Silvin Additives Targets Rs 10 billion Turnover by 2030

20 Mar 2025 CW Team

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.

Equipment

12 May 2026

ICEMA Reports Resilient CE Industry Amid Export Surge

India’s construction equipment (CE) industry reported a marginal decline of around 2 per cent in total equipment sales during FY2025–26, with overall sales falling to 136,995 units from 140,191 units in FY25. However, exports registered strong growth of 31.5 per cent, reinforcing India’s position as the world’s third-largest construction equipment market.According to ICEMA, domestic demand declined by around 7 per cent across most equipment categories due to slower infrastructure execution, project delays, land acquisition challenges and slower disbursement cycles. ICEMA said the secto..

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Infrastructure Urban

11 May 2026

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..