Finolex Pipes

Pune, India Founded: 1981 • Age: 45 yrs Listed Fortune India 500 · #484
Manufacturer of PVC pipes and fittings for plumbing and agriculture
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About Finolex Pipes

Finolex Pipes is a publicly listed company based in Pune (India) founded in 1981. Manufacturer of PVC pipes and fittings for plumbing and agriculture. The company has 4,410 employees. Its website finolexpipes.com draws about 44 thousand monthly visits. Its Indian entity Finolex Industries Limited reported revenue of ₹4,367 Cr. Finolex Pipes offers products and services including PVC Pipes and Plumbing Fittings.

Company details

Finolex Pipes was founded in 1981 and is headquartered in Pune, India. PVC pipes and fittings are produced for plumbing, sanitation systems, and agricultural irrigation. Quality control is maintained across the value chain, from raw material sourcing to product delivery. A diverse portfolio of pipe types and sizes is offered to address various needs. Distribution occurs through a network of dealers and retailers.

Finolex Pipes is ranked #484 on the Fortune India 500 (2025).

Recognitions & Rankings of Finolex Pipes

Fortune India 500 2025 edition
Rank#484
Total income
₹4,820 Cr
Profit
₹800 Cr
Last year #459
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#327
Valuation
₹17,130 Cr
2023 #312 2022 #377 2021 #255
  • Headquarters Pune, India
  • Employees 4,410
  • Stage Public
  • Website category Heavy Industry and Engineering · Chemical Industry
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website finolexpipes.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Finolex Industries Limited
Key Metrics
  • Market Cap
    ₹8,510 Cr

    FINPIPE · NSE

  • Share Price
    ₹142.41

    +3.83% today

  • Revenue
    ₹4,113 Cr

    FY 2025-26 · -0.7% YoY

  • EBITDA
    ₹679 Cr

    Margin 16.5%

  • Net Profit
    ₹527 Cr

    FY 2025-26 · +190.9% YoY

  • P/E (TTM)
    14.2x

    P/B 1.4x

  • ROE
    9.7%

    ROCE 12.6%

  • Debt / Equity
    0.06

    Interest cover 3.6x

  • Employee Count
    4,410

Products & Services of Finolex Pipes

Finolex Pipes offers a comprehensive portfolio of products and services, including PVC Pipes and Plumbing Fittings.

PVC Pipes
Pipes and Fittings

PVC pipes are manufactured for agriculture and irrigation purposes, ensuring durability and reliability in water supply systems

Plumbing Fittings
Pipes and Fittings

Plumbing fittings are produced for sanitation and water management, providing leak-free and hygienic solutions in domestic and industrial settings

Apps and channels of Finolex Pipes

its YouTube channel Finolex Pipes And Fittings has 28.8K subscribers and 30 videos.

Finolex Pipes And Fittings
YouTube 28.8K subscribers 30 videos Science & Technology
Open channel

Videos from Finolex Pipes

The most watched videos on Finolex Pipes's YouTube channel, Finolex Pipes And Fittings (28.8K subscribers). Click a video to play it here.

Diwali 2024 | Finolex Pipes & Fittings
17.9M views
Finolex Pipes & Fittings Dussehra Celebration Event 2025
7M views
Compassion & Faith: Walking with Devotees at MahaKumbh Mela
6.6M views
Together in Devotion | Pandharpur Wari 2025 - Finolex Pipes & Fittings
2.8M views

More on Finolex Pipes And Fittings.

Board of directors of Finolex Industries Limited (Finolex Pipes)

Finolex Industries Limited is the primary company behind Finolex Pipes. The board of Finolex Industries Limited currently have 10 directors; the longest-serving is Prakash Pralhad Chhabria, appointed in 1992. 36 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Prakash Pralhad Chhabria
DIN 00016017
Whole-time director13 Mar 199234 yrs 7 moFinolex Industries Limited
Ritu Prakash Chhabria
DIN 00062144
Director21 Mar 201511 yrs 7 moFinolex Industries Limited
Kanchan Uday Chitale
DIN 00007267
Director01 Apr 20197 yrs 7 moFinolex Industries Limited
Aditya Sapru
DIN 00501437
Director19 Sep 20242 yrs 1 moFinolex Industries Limited
Debabrata Sarkar
DIN 02502618
Director19 Sep 20242 yrs 1 moFinolex Industries Limited
Munesh Narinder Khanna
DIN 00202521
Director19 Sep 20242 yrs 1 moFinolex Industries Limited
Vijay Nautamlal Bhatt
DIN 00751001
Director19 Sep 20242 yrs 1 moFinolex Industries Limited
Pradeep Udhas
DIN 02207112
Director30 Sep 20242 yrs 1 moFinolex Industries Limited
Rambabu Sanka
DIN 11218997
Whole-time director02 Aug 20251 yr 3 moFinolex Industries Limited
Udipt Agarwal
DIN 11219144
Managing Director05 Sep 20251 yr 1 moFinolex Industries Limited

People of Finolex Pipes

14 people are tracked at Finolex Pipes (6 in leadership, 8 in team); the tracked headcount is 4,410.

