The previous year in October, he was ranked Number 45 on Forbes Asia's India Rich List with a family fortune of $1.36 billion. . In 1954 on invitation from the managing director of Hoechst Balvant went to Germany for a month. Pidilite Industries Limited specialises in retail. Apart from business management he has also managed strategy, M&A and R&D functions. At Pidilite, the entrepreneurial spirit is seen across all levels, with individuals going beyond the call of duty to bring to life ideas they are proud to hone and own. The company is the dominant and leading adhesives company in India. Balvantray Kalyanji Parekh (1925 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. 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. sniperbull4my Updated Dec 8, 2022. With Pidilite since Jan 2019, Mayur has over 22 years of experience across the consulting, IT, consumer goods and pharmaceutical domains. Investors, Sanjiv Bajaj aur COVID-19. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. Mayur's inspirational quote: Success is walking from failure to failure with no loss of enthusiasm. In a labour intensive agricultural sector of India, such mechanization should be avoided. 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. Pidilite Industries Limited has 5034 employees. Market Research. His eldest son, Madhukar, Parekh and his family own a majority stake in the company, which was founded by his late father Balvant Parekh in 1959. COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mayank Kale and Amrit Singh's Loop is filling the gaps in health insurance. Your email address will not be published. Balvant studied law at Government Law College, Mumbai, known as India's Fevicol Man. He has been involved with establishing Pidilites flagship offering in handicraft segment Fevicryl Fabric Glue in India and neighbouring SAARC markets. The Parekhs have remain actively involved, with five family members in senior management positions including Parekh's two sons. In fact, search trends for "remote work jobs" and "work from home Rahul moved as President - HR in July, 2017. Birlas textiles-to-cement conglomerate, Aditya Birla group, is the new challenger in Indias paints industry, even as it faces a serious competitor in its cement stronghold. His eldest son, Madhukar, is the present chairman of Pidilite Industries. For this, he worked very closely with the Chairman and Promoter family members. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. Soaring sales of paracetamol brand Dolo-650 propelled Dilip and Anand Suranas combined net worth to $3.25 billion. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 Madhukar joined the business in 1971 after studying chemical engineering at the University of Wisconsin and a two-year stint at Abbott Labs. Further, the cap 101 comprises a cavity 102. The independent art consultant helps people build, archive and document their collection. Share via Facebook [12], Balvant died on 25 January 2013 at the age of 88. The significant development and shaping of premium PWG brands like Marine and Speedex. He donated INR 20 million for Bhavnagars Science city project and also donated to Gujarati Sahitya Parishad. Manishs inspirational quote: Discipline achieves what ambition seeks. Its award-winning TV commercials--one shows a hen laying an unbreakable egg after it was fed from a can of Fevicol--have made it virtually a household name, familiar to not only carpenters but just about everyone. click here! 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. India's Fevicol Man, Balvant Parekh; How a freedom fighter, peon became billion dollar Pidilite Founder: - Summary of the Gallery Large sofa sets and leisurely shutting elevators visibly conceal the power of a Rs.6,062 crore company and the success of its key brands such as Fevicol, Fevistik and M-Seal. How far did Baba Ramdev stretch to bag Ruchi Soya? She was a national level athlete and now enjoys running half marathons. [6][7], Balvant had served as the Chairman of Vinyl Chemicals India and the founder Chairman of Pidilite Industries. The company was founded by Balvantray Kalyanji Parekh in 1959 and is headquartered in Mumbai, India. Low key entrepreneur Ravi Modi spins $3.75 billion fortune out of his traditional Indian wear fashion brand Vedant Fashions, amid a rising trend to sport ethnic clothing for special events and as post-Covid environment stokes desire to party. Announced Date Father and son Kapil and Rahul Bhatia move down to No. These were being imported at the time, and the brothers figured they would have a ready market if they could make a cheaper product locally. About. His grandfather was a magistrate, and he motivated him to study law. 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. Forbes India had placed him 45th on its annual rich list rankings, This page was last edited on 11 February 2023, at 06:15. Continuing the focus on product and brand innovation, under his leadership, Pidilite has clearly differentiated itself from competition in this otherwise generic market. Ambuja Cements Case Study The Billion-Dollar Cement Manufacturing Company, CodeChef Startup Story - Promising Online Platform for Programmers, Arihant Mehta raises the bar for others as a confident knowledgeable, and dynamic young entrepreneur. He provided financial support in starting an Arts and Science College in Mahua, Gujarat, India. Parekh was born in a Jain family in Mahuva, Bhavnagar district of Gujarat, India. 