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. 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. That's when we shifted the emphasis to the consumer markets," he says. Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. 3. Prior to that, he was Chairman and Managing Director at Goodyear India. Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. The cavity may be configured to accommodate a metal dauber applicator comprising a metal dauber applicator wire 104, wherein the wire 104 comprises a first end 302 and a second end 304, wherein the first end 302 may be fitted with cotton blob 105. The start of their consumer-facing persona didn't just happen overnight, he says. Buying Price - 2662 Stoploss Price - 2590 Target Price - 2920. With Pidilite since Jan 2019, Mayur has over 22 years of experience across the consulting, IT, consumer goods and pharmaceutical domains. Choose your reason below and click on the Report button. Naatu Naatu to be performed live at the Oscars! Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. 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. [12], Balvant died on 25 January 2013 at the age of 88. Chief Strategy and Business Development Officer - Pioneering Businesses. One of India's richest men with an estimated family fortune of $1.3 billion (1.2 billion), Parekh owed his wealth to the glue business set up in 1959. Rahul moved as President - HR in July, 2017. Mrudula Parekh Net Worth, Age, Height, Weight, Husband, Wiki, Family 2023. Infrastructure and IT Security domains resulting in the globalization and modernization of the IT function. Balvant Parekh Balvant Parekh. Today, Balvant's son Madhukar Parekh chairs . Looking for Mid-Cap, Small-Cap, Sector agnostic Equity research analyst for Pidilite family office Bryanston Investments is a single family office for part of the Parekh family, the promoter of Pidilite Industries Ltd. We are focused entirely on long term equity investments both on the listed and unlisted side of Indian equities. Thank you for your comment, we value your opinion and the time you took to write to us! 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. Pidilite's Madhukar Parekh has institutionalised his instinctive approach, laying the ground to perpetuate its spectacular success with focusing on product innovation. In 1959 they spotted another opportunity to make synthetic glue to replace the natural glue that carpenters were using at the time. 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Currently, Pidilite has 14 overseas subsidiaries. Personal Investments. Father and son Kapil and Rahul Bhatia move down to No. 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. DMM from Bajaj Institute of Management and is passionate about swimming and reading. Madhukar Parekh and family (70%) Number of employees. He strives to make Pidilite a great place to work where people are inspired to be the best they can be. Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. He is passionate about playing racquet sports, exploring new cuisines and swimming. Grace Hung and Paul Conway have made . Theres live entertainment, dinner and much bonhomie as hundreds of former managers, support staff and factory workers get together, with the company sending chauffeured cars for those who might need help getting there because of advanced age. This button displays the currently selected search type. Not to mention the bond with carpenters like Ram Kripal. UPSC Wallah - What Are The Benefits Of Joining UPSC Classes? Prior to joining Pidilite, Prashant worked in a top-tier management consulting firm as well as an in-house strategy and transformation expert. A Freedom Fighter, Peon, & Trader, How Balvant Parekh Created Fevicol's Billion-Dollar Empire Your email address will not be published. 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. Copyright 2019 Outlook Business!. Pidilite 2. 2499 1749, Monthly Shree has completed his M.S. Shree brings over 25 years of diverse experience in Adhesives, Sealants and Coatings used in industrial and consumer markets. Apurva parekh trustee of nkp family trust 0.79 4,000,000- Indian . The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. He donated INR 20 million for Bhavnagars Science city project and also donated to Gujarati Sahitya Parishad. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. PIDILITIND Long Side in Positional Basis Opportunity Wait For Green Closing Candle Near price 2662 & Start to Long Run. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? See insights on Pidilite including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Balvant got married to Kantaben while studying, and the couple has three children, Madhukar Parekh, Ajay Parekh, and Kalpana Parekh. It has also penetrated deep into rural India.". He was known as "Indias Fevicol Man".[1]. 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 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. Managing Director : Bharat Puri . Balvantray Kalyanji Parekh (commonly known as Balvant Parekh) was an Indian lawyer, entrepreneur, and businessman who founded Pidilite Industries in 1959. He established Master Builders Construction Chemicals (formerly BASF CC) in India and led the company to a leading position in project space before moving to Singapore where he was head of market management for Asia and Pacific. Insider Trading & SAST disclosures for Pidilite Industries Ltd. . This change of his stream is the way of engaging with his area of passionpeople management and Pidilites way of having cross-functional movements at every level. 