NameRoleGroup
Ajit Venkataraman
Managing DirectorLeadership
Dhruvi Patel
Digital Transformation Manager (ceo's Office)Leadership
Mrs. Sarita Tripathi
Chief Human Resources OfficerLeadership
Nandkishor Shimpi
Plant HR HeadLeadership
Kalpesh Parmar
Plant Head HR & AdminLeadership
Saurabh Kate
Plant HR HeadLeadership
Siddhesh Salvi
Senior Electrical EngineerTeam
Mahadev Padule
Senior QA EngineerTeam
Ketan Desai
DGM ( Factory , Engineering & Project )Team
Amey Salvi
Process EngineerTeam
Shubham Garg
Management TraineeTeam
Yogesh Sable
Manager Plant LogisticsTeam
Nayan Rana
Deputy Manager - EHSTeam
Nilesh Marathe
Deputy Manager- HSEFTeam
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Complete people profiles for Finolex Pipes

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IPO & Listings of Finolex Pipes

Finolex Pipes is a publicly listed company on the NSE with ticker symbol FINPIPE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Feb 1995
  • Listed onNSE: FINPIPE
  • Listed entityFinolex Industries Limited
  • Exchange sectorProducer manufacturing
  • ISININE183A01024
  • Share price₹151.60 (+0.17% on the day) · 2026-10-14
  • Market capitalisation₹9,394 Cr
  • Price to earnings15.2
  • EPS (diluted, trailing year)₹9.95
  • Dividend yield1.32%
  • Volume (last session)264,148

Financials of Finolex Pipes

Exchange-reported figures of Finolex Industries Limited, the listed company behind Finolex Pipes (NSE: FINPIPE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,113 Cr
-0.7% YoY
EBITDA
₹679 Cr
+42.7% YoY
Profit After Tax
₹527 Cr
+190.9% YoY
Net Worth
₹6,215 Cr
+1.9% YoY
Total Assets
₹6,708 Cr
+4.9% YoY
Total Debt
₹446 Cr
+88.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,1134,1424,3174,3974,6473,4622,985
Revenue growth-0.7%-4.1%-1.8%-5.4%+34.2%+16.0%-
EBITDA6794765852931,022989447
EBITDA margin+16.5%+11.5%+13.6%+6.7%+22.0%+28.6%+15.0%
Profit before tax8051,0436513211,383992418
Net profit527181429226757738333
Net profit margin+12.8%+4.4%+9.9%+5.2%+16.3%+21.3%+11.2%
EPS (₹)9.6912.947.664.0516.9411.8926.80
Balance sheet
Total assets6,7086,3926,1055,5284,2893,4222,347
Net worth6,2156,0975,6344,9033,9283,1391,986
Total debt446237394541278204283
Cash & bank60.3012531.6561.3481.0433693.21
Net working capital860581575512573750691
Cash flow
Cash from operations192383353308622941106
Cash from investing(156)8.34(82.97)(294)(440)(877)49.13
Cash from financing(49.09)(349)(277)(28.94)(190)(90.30)(105)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8841,3148988591,0431,1721,001828
Revenue growth (YoY)-15.3%+12.1%-10.4%+3.7%-8.5%---
Other income75.5752.9563.4067.6769.4985.0065.6984.59
EBITDA10733212313093.5917183.4310.57
EBITDA margin+12.1%+25.3%+13.7%+15.2%+9.0%+14.6%+8.3%+1.3%
Depreciation27.4726.2126.4927.4426.6126.8927.3126.43
Interest6.877.753.024.305.516.1810.016.80
Profit before tax14835115716613122311261.93
Tax33.2889.7640.8942.5432.8058.6217.7821.26
Net profit11526111612498.1616594.0240.67
EPS (₹)1.854.231.882.001.592.661.520.66
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,1134,1424,3174,3974,6473,4622,985
Revenue growth-0.7%-4.1%-1.8%-5.4%+34.2%+16.0%-
EBITDA6794765852931,024989447
EBITDA margin+16.5%+11.5%+13.6%+6.7%+22.0%+28.6%+15.0%
Profit before tax7651,0056132971,385977393
Net profit509163410212759723318
Net profit margin+12.4%+3.9%+9.5%+4.8%+16.3%+20.9%+10.7%
EPS (₹)9.3912.587.363.8316.9811.7326.12
Balance sheet
Total assets6,5706,2746,0095,4504,2243,3562,291
Net worth6,0775,9785,5384,8253,8643,0731,930
Total debt446237394541278204283
Cash & bank60.3012531.6561.3481.0433693.21
Net working capital860581575512573750691
Cash flow
Cash from operations192383353308622941106
Cash from investing(156)8.34(82.97)(294)(440)(877)49.13
Cash from financing(49.09)(349)(277)(28.94)(190)(90.30)(105)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8841,3148988591,0431,1721,001828
Revenue growth (YoY)-15.3%+12.1%-10.4%+3.7%-8.5%---
Other income75.3336.4452.4959.6064.6864.5748.4284.24
Total expenses7779827757299501,001918818
EBITDA10733212313093.5917183.4310.57
EBITDA margin+12.1%+25.3%+13.7%+15.2%+9.0%+14.6%+8.3%+1.3%
Depreciation27.4726.2126.4927.4426.6126.8927.3126.43
Interest6.877.753.024.305.516.1810.016.80
Profit before tax14833414615812620394.5361.58
Tax40.1580.2836.0738.8329.2252.5123.5710.14

