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3M India is a 100% debt free subsidiary of 118 years old USA based American multinational conglomerate corporation 3M Company. The company produces over 60,000 products under several world-renowned brand. The parent company 3M ranks 95th on the fortune 500 list of the largest United States corporations by total revenue.

3M is a diversified technology and science company with a global presence in the following businesses: Industrial; Health, Care; Consumer; Safety and Graphics; and Energy and is among the leading manufacturers of products for many of the markets it serves. Most of its products involve expertise in technology, product development, manufacturing and marketing with emphasis on innovation. 

3M India manages is operations in four business groups i.e. Safety & Industrial; Transportation & Electronics; Healthcare and Consumer. In FY2019 Safety & Industrial business accounted for about 39% of the revenue and Transportation Electronics business accounted for 34% of the total sales. Healthcare and Consumer accounted for about 16% and 10% respectively. Roughly about ¼ of the revenue comes from S&I and T&E combined with balance from Consumer and Healthcare. The Company’s four business segments bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources.

Parent History-:

Minnesota Mining and Manufacturing Company in short know by the name 3M was founded by Five businessmen in Two Harbors, Minnesota, in 1902. 3M is aggressively engaged in Research and Development with company having more than 1,18,000 patents registered as well as adding more than 4000 new patents each year. With $32 billion of revenue 3M is a gigantic corporation with its widest product portfolio ranging from large scale industrial manufacturing machines to the smallest consumer products , 3M is present across all the segments one could possibly think of.

3M was one of the 30 companies included in the Dow Jones Industrial Average, added on August 9, 1976, and was 97 on the 2011 Fortune 500 list.

Segment Wise Information-:

Transportation and infrastructure including industries are two key focus sectors for the company. Transportation covers the entire value chain of automotive such as the OEMs themselves, the tier suppliers and the aftermarket. In addition the company also caters to opportunities in railways and aerospace. In infrastructure it provide solutions for oil, gas and water pipelines, highway safety and solutions for smart cities to name a few. The company offers appropriate products with localisation leveraging its parent’s wide differentiated technology platforms with its understanding regulatory trends. 

The Consumer business group serves markets that include consumer retail, modern trade, office retail and other emerging retail channels. The products in this segment include office supply products, stationery products, home care products and protective material products. Major consumer products include Scotch® brand products, such as Scotch® Magic™ Tape and Scotch® GlueStick; Post-it® Products, such as Post-it® Flags, Post-it® Note Pads and Dispensers; home care products, including Scotch-Brite®Scour Pads, Scotch-Brite® Scrub Sponges, Scotch-Brite™ Microfiber Cloth products.

The Health Care business group of the company serves markets that include large multi-specialty hospitals and small clinics, dental andorthodontic practitioners, processed food manufacturers and pharmaceutical companies. Its offerings include medical and surgical supplies, medical devices, skin & wound care and infection prevention products & solutions, drug delivery systems, dental and orthodontic products and food safety products.

The Safety business now part of S&I business group serves a broad range of markets that serve to increase the safety, security & productivity of people and improves facility design, aesthetics, hygiene, etc. Major product offerings include personal protection products; traffic safety & security products, border security solutions; public safety & identity management solutions; commercial graphics sheeting & systems; architectural surface & lighting solutions; cleaning & protection products for commercial establishments, etc.

Personal protection products include maintenance-free & reusable respirators, personal protective equipment, head & face protection, body protection, hearing protection & protective eyewear. 

In traffic safety & security, 3M provides reflective sheeting used on highway signs, vehicle license plates, construction work-zone devices, pavement marking systems, electronic surveillance products, films that protect against counterfeiting & reflective materials that are widely used on apparel, footwear & accessories, enhancing visibility in low-light situations. Traffic safety & security also provides remote people-monitoring technologies used for offender-monitoring applications. The portfolio also includes RFID tracking technologies & Automatic Number Plate Recognition(ANPR). 

Major commercial graphics products include films, inks, digital signage systems & related products used to produce graphics for vehicles, signs & interior surfaces. Other products include spill-control sorbents; non woven abrasive materials for floor maintenance & commercial cleaning; floor matting, housekeeping chemicals, etc

The Industrial segment serves a broad range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail), electronics, appliance, paper and printing, packaging, food and beverage, and construction

Industrial products include tapes, a wide variety of coated, non-woven and bonded abrasives, adhesives, advanced ceramics, sealants, specialty materials, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. 

Major industrial products include vinyl, polyester, foil and specialty industrial tapes and adhesives; Scotch® Masking Tape,Scotch® Filament Tape and Scotch® Packaging Tape; packaging equipment; 3M™ VHB™ Bonding Tapes; conductive, low surface energy, sealants, hot melt, spray and structural adhesives; reclosable fasteners; label materials for durable goods; and coated, nonwoven and microstructured surface finishing and grinding abrasives for the industrial market. Other industrial products include fluoroelastomers for seals, tubes and gaskets in engines

While the Industrial Adhesive and Tapes Division focus on Passive Fire Portfolio, driving relevance in Construction and strengthened Converter Business Model, increasing penetration in Transportation & Metal working market, the Abrasive Systems Division reaches out to more end customers with their productivity improvement solutions which has reduced lead times, improved output quality, controlled cost per component etc., spanning sectors like Automotive, Auto Comp., Metal Fabrication, Cutting tools, Gear grinding, Aerospace, Windmill segments etc.

