Finolex Industries Limited has completed 45 years since its founding in 1981 by the late Shri Pralhad P. Chhabria, marking a key milestone in its journey as India’s first and only backward-integrated manufacturer of PVC pipes and fittings.
The company highlighted its early move into backward integration with the commissioning of a PVC resin plant in 1994, along with an open-sea cryogenic jetty, which helped establish a fully integrated manufacturing ecosystem.
Today, Finolex Industries reports revenues exceeding ₹4,000 crore and an installed production capacity of approximately half a million metric tonnes per annum. The company operates a wide distribution network of over 700 dealers and more than 35,000 retailers across India.
Commenting on the milestone, Mr. Prakash P. Chhabria, Executive Chairman, said:
“Over the years, we have navigated multiple industry cycles, each reinforcing the importance of discipline and a strong focus on fundamentals. Our approach has always been to build for the long term, anchored in quality and trust. On this milestone, I express my deep appreciation to our Finolex Parivar, vendors, suppliers, customers, institutional stakeholders, banking partners, shareholders, the Board of Directors, policymakers, and government institutions—all of whom have played an integral role in shaping our journey.”
Mr. Udipt Agarwal, Managing Director, added:
“In a sector closely linked to broader economic and commodity cycles, our priority remains to stay agile and measured. We will continue to align our decisions with market dynamics while maintaining a disciplined approach to growth.”