What we do Finolex Industries Ltd is India's largest backward integrated manufacturer of PVC pipes and fittings serving agriculture, plumbing, and sanitation sectors with state-of-the-art plants in Maharashtra and Gujarat. |
Founded in 1,981 |
Market share Largest PVC pipes and fittings manufacturer in India with over 3,70,000 MTPA capacity and strong brand presence. |
Problem solved Providing durable, high-quality PVC piping solutions for water distribution, sanitation, and irrigation challenges in India. |
Top clients or who we serve Primarily B2B and B2C serving agriculture, plumbing, construction, and infrastructure sectors across India. |
Key management Mr. Saurabh Dhanorkar (Managing Director until Oct 2025), Mr. Udipt Agarwal (Managing Director from Nov 2025). |
Our journey and innovations Since 1981, expanded PVC capacity from 65,000 MT to 495,000 MT; pioneered backward integration with large PVC resin production; partnered with Lubrizol for CPVC pipes. |
Where we operate Manufacturing plants in Maharashtra and Gujarat; markets across India with strong distribution network. |
Top products or what we offer PVC pipes, fittings, CPVC pipes (Finolex FlowGuard Plus) catering to agriculture, plumbing, and construction industries. |
Top brands Finolex Pipes - Market leader in PVC piping; Finolex FlowGuard Plus - CPVC brand for building industry; known for quality and durability. |
Raw materials needed PVC resin, EDC (ethylene dichloride), VCM (vinyl chloride monomer) for pipe and fittings manufacturing. |
Raw materials supplier Backward integrated with own resin manufacturing; sources from specialized chemical suppliers for raw materials. |
Recurring vs cyclical contribution Revenue largely recurring through steady demand in agriculture and construction, though influenced by economic cycles. |
Our industry position Market leader with dominant share in PVC pipes and fittings, recognized for quality and innovation. |
Financial highlights FY25 Revenue ₹4,142 Cr, PAT ₹800 Cr; steady volume growth with capacity expansion; EBITDA improved despite price pressures. |
Geographical revenue split Primarily India domestic market revenue with manufacturing in Maharashtra and Gujarat. |
Order book - |
Whats driving growth Capacity expansions, backward integration, partnerships to offer CPVC pipes, and growing demand in agriculture and infrastructure sectors. |
Our future plans Capex in capacity enhancement, launching new facilities like the Talegaon fittings plant, and expanding product portfolio. |
Our green promise Focus on sustainable manufacturing, water conservation projects, and CSR activities promoting environment and social welfare. |
Our people and values Strong governance, skilled workforce, commitment to CSR, diversity, and ethical business practices. |
Key challenges ahead Market volatility, raw material price fluctuations, and competitive pressures from domestic and international players. |
Interesting facts Only backward integrated PVC pipes manufacturer in India; significant CSR outreach impacting over 3 lakh beneficiaries. |
Risks and strategy Mitigates raw material and market risks through backward integration, quality focus, strategic partnerships, and diversification. |
