Silvin Additives, a manufacturer of high-performance additives for the PVC and CPVC industries, has set an ambitious goal of reaching ₹1,000 crore in turnover by 2030. The company aims to achieve this through continuous innovation, market expansion, and strategic investments.
Currently generating ₹400 crore in revenue, Silvin Additives holds a significant share in both domestic and global markets. It commands a 0.60% global market share in PVC pipes and a 9% share in CPVC pipes and fittings.
In India, the company controls 5% of the PVC pipes market and 22% of the CPVC pipes and fittings segment. To strengthen its leadership position, it is now expanding its product portfolio to include additives for OPVC pipes.
Leadership Vision for Sustainable Growth
Jagat Chokshi, Managing Director of Silvin Additives Pvt. Ltd. stated, “Our 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 ₹1000 crore turnover goal by 2030. We commit to building on our strengths to further enhance our market share”.
New Corporate Office Marks a Major Milestone
In a significant step towards expansion, Silvin Additives recently inaugurated a new corporate office on Thaltej-Shilaj Road, Ahmedabad. Spanning 12,000 sq. ft., the modern facility accommodates over 100 employees and is designed to support the company’s rapid growth.
The inauguration ceremony was attended by industry leaders, including Sandeep Engineer, CMD of Astral Limited and President of the Gujarat Chamber of Commerce and Industry (GCCI), along with Rajesh Gandhi, MD of Vadilal Industries and Vice President of GCCI. The investment reflects Silvin Additives’ commitment to scaling up operations and enhancing its resources for future success.
Enhancing Operational Efficiency and Innovation
Chokshi highlighted, “The corporate office is a crucial step in our strategic growth. As we increase capacity and enter new market segments, this space will enhance operational efficiency. It will also support our growing workforce and foster an environment that promotes innovation and collaboration”.
A Legacy of Excellence in PVC and CPVC Additives
Founded in 1984 as a manufacturer of medical-grade PVC compounds, Silvin Additives operates a 9,300 sq. mt. manufacturing plant in Vadodara, with an installed capacity of 30,000 tons per annum.
With a strong presence across 25+ Indian states, Silvin Additives has also built a robust international footprint. Its operations extend to Australia, Brazil, South Africa, the Gulf, Kenya, Mexico, Saudi Arabia, and several other countries.
Commitment to R&D and Global-Standard Innovations
Silvin Additives continuously integrates cutting-edge innovations into its processes, backed by a strong in-house R&D team. Its products serve diverse industries, including plumbing, agriculture, conduit, soil, waste, and rainwater (SWR) pipe systems, and column/riser applications. The strong market presence reinforces its position as a key player in the global additives industry.
As per the press release, with a clear vision, strategic investments and a focus on innovation. Silvin Additives is well on track to achieving its ₹1,000 crore revenue target by 2030.
