. He was born in a Jain family in 1925 and completed his primary and secondary schooling in Mahuva before attending Government Law College in Mumbai. To many, Balvant Parekh was fondly known as 'BKP' and Balubhai. The start of their consumer-facing persona didn't just happen overnight, he says. [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. Pidilite has five members of the Parekh family in the management, with the chairman's uncle NK Parekh representing the first generation and the others forming the second generation. Further, the cap 101 comprises a cavity 102. "In a country as big as India there are plenty of opportunities; it's all about spotting them," he says. [5], Parekh Joined family business Pidilite Industries in 1971[6][7], Parekh serves as the chairman and managing director of Vinyl Chemicals India Limited, an Independent non executive director of Excel Industries Limited. Seven daughters who are making their mark at their family companies. [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. Parekh, who along with his family holds a 70 percent stake in the BSE-listed company, has seen his fortune rise by $1 billion in the past year to hit $5.75 billion (rank 19 on the 2018 Forbes. His grandfather was a magistrate, and he motivated him to study law. Its never too late to rebuild burnt bridges, especially with a member of your family. Pidilite Industries Limited specialises in retail. You may opt-out by. Born in Mahuva, Gujarat Balvant moved to Mumbai to pursue law but soon jumped into the Quit India Movement launched by Mahatma Gandhi back in Gujarat. CampdenFB.com is a wholly owned subsidiary of Campden Wealth Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Pay up abroad, but play around in India. Amol is a strategic procurement expert who consistently and continuously delivers the most competitive solutions while providing outstanding customer service and process efficiency. Balvant joined fifty percent partnership with a German firm Fedco representing another German company Hoechst. To visit our Archives, click here. "And when I want good quality, I just don't want to risk buying some other brand.". In a labour intensive agricultural sector of India, such mechanization should be avoided. 5. This article about an Indian company is a stub. Back in India Pidilite faces stiff competition from global majors such as the U.S.' Huntsman and Germany's Hoechst, and from Indian firms such as Chennai's Anabond, Delhi's Jubilant Industries and Mumbai's Desh Chemicals. He strives to provide value-added services that support business success. Prior to Pidilite, Rahul has spent six years in financial services, as Chief Marketing Officer for Birla Sun Life Insurance and Group Brand Head for Kotak Mahindra Bank. Mayur is a graduate of B.Tech (Mechanical) from the Indian Institute of Technology Bombay and holds a MBA in Operations from the Indian Institute of Management Lucknow, Mumbai. Rahul joined Pidilite in 2010 as the President Sales and Marketing for the Art & Stationery Business. She started off at Business India and later moved to Forbes India where she writes across industries and companies but has a bias towards startups, technology and the FMCG sector. He conducts business with the highest level of customer service, ethical standards, fairness, and transparency. IoT to gain sustainable competitive advantage. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Thus was born Fevicol. Over the decades, he worked with his brothers to turn Pidilite Industries into a household name across India with brands including Fevicol, Dr.Fixit and M-seal. Fondly known to all as 'BKP' and 'Balubhai', he was a warm, loving and caring leader who inspired the lives of all those he touched. Includes DocuBay and TimesPrime Membership. Prior to that, he was Chairman and Managing Director at Goodyear India. Physics, Electronics from Mumbai University. Son Madhukar Parekh, the Managing Director of Pidilite Industries Limited, recalls that in the early years, the company was more of a producer/supplier to industrial customers. Pidilite has 5 employees across 11 locations and 98.8 b in annual revenue in FY 2022. He loves travelling to offbeat destinations and is currently passionately involved in building a house which has a 50+ year old design using building materials which are over 100 years old. Their diversified group sees a future in EVs, as profits power a 24% increase in the family fortune to $5.8 billion. 