Pidilite ventures to invest ₹3.75 crore in buildnext

Pidilite Ventures, a subsidiary of Pidilite Industries, will invest up to ₹3.75 crore in Buildnext Construction Solutions via compulsorily convertible preference shares, gaining up to a 34% stake. The move strengthens Pidilite’s presence in adjacent home design and project management services.

Pidilite Industries has announced a strategic investment through its wholly owned subsidiary, Pidilite Ventures Private Limited (PVPL), marking a deeper push into the home design and construction services ecosystem. PVPL will invest up to ₹3.75 crore in Buildnext Construction Solutions Private Limited by subscribing to compulsorily convertible preference shares (CCPS).

The investment, which will be made entirely in cash, is expected to be completed by February 2026. Upon conversion of these preference shares—along with the shares already held by PVPL—the subsidiary’s total holding in Buildnext will not exceed 34% of the company’s issued and paid-up share capital on a fully diluted basis.

The transaction is being executed at a mutually agreed pre-money enterprise valuation. However, the valuation details have not been disclosed due to confidentiality clauses. Pidilite clarified that the deal is not a related party transaction, and neither PVPL’s promoters nor its promoter group have any interest in Buildnext. The company also confirmed that no governmental or regulatory approvals are required to complete the investment.

Founded on October 16, 2015, Buildnext Construction Solutions operates in the home design and project management services segment. The company provides integrated solutions that bridge design planning and on-ground construction execution. Over the past three financial years, Buildnext has demonstrated steady growth in its operations.

Buildnext reported a turnover of ₹18.38 crore as of March 2025, up from ₹13.87 crore in March 2024 and ₹10.14 crore in March 2023. This consistent increase in revenue reflects rising demand in the organized home design and managed construction services space, an area that is gaining traction as consumers seek professionalized and technology-driven solutions.

For Pidilite, known for its strong presence in adhesives, sealants, and construction chemicals, the investment represents an expansion into an adjacency business that complements its core offerings. By partnering with a company involved in the design and project management side of construction, Pidilite can strengthen its engagement across the broader home improvement and building lifecycle.

The move also aligns with Pidilite’s strategy of supporting emerging businesses that operate within its extended value chain. By taking a minority but significant stake, Pidilite gains exposure to a fast-evolving segment without assuming full operational control, allowing for strategic collaboration and potential long-term synergies.

This investment follows Pidilite’s earlier communication dated October 28, 2024, indicating its intent to explore opportunities in complementary segments of the construction ecosystem. With this step, the company continues to diversify within the broader home and building solutions market, reinforcing its position not only as a materials leader but also as a stakeholder in integrated construction services.