Silvin Additives Targets Rs 10 Billion Turnover by 2030

25 Mar 2025 CW Team

Currently generating Rs 4 billion in revenue, Silvin Additives holds a 0.60 per cent global market 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 OPVC pipe additives to strengthen its industry position.

Jagat Chokshi, Managing Director of Silvin Additives, said, “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.”

As part of its expansion, Silvin Additives has inaugurated a 12,000 sq ft corporate office in Ahmedabad. The new facility, which can accommodate over 100 employees, features a Ground + 5-floor infrastructure and two-level basement parking. The office was inaugurated by Sandeep Engineer, CMD of Astral Limited and President of GCCI, along with Rajesh Gandhi, MD of Vadilal Industries and Vice President of 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,” said Chokshi.

Founded in 1984 as a medical-grade PVC compound manufacturer, Silvin Additives operates a 9,300 sq.mt plant in Vadodara with a 30,000-tonne annual production capacity. With a presence across 25 states and international markets including Australia, Brazil, South Africa, the Gulf, Kenya, Mexico, and Saudi Arabia, the company continues to integrate global-standard innovations to expand its industry footprint.

Silvin Additives, a key player in high-performance additives for PVC and CPVC industries, aims to achieve a Rs 10 billion turnover by 2030 through innovation, market expansion, and strategic investments.Currently generating Rs 4 billion in revenue, Silvin Additives holds a 0.60 per cent global market 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 OPVC pipe additives to strengthen its industry position.Jagat Chokshi, Managing Director of Silvin Additives, said, “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.”As part of its expansion, Silvin Additives has inaugurated a 12,000 sq ft corporate office in Ahmedabad. The new facility, which can accommodate over 100 employees, features a Ground + 5-floor infrastructure and two-level basement parking. The office was inaugurated by Sandeep Engineer, CMD of Astral Limited and President of GCCI, along with Rajesh Gandhi, MD of Vadilal Industries and Vice President of 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,” said Chokshi.Founded in 1984 as a medical-grade PVC compound manufacturer, Silvin Additives operates a 9,300 sq.mt plant in Vadodara with a 30,000-tonne annual production capacity. With a presence across 25 states and international markets including Australia, Brazil, South Africa, the Gulf, Kenya, Mexico, and Saudi Arabia, the company continues to integrate global-standard innovations to expand its industry footprint.

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