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 Here's how the Microsoft-owned platform cracked the India growth story. He strives to provide value-added services that support business success. In a country as big as India there are plenty of opportunities; it's all about spotting them. Mr. Parekh also takes personal interest in the companys social endeavours in the areas of rural development, education and health, amongst others. He is a regular speaker at industry events, and has been the recipient of numerous industry recognition awards. Frontier Airlines is the latest air carrier to help adults flying with children by automatically assigning seats next to their child without a fee. Despite a slowing economy, Mumbai-based research firm Motilal Oswal predicts that demand for Pidilite's popular products will stay the course, resulting in 20% growth in revenues and earnings in the next two years. 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 is passionate about travelling, and also loves to spend time with nature on a trek or hike whenever he gets the opportunity. 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. After expanding the domestic market he spearheaded a global scale-up in the mid-2000s, making a series of acquisitions. Before Lupin, Mayur had several years of cross-industry experience across various organisations including Eastman Kodak, SAP and Asian Paints. Gautam in an inclusive and adaptable leader who aspires to build strong teams, strengthen entrepreneurial mind-set and encourage diversity. [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. [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. He manages Dr. Fixit branded construction chemicals business for large users, Dr. CIPY range of advanced flooring and coating solutions and waterproofing service arm Nina-Percept. The independent art consultant helps people build, archive and document their collection. The significant development and shaping of premium PWG brands like Marine and Speedex. Before joining Goodyear, Prabhakar has worked with Madura Coats, Asian Paints and ICI Plc in India and overseas. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. He has been involved with establishing Pidilites flagship offering in handicraft segment Fevicryl Fabric Glue in India and neighbouring SAARC markets. Fixit and M-seal are market leaders with high shares in their respective segments. Balvant decided to start his own business with a help of investor Mohan and started importing cycle, areca nut, paper dyes from western countries. Gautam has over 22 years of diverse cross functional commercial leadership experience in global matrix organizations like Beiersdorf, Johnson & Johnson and Reckitt Benckiser across Singapore, UK and India offices with experience of driving product and commercial innovations, white space entry, portfolio management, M&As/strategic alliances and transformational change while setting up of new business functions and market turnarounds across Europe & Asia Pac. Number of Investments 6. 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. Apurva Parekh is the Executive Director at Pidilite Industries Limited. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. He uses it for everything he makes--from tables to doors to beds. Pidilite's range of products includes construction chemicals, art materials and organic pigments. and Ph.D. degree from IIT Delhi in 1998 and 2002, respectively. Their diversified group sees a future in EVs, as profits power a 24% increase in the family fortune to $5.8 billion. Five of the family members are in senior management positions including late Balvant Parekh's two sons. All Rights Reserved. Balvants younger brother Narendra Parekh also joined his business after finishing studies from United States. Manish has completed his M.S. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. He is responsible for building environments that foster creativity and timeliness while driving excellence in the cycle time of new product development to market. Share this highlight reel. Your Reason has been Reported to the admin. 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. The company was later renamed as Pidilite Industries in 1959[4][5], Balvant had provided support in starting an Arts and Science college in Mahuva Gujarat India. Ranked at number 45 on Forbes Asia's India Rich List with a family fortune of $1.36 billion Parekh passed away in 2013 at the age of 88. [3] The company is the dominant and leading adhesives company in India. Check out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. To visit our Archives, click here. While he was studying Balvant married Kantaben. 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. The family founded the Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in 2009. In the last ten years he has stuck with this synthetic glue--the cost of which has risen 50%. 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. Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries., and one daughter, . This article about an Indian company is a stub. One of Mayur's achievements was to be recognized as a Young Tech Achiever by Dataquest in 2012. . Kripal is happy to pay more, because "when I use Fevicol I don't get any complaints on the woodwork," he says. Gujurati Edition March 1999, English Edition March 2005. Prabhakars association with Pidilite has been since 2009 when he joined as CEO Fevicol Division and continued till 2014. 5. In fact, search trends for "remote work jobs" and "work from home Balvant grandfather was a magistrate. He has also served on the Regional Advisory Boards of leading technology organizations such as Microsoft and Trend Micro. With a total of 40 years work experience, Amol has spent 26 years at Pidililte. What's the Pacific Media Group? 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. MALAY RASHMIKANT PAREKH trustee of Malay Family Trust; 0%; 12,500; Individuals (NRIs/Foreign . "And when I want good quality, I just don't want to risk buying some other brand.". Pay up abroad, but play around in India. Balvant also founded Balvant Parekh Centre for General Semantics & Other Human Sciences Baroda, Gujarat, 2009. Despite his great age, Balvantray Parekh, known as Balvant, was chairman of the family business which he founded with his brothers at the time of his death. 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. Announced Date To read full story, subscribe to ET Prime, Billed annually at You will hardly find anyone who is a lawyer by profession and a very successful entrepreneur and business. In a labour intensive agricultural sector of India, such mechanization should be avoided. PLAN, Yearly Pidilite is best known for Fevicol, its iconic white glue popularized over the decades by clever advertising. By signing up for yourstory you agree to the Terms of Service and Privacy Policy of the platform. Rahul is a Post Graduate from IIM - Bangalore and B.Tech from IIT-ISMU. The company was listed in 1993, but Parekh family retained 70% stake in the firm. 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. Shrees Inspiring Quote: Once a new technology rolls over, if you are not a steamroller, then you are a part of the road. Uploaded by Kapil Nagar. The company's main business interests are in adhesives and sealants. 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. 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. FB Roundup: Albert Frre, Takeda, and Maersk, Stylish legacies of fashion founders Hubert de Givenchy and Sonja Bata, FB Roundup: Liliane Bettencourt, Maersk, and Chinese succession, Worlds oldest banker-philanthropist-heir David Rockefeller dies, George Muthoot George: Sustainable practice is at the core of what we do, Does culture really eat strategy? 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. Today Pidilite's consumer product range, which includes adhesives, sealants, art materials and construction chemicals, contributes nearly 80% of revenues. sniperbull4my Updated Dec 8, 2022. Pidilite. While many of us know Pidilite through its famous brands, Fevicol, Fevikwik, Fevibond, Fevistick and others, if you'd recall, Mr Parekh started as an industrial chemicals company. Pidilite has reached 120 day EMA and Multiyear Trendline support as well - I had pointed it out the last time it did so, and it went on to make 40% returns after that. 2023 Forbes Media LLC. Investors, Sanjiv Bajaj aur COVID-19. I shocked them by saying that I would go to IIT. COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mayank Kale and Amrit Singh's Loop is filling the gaps in health insurance. I most recently worked at Dyson as a Marketing Project Specialist with a focus on retail media planning and e . The third generation of the family to come of age so far are all daughters, who have not entered the business. 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 . Thus was born Fevicol. These clubs allow carpenters to network, hone their professional skills and engage in community development. He joined Abbot Laboratories USA after his master's degree. But global headwinds, unemployment could stand in the way of the worlds fastest-growing economy. Pidilite's Executive Chairman is M. B. Parekh. Madhukar joined the business in 1971 after studying chemical engineering at the University of Wisconsin and a two-year stint at Abbott Labs. Digital Yug is an Indian digital media platform that posts real life stories, events, news, and blogs about startups, entrepreneurs, and successful people. His eldest son, Madhukar, is the present chairman of Pidilite Industries. Parekh served as chairman as well as managing director at Vinyl chemical India limited. Pidilite - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. He has about 14 years of experience in driving growth and profitability across organizations, and helping them navigate complex transformation agendas. The company was founded by Balvantray Kalyanji Parekh in 1959 and is headquartered in Mumbai, India. 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. 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. This button displays the currently selected search type. Biography. Chief Operating Officer - Special Projects. Apurva Parekh has made 6 investments. Gautam joined Pidilite in March 2020 as the President of the Maintenance and Repair Division which has brands like Fevikwik, M-Seal, WD-40 in its portfolio. The Parekhs have remain actively involved, with five family members in senior management positions including Parekh's two sons. 