History & Milestones



Late Shri. Balvant Parekh


Our founder, the late Balvant Parekh, established Pidilite Industries Limited in 1959 at a time when there was hardly any awareness or knowledge about synthetic adhesives in Indian markets.

We at Pidilite pride ourselves on keeping pace with and fulfilling the changing needs of our customers, ranging from small regional companies to multinationals across the world. It is this adherence to customer intimacy that has helped us build lasting bonds with the people we serve.

Today, five decades later, Pidilite is the largest manufacturer of adhesives in India, reputed for its top-quality consumer and specialty chemical products, many of which, including the Fevicol brand, are market leaders.

Our Milestones

Founded by Balvant Kalyanji Parekh

Madhukar B. Parekh, son of Balvant Parekh takes over as the new Chairman and M.D.

Listed on NSE; valued at INR 60 crores


Sales doubled to Rs 3,442 crore; net profit trebled to Rs 460 crore

Valued at INR 19,880 crores

Ranked among the best 100 brands of 2014 by Economic Times

Pidilite received the Dun & Bradstreet Corporate Award 2014 in the chemical sector

PIL Transitions from a professionally run family business to a family of professionals

Bharat Puri Appointed as Managing Director

M B Parekh, Executive Chairman, PIL, honored with the EY Entrepreneur of the Year Award in the Consumer Products category

Awarded ‘Most Promising Company of the Year’ at CNBC-TV18 IBLA 2016 by the Finance Minister & Law Minister of India