Successful Journey of Pidilite Industry

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Pidilite Industries, a leading Indian adhesives and construction chemicals company, has a remarkable successful journey spanning over six decades. Here's an overview: Early Days (1959-1969) 1. Founded by Balvantray Kalyanji Parekh: Pidilite Industries was established in 1959 in Mumbai, India. 2. Initial product: Fevicol: Introduced Fevicol, a white adhesive, in 1959, which became a huge success. Expansion and Diversification (1970-1999) 1. Introduced new products: Expanded product portfolio with the introduction of M-Seal (1971), Fevikwik (1984), and Dr. Fixit (1993). 2. Established manufacturing facilities: Set up manufacturing plants in various locations across India. 3. Exported products: Began exporting products to neighbouring countries. Modernization and Innovation (2000-2019) 1. Acquired brands: Acquired brands like M-Seal, Dr. Fixit, and Roff. 2. Introduced new products: Launched innovative products like Fevicol Marine, Fevicol SR, and Dr. Fixit Raincoat. 3. Invested in R&D: Established a state-of-the-art R&D centre to develop new products and improve existing ones. 4. Expanded globally: Established subsidiaries and partnerships in countries like the UAE, Bangladesh, and Sri Lanka. Recent Achievements (2020-present) 1. Completed 60 years: Celebrated 60 years of operations in 2019. 2. Launched new products: Introduced products like Fevicol SpeedX and Dr. Fixit Pidiproof. 3. Expanded capacity: Increased manufacturing capacity to meet growing demand. 4. Focused on sustainability: Implemented sustainable practices and reduced carbon footprint. Awards and Recognition 1. "India's Most Trusted Brand": Awarded by Brand Trust Report (2014). 2. "Best Company in the Chemicals Sector": Awarded by CNBC-TV18 (2015). 3. "Golden Peacock Award for Sustainability": Awarded by the Institute of Directors (2019). Financial Highlights 1. Revenue: ₹8,300 crores (approximately $1.1 billion USD) (2022-2023). 2. Net Profit: ₹1,200 crores (approximately $160 million USD) (2022-2023). 3. Market Capitalization: ₹25,000 crores (approximately $3.3 billion USD) (2023). Key Statistics 1. Employee Strength: 5,000+ employees (2023). 2. Manufacturing Facilities: 20+ plants across India (2023). 3. Product Portfolio: 100+ products across various categories (2023). 4. Exports: 20% of total revenue (2022-2023). Lessons Learned Pidilite Industries' success can be attributed to: 1. Innovative spirit: Continuous innovation and introduction of new products. 2. Strong brand portfolio: Established a portfolio of iconic brands like Fevicol and Dr. Fixit. 3. Strategic expansions: Expanded capacity, entered new markets, and established subsidiaries. 4. Focus on sustainability: Implemented sustainable practices and reduced carbon footprint. 5. Strong leadership: Effective leadership and vision from the founders and management team

Pidilite Industries, a leading Indian adhesives and construction chemicals company offers a wide range of products across various categories. Here are some of their key products: Adhesives 1. Fevicol: White adhesive for bonding paper, wood, and other materials. 2. Fevikwik: Instant adhesive for bonding plastics, metals, and other materials. 3. Fevicol Marine: Waterproof adhesive for bonding wood, metal, and other materials in marine applications. 4. Fevicol SR: High-strength adhesive for bonding wood, metal, and other materials. Construction Chemicals 1. Dr. Fixit: Waterproofing solutions for roofs, walls, and floors. 2. Dr. Fixit Raincoat: Waterproof coating for exterior walls. 3. Dr. Fixit Pidiproof: Waterproofing solution for concrete structures. 4. Dr. Fixit LW+: Lightweight, high-strength waterproofing solution. Art and Craft Materials 1. Fevicol SH: White adhesive for art and craft applications. 2. Fevicol Quik: Instant adhesive for art and craft applications. 3. Fevicol 1: White adhesive for paper crafting and scrapbooking. Industrial Adhesives 1. Pidilite Industrial Adhesives: Range of adhesives for industrial applications, including woodworking, packaging, and textile manufacturing. Other Products 1. M-Seal: Epoxy-based adhesive for bonding metals, glass, and other materials. 2. Roff: Range of adhesives and sealants for construction and industrial applications. Product Segments Pidilite Industries' products cater to various segments, including: 1. Consumer: Art and craft materials, adhesives for household use. 2. Construction: Waterproofing solutions, and adhesives for construction applications. 3. Industrial: Adhesives for industrial applications, including woodworking, packaging, and textile manufacturing. 4. Automotive: Adhesives and sealants for automotive applications. Certifications and Compliance Pidilite Industries' products comply with various international standards and regulations, including: 1. ISO 9001:2015: Quality management system. 2. ISO 14001:2015: Environmental management system. 3. ISO 45001:2018: Occupational health and safety management system. Sources: ¹ Pidilite Industries - Official Website ² Pidilite Industries - Product Catalog ³ Pidilite Industries - Annual Reports

Pidilite Industries' turnover has seen significant growth over the years. As of FY23, the company's net sales stood at ₹11,799.1 crores, representing an 18.9% increase from the previous year ¹. Here's a breakdown of Pidilite Industries' financial performance: - Net Sales: ₹11,799.1 crores (FY23), up 18.9% from ₹9,921 crores (FY22) ¹ - Operating Profit: ₹1,991 crores (FY23), up 7.1% from ₹1,859.2 crores (FY22) ¹ - Net Profit: ₹1,288.9 crores (FY23), up 6.8% from ₹1,206.8 crores (FY22) ¹