MAM
Pidilite acquires Huntsman Group’s India subsidiaries
MUMBAI: Pidilite has approved a definitive agreement with US-based Huntsman Group for acquiring 100 per cent stake in one of their subsidiaries in India – Huntsman Advanced Materials Solutions Private Ltd (HAMSPL) – for Rs 2,100 crores.
HAMSPL manufactures and sells adhesives, sealants and other products under Araldite, Araldite Karpenter and Arasealin India. In the calendar year 2019, its business revenue was approximately Rs 400 crores. In addition to the Indian sub-continent business, the acquisition includes a trademark license for Middle East, Africa and ASEAN countries.
Under the agreement, Huntsman will receive approximately 90 per cent of the cash consideration at closing and balance approximately 10 per cent under an earnout within 18 months if the business achieves sales revenue in-line with 2019. The transaction is expected to close by next week. HAMSPL has a nation-wide distribution network and a strong presence in retail trade.
Pidilite Industries Ltd executive director Apurva Parekh said, “Araldite is an iconic brand and a market leader in epoxy adhesives in India. We are thankful for all the support extended by the Huntsman group and we are confident that our association will remain strong going forward.”
Pidilite managing director Bharat Puri stated, “With this acquisition, Araldite will add to the already very strong portfolio of Pidilite’s adhesive and sealant brands and will complement our retail portfolio. We are confident that this acquisition will create significant shareholder value through strong revenue and cost synergies.”
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Orient Electric CHRO Aditya Kohli steps down
Senior HR leader exits CK Birla Group firm after brief tenure
GURUGRAM: Orient Electric announced the resignation of its chief human resources officer, Aditya Kohli, citing personal career reasons.
In a regulatory filing, the company said Kohli, who is also part of its senior management personnel, submitted his resignation on 24 February, 2026, after nearly four years with the company. His last working day will be 24 March, 2026, at the close of business hours.
Kohli brought more than two decades of experience across India and international markets, having previously worked with firms such as Hewitt Associates, Standard Chartered Bank, Bharti Airtel and Clix Capital.
During his tenure, Kohli was involved in areas spanning talent management, HR transformation, culture and change initiatives, and HR technology, according to earlier company disclosures.
The company said Kohli has resigned to pursue another professional opportunity outside the organisation. Further details related to the resignation, along with a copy of his resignation letter, have been shared as part of the statutory disclosures.
Orient Electric has not yet announced a successor or outlined interim arrangements for the role.
