Vigor Plast India is a manufacturer that turns PVC resin into the pipes and fittings hidden inside walls, under floors and across farms - the plumbing, irrigation and drainage systems that buildings and fields depend on. Founded in 2014 in Jamnagar, Gujarat, and listed on the NSE SME exchange, it sells everything under the ‘VIGOR’ brand and has built its business on a simple, recurring idea: locate the factory next to the raw material source to cut logistics costs, automate production for consistent quality, and offer distributors a full catalogue so they never need to buy from anyone else. # Business segments A single engine - plastic piping systems - sold into four end-use sectors through one growing distributor network, with no other businesses, subsidiaries or reportable segments. ## 1. Plastic piping systems: a one-stop shop for the distributor **The company makes pipes and fittings across all three plastic chemistries - PVC, uPVC and cPVC - so a distributor can fill a plumbing, irrigation or drainage order from a single truck, not three suppliers.** - **Full catalogue, one brand** - the product range spans cPVC pipes and fittings (for hot-water plumbing), uPVC pipes and fittings (for cold-water and irrigation), SWR pipes in both ring-fit and self-fit systems (for soil, waste and rainwater drainage), and PTMT accessories, all sold under the ‘VIGOR’ name. Fittings and ancillary products are the larger revenue half, contributing roughly ₹24.6 crore of the total ₹45.6 crore in FY25, and the mix is shifting further toward these higher-margin items. - **Factory next to the raw material** - the single fully automated plant sits on a 16,566 sq.mt. plot in Dared, Jamnagar, Gujarat, deliberately placed close to petrochemical suppliers so resin travels a short distance, reducing inbound freight and keeping the cost structure lean. Installed capacity is 2,490 tonnes for pipes and 1,060 tonnes for fittings, with fittings running at about 81% utilisation and pipes at roughly 70% - meaning the company can grow output without building a new factory. - **Distributors added every quarter** - the sales network has expanded from 440 distributors and dealers in FY24-25 to 558 by end-June 2026, reaching customers across 25 states and union territories, with a deliberate push into Tier-2 and Tier-3 cities. Warehouses in Rajkot, Jamnagar, Surat, Ahmedabad, Bhavnagar, Upleta and Lucknow cut delivery times and help retain dealers. - **Four end-uses, one demand story** - the pipes go into agriculture and irrigation (44% of broader industry demand, driven by government micro-irrigation schemes like PMKSY), plumbing and water supply (39%, driven by the Jal Jeevan Mission and housing), sewage and drainage (12%, driven by AMRUT 2.0 and the Smart Cities Mission), and industrial applications such as fire-sprinkler and HVAC systems (5%). The company’s own FY25 revenue split was roughly ₹20.3 crore industrial, ₹10.9 crore residential, ₹10.3 crore agricultural and ₹4.1 crore commercial. - **Exports are a small, early door** - international sales were about ₹1.1 crore in FY25, down from ₹1.3 crore two years earlier, but the company identifies Bangladesh, Bhutan and African countries as expansion opportunities. Gujarat alone still accounts for over 41% of revenue, up from under 20% in FY22, so geographic diversification - both within India and abroad - remains a live task. # Group structure and partners **A standalone public company with no subsidiaries, no joint ventures and no separate business lines - everything runs through one entity in Jamnagar.** - The company was incorporated as Vigor Plast India Private Limited in 2014, converted to a public limited company, and listed on the NSE SME exchange. - It prepares only standalone financial results; all activities revolve around the piping business and all operations are conducted within India. - The registered office is the factory itself - Survey No. 640/3, Dared, Jamnagar, Gujarat. - The Managing Director is Mr. Jayesh Premjibhai Kathiriya and the Whole Time Director is Mr. Rajesh Premjibhai Kathiriya.