Adhesive and construction chemicals manufacturer, Pidilite Industries, is planning to make a foray into the lending business. The company intends to offer small-value retail loans to its domain ecosystem. To facilitate this expansion, Pidilite Industries will acquire Pargro Investments, an existing NBFC belonging to its Promoter Group. The company expects to invest up to Rs 100 crore over the next two years to establish the lending business. Pidilite Industries, known for brands like Fevicol, Dr Fixit, Fevikwik, and M-Seal, aims to support the business growth of its domain ecosystem through this credit provision. The acquisition of Pargro Investments will be completed by March 31, 2024, pending statutory and regulatory compliance as well as necessary approvals from the RBI.