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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 |date=6 March 2024 |title=Pidilite Share Price Target 2024, 2025, 2030 – मोनोपोली प्रोडक्ट्स |url=https://aksnews.in/pidilite-share-price-target-2024-2025-2030/ |url-status=live |access-date=14 February 2023 |work=Aks News}}</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 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 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>

Revision as of 14:27, 7 February 2024

Pidilite Industries Limited
Company typePublic
IndustryChemicals
Founded1959
FounderBalvant Parekh
Headquarters
Andheri, Mumbai
,
India
Key people
ProductsAdhesives, Construction Chemicals
RevenueIncrease ₹11,752 crore (US$1.4 billion) (FY23)[1]
Increase ₹1,723 crore (US$200 million) (FY23)[1]
Increase ₹1,282 crore (US$150 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]

  • 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. ^ a b c "Pidilite Industries Q4 results: Net profit rises 11% to Rs 283 crore, misses estimates". CNBC TV18. 8 May 2023. Retrieved 28 May 2023.
  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. ^ Times, Economics. "100xvc partners with Pidilite Industries".
  9. ^ "About Pidilite Industries company". BusinessWeek. Archived from the original on 3 October 2012. Retrieved 28 September 2010.
  10. ^ "Pidilite Industries Ltd". Bloomberg.com. Retrieved 26 October 2021.
  11. ^ "Pidilite to invest up to Rs 100 cr in Nina Waterproofing". The Economic Times. 30 March 2015. Retrieved 14 February 2023.
  12. ^ "Pidilite Industries to acquire stake in CIPY Polyurethanes". The Times of India. 5 January 2018. Retrieved 14 February 2023.
  13. ^ "Pidilite to acquire Huntsman unit for ₹2,100 crore". The Hindu. 29 October 2020.


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