Silvin Additives Targets Rs 10 billion Turnover by 2030
Products

Silvin Additives Targets Rs 10 billion Turnover by 2030

Silvin Additives, a leading manufacturer of high-performance additives for the PVC and CPVC industries, has set a target of achieving Rs 10 billion (bn) in turnover by 2030. The company aims to drive growth through innovation, market expansion, and strategic investments.

Currently generating Rs 4 bn in revenue, Silvin holds a significant market share in the PVC and CPVC segments, with a 0.60 per cent global share in PVC pipes and 9 per cent in CPVC pipes and fittings. Domestically, it commands 5 per cent of the PVC pipes market and 22 per cent of the CPVC pipes and fittings segment. The company is now expanding into additives for OPVC pipes, reinforcing its leadership in the industry.

“Our strategic vision is to lead the market through continuous innovation and sustainable growth. By expanding our portfolio and strengthening our market presence, we are confident of reaching the Rs 1,000 crore turnover goal by 2030. We are committed to building on our strengths to further enhance our market share,” said Jagat Chokshi, Managing Director, Silvin Additives Pvt. Ltd.

Marking a key milestone in its expansion, the company recently inaugurated a new 12,000 sq. ft. corporate office on Thaltej-Shilaj Road, Ahmedabad. The facility, designed to accommodate over 100 employees, features modern amenities to support future growth.

The inauguration was led by Sandeep Engineer, CMD, Astral Limited and President, Gujarat Chamber of Commerce & Industry (GCCI), in the presence of Rajesh Gandhi, MD, Vadilal Industries and Vice President, GCCI.

“This new corporate office represents a crucial step in our strategic expansion. As we continue to enhance our capacity and venture into new market segments, this facility will enable us to improve operational efficiency, support our growing workforce, and create an environment that encourages innovation and collaboration,” Chokshi added.
Founded in 1984 as a medical-grade PVC compounds manufacturer, Silvin Additives operates a 9,300 sq. mt. manufacturing plant in Vadodara with an installed capacity of 30,000 tonnes per annum. With a presence across 25+ states in India and a strong international network spanning Australia, Brazil, South Africa, the Gulf, Kenya, Mexico, and Saudi Arabia, the company continues to expand its footprint.

Backed by an in-house R&D team, Silvin focuses on global-standard innovations, catering to industries such as plumbing, agriculture, conduit, Soil, Waste and Rainwater (SWR) pipe systems, and column/riser applications.

Silvin Additives, a leading manufacturer of high-performance additives for the PVC and CPVC industries, has set a target of achieving Rs 10 billion (bn) in turnover by 2030. The company aims to drive growth through innovation, market expansion, and strategic investments.Currently generating Rs 4 bn in revenue, Silvin holds a significant market share in the PVC and CPVC segments, with a 0.60 per cent global share in PVC pipes and 9 per cent in CPVC pipes and fittings. Domestically, it commands 5 per cent of the PVC pipes market and 22 per cent of the CPVC pipes and fittings segment. The company is now expanding into additives for OPVC pipes, reinforcing its leadership in the industry.“Our strategic vision is to lead the market through continuous innovation and sustainable growth. By expanding our portfolio and strengthening our market presence, we are confident of reaching the Rs 1,000 crore turnover goal by 2030. We are committed to building on our strengths to further enhance our market share,” said Jagat Chokshi, Managing Director, Silvin Additives Pvt. Ltd.Marking a key milestone in its expansion, the company recently inaugurated a new 12,000 sq. ft. corporate office on Thaltej-Shilaj Road, Ahmedabad. The facility, designed to accommodate over 100 employees, features modern amenities to support future growth.The inauguration was led by Sandeep Engineer, CMD, Astral Limited and President, Gujarat Chamber of Commerce & Industry (GCCI), in the presence of Rajesh Gandhi, MD, Vadilal Industries and Vice President, GCCI.“This new corporate office represents a crucial step in our strategic expansion. As we continue to enhance our capacity and venture into new market segments, this facility will enable us to improve operational efficiency, support our growing workforce, and create an environment that encourages innovation and collaboration,” Chokshi added.Founded in 1984 as a medical-grade PVC compounds manufacturer, Silvin Additives operates a 9,300 sq. mt. manufacturing plant in Vadodara with an installed capacity of 30,000 tonnes per annum. With a presence across 25+ states in India and a strong international network spanning Australia, Brazil, South Africa, the Gulf, Kenya, Mexico, and Saudi Arabia, the company continues to expand its footprint.Backed by an in-house R&D team, Silvin focuses on global-standard innovations, catering to industries such as plumbing, agriculture, conduit, Soil, Waste and Rainwater (SWR) pipe systems, and column/riser applications.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?