Infrastructure Protection Products Division of 3M offers a comprehensive array of products that ensure effective protection against corrosion for a variety of installations and structures. While 3M™ Scotchkote™ Fusion Bonded Epoxy Powders and Scotchkote™Liquid Epoxy Coatings offer protection for steel pipelines, associated fittings and structures used in the oil, gas, water, industrial and construction markets, the range of 3M™ Scotchcast™ Powder Resins are ideal for OEM electrical insulation applications.3M Dynatel Locators combine simple interfaces, large backlit high-resolution graphics, excellent balance and ergonomics with precision locating capabilities to quickly and accurately identify underground assets.In Renewable Energy 3M is helping to transform the fields of Generation & Conservation of Energy. 3M supports solar & wind energy initiatives through product solutions such as films, tapes, coatings, encapsulants and adhesives that help reduce the cost of energy generation. For energy conservation and management needs of customers we provide affordable window film technology that ensures effective health and environment protection

Major transportation products include insulation components, including Thinsulate™ Acoustic Insulation and components for catalytic converters; functional and decorative graphics; abrasion-resistant films; adhesives; sealants; masking tapes; fasteners and tapes for attaching nameplates, trim, moldings, interior panels and carpeting; coated, nonwoven and microstructured finishing and grinding abrasives; structural adhesives; and other specialty materials. In addition, 3M provides paint finishing and detailing products, including a complete system of cleaners, dressings, polishes, waxes and other products.

Being part of 3M Group, the company has access to all the 3M’s 51 global technology platforms that offer the depth of expertise to enable it to solve customer problems with innovative solutions. More specifically it gives the company access to intellectual property, gives access to differentiated product portfolio derived from such intellectual property and even specifications with global or regional customers. The local R&D team is part of the global scientific community with free flowing exchange of ideas and innovations. Considering parent’s global presence, the company could leverage on its existing relationship with global players who sets up operations in India or relocates its manufacturing operations for competitive reasons or local regulations. Some of the other benefits are wide management bandwidth to source manpower, global and regional capabilities in digital infrastructure resources, digital marketing capabilities, common platform for sales management, data analytics, etc.



Consolidated sales of the company for the quarter ended Sep 2019 was up by 4% to Rs 763.53 crore while operating profit up by 27% to Rs 129.54 crore.

EBIT was up by 27% to Rs 115.76 crore with PBT standing moderated to 17% by Rs 125.64 crore and PAT jumping 42% to 100 crore.

Half Yearly

Consolidated sales for the half year ended Sep 2019 was up by 6% to Rs 1568.02 crore. OPM contracted by 30 bps to 17.6% while the operating profit was up by 4% to Rs 276.24 crore.

EBIT stands at Rs 247.55 crore up 2% with PBT remaining flat at Rs 264.19 and PAT was up by 10% to Rs 190.14.


The company has strong balance sheet with zero debt. The company sits on a cash balance of Rs 685.76 crore.  

Company also has reserves of Rs 1800 crore.

At the end of 2019 there was significant amount of investments reflected on the balance. From Nil investment in 2018 the company had made investments worth Rs 585 crore in 2019.

Future Prospects-:

3M’s collaboration with the Indian Railways is an example of design leading innovation and transforming experiences for end consumers. From technical applications to the aesthetic, 3M science and design solutions played a pivotal role in re-imagining coach building and design. This collaboration has led to the launch of several new trains carrying never before-seen graphics, ushering in a new look for the Indian Railways. 3M materials are also helping to reduce energy consumption in AC coaches and being deployed to build dry toilets inside trains while our weather resistant wraps on train bodies offer a vibrant branding platform. The impact of design thinking has extended to public spaces such as city railway stations. The New Delhi Railway station has seen a makeover with 3M graphic materials bringing in a vibrant, new look with attractive design.

3M entered the high voltage segment with products like jointing and termination kits that enable reliable power installations. The portfolio was locally manufactured at the Pimpri plant with in-house technical knowhow. 

• A dedicated Automotive Electrification (AE) unit was set up to cater to emerging trends in the automobile industry. Tie-ups with Automobile OEMs, battery manufacturers, regulatory bodies and design houses were established to follow an integrated approach towards developing this technology. 

• 3M also participated in the Global MOVE Summit targeting the Auto Electrification segment and was one of the two component companies invited to showcase technologies. 

Electrical Accessories for Power Sector

• Power cable accessories for various voltage classes 

• Electrical and electronic specialty insulating tapes, tapes for Maintenance, Repair & Operations (MRO) 

• Underground asset tracking using locating & marking products Products & solutions Electronics Materials 

• Electronic coatings 

• Engineering fluids for immersion cooling 

• Connectors, cables, cable assemblies, sockets and embedded capacitance materials for electronic manufacturing Filtration Solutions 

• Industrial filtration systems 

• RO & Drinking Water Systems 

• Residential Water Purification Systems