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8841,3148988591,0431,1721,001828
Revenue growth (YoY)-15.3%+12.1%-10.4%+3.7%-8.5%---
Other income75.5752.9563.4067.6769.4985.0065.6984.59
EBITDA10733212313093.5917183.4310.57
EBITDA margin+12.1%+25.3%+13.7%+15.2%+9.0%+14.6%+8.3%+1.3%
Depreciation27.4726.2126.4927.4426.6126.8927.3126.43
Interest6.877.753.024.305.516.1810.016.80
Profit before tax14835115716613122311261.93
Tax33.2889.7640.8942.5432.8058.6217.7821.26
Net profit11526111612498.1616594.0240.67
EPS (₹)1.854.231.882.001.592.661.520.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,1134,1424,3174,3974,6473,4622,985
Revenue growth-0.7%-4.1%-1.8%-5.4%+34.2%+16.0%-
Other income25470421814545887.7455.47
Total expenses3,4353,6663,7334,1053,6252,4732,537
Employee cost243222211190191167146
EBITDA6794765852931,022989447
EBITDA margin+16.5%+11.5%+13.6%+6.7%+22.0%+28.6%+15.0%
Depreciation10710711689.2083.4077.7273.81
Interest20.5829.6436.4527.2314.097.2711.28
Profit before tax8051,0436513211,383992418
Tax20624317770.5933225485.17
Net profit527181429226757738333
Net profit margin+12.8%+4.4%+9.9%+5.2%+16.3%+21.3%+11.2%
EPS (₹)9.6912.947.664.0516.9411.8926.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital124124124124124124124
Reserves & surplus6,0915,9735,5114,7793,8043,0151,862
Shareholders' funds (net worth)6,2156,0975,6344,9033,9283,1391,986
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.00134267
Unsecured loans44623739454127869.3915.79
Total debt446237394541278204283
Total liabilities6,7086,3926,1055,5284,2893,4222,347
Assets
Gross block2,8742,7672,7092,6002,4512,3912,334
Net block1,0171,0081,0551,0559931,0021,017
Capital work in progress27.8573.1718.8743.829.468.157.28
Investments4,9694,9104,5863,9522,7181,679656
Inventories1,0267827286731,015919858
Sundry debtors36237945829833414873.17
Cash & bank balances60.3012531.6561.3481.0433693.21
Loans & advances87.2544.7576.9387.7662.4778.8575.58
Total current assets1,5361,3321,2941,1201,4931,4821,100
Total current liabilities676750719607921732409
Net working capital860581575512573750691
Total assets6,7086,3926,1055,5284,2893,4222,347
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash44.392.158.5623.5531.4057.296.52
Net cash from operating activities192383353308622941106
Net cash from investing activities(156)8.34(82.97)(294)(440)(877)49.13
Net cash from financing activities(49.09)(349)(277)(28.94)(190)(90.30)(105)
Net change in cash(12.99)42.24(6.41)(14.99)(7.85)(25.89)50.77
Closing cash60.3012531.6561.3481.0433693.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-0.7%-4.1%-1.8%-5.4%+34.2%+16.0%-
EBITDA growth+42.7%-18.7%+99.9%-71.4%+3.3%+121.1%-
PBT growth-22.8%+60.4%+102.5%-76.8%+39.4%+137.4%-23.8%
Net income growth+190.9%-57.8%+89.5%-70.1%+2.5%+121.6%-
Revenue CAGR (3Y)-2.2%-3.8%+7.6%+13.8%+14.6%+8.1%+4.7%
EBITDA CAGR (3Y)+32.4%-22.5%-16.1%-13.2%+21.1%+26.9%-7.4%
Profitability & leverage
Net income margin+14.6%+19.3%+11.0%+5.7%+22.6%+21.3%+11.2%
Return on capital employed+12.6%+9.1%+11.8%+6.4%+26.3%+34.6%+16.9%
Return on net worth+9.7%+3.1%+9.0%+5.1%+21.4%+28.8%+14.6%
Debt / equity0.060.050.090.090.070.090.08
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover3.608.037.7713.391.500.803.02
Efficiency & per share
Fixed asset turnover1.461.511.631.741.921.471.32
Inventory turnover4.555.486.165.214.813.904.04
Debtors turnover11.099.9011.4313.9119.2731.3140.47
EPS (₹)9.6912.947.664.0516.9411.8926.80
Dividend per share (₹)2.753.602.501.504.004.0010.00
Book value per share (₹)100.5098.6091.1279.2963.3050.59160.03
