Silvin Additives Targets Rs 10 billion Turnover by 2030
20 Mar 2025
2 Min Read
CW Team
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.
鈥淥ur 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,鈥� 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.
鈥淭his 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,鈥� 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.鈥淥ur 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,鈥� 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.鈥淭his 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,鈥� 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.
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