Balvant Parekh passed away in 2013, at the age of 88. Scribd is the world's largest social reading and publishing site. 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. 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. Not to mention the bond with carpenters like Ram Kripal. See insights on Pidilite including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [12], Balvant died on 25 January 2013 at the age of 88. Balvant is also known as The Fevicol Man of India because of his contribution to this business. 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. [2][3], Parekh is the son of Balvant Parekh, who founded Pidilite Industries in 1959. Balvant got married to Kantaben while studying, and the couple has three children, Madhukar Parekh, Ajay Parekh, and Kalpana Parekh. It was founded in 1959. 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. Balvant broke all the misconceptions that a lawyer cant become a businessman and paved his path. Experience Your Economic Times Newspaper, The Digital Way! 2-Year MALAY RASHMIKANT PAREKH trustee of Malay Family Trust; 0%; 12,500; Individuals (NRIs/Foreign . He is responsible for building environments that foster creativity and timeliness while driving excellence in the cycle time of new product development to market. 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). Fixit and M-seal are market leaders with high shares in their respective segments. Amol is a BSc. Prior to joining Pidilite, Mayur served as the global CIO of Lupin Limited for 9 years, where he initiated various global initiatives in the ERP, Analytics, Manufacturing Automation, IT Founder Balvant Parekh started out by making synthetic glue and pigment emulsions. 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. Fondly called as the Fevicol Man, Parekh launched Pidlite Industries back in 1959 post India's independence which later became a synonym to adhesives in the Indian market. To celebrate the occasion of Mr. Parekh's 75th birthday. Maithili Parekh holds a job profile that is still in its nascent stages in India. Announced Date Himanshu joined Pidilite in July20 as the Chief Business Officer for Large User Business and Services. Pidilite holds its own by wooing its core customer--the carpenter--through hosting annual meets and Fevicol champion clubs. To visit our Archives, click here. With an experience of over 25 years in construction chemicals industry, Himanshu has managed businesses in scores of matured and emerging markets. Includes DocuBay and TimesPrime Membership. The start of their consumer-facing persona didn't just happen overnight, he says. 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. Your Reason has been Reported to the admin. I shocked them by saying that I would go to IIT. He contributed himself as executive director at Pidilite Industries as well as Vinyl limited. MY FATHER: Friend and Confidant Kalpana Parekh As family, friends and well-wishers join together to felicitate the patriarch of the Parekh family, I would like to share with you a few thoughts about this wonderful and multifaceted . Sun Tzu, President - Maintenance & Repair Division. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. In fact, search trends for "remote work jobs" and "work from home 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 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. 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. He is a regular speaker at industry events, and has been the recipient of numerous industry recognition awards. I am a customer-centric digital marketer with 2 years of work experience. Choose your reason below and click on the Report button. For now his focus is on spotting executive talent to expand Pidilite's management ranks, currently dominated by the family. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Before Lupin, Mayur had several years of cross-industry experience across various organisations including Eastman Kodak, SAP and Asian Paints. Their diversified group sees a future in EVs, as profits power a 24% increase in the family fortune to $5.8 billion. 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. 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. Unlock your 30 days free access to ETPrime now. 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. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. . His grandfather was a magistrate, and he motivated him to study law. 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. Apurva parekh trustee of nkp family trust 0.79 4,000,000- Indian . Further, the cap 101 comprises a cavity 102. He is passionate about building teams that believe in succeeding by providing high quality solutions to its customers. 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. 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 . 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. 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. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. It reported revenues of 417 million last year. After postdoctoral research in Polymers from Japan, Anubhav joined GE Welch Technology Centre, Bangalore in 2004 where he created strategic technology platforms, building high performance teams and cultivating innovation culture until 2012. Pidilite 2. Aside from glue, Parekh's other passion was general semantics a social science designed to understand and improve the way people interact with their environment and each other. 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. The importance of family business continuity planning, FB Roundup: David Fattal, Sanjeev Gupta, Ted Lerner, Victoria Engelhorn: Becoming more than her family name, Tech Bio: Why data-driven technologies are the way forward. 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. 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. Other key brands Fevikwik, Dr. Rahul moved as President - HR in July, 2017. 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. The German software giant aims to double its investments in India over the next five years. Parekh was also one of the wealthiest persons in India, having a net worth in the billions. 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.". 