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8841,3148988591,0431,1721,001828
Revenue growth (YoY)-15.3%+12.1%-10.4%+3.7%-8.5%---
Other income75.3336.4452.4959.6064.6864.5748.4284.24
Total expenses7779827757299501,001918818
EBITDA10733212313093.5917183.4310.57
EBITDA margin+12.1%+25.3%+13.7%+15.2%+9.0%+14.6%+8.3%+1.3%
Depreciation27.4726.2126.4927.4426.6126.8927.3126.43
Interest6.877.753.024.305.516.1810.016.80
Profit before tax14833414615812620394.5361.58
Tax40.1580.2836.0738.8329.2252.5123.5710.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,1134,1424,3174,3974,6473,4622,985
Revenue growth-0.7%-4.1%-1.8%-5.4%+34.2%+16.0%-
Other income21366518112145972.4830.84
Total expenses3,4353,6663,7334,1053,6242,4732,537
Employee cost243222211190191167146
EBITDA6794765852931,024989447
EBITDA margin+16.5%+11.5%+13.6%+6.7%+22.0%+28.6%+15.0%
Depreciation10710711689.2083.4077.7273.81
Interest20.5829.6436.4527.2314.097.2711.28
Profit before tax7651,0056132971,385977393
Tax18422715860.9033224968.99
Net profit509163410212759723318
Net profit margin+12.4%+3.9%+9.5%+4.8%+16.3%+20.9%+10.7%
EPS (₹)9.3912.587.363.8316.9811.7326.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital124124124124124124124
Reserves & surplus5,9545,8555,4144,7013,7402,9491,806
Shareholders' funds (net worth)6,0775,9785,5384,8253,8643,0731,930
Secured loans0.000.000.000.000.00134267
Unsecured loans44623739454127869.3915.79
Total debt446237394541278204283
Total liabilities6,5706,2746,0095,4504,2243,3562,291
Assets
Gross block2,8742,7672,7092,6002,4512,3912,334
Net block1,0171,0081,0551,0559931,0021,017
Capital work in progress27.8573.1718.8743.829.468.157.28
Investments4,7824,7514,4563,8502,6331,592580
Inventories1,0267827286731,015919858
Sundry debtors36237945829833414873.17
Cash & bank balances60.3012531.6561.3481.0433693.21
Loans & advances87.2544.7576.9387.7662.4778.8575.58
Total current assets1,5361,3321,2941,1201,4931,4821,100
Total current liabilities676750719607921732409
Net working capital860581575512573750691
Total assets6,5706,2746,0095,4504,2243,3562,291
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash44.392.158.5623.5531.4057.296.52
Net cash from operating activities192383353308622941106
Net cash from investing activities(156)8.34(82.97)(294)(440)(877)49.13
Net cash from financing activities(49.09)(349)(277)(28.94)(190)(90.30)(105)
Net change in cash(12.99)42.24(6.41)(14.99)(7.85)(25.89)50.77
Closing cash60.3012531.6561.3481.0433693.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-0.7%-4.1%-1.8%-5.4%+34.2%+16.0%-
EBITDA growth+42.7%-18.7%+99.9%-71.4%+3.5%+121.1%-
PBT growth-23.9%+63.8%+106.2%-78.5%+41.8%+148.4%-26.6%
Net income growth+212.7%-60.3%+93.3%-72.1%+5.0%+127.3%-
Revenue CAGR (3Y)-2.2%-3.8%+7.6%+13.8%+14.6%+8.1%+4.7%
EBITDA CAGR (3Y)+32.4%-22.5%-16.1%-13.2%+21.1%+26.9%-7.4%
Profitability & leverage
Net income margin+14.1%+18.8%+10.6%+5.4%+22.7%+21.0%+10.9%
Return on capital employed+12.2%+8.7%+11.3%+6.0%+26.8%+34.9%+16.2%
Return on net worth+9.6%+2.8%+8.8%+4.9%+21.9%+29.1%+14.5%
Debt / equity0.060.050.090.090.070.100.08
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover3.608.037.7713.391.500.803.02
Efficiency & per share
Fixed asset turnover1.461.511.631.741.921.471.32
Inventory turnover4.555.486.165.214.813.904.04
Debtors turnover11.099.9011.4313.9119.2731.3140.47
EPS (₹)9.3912.587.363.8316.9811.7326.12
Dividend per share (₹)2.753.602.501.504.004.0010.00
Book value per share (₹)98.2896.6889.5678.0362.2749.52155.50

