiatimes.com/business/india-business/pidilite-industries-to-acquire-stake-in-cipy-polyurethanes/articleshow/62382768.cms |access-date=14 February 2023 |work=The Times of India |date=5 January 2018}}</ref>

In 2020, Pidilite acquired [[Huntsman Corporation]]'s Indian subsidiary for {{INRconvert|2100|c|year=2020|mode=historical}} to strengthen their retail adhesives and sealants portfolio.<ref>{{cite web |title=Pidilite to acquire Huntsman unit for ₹2,100 crore |url=https://www.thehindu.com/business/Industry/pidilite-to-acquire-huntsman-unit-for-2100-crore/article32969691.ece |website=The Hindu |language=en-IN |date=29 October 2020}}</ref>

In 2022, Pidilite Industries partnered with 100x.VC.<ref>{{cite news |last1=Times |first1=Economics |title=100xvc partners with Pidilite Industries |url=https://economictimes.indiatimes.com/tech/technology/100x-vc-partners-with-pidilite-industries-for-venture-capital-arm/articleshow/94180690.cms?from=mdr}}</ref>


== References ==
== References ==

Latest revision as of 07:50, 27 November 2024

Pidilite Industries Limited
Company typePublic
IndustryChemicals
Founded1959
FounderBalvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
ProductsAdhesives, Construction Chemicals
RevenueIncrease ₹12,337 crore (US$1.5 billion) (FY24)[1]
Increase ₹2,707 crore (US$320 million) (FY24)[1]
Increase ₹1,747 crore (US$210 million) (FY24)[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 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, 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

[edit]

The 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]
  1. ^ a b c "Q4 & FY 24 Earnings Presentation" (PDF). Pidilite. Retrieved 22 May 2024.
  2. ^ "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
  3. ^ "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
  4. ^ "Pidilite Website". Retrieved 2 September 2017.
  5. ^ Somvanshi, Kiran Kabtta (1 December 2018). "Pidilite: Glued firmly to the growth path". The Economic Times. Retrieved 8 May 2022.
  6. ^ "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". www.bloomberg.com.
  7. ^ 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.
  8. ^ "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
  9. ^ "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
  10. ^ "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. Retrieved 14 February 2023.
  11. ^ "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
  12. ^ "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.
  13. ^ Times, Economics. "100xvc partners with Pidilite Industries".
[edit]


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