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2025 ASI Top 20: Pidilite Industries Ltd.

Image courtesy of Bramantya W.J. / Creatas Video+ / Getty Images Plus.

Established in 1959, Pidilite Industries is a leading manufacturer of adhesives and sealants, and construction chemicals, craftsman products, DIY products, and polymer emulsions in India. Company brands include Fevicol, M-Seal, Fevikwik, Fevistik, and Dr. Fixit.

Pidilite operates with three main business segments: Consumer & Bazaar (81.2% of total net sales), Business to Business (18.4%), and Others (0.4%). The company’s consolidated net sales in its 2025 fiscal year (ended March 31, 2025) were Rs 13,094 (approximately $1.53 billion), representing an increase of 8% (excluding Pidilite USA and Pulvitec Brazil) over the prior fiscal year. The Business to Business segment and the Consumer & Bazaar segment both saw growth in the fiscal year 2025.

Adhesives and sealants products produced in the Consumer & Bazaar segment represented 53.2% of total net sales for the year, or approximately Rs 6,966 cr (~ $836 million). Pidilite also produces industrial sealants in the Business to Business segment. Sales here reached about Rs 667.7 cr (~ $80 million), or 5.1% of total sales.

With over 8,900 global employees, Pidilite operates manufacturing facilities in India, the U.S., Thailand, Dubai, Brazil, Egypt, Bangladesh, Sri Lanka, and Kenya. The company has three R&D centers (two in India and one in Singapore).

Opening image courtesy of Bramantya W.J. / Creatas Video+ / Getty Images Plus.