About Finolex Industries Limited

Finolex Industries Limited was incorporated in 1981 and is part of the Finolex Group, whose origins trace back to 1958 under the late Shri Pralhad P. Chhabria  . The Company manufactures PVC pipes and fittings as well as PVC resin, supported by backward integration that underpins product quality and supply reliability. Its portfolio spans plumbing and sanitation pipes and fittings, agricultural PVC-U pipes and fittings, casing pipes, column pipes, and allied products such as solvent cement and lubricants . Operations are anchored by four manufacturing facilities in Maharashtra and Gujarat—Ratnagiri, Urse (Pune), Masar (Vadodara) and Badhalwadi (near Talegaon)—and a nationwide distribution network with 8 branch offices and 38,000+ retailers.

The Company serves customers across India, with markets in 25 states (PAN India, except Mizoram, Manipur and Sikkim), and reported Nil exports for the year ended March 31, 2025 . As of March 31, 2025, Finolex Industries had 0 subsidiaries and two associate companies, consolidating the associates in its financial statements .

Key milestones in FY25 included expanding annual production capacity for pipes and fittings to 4,95,000 MT and maintaining a PVC resin capacity of 2,72,000 MT . The Company also introduced more than 50 new fittings SKUs and significantly amplified brand presence through targeted campaigns, IPL placements, and collaborations on digital and regional platforms . Sales volume of PVC pipes and fittings grew 3.4% to 3.48 Lakh MT during the year, despite a subdued demand environment .

Finolex Industries Limited’s Business Segments

• Segment/vertical mix: Manufacturing of PVC pipes and fittings accounted for 99% of the Company’s turnover in FY25.
• Geography mix: Exports contribution was Nil; the business is fully domestic (PAN India) as of March 31, 2025.

Finolex Industries Limited Key Management

• Prakash P. Chhabria – Executive Chairman
• Saurabh S. Dhanorkar – Managing Director
• Saumya Chakrabarti – Director – Technical
• Chandan Verma – Chief Financial Officer
• Dakshinamurthy Iyer – Company Secretary

Latest Updates on Finolex Industries Limited 

• Capacity and portfolio: Pipes and fittings capacity scaled up to 4,95,000 MT; the Company continues to operate with a robust PVC resin capacity of 2,72,000 MT 
• Product launches: More than 50 new fittings SKUs were launched to better address evolving customer needs across applications.
• Brand and marketing: Strengthened brand presence via on-air and digital campaigns, strategic IPL placements, OTT partnerships, and regional influencer tie-ups.
• Operating performance: PVC pipes and fittings sales volume rose 3.4% to 3.48 Lakh MT in FY25.
• Credit ratings: Maintained CRISIL A1+/IND A1+ (short-term) and CRISIL AA+/Stable / IND AA+/Stable (long-term); no revision during the year.
• Strategic real estate development: A partial transfer of leasehold rights of the Company’s Chinchwad land contributed to improved profitability in FY25.