Yes, Pidilite is an Indian company. It is a leading Indian multinational company specialising in the manufacturing of adhesives. Apart from adhesives, the company also manufactures sealants, construction chemicals and industrial products. Pidilite offers products under multiple verticals like food and fabric care, art materials and stationery, industrial adhesives, pigments, resins and chemicals for various industries like leather, packaging and textiles.
Pidilite is the owner of the popular brand of adhesives named Fevicol. Its other brands include FeviKwik, FeviGum, M-seal, Dr. Fixit, Roff, Acro, Cyclo, D-Klog and Hobby Ideas. 53% of Pidilite’s annual revenues come from adhesives and sealants, 20% from paint and construction chemicals and the rest from industrial resins, pigments and art materials.
Details | Info |
Founded | 1959 |
Founder | Balvant Parekh |
Headquarters | Andheri, Mumbai, India |
CEO | Bharat Puri |
Sector | Chemicals |
Company History
Pidilite Industries Limited was established in the year 1959 by Balvant Parekh at Andheri in Mumbai, Maharashtra. The company started operations as a manufacturer of specialty chemicals like synthetic glue. Pidilite came into prominence in the 1960s through its flagship synthetic resin adhesive, Fevicol, which quickly became hugely popular among both householders and carpenters.
In the year 1973, Pidilite ventured into industrial chemicals by producing India’s first violet pigment. Subsequently, the company further expanded its product portfolio by adding consumer products like epoxy sealant M-seal and cyanoacrylate adhesive FeviKwik. By the 1990s, Pidilite was exporting its products to over 80 countries and had subsidiaries in Middle East, Africa and South Asia.
In the year 2015, Pidilite acquired 70% stakes in Nina Waterproofing Systems to strengthen its capabilities in construction chemicals. Pidilite formed a joint venture with an Italian company, Industria Chimica Adriatica Spa, in 2016 to manufacture wood finishes.
Current Status
Pidilite is a market leader in India’s adhesives and sealants market, with high shares in consumer, industrial and trade segments. The company operates 68 manufacturing units across India, including in Vapi, Mahad, Baddi and Kala Amb. Furthermore, Pidilite has manufacturing facilities in 8 foreign countries and a global innovation centre in Singapore.
In the year 2023, Pidilite entered into partnerships with Italian firms Litokol and Tenax to form joint ventures named Pidilite Litokol and Tenax Pidilite.
Future Outlook
Pidilite is projected to grow steadily on the back of several factors like rising disposable incomes in India, rapid urbanisation in India and rapid growth of construction and renovation industries in India. The company is looking to increase its penetration in Tier-2 and Tier-3 cities across India.
Pidilite is seeking to enhance its exports by 15% in the next two years through its joint ventures, Pidilite Litokol and Tenax Pidilite. The company is expected to focus on sustainability by introducing eco-friendly, water-based products.