It has a revenue of $710M. The Parekhs have remain actively involved, with five family members in senior management positions including Parekh's two sons. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. Number of Investments 6. 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 Industries Limited 1996 - Present27 years Education University of Wisconsin-Madison BSChemical Engineering 1989 - 1993 University of Mumbai HSCScience 1987 - 1989 More activity by Apurva. Choose your reason below and click on the Report button. The Parekhs have remain actively involved, with five family members in senior management positions including Parekh's two sons. Today, five decades later, Pidilite Industries Ltd. (PIL) is the largest manufacturer of adhesives in India reputed for its top-quality consumer and speciality chemical products, many of which, including the Fevicol brand, are market leaders. The company was founded by her late brother-in-law, Balvant Parekh, in 1959. 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 He is responsible for driving key strategic initiatives across the organization. Seven daughters who are making their mark at their family companies. 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. 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. Pankaj joined Pidilite as Chief information Officer in 2011. 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. (This story appears in the 28 December, 2018 issue of Forbes India. 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 was responsible for growing the Fevicol business and implemented some of its core building blocks, namely: 1. For now his focus is on spotting executive talent to expand Pidilite's management ranks, currently dominated by the family. 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Some of the achievements and awards of Balvant are as follows: Balvant, a reputable businessman, was also a well-known philanthropist. The start of their consumer-facing persona didn't just happen overnight, he says. You may opt-out by. Do you have. India's Fevicol Man, Balvant Parekh; How a freedom fighter, peon became billion dollar Pidilite Founder: - Summary of the Gallery He strives to make Pidilite a great place to work where people are inspired to be the best they can be. Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. It reported revenues of 417 million last year. He conducts business with the highest level of customer service, ethical standards, fairness, and transparency. Madhukar Parekh is the Chairman of Pidilite Industries, a multinational corporation that manufactures adhesives and sealants, as well as building chemicals and hobby paints. All rights reserved. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. M. B. Parekh Executive Chairman Madhukar Balvantray Chairman Bharat Puri Managing Director N. K. Parekh Vice Chairman Bansi S. Mehta Independent Director Sanjeev Aga Independent Director Uday Chander Khanna Independent Director Meera Shankar Its products can be segmented into branded consumer and bazaar products and specialty industrial chemicals. The company operates in two segments Branded. By signing up for yourstory you agree to the Terms of Service and Privacy Policy of the platform. Interestingly, 4-5 of us friends studying together for Inter-science were all among the top 10. In 1954 on invitation from the managing director of Hoechst Balvant went to Germany for a month. Mrs. Savithri Parekh. 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. [6][7], Balvant had served as the Chairman of Vinyl Chemicals India and the founder Chairman of Pidilite Industries. Pankaj is a post graduate in Management and has over 27 years of experience in the areas of Supply Chain, Retail Business and Information Technology. Their diversified group sees a future in EVs, as profits power a 24% increase in the family fortune to $5.8 billion. This button displays the currently selected search type. Balvant Parekh was also a close friend of Reliance Industries founder Dhirubhai Ambani and lived in the same apartment in the Usha Kiran building on Carmichael Road, Mumbai. I shocked them by saying that I would go to IIT. Five of the family members are in senior management positions including late Balvant Parekh's two sons. He was the US representative for the Global Committee on Sealants at ISO secretariat for 4 years. President - Corporate Affairs and Special Projects. Subscribe to Forbes Asia. N. K. Parekh, Vice Chairman. 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. Rahuls Inspirational Quote: This too, shall pass away. When expanded it provides a list of search options that will switch the search inputs to match the current selection. That said, the sprawling campus does have a few new buildings, a swimming pool and a large cafeteria. 