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. Rahul is a Business Leader with over 22 years of experience in FMCG and BFSI in Sales & Marketing. Gautam has a degree in Economics Honours from Delhi University and has an MBA from Symbiosis, Pune and a mini Digital MBA program from Rutgers University. Love in every #TradingView. Overseas revenues contribute about 12% to total sales. click here! Balvant studied law at Government Law College, Mumbai, known as India's Fevicol Man. The company's main business interests are in adhesives and sealants. Bachelor of Science in Engineering, University of Mumbai; Master of Science, University of Wisconsin. How to Switch from New to Old Income Tax Scheme ? The family founded the Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in 2009. He also has the financial support for the Gujarati Sahitya Parishad. Digital Yug is an Indian digital media platform that posts real life stories, events, news, and blogs about startups, entrepreneurs, and successful people. What's the Pacific Media Group? Dont miss out on ET Prime stories! The million-dollar question: Is investing a game of luck or skill? Who is Neerav Parekh? Five of the family members are in senior management positions including late Balvant Parekh's two sons. Today, Balvant's son Madhukar Parekh chairs . This button displays the currently selected search type. Rahul is a Post Graduate from IIM - Bangalore and B.Tech from IIT-ISMU. In 2009 Balvant founded Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda Gujarat India. Balvant also donated INR 20 million for Bhavnagars Science City. Pidilite Industries Limited is an Indian adhesives manufacturing company. 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. 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. More news. 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. Investors, Sanjiv Bajaj aur COVID-19. Basit Malik : one of those classical examples of teenagers who end up their legacy as a legend. Balvant also founded Balvant Parekh Centre for General Semantics & Other Human Sciences Baroda, Gujarat, 2009. Your email address will not be published. Continuing the focus on product and brand innovation, under his leadership, Pidilite has clearly differentiated itself from competition in this otherwise generic market. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. 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. The business was listed in 1993, but the family retained a 70% stake. You can help Wikipedia by expanding it. [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. Indian Chemical Councilconferred him withICC Lifetime Achievement Awardfor the year 2017. Mr. Parekhs four decade long journey has converted an unexciting product into one of the countrys top brands Fevicol. His eldest son, Madhukar, succeeded him as chief executive in 1992. Today Pidilite's consumer product range, which includes adhesives, sealants, art materials and construction chemicals, contributes nearly 80% of revenues. 5. 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. 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. Its never too late to rebuild burnt bridges, especially with a member of your family. Some of the achievements and awards of Balvant are as follows: Balvant, a reputable businessman, was also a well-known philanthropist. Apurva Parekh is the Executive Director at Pidilite Industries Limited. He uses it for everything he makes--from tables to doors to beds. He is responsible for driving key strategic initiatives across the organization. Edit Personal Investments Section. 15 pages. COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mayank Kale and Amrit Singh's Loop is filling the gaps in health insurance. 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. 38 on the list of Indias 100 richest. The Parekh family is actively involved in the company's activities. M.B. He is the President - Procurement and responsible for procurement strategy & operations for all businesses of Pidilite. He has been instrumental in driving the business growth, helping the business achieve a threefold growth from 2010 to early 2017. But global headwinds, unemployment could stand in the way of the worlds fastest-growing economy. 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. Pay up abroad, but play around in India. [2] [3] (This story appears in the 28 December, 2018 issue of Forbes India. Prior to that, he was Chairman and Managing Director at Goodyear India. Balvantray Kalyanji Parekh was born in a Jain household in the Bhavnagar district in Gujarat. Rahul joined Pidilite in 2010 as the President Sales and Marketing for the Art & Stationery Business. Prashants inspirational quote: "Strategy without tactics is the slowest route to victory. CampdenFB.com is a wholly owned subsidiary of Campden Wealth It also markets and manufactures WD-40 in India. 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. ), For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you, Axis Bank completes acquisition of Citi India's consumer banking business, Digital Dollar would safeguard national security: Ex-Biden advisor, Illuvium DAO prevents opening of NFT packs by Su Zhu, the founder of 3AC, Markets slippery, companies struggle to protect margins, How Sudhir Singh made Coforge a $1-billion company, Ajit Isaac and the necessity of a clear vision to create long-term impact with philanthropy, Buyer beware: How online retailers manipulate prices, and what consumers can do to protect themselves from overpaying, Family philanthropy is spreading its wings in India, IMF would rather regulate crypto instead of banning them: IMF Managing Director, Ukraine received $70M+ in crypto donations since the beginning of the war, Dr. Dutta talks about Cardiovascular Health : Congenital heart defects, Photo of the day: Mobile World Congress: Urban aircraft taxi, Giant Pinta tortoises to Catarina pupfish, 11 extinct-in-the-wild species are stuck in conservation limbo, From Balenciaga to Vivienne Westwood and Paco Rabanne, Paris Fashion Week coloured by scandal and grief, Get the latest stories, videos, and podcasts from Forbes India directly in your inbox every Saturday. 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