In 2009 Balvant founded Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda Gujarat India. 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. He is passionate about travelling, and also loves to spend time with nature on a trek or hike whenever he gets the opportunity. The independent art consultant helps people build, archive and document their collection. All this augurs well for the Parekhs, whose family fortune of $1.36 billion, listed under patriarch Balvant, is derived from a 70% stake in Pidilite. The business was listed in 1993, but the family retained a 70% stake. M.B. 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. Thank you for your comment, we value your opinion and the time you took to write to us! Under his guidance the company has won many prestigious awards like the Most Promising Company of the Year at the CNBC-TV18, 11th India Business Leader Awards (IBLA). Document Information Mayur's inspirational quote: Success is walking from failure to failure with no loss of enthusiasm. A well-known technology leader, Mayur has vast experience in driving IT strategy with a focus on ERP, Manufacturing Automation, Business Intelligence, Information Security, globalisation and productivity. 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. 2001-2023 CampdenFB.com. Pidilite has 5 employees across 11 locations and 98.8 b in annual revenue in FY 2022. In the company, vice chairman Narendrakumar Kalyanji Parekh was at the top with a wealth of 19,600 crore and held 83rd rank, while executive director Ajay Balvantray Parekh & family were at . Madhukar, for one, isn't looking over his shoulder. Chairman : M B Parekh . Can their love last? Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. Born in Mahuva, Gujarat Balvant moved to Mumbai to pursue law but soon jumped into the Quit India Movement launched by Mahatma Gandhi back in Gujarat. Balvant Parekh, chairman of Pidilite Industries, died on January 25, 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. Paytm turns operationally profitable. Madhukar Parekh chairs Pidilite Industries, the country's leading maker of adhesives and sealants. PIDILITIND Long Side in Positional Basis Opportunity Wait For Green Closing Candle Near price 2662 & Start to Long Run. [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. The company was founded by Balvantray Kalyanji Parekh in 1959 and is headquartered in Mumbai, 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. click here! He conducts business with the highest level of customer service, ethical standards, fairness, and transparency. What's the Pacific Media Group? Balvant also founded Balvant Parekh Centre for General Semantics & Other Human Sciences Baroda, Gujarat, 2009. Pidilite is best known for Fevicol, its iconic white glue popularized. The third generation of the family to come of age so far are all daughters, who have not entered the business. 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. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. Balvant never practiced law and worked in a dyeing and printing press in Mumbai. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. Scribd is the world's largest social reading and publishing site. The start of their consumer-facing persona didn't just happen overnight, he says. Ajay Parekh Director at Pidilite Industries Ltd Mumbai, Maharashtra, India 2K followers 500+ connections Join to connect Pidilite Industries Ltd University of California, Berkeley Experience. 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. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. He is passionate about playing racquet sports, exploring new cuisines and swimming. Market Research. The third generation of the family to come of age so far are all daughters, who have not entered the business. For now his focus is on spotting executive talent to expand Pidilite's management ranks, currently dominated by the family. He also has the financial support for the Gujarati Sahitya Parishad. The company's main business interests are in adhesives and sealants. At Pidilite, the entrepreneurial spirit is seen across all levels, with individuals going beyond the call of duty to bring to life ideas they are proud to hone and own. "And when I want good quality, I just don't want to risk buying some other brand.". Unlock your 30 days free access to ETPrime now. Currently, Pidilite has 14 overseas subsidiaries. Electrical Engineering, Computer Engineering from Virginia Tech Graduate School, and M. Sc. It reported revenues of 417 million last year. Copyright 2020 DigitalYug All rights reserved. Days Trial Investors, Sanjiv Bajaj aur COVID-19. Fondly known to all as 'BKP' and 'Balubhai', he was a warm, loving and caring leader who inspired the lives of all those he touched. Taking charge two decades ago, Madhukar sought to tap wider markets. Pidilite Industries Limited specialises in retail. Pidilite Industries Limited is a Retail company and has headquarters in Mumbai, Maharashtra, India. All rights reserved. His eldest son, Madhukar, The opportunity to work with unique brands attracts a diverse pool of talent who are interested to work across B2B and B2C market segments. 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. He is working towards creating a strong foundation for Pidilites international business which will enable the company to leverage its unique capability in emerging markets. Recommend this stock to your friends and family. 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). When expanded it provides a list of search options that will switch the search inputs to match the current selection. You may opt-out by. Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. He earned his M.Tech. 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.. N. K. Parekh, Vice Chairman. Click here to know more. Fevicol Champion Club Reward Program 2. Prior to joining Pidilite, Prashant worked in a top-tier management consulting firm as well as an in-house strategy and transformation expert. 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. Know quake-prone zones in India Seamless succession plan by the late patriarch leaves Bajaj Group in capable hands. 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. Rahuls Inspirational Quote: This too, shall pass away. [6], The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh). Five of the family members are in senior management positions including late Balvant Parekh's two sons. This Jaipur based company publishes & focuses on undiscovered, small startup stories. Apart from business management he has also managed strategy, M&A and R&D functions. 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. With Pidilite since Jan 2019, Mayur has over 22 years of experience across the consulting, IT, consumer goods and pharmaceutical domains. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. UPSC Wallah - What Are The Benefits Of Joining UPSC Classes? Chief Business Officer Large User Business and Services. Pidilite. In 1954 Balvant started trading and manufacturing of dye and industrial chemicals, pigment emulsions unit in Jacob circle Mumbai along with his brother Sushil, which he named Parekh Dyechem Industries. He subsequently spent 4 years as the Head of Transformation/ Commercial Excellence at PETRONAS Lubricants India, where he was also part of the Global CX team, and helped drive a revamp of the B2C business and overall organization profitability. 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. Every year it publishes 500,000 copies of a furniture design book that it distributes free to carpenters. . 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. [3] The company is the dominant and leading adhesives company in India. The name of glue was inspired by German word Col meaning anything that bonds two things and the German company was making identical product named Movicol. 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 (This story appears in the 28 December, 2018 issue of Forbes India. In fact, search trends for "remote work jobs" and "work from home 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. It reported revenues of 417 million last year. 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