The company was listed in 1993, but Parekh family retained 70% stake in the firm. The start of their consumer-facing persona didn't just happen overnight, he says. Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. . 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. 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. Managing Director : Bharat Puri . Parekh served as chairman as well as managing director at Vinyl chemical India limited. Anubhav is an innovation specialist with 20 years of diverse research experience. Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. 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[3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. But can it sustain the momentum? Before completing his MBA, Prashant also worked for a couple of years in the technology sector with Mastek and STMicroelectronics. Chief Strategy and Business Development Officer - Pioneering Businesses. In a country as big as India there are plenty of opportunities; it's all about spotting them. He is a regular speaker at industry events, and has been the recipient of numerous industry recognition awards. Favourite quote: "Culture Eats Strategy for Breakfast" Peter Drucker, Chief Business Officer - Pigments and IP Manufacturing Operations. Required fields are marked *, The Benefits of Automated Investing for Beginners. 2-Year Get Pidilite Industries Ltd.'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. Balvant Parekh, chairman of Pidilite Industries, died on January 25, 2013, at the age of 88. Every year it publishes 500,000 copies of a furniture design book that it distributes free to carpenters. 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. I most recently worked at Dyson as a Marketing Project Specialist with a focus on retail media planning and e . 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. Chief Business Officer - International Operations, Chief Strategy and Business Development Officer - Construction Chemicals. His eldest son, Madhukar, This story appears in the November 4, 2012 issue of Forbes Asia. After the death of Hoechst managing director, company decided to do direct business. 2023 Forbes Media LLC. 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. The great melting and eventual sinking: Have we reached the point of no return? Pidilite - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. To celebrate the occasion of Mr. Parekh's 75th birthday. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Madhukar Balvantray Parekh is the eldest son of Indian entrepreneur and business Balvantray Kalyanji Parekh (founder of Pidilite Industries). 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His legacy: Single-handedly building Fevicol into a household brand through memorable advertising. Five of the family members are in senior management positions including late Balvant Parekh's two sons. This button displays the currently selected search type. and 34; others. Mr. Parekh vision to take Pidilite to the next level and build an organization not just for today, but for centuries to come in a people friendly, global atmosphere has attracted top class talent. Pidilite's key executives include M. B. Parekh and 37 others. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Do you have. 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.. He has been involved with establishing Pidilites flagship offering in handicraft segment Fevicryl Fabric Glue in India and neighbouring SAARC markets. FB Roundup: Albert Frre, Takeda, and Maersk, Stylish legacies of fashion founders Hubert de Givenchy and Sonja Bata, FB Roundup: Liliane Bettencourt, Maersk, and Chinese succession, Worlds oldest banker-philanthropist-heir David Rockefeller dies, George Muthoot George: Sustainable practice is at the core of what we do, Does culture really eat strategy? Indian Chemical Councilconferred him withICC Lifetime Achievement Awardfor the year 2017. Shri Balvantray Kalyanji Parekh founder of Indian family-controlled glue company Pidilite Industries died on January 25 at the age of 88. He was known as "India's Fevicol Man". You will hardly find anyone who is a lawyer by profession and a very successful entrepreneur and business. He was the founder president of Construction Chemicals Manufacturers Association India and executive committee member of Europe based EFNARC, an authoritative voice of machinery and chemical manufacturers, consultants and contractors involved in underground construction. Thank you for your comment, we value your opinion and the time you took to write to us! How to Switch from New to Old Income Tax Scheme ? He conducts business with the highest level of customer service, ethical standards, fairness, and transparency. While he was studying Balvant married Kantaben. Pidilite's Executive Chairman is M. B. Parekh. 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. At Vinyl Chemical India limited him withICC Lifetime Achievement Awardfor the year 2017 how to switch New... Or view presentation slides online B. 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