Sunday, November 2, 2008

SIDBI Ventures Invests Rs 30 Crore In Adhesive Maker Anabond

May 22, 2008 | by Madhav A Chanchani

Anabond Ltd, a Chennai-based manufacturer of industrial adhesives and automotive sealants, has received Rs 30 crore funding from SME Growth Fund of SIDBI Venture Capital Ltd.
Anabond is into manufacturing of industrial adhesives and automotive sealants for the engineering industry, and claims to have more than 50 per cent market share in those segments. The company has also entered consumer market through super glue adhesives. Anabond was set up in 1979 by J Vijayakumar and A. V. Ramanujam, who were working for Department of Atomic Energy, before starting Anabond.

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