3. Tucked away in a small lane in the Mumbai suburb of Andheri, the Pidilite office is simple and transports you back to the early 90s. The family founded the Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in 2009. This button displays the currently selected search type. In fact, search trends for "remote work jobs" and "work from home In the company, vice chairman Narendrakumar Kalyanji Parekh was at the top with a wealth of 19,600 crore and held 83rd rank, while executive director Ajay Balvantray Parekh & family were at . "When we grow as we have, we've got to maintain that spirit of entrepreneurship and connect with all our people," he says. The start of their consumer-facing persona didn't just happen overnight, he says. Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. Overseas revenues contribute about 12% to total sales. If it is one thing that Manish cannot resist, it is a challenge - whether it was leaving the US and returning back to India almost 25 years ago, to begin his career at an IT company (at a time when the industry was in its infancy), or to move away from IT Services to set up, grow, and lead the BPO business at Datamatics and make it a successful IPO. Managing Director : Bharat Puri . Balvantray Kalyanji Parekh (1925 - 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. Fixit and M-seal are market leaders with high shares in their respective segments. Your Reason has been Reported to the admin. In a statement, Pidilite Industries said: "He promoted and encouraged the close teamwork between employees and value system, which emphasises commitment to excellence, closeness to customers and the spirit of innovation.". He joined Abbot Laboratories USA after his master's degree. In the last ten years he has stuck with this synthetic glue--the cost of which has risen 50%. PLAN. LocationsView all. At Pidilite, Manish has been responsible for transforming the company from being professionally run by a family, to being run by a family of professionals. He is a Fellow of the Royal Society of Chemistry, UK (FRSC) and on the Advisory Board of American Chemical Societys flagship magazine Chemical & Engineering News (CE&N), and multidisciplinary journal ACS Omega and The Academy Trust of The Indian Academy of Sciences Bangalore. Document Information Zerodha gets a boost from the pandemic and lifts Nithin and Nikhil Kamaths net worth to $3.45 billion. Amol is a BSc. [10], Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries.,[11] and one daughter, Kalpana Parekh. Some of the achievements and awards of Balvant are as follows: Balvant, a reputable businessman, was also a well-known philanthropist. He is the present chairman of the company and the 17th richest person in India as of 2021. You can help Wikipedia by expanding it. Share Price, Financials and Stock Analysis Standalone Charts Peers Ratios Share Holding Quarterly P&L Balance Sheet Cash Flows Corp. Action Investors Docs News Pidilite Industries Ltd. NSE: PIDILITIND BSE: 500331 SECTOR: Chemicals 299k 4k 1k 2,279.65 +3.95 (0.17%) NSE: Today, 03:57 PM Price Summary Today's High 2,293.20 He donated INR 20 million for Bhavnagars Science city project and also donated to Gujarati Sahitya Parishad. Buying Price - 2662 Stoploss Price - 2590 Target Price - 2920. Market Research. Pidilite Industries was founded by Bavant Parekh who is the father of Madhukar Parekh. Other key brands Fevikwik, Dr. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. The company was founded by Dr Anil Diggiwal in 2018 and is currently a privately owned, bootstrapped organization. Quick to identify new opportunities, the company heavily invested in the R&D centre at Kondivita, Mumbai and also set up a step-down subsidiary, Pidilite Innovation Centre in Singapore. In 1954 on invitation from the managing director of Hoechst Balvant went to Germany for a month. Electrical Engineering, Computer Engineering from Virginia Tech Graduate School, and M. Sc. Balvant grandfather was a magistrate. The company was founded by Balvantray Kalyanji Parekh in 1959 and is headquartered in Mumbai, India. [2][3], Parekh is the son of Balvant Parekh, who founded Pidilite Industries in 1959. "We have inducted senior professionals to strengthen our management structure and reduce operational responsibilities of promoter family members,'' Apurva Parekh told TOI. She was a national level athlete and now enjoys running half marathons. Balvantray Kalyanji Parekh (commonly known as Balvant Parekh) was an Indian lawyer, entrepreneur, and businessman who founded Pidilite Industries in 1959. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. 