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. COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mayank Kale and Amrit Singh's Loop is filling the gaps in health insurance. When expanded it provides a list of search options that will switch the search inputs to match the current selection. LocationsView all. 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. Before joining Goodyear, Prabhakar has worked with Madura Coats, Asian Paints and ICI Plc in India and overseas. [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. . 15 pages. The Parekhs have remain actively involved, with five family members in senior management positions including Parekh's two sons. Your Reason has been Reported to the admin. 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. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. He has a minority stake in Pidilite, which is India's leading maker of adhesives and sealants. Mr. Parekhs four decade long journey has converted an unexciting product into one of the countrys top brands Fevicol. Balvant also donated INR 20 million for Bhavnagars Science City. [5], Pidilite markets the Fevicol range of adhesives. Madhukar Parekh is chairman of Pidilite Industries, a company founded by his late father, Balvant Parekh, in 1959. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. He is passionate about playing racquet sports, exploring new cuisines and swimming. The company operates in two segments Branded. What Should You Do Before Investing in Share Market, Life taught me Marketing and Entrepreneurship. - Kiran Gadakh, Spiraling their way to the top in the apparel industry is TANTUVANA, Taking the world of Sports Commentary to next level is an ace professional Roshan Ramesh Shetty, Adil Qadri, with his unique brand Adilqadri, creates ripples of growth in the online business world, Surabhi Tiwari - Success Story of Young Girl in the Entertainment Industry, Learn to be Grateful after Difficulties: Muniba Mazari Story, Preeti Chhipa Life Story: Woman Entrepreneur & Philanthropist. 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. 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. 38 on the list of Indias 100 richest. Related by financial asset: Pidilite Industries. Ram Kripal, a 28-year-old carpenter from Gorakhpur, a small town in the northern Indian state of Uttar Pradesh, swears by a white adhesive called Fevicol. 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. 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. Pidilite - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. 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 Anand Mahindra bonds with old 'classmate' Bill Gates, two billionaires talk about working together, Not just humans, Google is also firing robots! 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. His legacy: Single-handedly building Fevicol into a household brand through memorable advertising. After starting his business Balvant moved to flat in Sion Mumbai along with his wife, son and brother Sushil. Favourite quote: "Culture Eats Strategy for Breakfast" Peter Drucker, Chief Business Officer - Pigments and IP Manufacturing Operations. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. Balvant joined fifty percent partnership with a German firm Fedco representing another German company Hoechst. UPSC Wallah - What Are The Benefits Of Joining UPSC Classes? (Plastics Engineering) from University of Lowell, USA, his B.Tech in Chemical Engineering from Indian Institute of Technology, Bombay and a Diploma in Systems Management from University of Bombay. All Rights Reserved. Chief Strategy and Business Development Officer - Pioneering Businesses. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Share this highlight reel. 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 contemporary structures signify that at Pidilite, the past and the present exist in harmony. Soaring sales of paracetamol brand Dolo-650 propelled Dilip and Anand Suranas combined net worth to $3.25 billion. For this, he worked very closely with the Chairman and Promoter family members. Their latest investment was Series A - GrayQuest on Dec 13, 2022, when GrayQuest raised 309.5M. See insights on Pidilite including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [12], Balvant died on 25 January 2013 at the age of 88. This story appears in the November 4, 2012 issue of Forbes Asia. Ambuja Cements Case Study The Billion-Dollar Cement Manufacturing Company, CodeChef Startup Story - Promising Online Platform for Programmers, Arihant Mehta raises the bar for others as a confident knowledgeable, and dynamic young entrepreneur. Thank you for your comment, we value your opinion and the time you took to write to us! The company was founded by her late brother-in-law, Balvant Parekh, in 1959. President - Corporate Affairs and Special Projects. and 34; others. Foodpanda Case Study: How the Billion Dollar Startup Model Failed? 30M+ Traders and . She started off at Business India and later moved to Forbes India where she writes across industries and companies but has a bias towards startups, technology and the FMCG sector. 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. 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. Despite his great age, Balvantray Parekh, known as Balvant, was chairman of the family business which he founded with his brothers at the time of his death. He was the US representative for the Global Committee on Sealants at ISO secretariat for 4 years. 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. This Jaipur based company publishes & focuses on undiscovered, small startup stories. Apurva Parekh has made 6 investments. 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. His eldest son, Madhukar, is the present chairman of Pidilite Industries. Interestingly, 4-5 of us friends studying together for Inter-science were all among the top 10. 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. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, She keeps me on my toes! DLF Chairman KP Singh gets a second chance at love at 91. 2023 Forbes Media LLC. 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. Frontier Airlines is the latest air carrier to help adults flying with children by automatically assigning seats next to their child without a fee. Pidilite's key executives include M. B. Parekh and 37 others. Unlock your 30 days free access to ETPrime now. Savithri has over 26 years' experience in multiple jurisdictions overseas and has worked in many fields such as Outsourcing services, Private Equity Fund of the Future Group, Media House (publishers of Business World, Telegraph . He strives to make Pidilite a great place to work where people are inspired to be the best they can be. Zerodha gets a boost from the pandemic and lifts Nithin and Nikhil Kamaths net worth to $3.45 billion. Can their love last? Balvant Parekh Balvant Parekh. This motivational video is about Pidilite (Fevicol) success story in hindi, Pidilite are a market leader in adhesive, industrial and construction chemicals, . In 2022, Pidilite Industries partnered with 100x.VC.[7]. click here! Prashant joined Pidilite in Aug, 2019. Click here to know more. "The company has a strong relationship with people who influence the product--like consultants, builders, architects and civil engineering students. To read full story, subscribe to ET Prime, Billed annually at U24114MH1949PLC007858 and its registration number is 7858.Its Email address is pcpatel@pidilite.com and its registered address is MAFATLAL HOUSE 2ND FLOORBACKBAY RECLAMATION MUMBAI MH . [3] The company is the dominant and leading adhesives company in India. Subscribe to Forbes Asia. One of Mayur's achievements was to be recognized as a Young Tech Achiever by Dataquest in 2012. COMPANY PROFILE Pidilite - established as a partnership firm Parekh Dyechem Industries in 1959 Started by three brothers -Mr. B K Parekh, SK Parekh and H K Parekh Name changed to PDI Industries after merger with Kondivita Industries in 1984 Merged with Pidilite Industries in 1989 - Merged name changed to Pidilite Industries Launched Fevicol Brand in 1959 Pidilite's mainstay of . The great melting and eventual sinking: Have we reached the point of no return? Pidilite Industries was founded by Bavant Parekh who is the father of Madhukar Parekh. 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. Prior to that, he was Chairman and Managing Director at Goodyear India. 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. Amol is a BSc. 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. Under his leadership, Pidilites eCommerce business in hobby retailing was conceptualized and executed. 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.. More than half of the company's $1.3 billion in annual revenue comes from adhesives and sealants. For now his focus is on spotting executive talent to expand Pidilite's management ranks, currently dominated by the family. Not to mention the bond with carpenters like Ram Kripal. Chairman Mr. Madhukar B. 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