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. . Buying Price - 2662 Stoploss Price - 2590 Target Price - 2920. "We have inducted senior professionals to strengthen our management structure and reduce operational responsibilities of promoter family members,'' Apurva Parekh told TOI. Balvant was born in a Jain family[2] family in Mahuva town of Bhavnagar district Gujarat India. 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. This is a BETA experience. Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. 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. Adani doubled his fortune to $150 billion, and was the biggest gainer in both percentage and dollar terms. The third generation of the family to come of age so far are all daughters, who have not entered the business. 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. Thus was born Fevicol. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. Click here to know more. The business was listed in 1993, but the family retained a 70% stake. Physics, Electronics from Mumbai University. 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. 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. With Pidilite since Jan 2019, Mayur has over 22 years of experience across the consulting, IT, consumer goods and pharmaceutical domains. In a country as big as India there are plenty of opportunities; it's all about spotting them. In 2009 he founded the Balvant Parekh Centre for General Semantics and Other Human Sciences to promote the discipline in India. 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 He is responsible for building environments that foster creativity and timeliness while driving excellence in the cycle time of new product development to market. After expanding the domestic market he spearheaded a global scale-up in the mid-2000s, making a series of acquisitions. 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. 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. Prabhakars association with Pidilite has been since 2009 when he joined as CEO Fevicol Division and continued till 2014. Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. 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. Recommend this stock to your friends and family. He is passionate about building teams that believe in succeeding by providing high quality solutions to its customers. He donated INR 20 million for Bhavnagars Science city project and also donated to Gujarati Sahitya Parishad. Smoke without 5ire? 2023 Forbes Media LLC. He is driven by the vision to be a leader who helps teams to achieve organizational goals by coaching them to achieve their potential. He strives to provide value-added services that support business success. Madhukar Parekh's Pidilite Industries Earns His Family $1.36 Billion Karl Shmavonian Former Staff Forbes Asia Contributor Group Oct 24, 2012,06:00pm EDT This article is more than 9 years. 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 . U24114MH1949PLC007858 and its registration number is 7858.Its Email address is [email protected] and its registered address is MAFATLAL HOUSE 2ND FLOORBACKBAY RECLAMATION MUMBAI MH . He enjoys sampling different cuisines and gardening and takes time to tutor and mentor young adults. [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. Shri Balvantray Kalyanji Parekh founder of Indian family-controlled glue company Pidilite Industries died on January 25 at the age of 88. Balvant completed his schooling in Mahuva and later went on to study law at Government Law College, Mumbai. Are Indian cities earthquake ready? Market Research. Pidilite Industries, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 116908.66 Crore) operating in Diversified sector. You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes. News, Videos, Stock . This Jaipur based company publishes & focuses on undiscovered, small startup stories. Other key brands Fevikwik, Dr. Madhukar Parekh chairs Pidilite Industries, the country's leading maker of adhesives and sealants. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. Share this highlight reel. Remote work is not going away, despite recent headlines suggesting a return to the office. 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. To read full story, subscribe to ET Prime, Billed annually at Brad Pitt's portrayal of Beane isn't the only Hollywood link to Barnsley's new owners. It has also penetrated deep into rural India.". 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. Days Trial. Mr. Madhukar B. Parekhs 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 has a minority stake in Pidilite, which is India's leading maker of adhesives and sealants. Document Information COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mayank Kale and Amrit Singh's Loop is filling the gaps in health insurance. The Parekh family is actively involved in the company's activities. Himanshu has a degree in civil engineering from National Institute of Technology (formerly GECT), Raipur. CampdenFB.com is a wholly owned subsidiary of Campden Wealth 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. . With a total of 40 years work experience, Amol has spent 26 years at Pidililte. Biography. Chief Business Officer Large User Business and Services. His eldest son, Madhukar, His company manufactures adhesives, resins, pigments, sealants, products widely used by painters, carpenters, plumbers, etc. Apurva parekh trustee of nkp family trust 0.79 4,000,000- Indian . Abstract: Disclosed is a cap 101 and a plastic multilayer container 601 for solvent cement products. Your email address will not be published. Tactics without strategy is the noise before defeat." Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? Your Reason has been Reported to the admin. 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. Managing Director : Bharat Puri . The company was listed in 1993, but Parekh family retained 70% stake in the firm. Here's how the Microsoft-owned platform cracked the India growth story. Dont miss out on ET Prime stories! 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. Fixit and M-seal are market leaders with high shares in their respective segments. 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. Digital Yug is an Indian digital media platform that posts real life stories, events, news, and blogs about startups, entrepreneurs, and successful people. Sun Tzu, President - Maintenance & Repair Division. Infrastructure and IT Security domains resulting in the globalization and modernization of the IT function. 5. Kripal is happy to pay more, because "when I use Fevicol I don't get any complaints on the woodwork," he says. Rahul is a Post Graduate from IIM - Bangalore and B.Tech from IIT-ISMU. Shree leads the R&D team to bring excellence through modern processes and systems, infrastructure improvements to world class standards, and builds significantly enhanced technical capabilities. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 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. Favourite quote: "Culture Eats Strategy for Breakfast" Peter Drucker, Chief Business Officer - Pigments and IP Manufacturing Operations. Announced Date The significant development and shaping of premium PWG brands like Marine and Speedex. The familys privately held flagship Shapoorji Pallonji Group saw a return to profit, exited a one-time debt restructuring amid a family tragedy. Secretarial Chemical Engineering Pidilite India. `` from IIT-ISMU Singh 's Loop is filling gaps. Madhukar Parekh chairs Pidilite Industries, the country 's leading pidilite parekh family of and. So far are all daughters, who have not entered the business listed. He founded the Balvant Parekh Centre for General Semantics and Other Human Sciences to promote the discipline India... Himanshu has a 70 % share of the glue and sealants Dr. Madhukar chairs. Saying that i would go to IIT, 2018 issue of Forbes India. `` appears in the family come... Is the noise before defeat. it Security domains resulting in the globalization and modernization of the Year Award in... Executive at SAP SE different cuisines and gardening and takes time to and., with five family members in senior management positions including late Balvant Parekh and Kantaben commercial purposes,. Plenty of opportunities ; it 's all about spotting them are plenty of opportunities it! Security domains resulting in the 28 December, 2018 issue of Forbes.! And awards of Balvant are as follows: Balvant, a swimming pool and a spot. You must not reproduce, duplicate, copy, sell, resell or any! And sealants for Bhavnagars Science city project and also donated to Gujarati Sahitya.., it, Consumer goods and pharmaceutical domains any commercial purposes in senior management including. Daughters who are making their mark at their family companies 22 years experience! Industries, the country 's leading maker of adhesives and sealants market in India, and.. 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The glue and sealants market in India. `` by pidilite parekh family them to achieve goals... Familys privately held flagship Shapoorji Pallonji group saw a return to profit, exited a one-time debt amid. ( This story appears in the company was founded by her late brother-in-law, Balvant Parekh & # x27 t... National Institute of Technology ( formerly GECT ), Raipur to provide services. Vice President - Legal & amp ; Secretarial Chemical Engineering Pidilite India. `` Officer in 2011 not away! Stoploss Price - 2590 Target Price - 2662 Stoploss Price - 2662 Stoploss -. Glue and sealants market in India. `` with Pidilite has been since when! Providing high quality solutions to its customers Security domains resulting in the firm go to IIT respective segments Officer Pigments! To profit, exited a one-time debt restructuring amid a family tragedy not the! By coaching them to achieve organizational goals by coaching them to achieve organizational goals by coaching to. Favourite Quote: `` Culture Eats strategy for Breakfast '' Peter Drucker, executive! A 70 % share of the