Docstoc

PIDILITE INDUSTRIES LIMITED_1_

Document Sample
PIDILITE INDUSTRIES LIMITED_1_ Powered By Docstoc
					PIDILITE INDUSTRIES LIMITED                                                                                    D&B D-U-N-S® No 91-535-7321

                                                                                                                    Company Ranking
                                                                                                                             Net           Net
                                                                                                            Income
Pidilite manufactures adhesive products and industrial specialty chemicals                                                  Profit         Worth
                                                                                                              257           207            256
History                                               and Mahad in Maharashtra and Vapi in               Company Details
    Pidilite Industries Ltd (Pidilite), established   Gujarat. In 2005, branded consumer and bazaar      Registered office
as a partnership firm by the Parekh family,            products contributed to 73% of total sales and     7th floor, Regent Chambers
                                                      specialty industrial chemicals contributed to      Jamnalal Bajaj Marg
commissioned a plant for Acron brand of
                                                      the rest. Its exports grew 44.6% y-o-y. In 2005,   208, Nariman Point
pigment emulsion in 1959. Pidilite was acquired                                                          Mumbai - 400021
by Parekh Dyechem Industries Pvt Ltd in 1969          Pidilite acquired the Roff brand of construction
                                                                                                         Maharashtra
and was renamed PDI Chemicals Pvt Ltd                 chemicals. The company launched Torchshield,
                                                      a waterproofing membrane and Dampguard,             Chairperson
in 1986. The company went public in 1988,                                                                B K Parekh
acquired its present name in 1990 and made an         a damp-proof coating. In 2005, Pidilite set up
                                                                                                         Managing Director
IPO in 1993. Pidilite acquired the M-Seal and         three wholly owned overseas subsidiaries in        M B Parekh
Mr Fixit brands from Mahindra Engineering             Brazil, UAE and Singapore.
                                                                                                         Directors
& Chemical Products Ltd in 2000. It launched                                                             S K Parekh, N K Parekh, H K Parekh,
the Dr Fixit range of construction chemicals in       The Year in Review                                 R M Gandhi, N J Jhaveri, B S Mehta,
2001. It acquired Steelgrip in 2002.                      For the year to Mar 31, 2005, total income     R Kapur, Y Mahajan, A B Parekh,
                                                      increased to Rs 7.8 bn, up 17.6% over the          A N Parekh, A Roy
Operations                                            previous year’s figure. Net profit increased         Company Secretary
                                                                                                         P C Patel
    Pidilite’s product range includes adhesives       24.7% to Rs 765.8 mn.
                                                                                                         Bankers
& sealants, construction & paint chemicals,                                                              IOB, CorpnBank, ICICI Bank
art materials, industrial resins & adhesives              As per unaudited results for the nine months
                                                                                                         Auditors
and organic pigments & preparations.                  ended Dec 31, 2005, the company recorded           Haribhakti & Co
The company’s brands include Fevicol,                 an income of Rs 7.1 bn and a net profit of
Steelgrip, Acron, Dr Fixit, Fevitite, M-Seal,         Rs 767.1 mn as compared with an income of
Fevicryl Hobby Ideas, M-Seal Plumber and              Rs 6.1 bn and a net profit of Rs 587.8 mn in the
M-Seal Instant. Pidilite has plants at Mumbai         corresponding period previous year.

				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:26
posted:3/31/2012
language:
pages:1