[4] Pidilite also manufactures products across verticals such as art materials and stationery; food and fabric care; car products, adhesives, and sealants; and speciality industrial products like adhesives, pigments; textile resins, leather chemicals, and construction chemicals. Buying Price - 2662 Stoploss Price - 2590 Target Price - 2920. Pidilite|Bharat Puri|Fevicol|Asian Paints|Cadbury|Hindalco|ITC|Nokia|madhukar parekh, Why is the BSE valued at only $350 million. Madhukar Balvantray Parekh is an Indian entrepreneur, Chairman of Pidilite Industries, a global company among the leaders in adhesives and sealants, construction chemicals, hobby colors. Quick to identify new opportunities, the company heavily invested in the R&D centre at Kondivita, Mumbai and also set up a step-down subsidiary, Pidilite Innovation Centre in Singapore. Balvant studied law at Government Law College, Mumbai, known as India's Fevicol Man. It has also penetrated deep into rural India.". PLAN. He has about 14 years of experience in driving growth and profitability across organizations, and helping them navigate complex transformation agendas. Your use of this site is governed by the Terms and Conditions. With Pidilite since Jan 2019, Mayur has over 22 years of experience across the consulting, IT, consumer goods and pharmaceutical domains. His eldest son, Madhukar, is the present chairman of Pidilite Industries. 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. Balvantray Kalyanji Parekh (1925 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. To read full story, subscribe to ET Prime, Billed annually at Seamless succession plan by the late patriarch leaves Bajaj Group in capable hands. He was known as "Indias Fevicol Man".[1]. Parekh joined family business Pidilite industries in 1971. 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. Parekh served as chairman as well as managing director at Vinyl chemical India limited. Are global firms taking Indian regulators for a ride? 5. Its a remarkable do, as corporate events go, but as chairman and managing director Madhukar Parekh says, People who work with us today need to realise the contribution of those who came before.. Balvant stayed in thats offices warehouse during his struggling days with his wife until he decided to start his own business. All rights reserved. It also markets and manufactures WD-40 in India. Number of Investments 6. Pidilite - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. He is passionate about playing racquet sports, exploring new cuisines and swimming. Madhukar Parekh and family (70%) Number of employees. Pankaj joined Pidilite as Chief information Officer in 2011. That's when we shifted the emphasis to the consumer markets," he says. Paytm turns operationally profitable. Uploaded by Kapil Nagar. When expanded it provides a list of search options that will switch the search inputs to match the current selection. All pages of the Website are subject to our terms and conditions and privacy policy. He is a Fellow of the Royal Society of Chemistry, UK (FRSC) and on the Advisory Board of American Chemical Societys flagship magazine Chemical & Engineering News (CE&N), and multidisciplinary journal ACS Omega and The Academy Trust of The Indian Academy of Sciences Bangalore. Himanshu has a degree in civil engineering from National Institute of Technology (formerly GECT), Raipur. 5. Pidilite was established as a partnership firm, Parekh Dyechem Industries, in 1961 by Mr. B K Parekh and his two brothers. 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 Know quake-prone zones in India 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. It reported revenues of 417 million last year. 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. His grandfather was a magistrate, and he motivated him to study law. He has been instrumental in driving the business growth, helping the business achieve a threefold growth from 2010 to early 2017. DMM from Bajaj Institute of Management and is passionate about swimming and reading. Scribd is the world's largest social reading and publishing site. Madhukar joined the business in 1971 after studying chemical engineering at the University of Wisconsin and a two-year stint at Abbott Labs. Taking charge two decades ago, Madhukar sought to tap wider markets. 30M+ Traders and . Days Trial. Experience Your Economic Times Newspaper, The Digital Way! 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. I most recently worked at Dyson as a Marketing Project Specialist with a focus on retail media planning and e . Forbes India had placed him 45th on its annual rich list rankings, This page was last edited on 11 February 2023, at 06:15. Dont miss out on ET Prime stories! Anubhav owns about 45 global patents and authored more than 40+ research articles, reviews, highlights, book chapters in peer reviewed international journals and magazines. Balvant was born in a Jain family[2] family in Mahuva town of Bhavnagar district Gujarat India. 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. Pay up abroad, but play around in India. 15 Market Research. . Fevicol Champion Club Reward Program 2. Are Indian cities earthquake ready? 3. "Fevicol is synonymous with glue in India," acknowledges Ankur Agarwal, vice president for Indian midcaps at Nomura Securities' Mumbai office. Parekh and his family own a majority stake in the company, which was founded by his late father Balvant Parekh in 1959. 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. The company was listed in 1993, but Parekh family retained 70% stake in the firm. Balvant Parekh, chairman of Pidilite Industries, died on January 25, 2013, at the age of 88. He provided financial support in starting an Arts and Science College in Mahua, Gujarat, India. F&O Quote of Pidilite Inds. While he was studying Balvant married Kantaben. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Its products can be segmented into branded consumer and bazaar products and specialty industrial chemicals. It reported revenues of 417 million last year. Pidilite Industries Limited specialises in retail. From Khan sir to Ashu Ghai to Vishal Tiwari, star teachers shine despite the shadows of edtech giants, Nuts and Bolts: ChatGPT and the future of work, How Milk Mantra became the taste of Odisha, Beneath the Surface: How Hindustan Zinc grew to become the world's second largest zinc producer, How companies are leveraging AI to personalise experiences, Mind The GAAP: How loss-making companies adjust numbers to show they are profitable, IDBI Bank divestment: Strong optics and no hidden surprises lure potential buyers, There are 100 million Indians on LinkedIn. 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. Physics, Electronics from Mumbai University. Infrastructure and IT Security domains resulting in the globalization and modernization of the IT function. Interestingly, 4-5 of us friends studying together for Inter-science were all among the top 10. He currently heads the Human Resource Function at Pidilite. Madhukar Balvantray Parekh is an Indian entrepreneur, Chairman of Pidilite Industries, a global company among the leaders in adhesives and sealants, construction chemicals, hobby colors. Rahul joined Pidilite in 2010 as the President Sales and Marketing for the Art & Stationery Business. 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. The great melting and eventual sinking: Have we reached the point of no return? Pidilite was then a small maker of synthetic glue with revenue of $1.3 million. With an experience of over 25 years in construction chemicals industry, Himanshu has managed businesses in scores of matured and emerging markets. Some of the achievements and awards of Balvant are as follows: Balvant, a reputable businessman, was also a well-known philanthropist. Unlock your 30 days free access to ETPrime now. . Shree brings over 25 years of diverse experience in Adhesives, Sealants and Coatings used in industrial and consumer markets. Further, the cap 101 comprises a cavity 102. Mrudula Parekh Net Worth, Age, Height, Weight, Husband, Wiki, Family 2023. 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. Madhukar, for one, isn't looking over his shoulder. Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. He strives to provide value-added services that support business success. He conducts business with the highest level of customer service, ethical standards, fairness, and transparency. . 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. UPSC Wallah - What Are The Benefits Of Joining UPSC Classes? 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. After expanding the domestic market he spearheaded a global scale-up in the mid-2000s, making a series of acquisitions. Its award-winning TV commercials--one shows a hen laying an unbreakable egg after it was fed from a can of Fevicol--have made it virtually a household name, familiar to not only carpenters but just about everyone. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. Grace Hung and Paul Conway have made . President - Corporate Affairs and Special Projects. The contemporary structures signify that at Pidilite, the past and the present exist in harmony. It was founded in 1959. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. Balvant, who remains chairman, started out as a small trader in specialty chemicals in 1954. 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. 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. Overseas revenues contribute about 12% to total sales. 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. Thank you for your comment, we value your opinion and the time you took to write to us! Balvant Parekh passed away in 2013, at the age of 88. [10], Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries.,[11] and one daughter, Kalpana Parekh. 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. Share via Facebook The company was founded by Dr Anil Diggiwal in 2018 and is currently a privately owned, bootstrapped organization. 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. Balvant Parekh's journey from a nobody to 'India's Fevicol Man' and one of the biggest industrialists motivates us to become the best version of ourselves. CampdenFB.com is a wholly owned subsidiary of Campden Wealth The opportunity to work with unique brands attracts a diverse pool of talent who are interested to work across B2B and B2C market segments. 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. Your Reason has been Reported to the admin. 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. Today Pidilite's consumer product range, which includes adhesives, sealants, art materials and construction chemicals, contributes nearly 80% of revenues. 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 third generation of the family to come of age so far are all daughters, who have not entered the business. 2001-2023 CampdenFB.com. This button displays the currently selected search type. In 2009 he founded the Balvant Parekh Centre for General Semantics and Other Human Sciences to promote the discipline in India. Prabhakar's inspiring quote: Everyone is honest and wants to contribute. Subscribe to Forbes Asia. [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. He joins us from Beiersdorf AG where he was the Regional Head and VP of Healthcare for Beiersdorf AG, Asia Pac. He was responsible for growing the Fevicol business and implemented some of its core building blocks, namely: 1. Indian Chemical Councilconferred him withICC Lifetime Achievement Awardfor the year 2017. 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