Under his guidance, Pidilite has acquired several companies to enter international markets and enhance its product portfolio and market presence. Interest: Anubhav loves exploring nature and a wildlife enthusiast. About. Prior to joining Pidilite, he has done multiple roles of managing a Food & FMCG rural retail business, supply chain and leading the technology function. 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. 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. The Indian economy grew at a slower-than-expected 4.4% in the December quarter compared with 6.3% in the preceding three-month period, weighed down by base normalisation and weakness in consumption. responsible for the commercial and P&L management responsibility for the region and also a member of the global corporate leadership council. Taking charge two decades ago, Madhukar sought to tap wider markets. He donated INR 20 million for Bhavnagars Science city project and also donated to Gujarati Sahitya Parishad. Pidilite's Madhukar Parekh has institutionalised his instinctive approach, laying the ground to perpetuate its spectacular success with focusing on product innovation. It has also penetrated deep into rural India.". Pidilites Madhukar Parekh has institutionalised his instinctive approach, laying the ground to perpetuate its spectacular success. Prior to joining Pidilite, Mayur served as the global CIO of Lupin Limited for 9 years, where he initiated various global initiatives in the ERP, Analytics, Manufacturing Automation, IT "The company has a strong relationship with people who influence the product--like consultants, builders, architects and civil engineering students. This article about an Indian company is a stub. 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). Pidilite Industries Limited 1996 - Present27 years Education University of Wisconsin-Madison BSChemical Engineering 1989 - 1993 University of Mumbai HSCScience 1987 - 1989 More activity by Apurva. Managing Director : Bharat Puri . Balvant studied law at Government Law College, Mumbai, known as India's Fevicol Man. COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mayank Kale and Amrit Singh's Loop is filling the gaps in health insurance. Prashants inspirational quote: "Strategy without tactics is the slowest route to victory. If it is one thing that Manish cannot resist, it is a challenge - whether it was leaving the US and returning back to India almost 25 years ago, to begin his career at an IT company (at a time when the industry was in its infancy), or to move away from IT Services to set up, grow, and lead the BPO business at Datamatics and make it a successful IPO. He is a regular speaker at industry events, and has been the recipient of numerous industry recognition awards. [5], Pidilite markets the Fevicol range of adhesives. Their latest investment was Series A - GrayQuest on Dec 13, 2022, when GrayQuest raised 309.5M. Know quake-prone zones in India Pidilite 2. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. 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. 15 pages. Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. Pidilite Industries was founded by Balvant Parekh in 1959. 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. Seven daughters who are making their mark at their family companies. Chairman Mr. Madhukar B. Parekh's 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. 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. 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. This is a BETA experience. Pay up abroad, but play around in India. Rahul moved as President - HR in July, 2017. 6,064 (2020) Website: www.pidilite.com: Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai. 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. . . . "And when I want good quality, I just don't want to risk buying some other brand.". Balvant completed his schooling in Mahuva and later went on to study law at Government Law College, Mumbai. In fact, search trends for "remote work jobs" and "work from home Company has Deloitte Haskins & Sells . Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? 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. Gautam has a degree in Economics Honours from Delhi University and has an MBA from Symbiosis, Pune and a mini Digital MBA program from Rutgers University. Mrs. Savithri Parekh. Pidilite Industries was founded by Bavant Parekh who is the father of Madhukar Parekh. 2-Year It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Parekh was born in a Jain family in Mahuva, Bhavnagar district of Gujarat, India. He too worked as an Independent non-executive of director of Excel Industries Limited. Rahuls Inspirational Quote: This too, shall pass away. News, Videos, Stock . Other key brands Fevikwik, Dr. Pankajs inspirational quote: We must sail sometimes with the wind and sometimes against it but sail we must and not drift, nor lie at anchor. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Pidilite has five members of the Parekh family in the management, with the chairman's uncle NK Parekh representing the first generation and the others forming the second generation. He was known as "Indias Fevicol Man".[1]. Balvant, who remains chairman, started out as a small trader in specialty chemicals in 1954. But can it sustain the momentum? He loves spending time with his music, books and family. Anubhav owns about 45 global patents and authored more than 40+ research articles, reviews, highlights, book chapters in peer reviewed international journals and magazines. It reported revenues of 417 million last year. Founder Chairman of Pidilite Industries 1924-2013 It is difficult to capture the essence of a man in a few words, especially if he is Shri Balvantray Kalyanji Parekh, Founder Chairman of Pidilite Industries. Apart from business management he has also managed strategy, M&A and R&D functions. Balvant completed his schooling in Mahuva and later went on to study law at Government Law College, Mumbai. He has been instrumental in driving the business growth, helping the business achieve a threefold growth from 2010 to early 2017. That's when we shifted the emphasis to the consumer markets," he says. Mrudula Parekh Net Worth, Age, Height, Weight, Husband, Wiki, Family 2023. Shree brings over 25 years of diverse experience in Adhesives, Sealants and Coatings used in industrial and consumer markets. 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 . 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. Balvant decided to start his own business with a help of investor Mohan and started importing cycle, areca nut, paper dyes from western countries. Mr. Parekhs four decade long journey has converted an unexciting product into one of the countrys top brands Fevicol. For this, he worked very closely with the Chairman and Promoter family members. Before joining Goodyear, Prabhakar has worked with Madura Coats, Asian Paints and ICI Plc in India and overseas. Father and son Kapil and Rahul Bhatia move down to No. Copyright 2019 Outlook Business!. What went wrong at Rana Kapoor's Yes Bank. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Its products can be segmented into branded consumer and bazaar products and specialty industrial chemicals. "In a country as big as India there are plenty of opportunities; it's all about spotting them," he says. So, let us delve into this article to read the success story of this brilliant lawyer who turned into an entrepreneur. "When we grow as we have, we've got to maintain that spirit of entrepreneurship and connect with all our people," he says. Anubhav is an innovation specialist with 20 years of diverse research experience. 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. Naatu Naatu to be performed live at the Oscars! Announced Date India's Fevicol Man, Balvant Parekh; How a freedom fighter, peon became billion dollar Pidilite Founder: - Summary of the Gallery Chief Operating Officer - Special Projects. 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. 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. At Pidilite, Manish has been responsible for transforming the company from being professionally run by a family, to being run by a family of professionals. Foodpanda Case Study: How the Billion Dollar Startup Model Failed? Pidilites workforce today is a happy balance of experienced professionals and young talent, which adds impetus to the companys growth. . All pages of the Website are subject to our terms and conditions and privacy policy. Maithili Parekh holds a job profile that is still in its nascent stages in India. +Includes DocuBay and TimesPrime Membership. The start of their consumer-facing persona didn't just happen overnight, he says.
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