I am a customer-centric digital marketer with 2 years of work experience. Seven daughters who are making their mark at their family companies. He has been instrumental in driving the business growth, helping the business achieve a threefold growth from 2010 to early 2017. Pidilites workforce today is a happy balance of experienced professionals and young talent, which adds impetus to the companys growth. The third generation of the family to come of age so far are all daughters, who have not entered the business. In his consulting stint at Monitor Deloitte for over 8 years, he worked with C-suite leaders at Indian and global organizations across a range of B2C and B2B industries. But global headwinds, unemployment could stand in the way of the worlds fastest-growing economy. He was elected to the Board of Directors of the Adhesives and Sealants Council in the USA and served for 9 years, prior to which he chaired the Committee for Adhesives at American Concrete International (ACI). Know quake-prone zones in India (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. Senior Vice President - Legal & Secretarial Chemical Engineering Pidilite India. He too worked as an Independent non-executive of director of Excel Industries Limited. Investors, Sanjiv Bajaj aur COVID-19. 5. While he was studying Balvant married Kantaben. Apart from business management he has also managed strategy, M&A and R&D functions. Large sofa sets and leisurely shutting elevators visibly conceal the power of a Rs.6,062 crore company and the success of its key brands such as Fevicol, Fevistik and M-Seal. In 2009 he founded the Balvant Parekh Centre for General Semantics and Other Human Sciences to promote the discipline in India. Balvant finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai. Recommend this stock to your friends and family. He was responsible for growing the Fevicol business and implemented some of its core building blocks, namely: 1. Continuing the focus on product and brand innovation, under his leadership, Pidilite has clearly differentiated itself from competition in this otherwise generic market. Prabhakar's inspiring quote: Everyone is honest and wants to contribute. Before joining Goodyear, Prabhakar has worked with Madura Coats, Asian Paints and ICI Plc in India and overseas. It has a revenue of $710M. India's Fevicol Man, Balvant Parekh; How a freedom fighter, peon became billion dollar Pidilite Founder: - Summary of the Gallery Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries., and one daughter, . Madhukar, for one, isn't looking over his shoulder. Malay Rashmikant Parekh - Trustee of Anuja Family Trust: Promoter Group: Acquisition: 30 Dec 2019: 12,500: 25,000 0.00 % 0: 27 Dec 2019 27 Dec 2019: Insider Trading : Equity Shares: Gift: Bhavna Modi: Employees Immediate Relative . Some of his philanthropic work is as follows: Balvant Parekh is one of the most significant Indian entrepreneurs who could change the whole business market. Manishs inspirational quote: Discipline achieves what ambition seeks. 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. His company manufactures adhesives, resins, pigments, sealants, products widely used by painters, carpenters, plumbers, etc. What's the Pacific Media Group? This button displays the currently selected search type. [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. Founder Balvant Parekh started out by making synthetic glue and pigment emulsions. Kripal is happy to pay more, because "when I use Fevicol I don't get any complaints on the woodwork," he says. How far did Baba Ramdev stretch to bag Ruchi Soya? Days Trial 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. 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.. 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 Other key brands Fevikwik, Dr. Number of Investments 6. 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. He is responsible for driving key strategic initiatives across the organization. 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. Overseas revenues contribute about 12% to total sales. Despite a slowing economy, Mumbai-based research firm Motilal Oswal predicts that demand for Pidilite's popular products will stay the course, resulting in 20% growth in revenues and earnings in the next two years. 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. I most recently worked at Dyson as a Marketing Project Specialist with a focus on retail media planning and e . He joined Abbot Laboratories USA after his master's degree. Apurva Parekh has made 6 investments. The business was listed in 1993, but the family retained a 70% stake. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. Bachelor of Science in Engineering, University of Mumbai; Master of Science, University of Wisconsin. Remote work is not going away, despite recent headlines suggesting a return to the office. After the death of Hoechst managing director, company decided to do direct business. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 [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. and Ph.D. degree from IIT Delhi in 1998 and 2002, respectively. This story appears in the November 4, 2012 issue of Forbes Asia. UPSC Wallah - What Are The Benefits Of Joining UPSC Classes? To many, Balvant Parekh was fondly known as 'BKP' and Balubhai. Rahul moved as President - HR in July, 2017. He is driven by the vision to be a leader who helps teams to achieve organizational goals by coaching them to achieve their potential. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. 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 . Announced Date The family founded the Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in 2009. But can it sustain the momentum? It has also penetrated deep into rural India.". Uploaded by Kapil Nagar. The company was founded by Dr Anil Diggiwal in 2018 and is currently a privately owned, bootstrapped organization. Pidilite now has 14 overseas subsidiaries with manufacturing operations in the U.S., Brazil, Thailand, Dubai, Egypt and Bangladesh. Parekh was born in a Jain family in Mahuva, Bhavnagar district of Gujarat, India. "The company has a strong relationship with people who influence the product--like consultants, builders, architects and civil engineering students. +Includes DocuBay and TimesPrime Membership. 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. 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The independent art consultant helps people build, archive and document their collection. Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai. 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. 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. Parekh was born in 1946, into the Gujarati Baniya family of Banvantray Kalyanji Parekh in Mumbai, India. PLAN, Yearly Balvant grandfather was a magistrate. Parekh and his family own a majority stake in the company, which was founded by his late father Balvant Parekh in 1959. So, let us delve into this article to read the success story of this brilliant lawyer who turned into an entrepreneur. Currently, Pidilite has 14 overseas subsidiaries. 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. 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