Late Shri. Balvant Parekh

Late Shri. Balvant Parekh


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

We at PIL-IP 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 Industries Ltd. (PIL) is the largest manufacturer of adhesives in India reputed for its top-quality consumer and speciality chemical products, many of which, including the Fevicol brand, are market leaders.


  • 1959
    • Founded by
      Balvant Kalyanji Parekh
  • 1992
    • Madhukar B. Parekh, son of Balvant Parekh takes over as the new Chairman and M.D.
  • 1993
    • Listed on NSE;
      valued at INR 60 crores
  • 2010
    • Sales doubled to Rs 3,442 crore; net profit trebled to Rs 460 crore
  • 2014
    • 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
  • 2015
    • 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
  • 2016
    • Awarded ‘Most Promising Company of the Year’ at CNBC-TV18 IBLA 2016 by the Finance Minister & Law Minister of India