Versatile Bonds is investing INR 1 billion to set up a footwear adhesives manufacturing and research facility in Ranipet, Vellore district, Tamil Nadu. The project was announced during the Hosur Conclave on 11 September 2025, where the foundation stone was laid by Chief Minister M.K. Stalin.
The upcoming facility is expected to create over 200 jobs and will include advanced manufacturing technologies along with a dedicated R&D centre. According to the company, the new site will focus on innovation and sustainability in adhesives production.
Polymaxx, the flagship adhesives brand of Versatile Bonds, will be a primary beneficiary of the new facility. The adhesives are used across footwear, furniture, automotive, and industrial applications. The Vellore plant is expected to strengthen Polymaxx’s production and R&D capabilities, supporting markets in southern India including Chennai, Ambur, Hyderabad, and Bangalore.
The Hosur Conclave 2025 saw 92 industrial agreements worth INR 243.07 billion being signed, with an expected employment generation of nearly 49,353 jobs across the state. Alongside Versatile Bonds, other projects announced included Zetwerk Manufacturing’s INR 50 billion solar cell plant, as well as planned investments by Aspire Footwear and Rico Auto.
Versatile Bonds manufactures and markets adhesives under the Polymaxx brand, which includes synthetic rubber and polyurethane adhesives, cleaners, and primers. The company’s products cater to substrates such as footwear, wood, metal, and fabric, and form a core part of its expansion strategy.
