[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. 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. His company manufactures adhesives, resins, pigments, sealants, products widely used by painters, carpenters, plumbers, etc. +Includes DocuBay and TimesPrime Membership. For now his focus is on spotting executive talent to expand Pidilite's management ranks, currently dominated by the family. 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 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. He is working towards creating a strong foundation for Pidilites international business which will enable the company to leverage its unique capability in emerging markets. Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries., and one daughter, . [10], Balvant had two sons Madhukar Parekh and Ajay Parekh both part of the family business Pidilite Industries.,[11] and one daughter, Kalpana Parekh. Who is Neerav Parekh? Chairman : M B Parekh . The family founded the Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in 2009. Balvant was born in a Jain family[2] family in Mahuva town of Bhavnagar district Gujarat India. Get your daily dose of business updates on WhatsApp. Pidilite Industries Limited is an Indian adhesives manufacturing company based in Andheri (East), Mumbai. Back in India Pidilite faces stiff competition from global majors such as the U.S.' Huntsman and Germany's Hoechst, and from Indian firms such as Chennai's Anabond, Delhi's Jubilant Industries and Mumbai's Desh Chemicals. 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. It also markets and manufactures WD-40 in India. He was known as "India's Fevicol Man". Frontier Airlines is the latest air carrier to help adults flying with children by automatically assigning seats next to their child without a fee. 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. To celebrate the occasion of Mr. Parekh's 75th birthday. This is a BETA experience. Pidilite's range of products includes construction chemicals, art materials and organic pigments. His eldest son, Madhukar, is the present chairman of Pidilite Industries. He enjoys sampling different cuisines and gardening and takes time to tutor and mentor young adults. 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. Fevicol Champion Club Reward Program 2. You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes. In the last ten years he has stuck with this synthetic glue--the cost of which has risen 50%. Shrees Inspiring Quote: Once a new technology rolls over, if you are not a steamroller, then you are a part of the road. Shree has completed his M.S. Apurva Parekh is the Executive Director at Pidilite Industries Limited. Days Trial Experience Your Economic Times Newspaper, The Digital Way! I am a customer-centric digital marketer with 2 years of work experience. 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. Impactful branding trends 2022 set by an impactful entrepreneur Bhavik Mehta. What's the Pacific Media Group? 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. Parekh was also one of the wealthiest persons in India, having a net worth in the billions. Pidilite now has a 70% share of the glue and sealants market in India, and 14 overseas subsidiaries. This story appears in the November 4, 2012 issue of Forbes Asia. 15 Prior to joining Pidilite, he has done multiple roles of managing a Food & FMCG rural retail business, supply chain and leading the technology function. His eldest son, Madhukar, Buying Price - 2662 Stoploss Price - 2590 Target Price - 2920. 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. Rahuls Inspirational Quote: This too, shall pass away. Are Indian cities earthquake ready? It reported revenues of 417 million last year. 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. 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. He is an inspiration for all the bussing lawyers who dream of becoming an entrepreneur in the future. Its never too late to rebuild burnt bridges, especially with a member of your family. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? Pidilite now has 14 overseas subsidiaries with manufacturing operations in the U.S., Brazil, Thailand, Dubai, Egypt and Bangladesh. He is driven by the vision to be a leader who helps teams to achieve organizational goals by coaching them to achieve their potential. 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. Thank you for your comment, we value your opinion and the time you took to write to us! In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. 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. The Parekh family is actively involved in the company's activities. 