Bakul is a family owned business, started by the visionary Mr Yashwant Tirodkar & his son Mr Dilip Tirodkar, who saw the potential of the then under developed Navi Mumbai City and the huge demand for building materials in the 70's & 80’s. As of 2020, the principle focus is in the Distribution of Cement, Construction Chemicals & allied products. Bakul also has substantial Interests in the real estate rental business, predominantly commercial properties around Navi Mumbai. Since 2008 Bakul has minor interests in the field Bio Technology.

1983, Dilip Y Tirodkar in the Cement-Sheet Stockyard

1975 - 2000

Bakul Cement Company was started in 1975 in Turbhe, Navi Mumbai as a sole distributor of Cement.

Cement was under license back then, and growth potential was limited to the amount of quota issued by the government. This all changed in 1982 when the Sale of Cement was allowed without government controls or license.

Bakul was the exclusive and only distributor of ACC (associated Cement Companies) and L&T Cement for over two decades in Navi Mumbai. Over the early years, cement being the sole focus, Bakul had simultaneous distribution rights of around eight Cement manufacturers.

In early 1990's it supplied over 5,00,000 MT of cement to Konkan Railway corporation. Till 1997, Bakul was the super distributor for exclusive distribution of L&T Cement in Raigad District.

1991, Bakul Cement Loaders Team

1996, Shri Dilip Tirodkar

Along with Cement, Bakul was also into distribution of Asbestos Cement Sheets having exclusive agency of Charminar Cement Sheets of Hyderabad Industries Ltd. Bakul employed three main sales channels, namely Retail Counter Sale, Direct Trade Sales and company Non Trade Sale. This catered to the client buying 1 bag of cement as well as the client buying 100,000 bags per month.

Bakul had three proprietorship / family partnership companies under its banner.

Bakul Corporation
Bakul Enterprises
Ameya Enterprises
Shree Agencies

1997, Mrs Shubhangi and Mr Dilip Tirodkar

at the Bakul Cement Retail Counter

2001 - 2015

2001 onwards the cement industry underwent a major consolidation and change of business models. Prior to 2001, the average cement stock in the Bakul Main Turbhe Godown was approximately 15000 bags. With the remaining 3 retail counters put together, the average stock would cross 22,000 bags. Most trade sale would be through the retail counter, with stock being held at Bakul's various strategic stocking points. This changed after 2000, with the advent of better communication and logistics, the concept of direct delivery of 100 bags and more, from the rail yard to the client's site was introduced. This saved the unnecessary cost and hassle of having to stock the cement and the associated loading and unloading.

1986, Shi Dilip Tirodkar at the construction site of Bakul's 2nd Store

This decade also saw a major consolidation and mergers of the Cement manufacturing companies. Grasim Industries Ltd and L&T Cement Ltd merged to form the Ultratech Cement Limited. Smaller brands like Narmada Cement & Indorama Cement were also acquired. The industry was left with handful of massive Cement companies, with intensely contested and conflicting spheres of influence. Thus the cement companies demanded exclusive distributors, which dealt with only one brand. After a lot of soul searching and weighing the pros and cons, in 2006 Bakul became an exclusive Distributor of Ultratech Cement.

Having witnessed a colossal shift in the Cement Industry, Bakul decided to diversify it's business portfolio into areas where it could harness its existing strengths and client base. The obvious choice was the introduction of allied building products like Construction Chemicals and AAC Blocks, which was a new and untapped market.

In 2009, Bakul re-launched its flagship retail store at Turbhe, with focus on allied products, along with Cement. This reopening was done by the then NMMC Commissioner of Police GB Pole.

In 2009 Bakul started the construction chemical distributorship with SIKA, a 100 year’s old, well known Swiss company with a range of quality products at reasonable rates. In 2011, Ultratech Cement started its Building Products division, have products like light weight AAC Blocks, Joint mortar, Grouts, Tile adhesive etc, in sync with its core competency. In 2015, Bakul was granted the Distributorship for Navi Mumbai of BASF Construction Chemicals, the 150 year Chemical giant.

2009, opening of the rebranded Bakul Flagship Store at Turbhe.

with (clockwise) Navi Mumbai Commisioner of Police GB Pole,

R Suresh, Ultratech Vice President & Head Mumbai Region

Dilip Y Tirodkar, Shubhangi Tirodkar & Amod Tirodkar

The change in the business model of stocking Cement, freed up substantial real estate owned by Bakul for many years. In early 2000's, the real estate market in Navi Mumbai had appreciated exponentially. The properties held by Bakul, although used as stocking points since the 1980's and early 1990's, were now in the heart of the newly developed nodes of Navi Mumbai. Bakul re-modified and redeveloped these properties into commercial spaces for showrooms and restaurants. Thus the real estate rental arm of Bakul was born, which as of 2020 is one of the most profitable division of Bakul.

