He joins us from Beiersdorf AG where he was the Regional Head and VP of Healthcare for Beiersdorf AG, Asia Pac. 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. 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. [3] The company is the dominant and leading adhesives company in India. Anubhav owns about 45 global patents and authored more than 40+ research articles, reviews, highlights, book chapters in peer reviewed international journals and magazines. Pidilite is best known for Fevicol, its iconic white glue popularized. Pidilite Industries Limited is a public company. Birlas textiles-to-cement conglomerate, Aditya Birla group, is the new challenger in Indias paints industry, even as it faces a serious competitor in its cement stronghold. What's the Pacific Media Group? Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. Apurva Parekh is the Executive Director at Pidilite Industries Limited. responsible for the commercial and P&L management responsibility for the region and also a member of the global corporate leadership council. He has been involved with establishing Pidilites flagship offering in handicraft segment Fevicryl Fabric Glue in India and neighbouring SAARC markets. He and brother Sushil, who is vice chairman, got into manufacturing to make pigment emulsions that were used for textile printing. This change of his stream is the way of engaging with his area of passionpeople management and Pidilites way of having cross-functional movements at every level. Himanshu has a degree in civil engineering from National Institute of Technology (formerly GECT), Raipur. At ICI Plc, he managed the paints business of the company in Indonesia, Singapore and Thailand and led senior global functional roles in strategy and strategic procurement based in Europe. Subscribe to Forbes Asia. Shrees Inspiring Quote: Once a new technology rolls over, if you are not a steamroller, then you are a part of the road. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? 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. She was a national level athlete and now enjoys running half marathons. 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. Pidilite Inds. Anand Mahindra bonds with old 'classmate' Bill Gates, two billionaires talk about working together, Not just humans, Google is also firing robots! To many, Balvant Parekh was fondly known as 'BKP' and Balubhai. ), For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you, Axis Bank completes acquisition of Citi India's consumer banking business, Digital Dollar would safeguard national security: Ex-Biden advisor, Illuvium DAO prevents opening of NFT packs by Su Zhu, the founder of 3AC, Markets slippery, companies struggle to protect margins, How Sudhir Singh made Coforge a $1-billion company, Ajit Isaac and the necessity of a clear vision to create long-term impact with philanthropy, Buyer beware: How online retailers manipulate prices, and what consumers can do to protect themselves from overpaying, Family philanthropy is spreading its wings in India, IMF would rather regulate crypto instead of banning them: IMF Managing Director, Ukraine received $70M+ in crypto donations since the beginning of the war, Dr. Dutta talks about Cardiovascular Health : Congenital heart defects, Photo of the day: Mobile World Congress: Urban aircraft taxi, Giant Pinta tortoises to Catarina pupfish, 11 extinct-in-the-wild species are stuck in conservation limbo, From Balenciaga to Vivienne Westwood and Paco Rabanne, Paris Fashion Week coloured by scandal and grief, Get the latest stories, videos, and podcasts from Forbes India directly in your inbox every Saturday. Mayur is a graduate of B.Tech (Mechanical) from the Indian Institute of Technology Bombay and holds a MBA in Operations from the Indian Institute of Management Lucknow, Mumbai. Electrical Engineering, Computer Engineering from Virginia Tech Graduate School, and M. Sc. 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. (This story appears in the 28 December, 2018 issue of Forbes India. Its products can be segmented into branded consumer and bazaar products and specialty industrial chemicals. [6], The company has manufacturing facilities across India including in Mahad (Maharashtra), Vapi (Gujarat), Baddi and Kala Amb (both in Himachal Pradesh). 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 . Mrs. Savithri Parekh. 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. Thus was born Fevicol. It manufactures products which can be segmented into consumer products: art materials and stationary; food and fabric care; car products and adhesives and sealants; and speciality industrial products: industrial adhesives; industrial pigments; industrial and textile resins, leather chemicals, construction chemicals and . Before Lupin, Mayur had several years of cross-industry experience across various organisations including Eastman Kodak, SAP and Asian Paints. 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. Darpan and tablets for sales force automation 3. Here's how the Microsoft-owned platform cracked the India growth story. Copyright 2020 DigitalYug All rights reserved. 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. Apurva parekh trustee of nkp family trust 0.79 4,000,000- Indian . He changed job as a peon in a wood traders office where he used to stay in the warehouse along with his wife. He is an inspiration for all the bussing lawyers who dream of becoming an entrepreneur in the future. Balvant Parekh, chairman of Pidilite Industries, died on January 25, 2013, at the age of 88. He was the US representative for the Global Committee on Sealants at ISO secretariat for 4 years. Get your daily dose of business updates on WhatsApp. Pankaj joined Pidilite as Chief information Officer in 2011. Other key brands Fevikwik, Dr. Continuing the focus on product and brand innovation, under his leadership, Pidilite has clearly differentiated itself from competition in this otherwise generic market. 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. In 1959 they spotted another opportunity to make synthetic glue to replace the natural glue that carpenters were using at the time. 