By: ICN Bureau
Last updated : March 19, 2025 1:15 pm
The company recently inaugurated a new corporate office on Thaltej-Shilaj Road, Ahmedabad
Silvin Additives, a leading manufacturer of high-performance additives for the PVC and CPVC industries, aims to achieve a turnover of Rs. 1,000 crore by 2030 driven by innovation, market expansion, and strategic investments.
With current revenue of Rs. 400 crore, Silvin Additives has a significant market share in the PVC and CPVC segments, with a global market share of 0.60% in PVC pipes and 9% in CPVC pipes and fittings.
Domestically, it has a 5% share of the PVC pipes market and 22% of the CPVC pipes and fittings segment. The company is now expanding its product portfolio to include additives for OPVC pipes, reinforcing its position as an industry leader in the PVC, CPVC and OPVC additives market.
Jagat Chokshi, Managing Director of Silvin Additives, said “Our 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. 1000 crore turnover goal by 2030. We are committed to building on our strengths to further enhance our market share.”
The company recently inaugurated a new corporate office on Thaltej-Shilaj Road, Ahmedabad. Spanning 12,000 sq ft, the new office can accommodate more than 100 employees and is equipped with all modern amenities to support the company’s continued growth.
Chokshi said, “This 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.”
Silvin Additives began as a medical-grade PVC compounds manufacturer in 1984. It runs a 9,300 sq.mt manufacturing plant in Vadodara with an installed capacity of 30,000 tonnes per annum.