About HP Adhesives Limited

HP Adhesives Limited is a leading manufacturer of adhesives and sealants, serving a diverse range of applications across India and overseas markets. The company operates two adjacent manufacturing facilities in Village Narangi, Taluka Khalapur, near Khopoli in Raigad district, Maharashtra. These facilities provide a combined installed capacity of 16,800 MTPA and benefit from close proximity to JNPT, ensuring strong logistics support for exports.

Its product portfolio is extensive, covering CPVC, PVC and uPVC solvent cements; silicone and MS polymer sealants; PVA adhesives; epoxy putty; synthetic rubber adhesives; cyanoacrylates; epoxy adhesives; spray paints; and ancillary products such as ball valves, Teflon tapes and masking tapes. These products cater to industries such as construction, infrastructure, automotive, repair, and home improvement. The company markets solvent cements under the HP and StrongWeld brands, and sealants under the Strong Seal brand.

HP Adhesives has a wide distribution footprint, reaching 27 states and 5 Union Territories across India. Its export operations spanned 18 countries during FY 2024–25, serving nearly 1,700 customers. The company has a diversified distributor base of over 1,575 partners, enabling strong coverage across western, northern, southern, and eastern India.

The company traces its origins back to 1979 when its promoter founded Hindustan Plastics, which manufactured solvent cement. This later evolved into HP International. HP Adhesives Limited itself was incorporated on May 7, 2019, and its equity shares are listed on NSE and BSE. As of March 31, 2025, the company had one subsidiary.

Key milestones include the commissioning and scaling of its Raigad manufacturing hub, expansion of a pan-India distribution network, deepening of exports, and the introduction of new product categories such as epoxy adhesives and cyanoacrylates in FY 2024–25.

HP Adhesives Limited’s Business Segments

The company operates under a single integrated segment: adhesives, sealants, and allied products. Segmental revenue splits are not separately disclosed in the annual report.

HP Adhesives Limited’s Key Management

• Ms. Anjana Haresh Motwani – Executive Director & Chairperson

• Mr. Karan Haresh Motwani – Managing Director

• Ms. Nidhi Haresh Motwani – Executive Director

• Mr. Mihir Suresh Shah – Chief Financial Officer

• Ms. Jyoti Nikunj Chawda – Company Secretary & Compliance Officer

Latest Updates on HP Adhesives Limited

• Revenue Growth: Achieved its highest-ever revenue in FY 2024–25, supported by product diversification, wider market penetration, and an expanded distribution network.

• Product Innovation: Entered new categories such as epoxy adhesives and cyanoacrylates, strengthening applications in construction repair, home improvement, and maintenance.

• Distribution Expansion: Grew its distributor network to over 1,575 partners, ensuring coverage across all major regions of India.

• Subsidiary Addition: Incorporated a new subsidiary in April 2024, which became wholly owned by July 2024, providing enhanced flexibility and focus in targeted product segments and distribution.

• Operational Scaling: Continued to optimise manufacturing and supply chain operations, with new depots to strengthen domestic reach and international sales.