#1776
Ajay Parekh
India 69 years old
Overview
- Source of Wealth
- Adhesives
- Industry
- Manufacturing
- Residence
- Mumbai
- Marital Status
- Married
- Children
- 2
Assets
- Pidilite Industries139,905,000 shares @ --500331-IN
- Vinyl Chemicals (India)321,000 shares @ --524129-IN
Biography
Ajay Parekh is non-executive vice chairman of Pidilite Industries, a company founded by his late father, Balvant Parekh, in 1959.
He has a minority stake in Pidilite, which is India's leading maker of adhesives and sealants.
His older brother Madhukar Parekh, also a billionaire, is chairman of Pidilite.
Pidilite's range of products includes construction chemicals, art materials and organic pigments.
In 2020, Pidilite acquired the Indian subsidiary of U.S.-based Huntsman Group for $290 million.
About
Pidilite is best known for its iconic white glue, Fevicol, popularized over the decades with clever advertising.