Finolex Industries – Darkhorsestocks

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Finolex Industries Limited (FIL) parts of Finolex Group an Indian conglomerate based in Pune, India is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions: PVC Resin & PVC Pipes and Fittings .

Incorporated in 1981 the Company offer a wide range of PVC pipes and fittings suitable for diverse applications in agriculture, housing, and telecommunication. They are having their manufacturing facilities Pune and Ratnagiri in Maharashtra and Masar in Gujarat. 

The company has a widespread presence throughout the country, with a wide network of over 18,000 retail outlets ably supported by more than 850 dealers and sub-dealers. The Company is engaged in business of manufacturing PVC pipes & fittings, manufacturing of PVC resin and power generation.

The Company is in the business of manufacturing of PVC resin and PVC pipes & fittings. 

PVC – engaged in producing and distributing PVC resin

Pipes and fittings – engaged in producing and distributing pipes and fittings required principally in the agriculture and construction industries .

Robust Distribution Network – It has an established wide distribution network of 900 dealers and 21,000+ retailers that cater to customers across the country.


PVC resin is the third largest polymer in terms of production and consumption. It is derived from the polymerisation of vinyl chloride and is custom-made for utilization as a common plastic material in the agriculture and construction sector. It is used in pipes and fittings, window frames and shutters, wires and cables, etc. It is also a preferred plastic material for application in flooring, films and sheets. Of the total resin production in India, approx. 73% is consumed by pipe manufacturers. With the increase in demand for pipes, the consumption of PVC resin is estimated to grow at a consistent rate. 

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Demand for PVC

The demand for PVC in India is projected to grow at a CAGR of 6.81% between CY 2019 and 2030 to reach 6,779 KTPA by 2030. A growing agriculture sector, infrastructure development, rapid industrialization, favourable government policies, rising urbanization and growing usage of PVC in flooring applications across private, commercial and industrial premises are expected to contribute to the growing demand for PVC resin.  FIL has a state-of-the-art resin manufacturing plant in Ratnagiri, spread across 650 acres.

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PVC pipes are commonly used for irrigation, building and construction, water supply and sewage management etc. Extremely durable, PVC pipes are easy to install, lightweight, strong and recyclable making them a cost-efficient and sustainable choice. The Indian PVC pipe market is categorised into chlorinated, plasticized and un-plasticized varieties. PVC pipes and fittings are also widely used for building and construction, irrigation, water supply and other purposes. The Company serves customers in agricultural and housing, construction and infrastructure sectors, through its network of over 22,000 direct and indirect retail outlets.


The demand for PVC pipes and fittings in India currently stands at 20 Lakh MT and is projected to grow at a CAGR of 14.7% between FY 2018-26. This growth is primarily driven by government investments in irrigation, housing and sanitation, through various government schemes.

Agricultural Pipes and Fittings

  • PVC-U Selfit Pipes – These pipes have a unique design with a plain end and a self-socketed end which enables a perfect fit without the use of couplers. Its strong solvent cement joint is durable, permanent and eliminates the inconvenience of loose couplers, making it economical and efficient.
  • PVC-U Ringfit Pipes – FIL is the first player in India to offer a unique range of PVC-U pipes that are specially designed for higher diameter requirements and which eliminate the need for solvent cement. The sealing ring ensures leak- proof joints and easy installation. The entire range consists of sizes ranging from 63 mm to 400 mm in diameter, with 4,6,8 and 10 kgf/cm2 working pressure. 
  • Casing Pipes – Casing pipes are manufactured using a unique PVC-U compound which makes them ideal for the transportation of hard, salty, sandy or chemically aggressive water. These pipes are also anti-corrosive, preventing the damage of pipes due to chemicals present in the soil. The pipes are easy to install and the threaded ends can be screwed to each other without the use of cement or adhesives. Moreover, the pipes are durable, maintenance-free & economical in comparison to conventional.
  • Column Pipes – Column pipes are uniquely designed and manufactured using state-of-the- art CNC machines. These pipes have a square threaded profile with an optimal load- holding capacity. The pipes are easy to install and have anti-abrasion and anti- • corrosion properties that ensure durability. Additionally, the smooth internal surface of the pipe reduces energy consumption due to friction-free water flow, increasing the life of the pump.
  • Solvent Cement – Solvent Cement is primarily used to join two or more pipes or fittings. FIL offers high quality Solvent Cement that is easy to apply and is environmentally friendly. The Company markets solvent cement for diverse applications ranging from agriculture and sanitation to plumbing.
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Finolex Group

Finolex Group is an Indian conglomerate company based in Pune, India . The Finolex Group comprises Finolex Cables Ltd., Finolex Industries Ltd., Finolex J-Power Systems Ltd. and Finolex Plasson Industries Ltd. The group was founded in 1958 by P. P. Chhabria and K. P. Chhabria.