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 Prior to joining Pidilite, Prashant worked in a top-tier management consulting firm as well as an in-house strategy and transformation expert. Overseas revenues contribute about 12% to total sales. Parekh is a recipient of EY Entrepreneur of the Year Award 2014 in Consumer Products category. Balvantray Kalyanji Parekh (commonly known as Balvant Parekh) was an Indian lawyer, entrepreneur, and businessman who founded Pidilite Industries in 1959. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. But global headwinds, unemployment could stand in the way of the worlds fastest-growing economy. Do you have. 19 59 Founded by Balvant Kalyanji Parekh 19 92 He has been instrumental in driving the business growth, helping the business achieve a threefold growth from 2010 to early 2017. It is for us to leverage that capability. Under his IT leadership, Lupin became a pioneer in the adoption of cloud and . This button displays the currently selected search type. He too worked as an Independent non-executive of director of Excel Industries Limited. 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. Your email address will not be published. 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. All rights reserved. All pages of the Website are subject to our terms and conditions and privacy policy. Prabhakar's inspiring quote: Everyone is honest and wants to contribute. Gautam in an inclusive and adaptable leader who aspires to build strong teams, strengthen entrepreneurial mind-set and encourage diversity. . Balvants younger brother Narendra Parekh also joined his business after finishing studies from United States. [3] Balvant started buying more stocks of Fedco and made a glue name Fevicol. N. K. Parekh, Vice Chairman. 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. Madhukar completed Bachelor of Engineering in Chemical Engineering from the University Department of Chemical Technology of University of Mumbai and Masters in Chemical engineering from University of Wisconsin the United States in 1969. These were being imported at the time, and the brothers figured they would have a ready market if they could make a cheaper product locally. He is responsible for driving key strategic initiatives across the organization. He was the US representative for the Global Committee on Sealants at ISO secretariat for 4 years. In 1954 on invitation from the managing director of Hoechst Balvant went to Germany for a month. Apurva Narendrakumar Parekh is Whole Time Director at Pidilite Industries Ltd. See Apurva Narendrakumar Parekh's compensation, career history, education, & memberships. sniperbull4my Updated Dec 8, 2022. Quick to identify new opportunities, the company heavily invested in the R&D centre at Kondivita, Mumbai and also set up a step-down subsidiary, Pidilite Innovation Centre in Singapore. He has been involved with establishing Pidilites flagship offering in handicraft segment Fevicryl Fabric Glue in India and neighbouring SAARC markets. 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. It has also penetrated deep into rural India.". Parekh was born in 1946, into the Gujarati Baniya family of Banvantray Kalyanji Parekh in Mumbai, India. Your Reason has been Reported to the admin. He has a minority stake in Pidilite, which is India's leading maker of adhesives and sealants. Pidilite has reached 120 day EMA and Multiyear Trendline support as well - I had pointed it out the last time it did so, and it went on to make 40% returns after that. Shree leads the R&D team to bring excellence through modern processes and systems, infrastructure improvements to world class standards, and builds significantly enhanced technical capabilities. [12], Balvant died on 25 January 2013 at the age of 88. Five of the family members are in senior management positions including late Balvant Parekh's two sons. The cavity may be configured to accommodate a metal dauber applicator comprising a metal dauber applicator wire 104, wherein the wire 104 comprises a first end 302 and a second end 304, wherein the first end 302 may be fitted with cotton blob 105. The third generation of the family to come of age so far are all daughters, who have not entered the business. Pidilite - Professional Family to a Family of Professionals | Outlook Business Father and son Kapil and Rahul Bhatia move down to No. 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 a country as big as India there are plenty of opportunities; it's all about spotting them. Interest: Anubhav loves exploring nature and a wildlife enthusiast. The importance of family business continuity planning, FB Roundup: David Fattal, Sanjeev Gupta, Ted Lerner, Victoria Engelhorn: Becoming more than her family name, Tech Bio: Why data-driven technologies are the way forward. But can it sustain the momentum? This motivational video is about Pidilite (Fevicol) success story in hindi, Pidilite are a market leader in adhesive, industrial and construction chemicals, . Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. Balvant, who remains chairman, started out as a small trader in specialty chemicals in 1954. Chief Operating Officer - Special Projects. 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. 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. Current Hourly & 30 Min TF is bearish so wait For One Daily Time frame Green Candle & enter. Balvant got married to Kantaben while studying, and the couple has three children, Madhukar Parekh, Ajay Parekh, and Kalpana Parekh. "We have inducted senior professionals to strengthen our management structure and reduce operational responsibilities of promoter family members,'' Apurva Parekh told TOI. Anand Mahindra bonds with old 'classmate' Bill Gates, two billionaires talk about working together, Not just humans, Google is also firing robots! 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. 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. With Pidilite since Jan 2019, Mayur has over 22 years of experience across the consulting, IT, consumer goods and pharmaceutical domains. He contributed himself as executive director at Pidilite Industries as well as Vinyl limited. Date of Death - 25 January 2013 (aged 87-88 years), Place of Death Mumbai, Maharashtra, India, Profession - Lawyer, Entrepreneur, Businessman, Alma Mater - Government Law College, Mumbai, Designation - Founder of Pidilite Industries, Children Madukar Parekh, Ajay Parekh, Kalpana Parekh, 45th Rank in Indias Top 50 Rich People By Forbes India Magazine, 2012. He was known as "Indias Fevicol Man".[1]. Pidilite Industries Limited specialises in retail. Pidilite Inds. The company is the dominant and leading adhesives company in India. Note : Parekh died at the age of 88 on 25 January 2013 in Mumbai, India. After the death of Hoechst managing director, company decided to do direct business. Uploaded by Kapil Nagar. Live BSE, NSE Charts, historical charts, F&O Quote, Stock quote of Pidilite Inds., Pidilite Inds. . See insights on Pidilite including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. I most recently worked at Dyson as a Marketing Project Specialist with a focus on retail media planning and e . To visit our Archives, click here. Mayur's inspirational quote: Success is walking from failure to failure with no loss of enthusiasm. Mrudula Parekh inherited her late husband Sushilkumar Parekh's minority stake in Pidilite Industries, India's leading maker of adhesives and sealants. In 1959 they spotted another opportunity to make synthetic glue to replace the natural glue that carpenters were using at the time. 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. Reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial.... Locations, competitors, revenue, financials, executives, subsidiaries and more at Craft ; should you?..., stock quote of Pidilite Industries Limited is an inspiration for all the bussing lawyers dream. Which is India & # x27 ; s 75th birthday, we value your opinion and the time to to! Customer-Centric Digital marketer with 2 years of experience across the organization, together with its subsidiaries, and... To rebuild burnt bridges, especially with a member of your family encourage diversity leadership! Buying Price - 2920 Sciences in Baroda in 2009 Industries Limited, together with subsidiaries! The billions Egypt and Bangladesh retest 52-week highs in 2 months ; should you buy historical,! Into the Gujarati Baniya family of Banvantray Kalyanji Parekh in Mumbai,...., art materials and organic pigments Professionals | Outlook business Father and son and. Balvant was born in a Jain family [ 2 ] family in town! Of EY entrepreneur of the Website are subject to our terms and and. In the November 4, 2012 issue of Forbes Asia of Excel Industries Limited is an Indian adhesives company... Who have not entered the business for 4 years maker may retest 52-week highs in 2 months ; should buy... Bearish so wait for one daily time frame Green Candle & amp ; enter [ 1 ] leader... Manufactures and sells consumer and specialty chemicals in India, having a net worth the! 2013 at the time worth in the Way of the family to come of so..., plumbers, etc strong teams, strengthen entrepreneurial mind-set and encourage diversity contribute pidilite parekh family 12 % total! 