Web traffic of Finolex Pipes

The website of Finolex Pipes (finolexpipes.com) receives about 44.1K visits a month and ranks #646,025 among all websites worldwide, #9,800 in Chemical Industry.

  • Monthly visits
    44.1K

    ▼ 5% vs previous month

  • Unique visitors
    21.5K

    per month

  • Global rank
    #646,025

    among all websites

  • Category rank
    #9,800

    Heavy Industry and Engineering · Chemical Industry

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Related news about Finolex Pipes

FINPIPE: Q2 SL NET PROFIT 1.22B RUPEES VS 1.2B (YOY)
Exchange Update • 2 days ago
FINPIPE: Q2 REVENUE 10.9B RUPEES VS 8.6B (YOY)
Exchange Update • 2 days ago
FINPIPE: Q2 EBITDA 1.24B RUPEES VS 1.3B (YOY); Q2 EBITDA MARGIN 11.33% VS 15.02% (YOY)
Exchange Update • 2 days ago
Co-optex sets Rs 50 lakh Diwali sales target, Rs 1 crore annual sales target: TN Minister Vijay Balaji - The Economic Times
Economic Times • 1 month ago
Buy Finolex Industries; target of Rs 214: ICICI Securities
Moneycontrol • 2 months ago
Accumulate Finolex Industries target of Rs 197: Prabhudas Lilladher
Moneycontrol • 2 months ago
FINPIPE: Despite a 27% volume drop, EBITDA rose 14% and margins improved on higher realizations
Quartr • 2 months ago
Finolex Industries posts nearly 17% YoY rise in Q1 PAT | Capital Market News - Business Standard
Business Standard • 2 months ago
FINPIPE: Q1 FY27 profit and revenue declined, but comprehensive income rose on equity gains
Quartr • 2 months ago
FINPIPE: EBITDA margin rose to 12% in Q1 FY27 despite a 15% revenue decline and lower volumes
Quartr • 2 months ago
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Frequently Asked Questions about Finolex Pipes

Finolex Pipes was founded in 1981.

Finolex Pipes is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

Finolex Pipes has 4,410 employees.

The primary company behind Finolex Pipes, Finolex Industries Limited, reported revenue of ₹4,367 Cr for FY 2026, down 1% year on year.

Finolex Pipes was founded in 1981 and is headquartered in Pune, India. PVC pipes and fittings are produced for plumbing, sanitation systems, and agricultural irrigation. Quality control is maintained across the value chain, from raw material sourcing to product delivery. A diverse portfolio of pipe types and sizes is offered to address various needs. Distribution occurs through a network of dealers and retailers.

Finolex Pipes offers PVC Pipes and Plumbing Fittings.

Yes, Finolex Pipes is publicly traded on NSE under the ticker symbol FINPIPE.

Finolex Pipes operates through Finolex Industries Limited.

The legal entities of Finolex Pipes currently have 12 directors, including Kanchan Uday Chitale, Ritu Prakash Chhabria, Prakash Pralhad Chhabria and others.

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