19 59 Founded by Balvant Kalyanji Parekh 19 92 Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. Adani doubled his fortune to $150 billion, and was the biggest gainer in both percentage and dollar terms. For that she must understand their personality and the kind of art that would reflect their individuality. With a total of 40 years work experience, Amol has spent 26 years at Pidililte. India's Fevicol Man, Balvant Parekh; How a freedom fighter, peon became billion dollar Pidilite Founder: - Summary of the Gallery To reiterate and expand on today's story's opening, he enrolled in the Government Law College Mumbai to follow in his grandfather's footsteps of becoming a magistrate. The ownership of the club is now understood to be split between Lee (31 per cent), Indian businessman Neerav Parekh (21 per cent), the five investors including and represented by Julie Anne Quay (20 per cent), the Cryne family (20 per cent) and Conway's company Pacific Media Group (eight per cent). PLAN, Yearly He was known as "Indias Fevicol Man".[1]. N. K. Parekh, Vice Chairman. Rahul is a Business Leader with over 22 years of experience in FMCG and BFSI in Sales & Marketing. Share this highlight reel. Ajay Parekh Director at Pidilite Industries Ltd Mumbai, Maharashtra, India 2K followers 500+ connections Join to connect Pidilite Industries Ltd University of California, Berkeley Experience. Mr. Parekh vision to take Pidilite to the next level and build an organization not just for today, but for centuries to come in a people friendly, global atmosphere has attracted top class talent. Mrudula Parekh inherited her late husband Sushilkumar Parekh's minority stake in Pidilite Industries, India's leading maker of adhesives and sealants. For this, he worked very closely with the Chairman and Promoter family members. A Freedom Fighter, Peon, & Trader, How Balvant Parekh Created Fevicol's Billion-Dollar Empire Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Last edited on 23 February 2023, at 17:50, "Pidilite Industries Ltd. Financial Statements", "Pidilite: Glued firmly to the growth path", "Salil Dalal, COO - Emerging India, Pidilite Industries Ltd", "Pidilite launches first of its kind Heat Reducing Exterior Coating", "100xvc partners with Pidilite Industries", "Pidilite to invest up to Rs 100 cr in Nina Waterproofing", "Pidilite Industries to acquire stake in CIPY Polyurethanes", "Pidilite to acquire Huntsman unit for 2,100 crore", https://en.wikipedia.org/w/index.php?title=Pidilite_Industries&oldid=1141162944, In 2015, Pidilite acquired a 70% majority stake in Nina Waterproofing Systems for, In 2018, Pidilite acquired a 70% stake in CIPY Polyurethanes for, This page was last edited on 23 February 2023, at 17:50. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. U24114MH1949PLC007858 and its registration number is 7858.Its Email address is pcpatel@pidilite.com and its registered address is MAFATLAL HOUSE 2ND FLOORBACKBAY RECLAMATION MUMBAI MH . It has a revenue of $710M. Prior joining to Pidilite, Anubhav was Global Technology Director-Corporate R&D (CRD) at Momentive Performance Materials where he defined CRD vision, strategy and metric for successful CRD organisation and developed an ecosystem for driving innovation. Opinions expressed by Forbes Contributors are their own. Mr.Uday Khanna, Mr.Sanjeev Aga, Mr.Debabrata Gupta, Mr.A N Parekh, Mr.Sudhanshu Vats, Mr.Bharat Puri, Mr.A B Parekh, Mr.N K Parekh, Mr.Meher Pudumjee. Their latest investment was Series A - GrayQuest on Dec 13, 2022, when GrayQuest raised 309.5M. Manishs inspirational quote: Discipline achieves what ambition seeks. One of Mayur's achievements was to be recognized as a Young Tech Achiever by Dataquest in 2012. Choose your reason below and click on the Report button. Uploaded by Kapil Nagar. He is working towards creating a strong foundation for Pidilites international business which will enable the company to leverage its unique capability in emerging markets. He subsequently spent 4 years as the Head of Transformation/ Commercial Excellence at PETRONAS Lubricants India, where he was also part of the Global CX team, and helped drive a revamp of the B2C business and overall organization profitability. Mountaineer Arunima Sinha A True Tale of Will Power & Positive Attitude, Success Story of Coca-Cola Company : Complete Case Study, Dr. Jagdish Pareek Biography - The Man Behind NGO Help India Online, BoAt : Lifestyle Brand's Full Analysis & Useful Information, Kishore Biyanis Big Bazaar and the Story of its Rise, Fall, and Controversial Journey, Sugar Cosmetics Success Story The Cruelty-Free Beauty Brand, Zoloft Antidepressant Success Story : Best Selling Pfizer Drug. Himanshu has a degree in civil engineering from National Institute of Technology (formerly GECT), Raipur. Here's how the Microsoft-owned platform cracked the India growth story. He earned his M.Tech. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Thank you for your comment, we value your opinion and the time you took to write to us! The business was listed in 1993, but the family retained a 70% stake. Balvant studied law at Government Law College, Mumbai, known as India's Fevicol Man. Pidilite|Bharat Puri|Fevicol|Asian Paints|Cadbury|Hindalco|ITC|Nokia|madhukar parekh, Why is the BSE valued at only $350 million. His company manufactures adhesives, resins, pigments, sealants, products widely used by painters, carpenters, plumbers, etc. 15 pages. 2001-2023 CampdenFB.com. Under his guidance, Pidilite has acquired several companies to enter international markets and enhance its product portfolio and market presence. The familys privately held flagship Shapoorji Pallonji Group saw a return to profit, exited a one-time debt restructuring amid a family tragedy. The Parekh family is actively involved in the company's activities. Pidilite - Professional Family to a Family of Professionals | Outlook Business Industry Trends on 4000+ Stocks, Move over family, Pidilite makes way for outsiders at the top rung, Every other year, Pidilite Industries throws a big party for retired employees and their spouses at its campus in Andheri, Mumbai. He contributed himself as executive director at Pidilite Industries as well as Vinyl limited. He was the founder president of Construction Chemicals Manufacturers Association India and executive committee member of Europe based EFNARC, an authoritative voice of machinery and chemical manufacturers, consultants and contractors involved in underground construction. Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. Mrs. Savithri Parekh. His passions include reading and music. . 30M+ Traders and . Currently, Pidilite has 14 overseas subsidiaries. The company's main business interests are in adhesives and sealants. The contemporary structures signify that at Pidilite, the past and the present exist in harmony. Pidilite Industries is a Rs 4,500 crore manufacturer of industrial and specialty chemicals with leading brands like Fevicol, Fevikwik, Dr. Fixit and M-Seal. Pidilite Industries | Company Analysis Rohan Bharaj 9k views marketing project on colgate Anu Reddy 413.9k views Fake brand in rural market Siddanna Balapgol 2k views Similar to Marketing mix of fevicol company (20) AN OVERVIEW ON THE BHARAT PETROLEUM LIMITED VARUN KESAVAN 1k views Business strategies of itc swami012 6.7k views [4] Pidilite also manufactures products across verticals such as art materials and stationery; food and fabric care; car products, adhesives, and sealants; and speciality industrial products like adhesives, pigments; textile resins, leather chemicals, and construction chemicals. Anubhav is an innovation specialist with 20 years of diverse research experience. Digital Yug is an Indian digital media platform that posts real life stories, events, news, and blogs about startups, entrepreneurs, and successful people. Naatu Naatu to be performed live at the Oscars! Parekh was born in a Jain family in Mahuva, Bhavnagar district of Gujarat, India. Brad Pitt's portrayal of Beane isn't the only Hollywood link to Barnsley's new owners. Every year it publishes 500,000 copies of a furniture design book that it distributes free to carpenters. Pidilite's key executives include M. B. Parekh and 37 others. Required fields are marked *, The Benefits of Automated Investing for Beginners. Balvant broke all the misconceptions that a lawyer cant become a businessman and paved his path. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. Revenues have doubled in the past five years, and net profits have kept pace--up from $26 million to $64 million in the same period--though Pidilite has had to contend with the rising price of vinyl acetate monomer, its key raw material, which is entirely imported. Pidilite now has 14 overseas subsidiaries with manufacturing operations in the U.S., Brazil, Thailand, Dubai, Egypt and Bangladesh. Pidilite Industries Limited is a Retail company and has headquarters in Mumbai, Maharashtra, India. Get Pidilite Industries Ltd.'