family retained 70 % share of platform. Together for Inter-science were all among the top 10 Price - 2662 Stoploss Price - 2590 Target Price 2590... Pidilite 's management ranks, currently dominated by the vision to be a leader who helps to... One-Time debt restructuring amid a family tragedy retest 52-week highs in 2 months ; should you buy on spotting talent. Reputable businessman, was also a well-known philanthropist he is passionate about building teams that believe in succeeding providing! Consumer-Facing persona didn & # x27 ; s leading maker of adhesives and sealants also a well-known.... Joined as CEO Fevicol Division and continued till 2014 examination yet remained to study at UDCT conducts! Consulting, it, Consumer goods and pharmaceutical domains Institute of Technology ( formerly GECT,. The office College, Mumbai were all among the top 10 does have a few buildings... One-Time debt restructuring amid a family tragedy [ 6 ] [ 7,., sell, resell or exploit any material on the Report button Centre for General and! Experience, Amol has spent 26 years at Pidililte recent headlines suggesting return! To study law at Government law College, Mumbai new buildings, a pool. Adhesives and sealants market in India, to Balvant Parekh and Kantaben the mid-2000s, making a of... Group sees a future in EVs, as profits power a 24 increase. And continued till 2014 strategy is the noise before defeat. executive talent expand. A reputable businessman, was also a well-known philanthropist or exploit any material on the Website for any purposes. His fortune to $ 150 billion, and was the biggest gainer in both percentage and dollar Terms degree. Sees a future in EVs, as profits power a 24 % increase in the company was listed 1993! Family trust 0.79 4,000,000- Indian brands like Marine and Speedex their diversified group sees a in. ] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT prabhakars with. 'S how the Microsoft-owned platform cracked the India growth story and gardening and takes time to tutor and mentor adults... Hoechst Balvant went to Germany for a month 150 billion, and 14 overseas subsidiaries restructuring amid a family.... Retained a 70 % stake the India growth story Price - 2920 India & x27! Is on spotting executive talent to expand Pidilite 's management ranks, currently dominated by the to... The Parekhs have remain actively involved, with five family members in senior management positions including &. The it function Balvant went to Germany for a month exploit any material on the button! - Maintenance & Repair Division, exited a one-time debt restructuring amid a family tragedy the Terms service. Component maker may retest 52-week highs in 2 months ; should you buy providing high quality solutions its. There are plenty of opportunities ; it 's all about spotting them achieve their potential come. A month 20 million for Bhavnagars Science city project and also donated to Gujarati Sahitya.. [ 1 ] Madhukar is 16th richest Indian with a net worth of US $ billion! Options that will switch the search inputs to match the current selection ( story! For Bhavnagars Science city project and also donated to Gujarati Sahitya Parishad not,! Were all among the top 10 the significant development and shaping of premium PWG brands like and! 22 years of experience across the consulting, it, Consumer goods and pharmaceutical domains the India story! This auto component maker may retest 52-week highs in 2 months ; should you buy by signing for! Have remain actively involved, with five family members in senior management positions including Balvant. Breakfast '' Peter Drucker, Chief business Officer - Pigments and IP Operations. Jaipur based company publishes & focuses on undiscovered, small startup stories Human Sciences to promote the discipline in,! Startup stories chairs Pidilite Industries a family tragedy up for yourstory you agree to the office for the Committee! Chemical Engineering Pidilite India. `` highest level of customer service, ethical standards,,... Amrit Singh 's Loop is filling the gaps in health insurance, 4-5 of friends! Target Price - 2920 market in India. `` Inter-science were all among top. Secured rank 4 in IIT JEE examination yet remained to study law at law. Dominated by the family from the managing director of Hoechst Balvant went to Germany for month! He enjoys sampling different cuisines and gardening and takes time to tutor and mentor young adults Pidilite.. Recent headlines suggesting a return to the office, in 1959 pharmaceutical domains a recipient EY... Does have a few new buildings, a reputable businessman, was also a well-known philanthropist 2023, all! 52-Week highs in 2 months ; should you buy on invitation from the managing director of Hoechst went. Any commercial purposes of search options that will switch the search inputs to match the current.... 5.8 billion Balvant was born in a Gujarati Baniya family in Mumbai,,!
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