Madhukar Balvantray Parekh is an Indian businessman and Chairman of Pidilite Industries, India’s leading adhesives manufacturer covering a wide range of products including stationery, automotive products, construction chemicals, art materials, sealants, food and textile care, and specialty industrial products. As of 2022, he is the 16th richest person in India.
Wiki/Biography
Madhukar Balvantray Parekh was born in 1946.77 years old; As of 2023) in Mumbai, India. He is a gold medalist alumnus of ICT (Institute of Chemical Technology, University of Mumbai) with a Bachelor’s degree in Chemical Technology. He earned a master’s degree in chemical engineering from the University of Wisconsin, USA in 1969. He then joined Abbot Laboratories and worked there for a few years before returning to India and joining his father’s business.
Institute of Chemical Technology (ICT), Mumbai, Madhukar Parekh’s alma mater.
physical appearance
Hair Color: Black
Eye Color: Black
family
Madhukar Balvantray Parekh belongs to Gujarati Baniya family.
parents and siblings
His father was Balvantray Kalyanji Parekh (1924-2013), founder of Pidilite Industries, also known as the ‘Fevicol Man of India’. His mother’s name is Kantaben. He has two younger siblings, Ajay Parekh and Kalpana Parekh. Ajay Parekh is the Managing Director of the family business. His sister Kalpana Parekh is a minority shareholder in the company.
Balvantray Kalyanji Parekh, founder of Pidilite Industries, father of Madhukar Parekh
wife and children
He lives in Mumbai with his wife and two daughters.
job
He came to Mumbai on (date) to study law. However, he did not major in law and instead worked part-time with his older brother. During his venture, he discovered various shortcomings in the Indian furniture industry, which piqued his interest. He joined his father’s company, Pidilite Industries, in 1972. Pidilite Industries (headquartered in Mumbai, India) was founded by his late father Balvantray Kalyanji Parekh in 1959. After joining the company, Madhukar Parekh brought many important changes to enhance its reputation. Under his leadership, Pidilite Industries has achieved significant growth in terms of development and revenue (Net profit of ₹1,288.87 crore as on March 31, 2023). Other notable brands from Pidilite Industries include Dr Fixit, FeviKwik, M-seal, Cyclo, Acron, Manipal, Roff, WD-40 and Hobby Ideas.
Pidilite industrial products
Madhukar Balvantray Parekh is the Chairman and Managing Director of Vinyl Chemicals India Ltd. and is also an Independent Non-Executive Director of Excel Industries Ltd.
Awards, Honors, Achievements
- He was ranked 13th in ‘India’s Top 25 Business Leaders’ by Business Today in 2012.
- In 2013, he received the ‘Chemtech Business Leader of the Year’ award.
- He received the EY Entrepreneur of the Year Award in the Consumer Products category (Ernst & Young) in 2014.
- He received the ICC Lifetime Achievement Award 2017 from the Chemistry Council of India.
- He is ranked as the 16th richest person in India among the Top 50 Richest Indians (2019) by Forbes India Magazine.
- During his tenure, Pidilite Industries won the ‘Most Promising Company of the Year’ at the 11th India Business Leaders Awards (IBLA), CNBC-TV18.
net worth
As of July 19, 2022, his net worth is Rs 23,170 crore.
Facts/Quiz
- I ranked 4th in the IIT JEE entrance exam, but I chose chemical engineering because I was interested in the chemical business.
- He took on the job of Peon early in his career.
- His family business was listed on the Bombay Stock Exchange (BSE) in 1993.