It all started in 1945 by both the brothers,  when in search of livelihood a small shop selling electrical cables was set up which later became quite successful. Breakthrough happen when it received a sizeable order in the mid 1950’s from the Defence Department for wire harnesses for trucks and tanks. Upon receiving such huge order from the defence their confidence was boosted which lead them to take up manufacturing cables themselves by setting a small-scale industrial unit in 1956.

The name Finolex brand has been derived from “Fine” & “Flexibles” and “O” with an electric arc across it – signifying the electrical cable business the company was in. 

Finolex Industries Limited (FIL) was established in 1981. In the early nineties Finolex Group was seen expanding into new business domains to manufacture Optic Fibre Cables and Copper Rods.

Investment of Finolex Industries

Finolex Plasson Industries Private Ltd 
Shares Held by Finolex Industries – 46,35,000 Shares
Value of Shares – Rs 7.5 Crores

FINOLEX PLASSON INDUSTRIES PVT. LTD. (FPIPL – is a Joint Venture between Finolex Group – India ( and Plasson Ltd. – Israel ( 

Established in 1992 and based near Pune, FPIPL, an ISO 9001:2008 company, is today a leader in the field of Micro Irrigation in India. FPIPL offers a wide range of products and solutions in the field of precise irrigation and intensive agriculture cultivation. 

Its solutions include complete tailored Drip and Sprinkler Irrigation Systems and Turn-key projects for all Agriculture sectors such as Row Crops, Horticulture, Green Houses, Plantations, Orchards, Nurseries and more. 

FPIPL’s services include Survey, Planning and Design facilities for Drip, Mini & Micro Sprinklers, Foggers, Misters, Fertigation Equipments, HDPE Sprinkler Pipes, etc. for various field crops, horticulture crops, plantations, landscape, Greenhouse and Poly-house Irrigation systems, etc. Along with its advanced systems, FPIPL also provides comprehensive Agronomic Guidance and Knowledge Transfer Programs on Irrrigation, Fertigation and all parts of cultivation.

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FPIPL has successfully executed irrigation system over 7,50,000 acres area on various crops. The Company has over 500 qualified professionals, which include, Surveyors, Application Engineers, Agronomists, Soil Scientists, and Sales Engineers to meet the growing marketing requirement. FPIPL has a widespread network of over 1,200 distributors all over India for the sales & services of all products and projects. FPIPL is well-known for its quality products and quality services and is a truly leading micro irrigation, drip irrigation company in India.

Finolex Cables Ltd
Shares Held by Finolex Industries – 2,21,87,075 Shares
Value of Shares – Rs 887 Crores

Finolex Cables Ltd is India’s largest and leading manufacturer of electrical and telecommunication cables with a turnover in excess of  ₹26 Billion (about US$ 400 million). The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry. Since then, the Company has constantly endeavored to augment its product range to include PVC Insulated Industrial Cables , FR-LSH PVC Insulated Industrial Cables, PVC Insulated Single Core and Multicore Flexible Industrial Cables, Rodent Repellent Multicore Flexible Industrial Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables, Power and Control Cables, High Voltage Power Cables (Up to 33 kV), Polyethylene Insulated Jelly Filled Telephone Cables, Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables, Solar Cables and others.

Besides a wide variety of Wires & Cables, the Company is also manufacturing lighting products, electrical accessories, switchgear, fans and water heaters. 

The company has received the IS/ISO 9001 Quality Management Systems Certification across all product lines and plants. Also IS/ISO 14001 -Environmental Management Systems Certification has been accorded to its plants in Urse and Goa. Every cable is manufactured using bright annealed electrolytic grade copper – 99.97% pure manufactured in-house and is insulated with virgin grade PVC. That is formulated in-house. The company has received several honours such as Harvard Business School Association of India – Economic Times award for “corporate excellence”; IIM – LIC award for ‘marketing’ and the Engineering Export Promotion Council’s ‘export performance certificate’. The company was awarded the Export House status by the Directorate General of Foreign Trade.

Its plants produces Electrical & Telecommunication cables, LT & HT Power & Control Cables, Electrical Switches, Compact Fluorescent Lamps (CFL’s), PVC Sheets & Copper Rods.


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