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. 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. Gujurati Edition March 1999, English Edition March 2005. Pidilite has 5 employees across 11 locations and 98.8 b in annual revenue in FY 2022. The third generation of the family to come of age so far are all daughters, who have not entered the business. The familys privately held flagship Shapoorji Pallonji Group saw a return to profit, exited a one-time debt restructuring amid a family tragedy. and 34; others. Interestingly, 4-5 of us friends studying together for Inter-science were all among the top 10. What's the Pacific Media Group? This story appears in the November 4, 2012 issue of Forbes Asia. Maithili Parekh holds a job profile that is still in its nascent stages in India. Rahul started his career in ITC Limited where he spent nine years across various roles and businesses. Includes DocuBay and TimesPrime Membership. Currently, Pidilite has 14 overseas subsidiaries. [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. The company's main business interests are in adhesives and sealants. Brad Pitt's portrayal of Beane isn't the only Hollywood link to Barnsley's new owners. What Should You Do Before Investing in Share Market, Life taught me Marketing and Entrepreneurship. - Kiran Gadakh, Spiraling their way to the top in the apparel industry is TANTUVANA, Taking the world of Sports Commentary to next level is an ace professional Roshan Ramesh Shetty, Adil Qadri, with his unique brand Adilqadri, creates ripples of growth in the online business world, Surabhi Tiwari - Success Story of Young Girl in the Entertainment Industry, Learn to be Grateful after Difficulties: Muniba Mazari Story, Preeti Chhipa Life Story: Woman Entrepreneur & Philanthropist. He too worked as an Independent non-executive of director of Excel Industries Limited. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 15 pages. Pankajs inspirational quote: We must sail sometimes with the wind and sometimes against it but sail we must and not drift, nor lie at anchor. I most recently worked at Dyson as a Marketing Project Specialist with a focus on retail media planning and e . A flagship product of $614 million (revenues) Pidilite Industries, Fevicol is the largest-selling adhesive in India, commanding a nearly 70% market share in the white glue segment. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? Balvant Parekh Balvant Parekh. Pidilite Industries Limited is a Retail company and has headquarters in Mumbai, Maharashtra, India. 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. More news. Tactics without strategy is the noise before defeat." 30M+ Traders and . 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. He is responsible for building environments that foster creativity and timeliness while driving excellence in the cycle time of new product development to market. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. Opinions expressed by Forbes Contributors are their own. 38 on the list of Indias 100 richest. Rahul is a Post Graduate from IIM - Bangalore and B.Tech from IIT-ISMU. Can their love last? To celebrate the occasion of Mr. Parekh's 75th birthday. 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 . 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. Remote work is not going away, despite recent headlines suggesting a return to the office. [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. Pidilite - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. Balvantray Kalyanji Parekh (1925 - 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. The Parekh family is actively involved in the company's activities. Prashant joined Pidilite in Aug, 2019. Foodpanda Case Study: How the Billion Dollar Startup Model Failed? 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. Who is Neerav Parekh? 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. Adani doubled his fortune to $150 billion, and was the biggest gainer in both percentage and dollar terms. He also has the financial support for the Gujarati Sahitya Parishad. Apurva Parekh has made 6 investments. This is a BETA experience. Related by financial asset: Pidilite Industries. Fevicol Champion Club Reward Program 2. Savithri has over 26 years' experience in multiple jurisdictions overseas and has worked in many fields such as Outsourcing services, Private Equity Fund of the Future Group, Media House (publishers of Business World, Telegraph . 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. Your Reason has been Reported to the admin. Impactful branding trends 2022 set by an impactful entrepreneur Bhavik Mehta. Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. Overseas revenues contribute about 12% to total sales. "We realized that we were not exploiting our brand and distribution strengths enough. Shree brings over 25 years of diverse experience in Adhesives, Sealants and Coatings used in industrial and consumer markets. 