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. News flow. Mr.Uday Khanna, Mr.Sanjeev Aga, Mr.Debabrata Gupta, Mr.A N Parekh, Mr.Sudhanshu Vats, Mr.Bharat Puri, Mr.A B Parekh, Mr.N K Parekh, Mr.Meher Pudumjee. [6], The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh). This Jaipur based company publishes & focuses on undiscovered, small startup stories. Unlock your 30 days free access to ETPrime now. His eldest son, Madhukar, succeeded him as chief executive in 1992. The significant development and shaping of premium PWG brands like Marine and Speedex. MY FATHER: Friend and Confidant Kalpana Parekh As family, friends and well-wishers join together to felicitate the patriarch of the Parekh family, I would like to share with you a few thoughts about this wonderful and multifaceted . Parekh was born in 1946, into the Gujarati Baniya family of Banvantray Kalyanji Parekh in Mumbai, India. 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. 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 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. Varsha worked as an investment banking analyst at Goldman Sachs before switching to journalism. 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. After starting his business Balvant moved to flat in Sion Mumbai along with his wife, son and brother Sushil. 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. Tactics without strategy is the noise before defeat." Shrees Inspiring Quote: Once a new technology rolls over, if you are not a steamroller, then you are a part of the road. 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. He is passionate about building teams that believe in succeeding by providing high quality solutions to its customers. He loves spending time with his music, books and family. Biography. 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. Are Indian cities earthquake ready? . Pay up abroad, but play around in India. 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. Here's how the Microsoft-owned platform cracked the India growth story. 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. Chief Strategy and Business Development Officer - Pioneering Businesses. One of India's richest men with an estimated family fortune of $1.3 billion (1.2 billion), Parekh owed his wealth to the glue business set up in 1959. Pidilite's key executives include M. B. Parekh and 37 others. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. (This story appears in the 28 December, 2018 issue of Forbes India. 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. The credit for turning a utilitarian product into one of India's top brands goes to Madhukar Parekh, 66, eldest son of Pidilite founder Balvant Parekh. Under his guidance, Pidilite has acquired several companies to enter international markets and enhance its product portfolio and market presence. Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. Pidilite's Madhukar Parekh has institutionalised his instinctive approach, laying the ground to perpetuate its spectacular success with focusing on product innovation. 6,064 (2020) Website: www.pidilite.com: Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai. . The great melting and eventual sinking: Have we reached the point of no return? Prior to joining Pidilite, Himashu worked with Normet International, Switzerland as the global head of Ground Control and Construction Chemicals division. This button displays the currently selected search type. Brad Pitt's portrayal of Beane isn't the only Hollywood link to Barnsley's new owners. Days Trial. How far did Baba Ramdev stretch to bag Ruchi Soya? In 2022, Pidilite Industries partnered with 100x.VC.[7]. Parekh Marketing Ltd is a Public incorporated on 09 November 1949. 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). 2-Year Pidilite - Professional Family to a Family of Professionals | Outlook Business Maithili Parekh holds a job profile that is still in its nascent stages in India. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? How to Switch from New to Old Income Tax Scheme ? Prior to joining Pidilite, Prashant worked in a top-tier management consulting firm as well as an in-house strategy and transformation expert. In 1959 they spotted another opportunity to make synthetic glue to replace the natural glue that carpenters were using at the time. When expanded it provides a list of search options that will switch the search inputs to match the current selection. [1] Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of 2019. Click here to know more. Rahul moved as President - HR in July, 2017. The company's main business interests are in adhesives and sealants. Choose your reason below and click on the Report button. Days Trial Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. Indian Chemical Councilconferred him withICC Lifetime Achievement Awardfor the year 2017. Pidilite Industries Limited specialises in retail. "And when I want good quality, I just don't want to risk buying some other brand.". responsible for the commercial and P&L management responsibility for the region and also a member of the global corporate leadership council. Pidilite is best known for Fevicol, its iconic white glue popularized. 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. This story appears in the November 4, 2012 issue of Forbes Asia. While he was studying Balvant married Kantaben. [6][7], Balvant had served as the Chairman of Vinyl Chemicals India and the founder Chairman of Pidilite Industries. 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. He strives to make Pidilite a great place to work where people are inspired to be the best they can be. [10], Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries.,[11] and one daughter, Kalpana Parekh. Rahul is a Business Leader with over 22 years of experience in FMCG and BFSI in Sales & Marketing. She was a national level athlete and now enjoys running half marathons. "Fevicol is synonymous with glue in India," acknowledges Ankur Agarwal, vice president for Indian midcaps at Nomura Securities' Mumbai office. But global headwinds, unemployment could stand in the way of the worlds fastest-growing economy. Fevicol Champion Club Reward Program 2. This story appears in the November 4, 2012 issue of Forbes Asia. Impactful branding trends 2022 set by an impactful entrepreneur Bhavik Mehta. Parekh joined family business Pidilite industries in 1971. Rahul joined Pidilite in 2010 as the President Sales and Marketing for the Art & Stationery Business. He also has the financial support for the Gujarati Sahitya Parishad. Balvant also donated INR 20 million for Bhavnagars Science City. "In a country as big as India there are plenty of opportunities; it's all about spotting them," he says. In 2009 Balvant founded Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda Gujarat India. 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