Pidilite Industries is the market-leader in adhesives in India. The company has created several successful brands over the years – the most famous of them all is Fevicol.
The man behind Pidilite is its founder, Balvant Parekh, who rose above poverty and went on to become one of the richest men in India.
Back in the 1950s, Balvant, a law graduate from a government law school in Mumbai, was never interested in practicing law. He went on to seek other opportunities that came his way.
Parekh worked as a peon in a wood trading factory. He and his wife lived in a small warehouse.
With bigger dreams, Parekh started his own venture with his business partner, Mohan. They started importing cycles, paper dyes, and areca nuts.
This brought about an improvement in his living. Soon, they shifted to a flat in Mumbai.
In 1954, Balvant joined a German firm ‘Hoechst’ as a co-owner. The invitation from the managing director allowed him to learn more about the chemical industry.
The demise of the director brought in a prospect of doing direct business in India. Meanwhile, he started increasing his stake in the company. This led to the introduction of a famous Adhesive (Glue) – ‘Fevicol’.
Today, Fevicol is a synonym for glue and Parekh went on to become “India’s Fevicol Man”.
Madhukar Parekh, son of Balvant Parekh, one of the top-ranker in IIT JEE Exams, sought his interest in Chemical Engineering. Later, Madhukar completed his master’s in Chemical Engineering at the University of Wisconsin (U.S.) and was placed in Abbott Laboratories.
This experience helped Madhukar. He quit his job and joined the family business in 1971 and soon took over the helm from his father.
It was his marketing genius which gave us those popular ‘Fevicol ads’.
Pidilite Industries has other popular brands:
- FeviKwik: This one drop instant adhesive was marketed brilliantly. The company claimed “Just One Drop Does The Job”
- Dr. Fixit: Another popular brand, this was a water-proofing solution.
- M-Seal: A multi-purpose sealant with 4 main applications – sealing, joining, fixing and building.
- Fevistik: Another market-leading product, Fevistik made sticking less messier with a rotary gluestick form.
- Fevicryl: Has several products under its brand – including acrylic colours used to paint on a variety of materials and much more.
- Hobby Ideas: A range of products that were very popular among the artists for all their decorative work.
- WD-40: Lubricant, Rust remover and Degreasing solution. This product helped ease out tools that were jammed due to rusting.
Pidilite Industries was listed on the Bombay Stock Exchange (BSE) In October 1993. The stock price has shown huge appreciation over years and is one of the biggest wealth creators in India – as the company has retained its market-leadership and constantly created new and revolutionary products.
Pidilite Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| 1995 | ₹ 3.78 | |
| 1996 | ₹ 3.76 | - 0.5% |
| 1997 | ₹ 4.25 | + 13.0% |
| 1998 | ₹ 6.35 | + 49.4% |
| 1999 | ₹ 17.00 | + 167.7% |
| 2000 | ₹ 12.25 | - 27.9% |
| 2001 | ₹ 8.50 | - 30.6% |
| 2002 | ₹ 11.47 | + 34.9% |
| 2003 | ₹ 18.85 | + 64.3% |
| 2004 | ₹ 18.84 | - 0.1% |
| 2005 | ₹ 40.83 | + 116.7% |
| 2006 | ₹ 61.05 | + 49.5% |
| 2007 | ₹ 97.28 | + 59.3% |
| 2008 | ₹ 53.73 | - 44.8% |
| 2009 | ₹ 97.70 | + 81.8% |
| 2010 | ₹ 151.65 | + 55.2% |
| 2011 | ₹ 143.65 | - 5.3% |
| 2012 | ₹ 216.85 | + 51.0% |
| 2013 | ₹ 286.30 | + 32.0% |
| 2014 | ₹ 542.55 | + 89.5% |
| 2015 | ₹ 553.50 | + 2.0% |
| 2016 | ₹ 590.10 | + 6.6% |
| 2017 | ₹ 902.55 | + 52.9% |
| 2018 | ₹ 1,107.45 | + 22.7% |
| 2019 | ₹ 1,387.05 | + 25.2% |
| 2020 | ₹ 1,765.95 | + 27.3% |
| 2021 | ₹ 2,462.65 | + 39.5% |
| 2022 | ₹ 2,550.65 | + 3.6% |
| 2023 | ₹ 2,710.05 | + 6.2% |
| 2024 | ₹ 2,967.45 | + 9.5% |
Pidilite Share Price Chart
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Pidilite Share Returns Calculator
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- During 1995, the share price of Pidilite Industries was ₹ 3.78.
- If you had bought shares worth ₹ 2500 in 1995, you would have 6614 shares today.
- At the end of 2024, the current value of your shares would be ₹ 19625992.
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