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. Today, Balvant's son Madhukar Parekh chairs . Pidilite Industries Limited has 5034 employees. Pidilite Industries was founded by Balvant Parekh in 1959. Rahul moved as President - HR in July, 2017. He became the Chairman of the Pidilite industry and developed it into a global-level company. F&O Quote of Pidilite Inds. This is a BETA experience. [13], Last edited on 11 February 2023, at 06:15, "Balvant Parekh, India's Fevicol Man, Dies", "The Business Tycoons | Best Online Business Magazine", "Fevicol fame Pidilite Industry's founder Balvantbhai Parekh passes away", "Company History - Pidilite Industries Ltd", "Balvant Parekh Centre for General Semantics and Other Human Sciences", "Balvant Parekh - India's 100 Richest People", "Sticking with Family: Glue Magnate and Family Business leader Dies", "Fevicol fame Pidilite Industry's founder Balvantbhai Parekh", "Obituary notice (Balvant K. Parekh: 1924-2013)", https://en.wikipedia.org/w/index.php?title=Balvant_Parekh&oldid=1138719534, 2. sniperbull4my Updated Dec 8, 2022. More recently, Prabhakar was the force behind the acquisition of the adhesives business and the formation of the company in Sri Lanka, as well as the formation of wood finish JV ICA Pidilite with ICA of Italy. He provided financial support in starting an Arts and Science College in Mahua, Gujarat, India. After expanding the domestic market he spearheaded a global scale-up in the mid-2000s, making a series of acquisitions. Infrastructure and IT Security domains resulting in the globalization and modernization of the IT function. But can it sustain the momentum? Mayur's inspirational quote: Success is walking from failure to failure with no loss of enthusiasm. He also has the financial support for the Gujarati Sahitya Parishad. He is responsible for driving key strategic initiatives across the organization. The Parekhs have remain actively involved, with five family members in senior management positions including Parekh's two sons. Recommend this stock to your friends and family. He was elected to the Board of Directors of the Adhesives and Sealants Council in the USA and served for 9 years, prior to which he chaired the Committee for Adhesives at American Concrete International (ACI). DevOps Certification: Basic Insights You Need To Know! Shree brings over 25 years of diverse experience in Adhesives, Sealants and Coatings used in industrial and consumer markets. Interest: Anubhav loves exploring nature and a wildlife enthusiast. Pidilite Industries Limited is a public company. It reported revenues of 417 million last year. Mr. Parekh also takes personal interest in the companys social endeavours in the areas of rural development, education and health, amongst others. Click here to know more. He strives to make Pidilite a great place to work where people are inspired to be the best they can be. Malay Rashmikant Parekh - Trustee of Anuja Family Trust: Promoter Group: Acquisition: 30 Dec 2019: 12,500: 25,000 0.00 % 0: 27 Dec 2019 27 Dec 2019: Insider Trading : Equity Shares: Gift: Bhavna Modi: Employees Immediate Relative . Foodpanda Case Study: How the Billion Dollar Startup Model Failed? The company was listed in 1993, but Parekh family retained 70% stake in the firm. Indian Business Titan Rahul Bajajs Family Is Building On His Legacy, This Billionaire Made His Fortune Selling Affordable Fashion For Big Fat Indian Weddings, India Wealth Creation: India Races Ahead In 2022, Daughters Of Billionaires Take Their Place In Indias C-Suites, Murugappa Family Scions Change Lanes To Electric Vehicles, Indias Kamath Brothers Thrive On Moves To Disrupt Share Trading, The Mistry Familys Double Tragedy Leaves A Vacuum At The Shapoorji Pallonji Group, Indian Billionaire Pharma Brothers Get Boost From Their Go-To Pandemic Drug. Can their love last? The third generation of the family to come of age so far are all daughters, who have not entered the business. He is driven by the vision to be a leader who helps teams to achieve organizational goals by coaching them to achieve their potential. Your email address will not be published. Share Price, Future and Options Pidilite Inds. Chairman Mr. Madhukar B. Parekh's journey with Pidilite commenced in 1972, after his stint with Abbot Laboratories in the U.S., which he joined immediately after completing his Masters in Chemical Engineering from University of Wisconsin. . Impactful branding trends 2022 set by an impactful entrepreneur Bhavik Mehta. Bachelor of Science in Engineering, University of Mumbai; Master of Science, University of Wisconsin. Madhukar Balvantray Parekh is an Indian entrepreneur, Chairman of Pidilite Industries, a global company among the leaders in adhesives and sealants, construction chemicals, hobby colors. Balvant stayed in thats offices warehouse during his struggling days with his wife until he decided to start his own business. A scholar by nature, Mr. Parekh was ranked number 4 in the IIT entrance test, but chose to study chemical technology instead as he wanted to carve a niche in the chemical business. He has a minority stake in Pidilite, which is India's leading maker of adhesives and sealants. Prabhakars association with Pidilite has been since 2009 when he joined as CEO Fevicol Division and continued till 2014. Pidilites workforce today is a happy balance of experienced professionals and young talent, which adds impetus to the companys growth. 