Our joint ventures and subsidiaries ensure that Pidilite continues to remain a leading player in most of our categories in over 100 countries.
ICA, an Italian leading manufacturer of high-end wood finishes, formed a 50-50 JV with Pidilite, with
the aim of manufacturing and distributing wood finish products and accessories. ICA’s technological
expertise combined with Pidilite’s sales and marketing would offer the best-quality wood finishes.
Pidilite along with Fevicol Company Ltd. (wholly owned subsidiary of the Company) jointly acquired
70% Stake in equity shares of CIPY Poly Urethanes Pvt. Ltd (‘CIPY’) is engaged in the
business of manufacturing and selling of floor coatings using polyurethanes, epoxies, polyurea and
polyaspartic polymers. This acquisition will help to participate in the growth of the resin flooring
and floor coatings market.
Building Envelope Systems India (BESI) is a subsidiary of Pidilite, specializing in polyurethane foam
and self-adhesive membranes for waterproofing. They have two manufacturing units in India in Kochi
Pidilite has formed a 50:50 JV with Corporacion Empresarial Grupo Puma S.L. (Grupo Puma). Grupo Puma
is a leading technical mortars manufacturer based in Spain. The JV company, set up in India, deals in
comprehensive array of technical mortars for wide applications ranging from flooring, wall plasters,
textured wall plasters, decorative plasters and insulation.
Pidilite controls 70% stake in Tenax India, which is engaged in the business of providing a comprehensive array of products which includes adhesives, coating, surface treatment chemicals and abrasives for marble, granite and stone Industry, under the brand name ‘Tenax’. The balance 30% of Tenax India is held by Tenax S.p.A, Italy.
Nina Waterproofing Systems Pvt. Ltd. & Percept Waterproofing Services Ltd. merged to form Nina
Percept Private Limited, which is today, arguably by far the largest Specialized Waterproofing and
Building envelope protection turnkey solutions company in India.
Pidilite has entered into collaboration with Jowat SE, a German enterprise and one
of the leading suppliers of industrial adhesives worldwide. As part of the collaboration, Pidilite
will now exclusively handle sales and distribution of the entire range of Jowat adhesives in India and
other neighboring countries including Sri Lanka, Bangladesh, and Nepal.
Pidilite has formed a 60:40 JV with Litokol S.p.A, an Italian company which is a leading tile
adhesives and epoxy grout manufacturer. The JV company, set up in India, is engaged in a wide spectrum
of products ranging from epoxy, urethane grout and certain epoxy adhesives for tile application.
Pidilite acquired a 100% stake in Huntsman Advanced Materials Solutions Private Ltd. (HAMSPL) in November 2020. HAMSPL is a manufacturer and seller of Adhesives, Sealants, and other products under well-known brands such as Araldite, Araldite Karpenter, and Araseal in India. This acquisition complements the already very strong retail portfolio of Pidilite’s adhesive and sealants brands.