About Domestic JV & Subsidiaries

ICA

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.

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CIPY

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.

BESI

BESI

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 & Vizag.

Grupo Puma

Grupo Puma

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.

Tenax

Tenax

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 - Percept

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.

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Jowat SE

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.

Litokol

Litokol

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.

Araldite

Araldite

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.