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. Parekh was born in a Jain family in Mahuva, Bhavnagar district of Gujarat, India. He loves spending time with his music, books and family. Chief Strategy and Business Development Officer - Pioneering Businesses. 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 driven by the vision to be a leader who helps teams to achieve organizational goals by coaching them to achieve their potential. M.B. 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. [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. Theres live entertainment, dinner and much bonhomie as hundreds of former managers, support staff and factory workers get together, with the company sending chauffeured cars for those who might need help getting there because of advanced age. Shri Balvantray Kalyanji Parekh founder of Indian family-controlled glue company Pidilite Industries died on January 25 at the age of 88. He strives to provide value-added services that support business success. He is passionate about playing racquet sports, exploring new cuisines and swimming. Rahul is a Post Graduate from IIM - Bangalore and B.Tech from IIT-ISMU. Prior to that, he was Chairman and Managing Director at Goodyear India. His eldest son, Madhukar, succeeded him as chief executive in 1992. 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. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal, and Acron. Unlock your 30 days free access to ETPrime now. 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. See insights on Pidilite including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Balvantray Kalyanji Parekh (1925 - 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. Know quake-prone zones in India 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. 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. Edit Personal Investments Section. The family founded the Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in 2009. 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. Anubhav is an innovation specialist with 20 years of diverse research experience. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Fevicol Champion Club Reward Program 2. 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. "We have inducted senior professionals to strengthen our management structure and reduce operational responsibilities of promoter family members,'' Apurva Parekh told TOI. Parekh joined family business Pidilite industries in 1971. His passions include reading and music. Number of Investments 6. 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. This is a BETA experience. [4] Parekh secured rank 4 in IIT JEE examination yet remained to study at UDCT. Adani doubled his fortune to $150 billion, and was the biggest gainer in both percentage and dollar terms. The business was listed in 1993, but the family retained a 70% stake. PIDILITIND Long Side in Positional Basis Opportunity Wait For Green Closing Candle Near price 2662 & Start to Long Run. 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. With a total of 40 years work experience, Amol has spent 26 years at Pidililte. Their diversified group sees a future in EVs, as profits power a 24% increase in the family fortune to $5.8 billion. 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. . MALAY RASHMIKANT PAREKH trustee of Malay Family Trust; 0%; 12,500; Individuals (NRIs/Foreign . What went wrong at Rana Kapoor's Yes Bank. Apurva Parekh has made 6 investments. Parekh served as chairman as well as managing director at Vinyl chemical India limited. [5], Parekh Joined family business Pidilite Industries in 1971[6][7], Parekh serves as the chairman and managing director of Vinyl Chemicals India Limited, an Independent non executive director of Excel Industries Limited. Madhukar was born in a Gujarati Baniya family in Mumbai, Maharastra, India, to Balvant Parekh and Kantaben. 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 . (The rest comes from specialty industrial chemicals.) 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. Rahul started his career in ITC Limited where he spent nine years across various roles and businesses. Madhukar, for one, isn't looking over his shoulder. 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. Some of the achievements and awards of Balvant are as follows: Balvant, a reputable businessman, was also a well-known philanthropist. For now his focus is on spotting executive talent to expand Pidilite's management ranks, currently dominated by the family. Further, the cap 101 comprises a cavity 102. For that she must understand their personality and the kind of art that would reflect their individuality. Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. How to Switch from New to Old Income Tax Scheme ? He is responsible for building environments that foster creativity and timeliness while driving excellence in the cycle time of new product development to market. Balvantray Kalyanji Parekh (1925 25 January 2013) was an Indian entrepreneur and founder of Pidilite Industries. Zerodha gets a boost from the pandemic and lifts Nithin and Nikhil Kamaths net worth to $3.45 billion. Choose your reason below and click on the Report button. Balvant never practiced law and worked in a dyeing and printing press in Mumbai. +Includes DocuBay and TimesPrime Membership. Balvantray Kalyanji Parekh (commonly known as Balvant Parekh) was an Indian lawyer, entrepreneur, and businessman who founded Pidilite Industries in 1959. Him as chief information Officer in 2011 ( This story appears in the cycle time new... Committee on Sealants at ISO secretariat for 4 years a reputable businessman was. B.Tech from IIT-ISMU the Regional Head and VP of Healthcare for Beiersdorf AG, Asia Pac music, and! Flagship offering in handicraft segment Fevicryl Fabric glue in India and neighbouring SAARC markets that business... ; s the Pacific Media Group Committee on Sealants at ISO secretariat for 4.... Timeliness while driving excellence in the family fortune to $ 5.8 billion for Semantics! More at Craft with 20 years of diverse research experience diversified Group sees a future in,. 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