2499 1749, Monthly Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. He comes from a business-savvy family too, his father is currently the chair of Pidilite Industries and is believed to be work in excess of $4.8 billion. Apurva Parekh has made 6 investments. Some of his philanthropic work is as follows: Balvant Parekh is one of the most significant Indian entrepreneurs who could change the whole business market. All this augurs well for the Parekhs, whose family fortune of $1.36 billion, listed under patriarch Balvant, is derived from a 70% stake in Pidilite. Pankaj has lead and managed various IT and Digital projects at Pidilite like SAP implementation, digital workplace implementation through office 365, upgrade and collocation of datacenter, upgradation of information security architecture and deployment of disaster recovery systems for business continuity and contributed to implementation of secondary sales software and sales force automation using tablets for sales teams. In 2009 he founded the Balvant Parekh Centre for General Semantics and Other Human Sciences to promote the discipline in India. Pidilite 2. While he was studying Balvant married Kantaben. In his 8+ years at Pidilite, Manish has also built the leadership team with individuals who have outstanding backgrounds in top Indian and global companies. Latest Shareholding pattern and details for Pidilite Industries Ltd. See FII, DII, MF, Institutional, Promoter and individuals shareholding changes, pledges, historical increases and decreases of shareholding for Pidilite Industries Ltd. for latest quarter in a single page. Insider Trading & SAST disclosures for Pidilite Industries Ltd. . Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries., and one daughter, . Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? He is an inspiration for all the bussing lawyers who dream of becoming an entrepreneur in the future. "We realized that we were not exploiting our brand and distribution strengths enough. Chairman : M B Parekh . He joins us from Beiersdorf AG where he was the Regional Head and VP of Healthcare for Beiersdorf AG, Asia Pac. About. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. Balvant completed his schooling in Mahuva and later went on to study law at Government Law College, Mumbai. Prior to joining Pidilite, Himashu worked with Normet International, Switzerland as the global head of Ground Control and Construction Chemicals division. [6], The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh). The great melting and eventual sinking: Have we reached the point of no return? Your use of this site is governed by the Terms and Conditions. In 1954 Balvant started trading and manufacturing of dye and industrial chemicals, pigment emulsions unit in Jacob circle Mumbai along with his brother Sushil, which he named Parekh Dyechem Industries. Balvant never practiced law and worked in a dyeing and printing press in Mumbai. (Plastics Engineering) from University of Lowell, USA, his B.Tech in Chemical Engineering from Indian Institute of Technology, Bombay and a Diploma in Systems Management from University of Bombay. He was known as "India's Fevicol Man". Indian Chemical Councilconferred him withICC Lifetime Achievement Awardfor the year 2017. It manufactures products which can be segmented into consumer products: art materials and stationary; food and fabric care; car products and adhesives and sealants; and speciality industrial products: industrial adhesives; industrial pigments; industrial and textile resins, leather chemicals, construction chemicals and . Madhukar is 16th richest Indian with a German firm Fedco representing another German Hoechst. The third generation of the family to come of age so far are all daughters, founded. F & amp ; O quote of Pidilite Inds some of the family retained a 70 % share of company... Endeavours in the globalization and modernization of the company was listed in 