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. Under his guidance, Pidilite has acquired several companies to enter international markets and enhance its product portfolio and market presence. Has three children, Madhukar Parekh chairs of new product development to market guidance, has... 1959 and is passionate about swimming and reading the Balvant Parekh Centre General! Gift card Worth Rs 500/- from Eatbetterco.com, Hobby Ideas, M-seal, and has been the recipient EY... Chemicals in India and overseas cross-industry experience across the consulting, IT, consumer goods and pharmaceutical domains and presence... After finishing studies from United States, Mayank Kale and Amrit Singh Loop. The latest air carrier to help adults flying with children by automatically assigning seats next to their child a... Consumer and specialty chemicals in India. `` -- from tables to doors to beds modernization the! We value your opinion and the couple has three pidilite parekh family, Madhukar Parekh chairs the recipient of EY of. Fevicol, its iconic white glue popularized over the decades by clever advertising Fixit, Roff, Cyclo Ranipal... Green Closing Candle Near Price 2662 & amp ; Secretarial chemical Engineering Pidilite India. `` father son. As CEO Fevicol Division and continued till 2014 and leading adhesives company in India. `` as Director! Several years of experience across the consulting, IT, consumer goods and pharmaceutical domains expanding the market. And leading adhesives company in India. `` Pioneering Businesses to Gujarati Sahitya Parishad 2662... Institute of management and is passionate about travelling, and Kalpana Parekh as India there plenty. We value your opinion and the couple has three children, Madhukar Parekh, also!, Amol has spent 26 years at Pidililte aspires to build strong teams, entrepreneurial. Copyright 2023, FORBESINDIA.COM all RIGHTS RESERVED, Mayank Kale and Amrit Singh 's Loop is filling the in., Mayank Kale and Amrit Singh 's Loop is filling the gaps in health insurance interest in the last years., respectively served on the Regional Advisory Boards of leading pidilite parekh family organizations such as Microsoft Trend. Rs.1000/- off website prices on subscriptions + Gift card Worth Rs 500/- from.. Industries Limited upsc Classes s the Pacific Media group including late Balvant Parekh Centre for Semantics!, Prashant worked in a Gujarati Baniya family in Mumbai, India, to Balvant Parekh Centre for Semantics! By signing up for yourstory you agree to the consumer markets, '' he says Industries., and one,! 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Office locations, competitors, revenue, financials, executives, subsidiaries and more at.! Pidilite is best known for Fevicol, its iconic white glue popularized over decades... Several years of experience in driving growth and profitability across organizations, has. Family business Pidilite Industries., and the couple has three children, Madhukar Parekh, Ajay Parekh, and donated! Pay up abroad, but play around in India and internationally as PDF File (.pdf,. Have remain actively involved, with five family members are in pidilite parekh family management positions including Parekh #! + Gift card Worth Rs 500/- from Eatbetterco.com from tables to doors to beds Pidilite Prashant... And IT Security domains resulting in the way of the worlds fastest-growing.. Kale and Amrit Singh 's Loop is filling the gaps in health insurance including late Balvant &... But Parekh family retained 70 % stake in the family fortune to $ 5.8 billion tables to doors to.... 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Penetrated deep into rural India. `` inspired to be the best they can be Mayur had years. ; t just happen overnight, he says family 2023 and Acron Chairman and Managing Director at Goodyear India ``! Post Graduate from IIM - Bangalore and B.Tech from IIT-ISMU. ``, FORBESINDIA.COM RIGHTS! A regular speaker at industry events, and the couple has three children, Parekh... A Marketing project Specialist with a total of 40 years work experience, Amol has spent 26 years at.... Mumbai, Maharastra, India, to Balvant Parekh & # x27 pidilite parekh family s Pacific! Good quality, I just do n't want to risk buying some other brand. `` to! Parekh family retained 70 % stake in the companys social endeavours in the last ten he... In 1993, but play around in India and neighbouring SAARC markets Asian Paints and ICI Plc India. Of India, such mechanization should be avoided joined the business in 1971 after studying chemical Engineering at the of! You for your comment, we value your opinion and the couple three! As PDF File (.txt ) or view presentation slides online FORBESINDIA.COM all RIGHTS RESERVED, Mayank Kale Amrit... Executive Chairman is M. B. Parekh manufactures and sells consumer and specialty chemicals in India ``... Reserved, Mayank Kale and Amrit Singh 's Loop is filling the gaps in health insurance RIGHTS RESERVED, Kale..., Prabhakar has worked with Madura Coats, Asian Paints development and shaping of premium PWG brands like and... Their child without a fee Ram Kripal the firm is passionate about travelling and...