Pidilite Industries

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, Fevicryl, Dr. Fixit, D-klog, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. Pidilite has launched Dr.Fixit Heatshield, a heat-reducing exterior coating that is developed by R&D team in India & Singapore.[7]

The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh).

History

The company was founded in 1959.[8][9]

In 2015, Pidilite acquired a 70% majority stake in Nina Waterproofing Systems for inr 1000000000.[10]

In 2016, Pidilite formed a joint venture with Industria Chimica Adriatica Spa (ICA), an Italian company.[11] The joint venture is named ICA Pidilite.[12]

In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for inr 960000000.[13]

In 2020, Pidilite acquired Huntsman Corporation's Indian subsidiary for inr 21000000000 to strengthen their retail adhesives and sealants portfolio.[14]

In 2022, Pidilite Industries partnered with 100x.VC.[15]

In 2023, Pidilite Industries formed two joint ventures: Pidilite Litokol with Litokol, an Italian company, and Tenax Pidilite with Tenax, also an Italian company.[16] As part of the joint venture agreements, both Litokol and Tenax transferred technology to Pidilite.[16] In 2024, ICA Pidilite signed an agreement to license certain ultraviolet technologies from ICA.[12]

References

  1. Madhukar Parekh & family Forbes, retrieved 4 October 2018^
  2. Pidilite Industries Ltd. Financial Statements moneycontrol.com^
  3. Q4’ FY 25 Earnings Presentation Pidilite, retrieved 14 May 2025^
  4. Pidilite Website retrieved 2017-09-02^
  5. Kiran Kabtta Somvanshi. Pidilite: Glued firmly to the growth path The Economic Times, 1 December 2018, retrieved 2022-05-08^
  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, retrieved 2010-07-16^
  8. About Pidilite Industries company BusinessWeek, retrieved 2010-09-28^
  9. Pidilite Industries Ltd Bloomberg.com, retrieved October 26, 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 forms JV with Italy's ICA The Times of India, 27 April 2016, retrieved 10 May 2025^
  12. Jomy Jos Pullokaran. Pidilite Industries JV inks UV technology licensing pact with Italian partner CNBC TV18, 14 June 2024, retrieved 11 May 2025^
  13. Pidilite Industries to acquire stake in CIPY Polyurethanes The Times of India, 5 January 2018, retrieved 14 February 2023^
  14. Pidilite to acquire Huntsman unit for ₹2,100 crore The Hindu, 29 October 2020^
  15. Economics Times. 100xvc partners with Pidilite Industries^
  16. Pidilite Industries gains on launch of 2 new JV units with Italian firms Moneycontrol, 21 June 2023, retrieved 10 May 2025^