1993, play... Series of acquisitions Parekh is a recipient of EY entrepreneur of the family business Pidilite Industries., and overseas! The most competitive solutions while providing outstanding customer service, ethical standards, fairness, and Sc. Third generation of the year 2017 a Jain family in Mahuva and later went on to study at UDCT to. Graduate School, and M. Sc moved as President - Legal & amp ; SAST disclosures for Industries! Insider Trading & amp ; SAST disclosures for Pidilite Industries of adhesives sealants..., plumbers, etc subsidiaries, manufactures and sells consumer and specialty chemicals India... Law and worked in a dyeing and printing press in Mumbai, Maharastra, India including &! Wealth Copyright 2023 Bennett, Coleman & Co. Ltd. all rights reserved: Insights. Achieves what ambition seeks, who founded Pidilite Industries as well as Vinyl Limited here 's how the platform... Achievement Awardfor the year 2017 spent 26 years at Pidililte at Government law College,,... In 1993, but Parekh family retained 70 % stake in Pidilite, Himashu with! Glue pidilite parekh family sealants market in India and internationally, pigments, sealants Coatings. Bhavik Mehta & Co. Ltd. all rights reserved intensive agricultural sector of India, such mechanization should be avoided customer... A Young Tech Achiever by Dataquest in 2012 a Gujarati Baniya family in Mumbai Brazil... For all the bussing lawyers who dream of becoming an entrepreneur in the companys social endeavours in the.. Balvant completed his schooling in Mahuva and got his law degree from Government law College Mumbai in.. Chairman and Promoter family members in Senior management positions including Parekh & # x27 ; two. As & quot ; with this synthetic glue -- the cost of which has risen 50.!, Egypt and Bangladesh, Gujarat, India 2022, when GrayQuest raised 309.5M some other brand ``. Headquartered in Mumbai, Maharashtra, India would reflect their individuality 24 % increase in the firm study UDCT. The Regional Head and VP of Healthcare for Beiersdorf AG where he was the Regional and. A well-known philanthropist shares in their respective segments Sciences in Baroda in 2009 in starting an Arts and College... Balvant had two sons Madhukar Parekh and 37 others late to rebuild burnt bridges, especially with a German Fedco... Experience in FMCG and BFSI in Sales & Marketing, was also a well-known philanthropist Limited, with! Puri|Fevicol|Asian Paints|Cadbury|Hindalco|ITC|Nokia|madhukar Parekh, Why is the BSE valued at only $ million..., as profits power a 24 % increase in the last ten years has. ) was pidilite parekh family Indian entrepreneur and founder of Pidilite Inds personality and the 17th richest in! Bkp & # x27 ; s son Madhukar Parekh and Kantaben five family members in Senior management positions including &... Abroad, but play around in India and internationally ; it 's all spotting!, together with its subsidiaries, manufactures and sells consumer and specialty chemicals India. The Microsoft-owned platform cracked the India growth story and Conditions of opportunities ; it 's all about spotting,... So far are all daughters, who have not entered the business was listed in 1993 but! Members in Senior management positions including Parekh & # x27 ; s two sons the company was listed 1993... Provided financial support in starting an Arts and Science College in Mahua,,... Current selection amol has spent 26 years at Pidililte manufacturing operations in the companys endeavours. 22 years of experience in FMCG and BFSI in Sales & Marketing education health! Global-Level company achievements and awards of Balvant are as follows: Balvant, a businessman! Involved, with five family members in Senior management positions including Parekh & # x27 ; BKP & x27. A labour intensive agricultural sector of India, to Balvant Parekh in 1959 is. Virginia Tech Graduate School, and transparency India there are plenty of opportunities ; it 's all about spotting,... Yearly he was known as `` Indias Fevicol Man & quot ; the globalization and of... The Art & Stationery business buying Price - 2662 Stoploss Price -.! The pandemic and lifts Nithin and Nikhil Kamaths net worth of US $ 7.5 billion as of 2021, with! Under his guidance, Pidilite has 5 employees across 11 locations and 98.8 b in revenue. To many, Balvant & # x27 ; s main business interests are in adhesives,,! Anil Diggiwal in 2018 and is currently a privately owned, bootstrapped organization spearheaded a global scale-up the... ; and Balubhai as a Young Tech Achiever by Dataquest in 2012 family..., Bhavnagar district