In 2013, the building products division of Bakul was consolidated into a single entity called Bakul Building Solutions LLP.

2015 to present

This period marks the rapid modernisation of business processes and way of thinking. Bakul made substantial investments in technology, to transform itself to meet the standards of the new digital world. We have employed a completely automated CRM system, with integration of SMS & email and an uplink to our ERP & Accounting system.

in 2016, Bakul redeveloped its old office building into a new 5 storied, 6500 sqft Retail store cum Showroom and Office space.

The focus of the Building Products Division is now towards the allied products like construction chemical & Dry Products.

These products cater to general repair such as terrace leakage, wall leakage, flooring seepage, repair & restoration etc as well as the complex requirement like underwater concrete placement or high early strength concrete. We not only provide the chemicals but also the technical know-how if needed. Thus with an impressive product basket which includes Cement, RMC, Sand, White cement, Waterproofing Chemicals, Admixtures, Adhesives, Curing Compounds, Paints and other allied products we hope to encompass all your building material requirements.

2024, Visit of the Honorable Union Cabinet Minister for MSME Shri Narayan Rane to the Bakul Store.

List of Directors

Dilip Y Tirodkar

Mr. Dilip Y. Tirodkar, the visionary behind Bakul, is an engineer from VJTI, Mumbai, whose entrepreneurial journey was built on determination, perseverance and a clear vision. After spending five years working in Africa and building the capital to pursue his entrepreneurial aspirations, he returned to India and established one of the first cement distribution agencies in Navi Mumbai in 1975.

Over the decades, Mr. Tirodkar has played a significant role in shaping Bakul's journey and contributing to the development of the cement distribution business in Navi Mumbai. Under his leadership, what began as a single distribution venture evolved into a diversified enterprise founded on trust, enduring relationships and a commitment to excellence.

As Chairman of Bakul, he continues to provide strategic direction and guidance to the organization. He also oversees the group's rental and property portfolio, with a focus on prudent asset management, long-term investments and sustainable value creation.

Drawing upon decades of experience in business and investment, Mr. Tirodkar continues to guide the group's strategic planning, financial management and long-term growth, while preserving the values that have shaped Bakul since its inception.

Shubhangi D Tirodkar

A former international cabin crew member with Air India and a London-returned professional, Mrs. Shubhangi D. Tirodkar has been an equal partner in Bakul's journey since its inception. For over 25 years, she played an important role in managing the day-to-day operations of the company's cement business and contributed significantly to building the strong foundation upon which Bakul has grown.

Her involvement went beyond the operational aspects of the business. With a keen understanding of people, relationships and business administration, Mrs. Tirodkar was instrumental in supporting the company's development through its formative years and in establishing a strong and enduring business culture.

As the next generation gradually assumed greater responsibilities within Bakul, Mrs. Tirodkar turned her attention towards a broader purpose—supporting women through mentorship, entrepreneurship and economic empowerment. Her association with the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA), the Maharashtra Economic Development Council (MEDC) and Amhi Udyogini enabled her to extend this work on a much larger platform.

She subsequently established a branch of Amhi Udyogini in Navi Mumbai, providing women with opportunities to develop entrepreneurial skills, build confidence and work towards financial independence. Over the years, she has held several positions within MACCIA, including Ordinary Member, Governing Council Member and Vice President.

Today, Mrs. Tirodkar continues to contribute to Bakul while actively pursuing her work in the areas of women's entrepreneurship, social development and community engagement. Her journey reflects the values that have shaped Bakul over the years—enterprise, perseverance, responsibility and a commitment to creating lasting value.

Vice President

Council Member

Amod Tirodkar

Mr. Amod D. Tirodkar is an engineer from the University of Mumbai and holds an MBA (MBIT) from the University of Melbourne, Australia.

After completing his education abroad, he returned to India in 2008, bringing with him a combination of technical expertise, business understanding and an entrepreneurial outlook. Since then, he has been closely associated with the evolution of the family's business interests, contributing primarily through strategic thinking, long-term planning and the identification of new opportunities.

His approach has focused on strengthening the foundation built by the earlier generation while exploring avenues for sustainable growth and long-term value creation.

Today, he continues to contribute to the strategic direction and future development of the business, with a focus on adapting to changing opportunities while preserving the values and principles that have shaped the enterprise over the years

Leena Tirodkar

Ms. Leena A. Tirodkar is an engineer from the University of Mumbai and holds an MBA in Banking and Finance from NMIMS, Mumbai.

With a strong academic foundation in engineering and finance, she plays an important role in overseeing the group's business operations, banking, financial planning and administrative functions. Her analytical approach and financial expertise contribute significantly to the organization's growth, efficiency and long-term stability.

She oversees the day-to-day business operations while maintaining a focus on financial discipline, effective administration and operational excellence. Her professional approach and commitment to structured management continue to strengthen the group's expanding and diversified business interests.