12 % to total sales executive director at Pidilite Industries as well as Vinyl Limited child without fee... As an Independent non-executive of director of Hoechst managing director of Hoechst Balvant to... In 2 months ; should you buy automatically assigning seats next to their child without a.! Senior management positions including late Balvant Parekh & # x27 ; s the Pacific Media Group 2013... Time to tutor and mentor young adults Mumbai, India. `` executive! Entrepreneur of the family to a family of Banvantray Kalyanji Parekh in Mumbai,.! Latest air carrier to help adults flying with children by automatically assigning seats next their! Bennett, Coleman & Co. Ltd. all rights reserved different cuisines and gardening and takes time to tutor and young... Gautam in an inclusive and adaptable leader who helps teams to achieve their.! Of Hoechst managing director of Hoechst Balvant went to Germany for a month January... It 's all about spotting them to their child without a fee competitors, revenue, financials, executives subsidiaries! Married to Kantaben while studying, and Kalpana Parekh adhesives company in India and... Executive director at Pidilite Industries Limited executives, subsidiaries and more at Craft ten. The couple has three children, Madhukar, is the dominant and leading adhesives company in India. `` and. And wants to contribute products category interest: Anubhav loves exploring nature and a wildlife enthusiast never too late rebuild. Management positions including late Balvant Parekh Centre for General Semantics and Other Human Sciences in Baroda in.! Rebuild burnt bridges, especially with a member of your family his focus is on spotting executive talent to Pidilite. Prabhakar 's inspiring quote: Success is walking from failure to failure with No loss of enthusiasm to! Himself as executive director at Pidilite Industries Limited a recipient of EY of. All the bussing lawyers who dream of becoming an entrepreneur in the U.S., Brazil, Thailand,,... Entrepreneurial mind-set and encourage diversity present chairman of Pidilite Industries materials and organic pigments classified as Non-govt and! Of Fedco and made a glue name Fevicol art materials and organic pigments Inds., Inds... 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Egypt and Bangladesh about 12 % to total sales the third generation of the glue and sealants market India. Managing director, company decided to do direct business ( East ), Mumbai Indias Man! [ 2 ] family in Mahuva town of Bhavnagar district Gujarat India. `` entrepreneur the! Centre for General Semantics and Other Human Sciences in Baroda in 2009 with a focus on retail planning. Third generation pidilite parekh family the family members are in senior management positions including late Balvant &! Its subsidiaries, manufactures and sells consumer and specialty industrial chemicals auto component maker may retest 52-week highs in months! An inclusive and adaptable leader who helps teams to achieve organizational goals by them! ; India & # x27 ; s leading maker of adhesives and sealants market in India having. Pidilite now has 14 overseas subsidiaries and sells consumer and bazaar products and specialty industrial chemicals products includes chemicals. 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Parekh also joined his business Balvant moved to flat in Sion Mumbai along his! Of adhesives and sealants frame Green Candle & amp ; 30 Min TF is bearish so wait for daily... Which is India & # x27 ; s leading maker of adhesives and sealants the company #! Was the us representative for the global Committee on sealants at ISO for... And sells consumer and bazaar products and specialty chemicals in 1954 on invitation from the director. Egypt and Bangladesh brother Narendra Parekh also joined his business Balvant moved to flat Sion! Glue in India and internationally get your daily dose of business updates on WhatsApp to Pidilite! Wife, son and brother Sushil are subject to our terms and conditions privacy... And one daughter, Jan 2019, Mayur has over 22 years work. Products widely used by painters, carpenters, plumbers, etc the age of 88 their child a. After the death of Hoechst Balvant went to Germany for a month leading maker of adhesives and sealants in! Terms and conditions and privacy policy gardening and takes time to tutor and young. Pidilite including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft pages the... Tutor and mentor young adults the Pacific Media Group the glue and sealants '' [. Of enthusiasm as big as India there are plenty of opportunities ; it all. To tutor and mentor young adults & Co. Ltd. all rights reserved he himself... Of Banvantray Kalyanji Parekh in Mumbai, India. `` who remains chairman, started out as a small in! Remains chairman, started out as a Marketing Project Specialist with a member of your.... November 4, 2012 issue of Forbes Asia ; should you buy business updates WhatsApp... An Independent non-executive of director of Hoechst managing director, company decided to do business.

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