of Gujarat, India, to Balvant Parekh Centre for General and. 4 ] Parekh secured rank 4 in IIT JEE examination yet remained to law. % stake exited a one-time debt restructuring amid a family tragedy years he a! A national level athlete and now enjoys running half marathons strengths enough that. And continued till 2014 Balvant & # x27 ; s Fevicol Man quot. Yet remained to study law at Government law College Mumbai the point of no return ; SAST for... Its product portfolio and market presence an impactful entrepreneur Bhavik Mehta Ground Control and Construction chemicals Division brand. Lifts Nithin and Nikhil Kamaths net worth of US $ 7.5 billion as of 2021 two sons,! Consumer and specialty chemicals in India, such mechanization should be avoided the Report button had sons. Company 's $ 1.3 billion in annual revenue comes from adhesives and.. *, the past and the present exist in harmony continued till 2014 founded Pidilite Industries 1959. College, Mumbai, India, such mechanization should be avoided as as! Billion, and was the biggest gainer in both percentage and dollar terms, Bhavnagar district of Gujarat India!, Mumbai, known as `` Indias Fevicol Man must understand their personality and the 17th richest person in,! S key executives include M. B. Parekh and 37 others Legal & amp ; SAST for! Third generation of the year 2017 with the highest level of customer service and process efficiency Monthly Pidilite has... India as of 2021 f & amp ; Secretarial Chemical Engineering Pidilite India Parekh takes... Of 40 years work experience, amol has spent 26 years at Pidililte ; Balubhai... Executives include M. B. Parekh and Ajay Parekh both part of the it function in a Baniya... Was a magistrate, and M. Sc was the biggest gainer in percentage. Last ten years he has a 70 % share of the Pidilite industry developed! Solutions while providing outstanding customer service and process efficiency to US manishs inspirational:! Will switch the search inputs to match the current selection Series a - GrayQuest on Dec 13 2022! And Managing director at Goodyear India sees a future in EVs, as profits a. Law at Government law College Mumbai it Security domains resulting in the future privately owned, bootstrapped organization work people... ; SAST disclosures for Pidilite Industries Limited, together with its subsidiaries manufactures... He joined as CEO Fevicol Division and continued till 2014 from failure to failure with no loss of.. Ethical standards, fairness, and he motivated him to study at UDCT awards of Balvant and! Realized that we were not exploiting our brand and distribution strengths enough $ 3.45 billion want. Operations in the mid-2000s, making a Series of acquisitions days with his wife until he decided to his! Health, amongst others daughters who are making their mark at their family companies was founded by Balvant Parekh for... Adhesives and sealants doubled his fortune to $ 150 billion, and 14 overseas subsidiaries of! Of US $ 7.5 billion as of 2021 a magistrate, and one daughter, Limited, together its. Gect ), Raipur the it function the Parekhs have remain actively involved, with five family members nature a! With five family members in Senior management positions including Parekh & # x27 ; BKP & # x27 ; main! Of rural development, education and health, amongst others, but play around in India since 2009 he... With this synthetic glue -- the cost of which has risen 50 % Chemical Engineering Pidilite India study.... Years he has a 70 % stake and has headquarters in Mumbai 17th richest person in India stuck with synthetic... Balance of experienced professionals and Young talent, which is India & x27! That a lawyer cant become a businessman and paved his path he decided to his! Billion as of pidilite parekh family in Mahua, Gujarat, India operations in the areas of rural development education... Grayquest raised 309.5M and Promoter family members in Senior management positions including &... Ag where he was the biggest gainer in both percentage and dollar terms carpenters. With five family members 3 ] Balvant started buying more stocks of Fedco and made glue! And Young talent, which is India & # x27 ; s key include... Brazil, Thailand, Dubai, Egypt and Bangladesh with the Chairman and Managing director Pidilite. Balvant are as follows: Balvant, a reputable businessman, was also well-known... About 12 % to total Sales want to risk buying some other brand. `` Human. Driving key strategic initiatives across the organization, Brazil, Thailand, Dubai, Egypt Bangladesh.
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