Pidilite exits Finemake, selling entire stake back to founders
What's the deal? Pidilite IndustriesDealroom has a profile for this one. Try Dealroom → is exiting Finemake TechnologiesDealroom has a profile for this one. Try Dealroom →, with its wholly owned subsidiary Pidilite VenturesDealroom has a profile for this one. Try Dealroom → agreeing to sell its entire stake back to FinemakeDealroom has a profile for this one. Try Dealroom →'s founders, Nallu Rajashekar and Sambasiva Rao Chowdary Chana. The consideration will be paid in cash at an undisclosed valuation. Finemake, currently an associate company of Pidilite VenturesDealroom has a profile for this one. Try Dealroom →, will cease to be one once the deal completes.
Why now? The transaction is expected to close on October 15, 2026. The buyers are the company's founders and do not belong to Pidilite's promoter group or group companies.
The numbers: For the year ended March 31, 2026, Finemake reported revenue of US$3.31M, contributing just 0.06% to Pidilite's consolidated revenue. Over the same period, it posted a loss after tax of US$1.06M and a negative net worth of US$839.3K.
What's the endgame? The divestment lets Pidilite shed a small, loss-making associate that added little to its top line. For the founders, buying back the stake returns full control of the business.
The signal: The exit reflects a broader tendency among large corporates to prune minority holdings that no longer fit strategically or drag on profitability, redirecting focus to core operations.
Read more: equitybulls.com
Image credit: Generated with Gemini