19 59 Founded by Balvant Kalyanji Parekh 19 92 [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. It also markets and manufactures WD-40 in India. Unlock your 30 days free access to ETPrime now. He was known as "Indias Fevicol Man".[1]. Balvant, who remains chairman, started out as a small trader in specialty chemicals in 1954. 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). He not only steered the company to become the market leader in the adhesives and sealants segment in India, but has also taken the legacy overseas, towards making Pidilite a true Indian MNC. He changed job as a peon in a wood traders office where he used to stay in the warehouse along with his wife. Rahul joined Pidilite in 2010 as the President Sales and Marketing for the Art & Stationery Business. Physics, Electronics from Mumbai University. M.B. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. Kripal is happy to pay more, because "when I use Fevicol I don't get any complaints on the woodwork," he says. Pay up abroad, but play around in India. He is a Gold medallist alumnus of the Institute of Chemical Technology (ICT), formerly the University Department of Chemical Technology (UDCT), a premier chemical technology research institute in India. Pidilite holds its own by wooing its core customer--the carpenter--through hosting annual meets and Fevicol champion clubs. Pidilite's range of products includes construction chemicals, art materials and organic pigments. Madhukar Parekh was born in 1946 and completed his engineering studies at the University of Mumbai and Masters from the University of Wisconsin. It reported revenues of 417 million last year. Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. 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. He uses it for everything he makes--from tables to doors to beds. Innovation can't be like Brownian motion: Ashish Khushu, CTO, LTTS, Padcare Labs: Solving sanitary napkins disposal conundrum, one bin-full at a time, Rohan Verma at MapMyIndia on the consumer hardware opportunity in navigation and connected vehicles, Glamping the great outdoors in uber luxury, From Allcargo's puzzle to Ronnie Screwvala's leadership mantras, here are our most-read stories of the week, Pidilite's Madhukar Parekh: Glued to growth. 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[5], Pidilite markets the Fevicol range of adhesives. 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. Apurva parekh trustee of nkp family trust 0.79 4,000,000- Indian . Amol is a BSc. Digital Yug is an Indian digital media platform that posts real life stories, events, news, and blogs about startups, entrepreneurs, and successful people. Date of Death - 25 January 2013 (aged 87-88 years), Place of Death Mumbai, Maharashtra, India, Profession - Lawyer, Entrepreneur, Businessman, Alma Mater - Government Law College, Mumbai, Designation - Founder of Pidilite Industries, Children Madukar Parekh, Ajay Parekh, Kalpana Parekh, 45th Rank in Indias Top 50 Rich People By Forbes India Magazine, 2012. Before joining Goodyear, Prabhakar has worked with Madura Coats, Asian Paints and ICI Plc in India and overseas. Madhukar Parekh and family (70%) Number of employees. This button displays the currently selected search type. Chief Business Officer Large User Business and Services. News, Videos, Stock . Balvant also founded Balvant Parekh Centre for General Semantics & Other Human Sciences Baroda, Gujarat, 2009. Balvant also donated INR 20 million for Bhavnagars Science City. At ICI Plc, he managed the paints business of the company in Indonesia, Singapore and Thailand and led senior global functional roles in strategy and strategic procurement based in Europe. In his consulting stint at Monitor Deloitte for over 8 years, he worked with C-suite leaders at Indian and global organizations across a range of B2C and B2B industries. The opportunity to work with unique brands attracts a diverse pool of talent who are interested to work across B2B and B2C market segments. He also serves as an Executive Director of Pidilite Industries and Vinyl Chemicals India Ltd.[11], Last edited on 12 February 2023, at 05:17, University Department of Chemical Technology, "Madhukar Parekh's Pidilite Industries Earns His Family $1.36 Billion", "Madhukar Parekh Of Pidilite Is Moving From Strength To Strength", "The winners of the Entrepreneur Of The Year 2014 awards", https://en.wikipedia.org/w/index.php?title=Madhukar_Parekh&oldid=1138887903, Ranked 13 on Business Today Top 25 business leaders in India 2012, Chemtech Business leader of the Year 2013, EY Entrepreneur of the year - Consumer products 2014, This page was last edited on 12 February 2023, at 05:17. COMPANY PROFILE Pidilite - established as a partnership firm Parekh Dyechem Industries in 1959 Started by three brothers -Mr. B K Parekh, SK Parekh and H K Parekh Name changed to PDI Industries after merger with Kondivita Industries in 1984 Merged with Pidilite Industries in 1989 - Merged name changed to Pidilite Industries Launched Fevicol Brand in 1959 Pidilite's mainstay of .