Pidilite_Industries

Pidilite Industries

Pidilite Industries

Indian multinational adhesives manufacturing company

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]

Quick Facts Company type, Traded as ...

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]

  • In 2015, Pidilite acquired a 70% majority stake in Nina Waterproofing Systems for ₹100 crore (US$15.59 million).[11]
  • In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for ₹96 crore (US$14.04 million).[12]
  • 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.[13]

References

  1. [1]
    "Pidilite Industries Q4 results: Net profit rises 11% to Rs 283 crore, misses estimates". CNBC TV18. 8 May 2023. Retrieved 28 May 2023.
  2. [2]
    "Madhukar Parekh & family". Forbes. Retrieved 4 October 2018.
  3. [3]
    "Pidilite Industries Ltd. Financial Statements". moneycontrol.com.
  4. [4]
    "Pidilite Website". Retrieved 2 September 2017.
  5. [5]
    Somvanshi, Kiran Kabtta (1 December 2018). "Pidilite: Glued firmly to the growth path". The Economic Times. Retrieved 8 May 2022.
  6. [6]
    "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd". www.bloomberg.com.
  7. [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. [8]
    Times, Economics. "100xvc partners with Pidilite Industries".
  9. [9]
    "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
  10. [10]
    "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
  11. [11]
    "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. Retrieved 14 February 2023.
  12. [12]
    "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
  13. [13]
    "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.


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