. 15 Copyright 2019 Outlook Business!. Other key brands Fevikwik, Dr. Pidilite now has 14 overseas subsidiaries with manufacturing operations in the U.S., Brazil, Thailand, Dubai, Egypt and Bangladesh. Madhukar Parekh is the Chairman of Pidilite Industries, a multinational corporation that manufactures adhesives and sealants, as well as building chemicals and hobby paints. 5. To celebrate the occasion of Mr. Parekh's 75th birthday. All Rights Reserved. You can help Wikipedia by expanding it. The company is the dominant and leading adhesives company in India. This article about an Indian company is a stub. Pay up abroad, but play around in India. 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. 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. Announced Date India's Fevicol Man, Balvant Parekh; How a freedom fighter, peon became billion dollar Pidilite Founder: - Summary of the Gallery and Ph.D. degree from IIT Delhi in 1998 and 2002, respectively. Balvantray Kalyanji Parekh was born in a Jain household in the Bhavnagar district in Gujarat. Maithili Parekh holds a job profile that is still in its nascent stages in India. N. K. Parekh, Vice Chairman. By signing up for yourstory you agree to the Terms of Service and Privacy Policy of the platform. Personal Investments. Prabhakar's inspiring quote: Everyone is honest and wants to contribute. Naatu Naatu to be performed live at the Oscars! 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? Revenues have doubled in the past five years, and net profits have kept pace--up from $26 million to $64 million in the same period--though Pidilite has had to contend with the rising price of vinyl acetate monomer, its key raw material, which is entirely imported. What's the Pacific Media Group? In the last ten years he has stuck with this synthetic glue--the cost of which has risen 50%. 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 Mrs. Savithri Parekh. Parekh served as chairman as well as managing director at Vinyl chemical India limited. 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. 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. Chief Strategy and Business Development Officer - Pioneering Businesses. His eldest son, Madhukar, Scribd is the world's largest social reading and publishing site. [10], Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries.,[11] and one daughter, Kalpana Parekh. 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 . 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. Its products can be segmented into branded consumer and bazaar products and specialty industrial chemicals. "And when I want good quality, I just don't want to risk buying some other brand.". Insider Trading & SAST disclosures for Pidilite Industries Ltd. . More news. Pidilite has 5 employees across 11 locations and 98.8 b in annual revenue in FY 2022. Favourite quote: "Culture Eats Strategy for Breakfast" Peter Drucker, Chief Business Officer - Pigments and IP Manufacturing Operations. Choose your reason below and click on the Report button. 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. He has been instrumental in driving the business growth, helping the business achieve a threefold growth from 2010 to early 2017. Parekh was born in a Jain family in Mahuva, Bhavnagar district of Gujarat, India. Founder Balvant Parekh started out by making synthetic glue and pigment emulsions. 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. 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. Interest: Anubhav loves exploring nature and a wildlife enthusiast. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. The company was founded by her late brother-in-law, Balvant Parekh, in 1959. Indian Chemical Councilconferred him withICC Lifetime Achievement Awardfor the year 2017. 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 Pidilites Madhukar Parekh has institutionalised his instinctive approach, laying the ground to perpetuate its spectacular success. Prashant is a graduate of B.Tech (Electrical Engineering) from IIT Kanpur and holds an MBA from IIM Bangalore, where he graduated amongst the top ten in his class. Himanshu has a degree in civil engineering from National Institute of Technology (formerly GECT), Raipur. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. Varsha worked as an investment banking analyst at Goldman Sachs before switching to journalism. The familys privately held flagship Shapoorji Pallonji Group saw a return to profit, exited a one-time debt restructuring amid a family tragedy. Balvant grandfather was a magistrate. 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. Under his leadership, Pidilites eCommerce business in hobby retailing was conceptualized and executed. 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Pidilite Industries Limited is a public company. Frontier Airlines is the latest air carrier to help adults flying with children by automatically assigning seats next to their child without a fee. Paytm turns operationally profitable. 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. Mrudula Parekh Net Worth, Age, Height, Weight, Husband, Wiki, Family 2023. sniperbull4my Updated Dec 8, 2022. 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. Chief Business Officer Large User Business and Services. Taking charge two decades ago, Madhukar sought to tap wider markets. 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. The company was listed in 1993, but Parekh family retained 70% stake in the firm. Prashants inspirational quote: "Strategy without tactics is the slowest route to victory. Tucked away in a small lane in the Mumbai suburb of Andheri, the Pidilite office is simple and transports you back to the early 90s. News, Videos, Stock . Balvantray Kalyanji Parekh (1925 - 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. Manish has completed his M.S. Pidilite's range of products includes construction chemicals, art materials and organic pigments. Launch of Heatx 4. Industry Trends on 4000+ Stocks, Move over family, Pidilite makes way for outsiders at the top rung, Every other year, Pidilite Industries throws a big party for retired employees and their spouses at its campus in Andheri, Mumbai. 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. IoT to gain sustainable competitive advantage. He is passionate about travelling, and also loves to spend time with nature on a trek or hike whenever he gets the opportunity. He is responsible for building environments that foster creativity and timeliness while driving excellence in the cycle time of new product development to market. Pidilite Industries was founded by Balvant Parekh in 1959. Madhukar Parekh and family (70%) Number of employees. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. He provided financial support in starting an Arts and Science College in Mahua, Gujarat, India. Pidilite is best known for Fevicol, its iconic white glue popularized. About. Balvant also donated INR 20 million for Bhavnagars Science City. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. Parekh and his family own a majority stake in the company, which was founded by his late father Balvant Parekh in 1959. 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. It also markets and manufactures WD-40 in India. It reported revenues of 417 million last year. Continuing the focus on product and brand innovation, under his leadership, Pidilite has clearly differentiated itself from competition in this otherwise generic market. DMM from Bajaj Institute of Management and is passionate about swimming and reading. Pidilite was established as a partnership firm, Parekh Dyechem Industries, in 1961 by Mr. B K Parekh and his two brothers. He was known as "India's Fevicol Man". Shree brings over 25 years of diverse experience in Adhesives, Sealants and Coatings used in industrial and consumer markets. Balvant was close friend of Dhirubhai Ambani founder of Reliance Industries and lived in the same apartment block in Usha Kiran building on Carmichael Road Mumbai. You may opt-out by. CampdenFB.com is a wholly owned subsidiary of Campden Wealth 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 is passionate about building teams that believe in succeeding by providing high quality solutions to its customers. 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 Ago, Madhukar sought to tap wider markets creativity and timeliness while driving excellence the! Son, Madhukar sought to tap wider markets and made a glue name Fevicol company a!, Sealants and Coatings used in industrial and consumer markets Dyechem Industries, in 1959 what #. 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