Madhukar Parekh & Family net worth
Current Net Worth – $11.7 Billion (USD – 117 Crores), (Rupees – 90.6 Thousand Crores)
Madhukar Parekh short biography
|Own Net Worth||$11.7 Billion|
|Born||1946 (Age – 76)|
|Identified as||Chairman of Pidilite Industries|
|Education||University of Wisconsin, Master of Science; Bombay University, Bachelor of Science in Engineering|
Madhukar Balvantray Parekh has a net worth of $11.7 Billion (Rupees – 90,659 Crores) with his family, making him one of the Top 100 Richest men in India.
As of 2019, Madhukar is the 16th richest Indian, with a net worth of US$7.5 billion.
He is the Chairman of Pidilite Industries, a multinational corporation that manufactures adhesives and sealants, as well as building chemicals and hobby paints.
Pidilite is better known for Fevicol, the classic white adhesive that has been popularised by clever commercials over the years.
Adhesives and sealants account for more than half of the company’s $873 million in annual sales.
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Madhukar Parekh biography
|Full Name||Madhukar Balvantray Parekh|
|Height||5.4 feet, 164 cm|
Parekh was born in 1946, into the Gujarati Baniya family of Banvantray Kalyanji Parekh in Mumbai, India.
His late father, Balvant Parekh, founded the company in 1959, and Parekh and his family own a majority stake in it.
Madhukar earned a bachelor’s degree in chemical technology from the University of Mumbai’s Department of Chemical Technology and a master’s degree in chemical engineering from the University of Wisconsin in 1969.
Following his master’s degree, he went to work for Abbot Laboratories in the United States.
Parekh is the chairman and managing director of Vinyl Chemicals India Limited, as well as an Excel Industries Limited independent non-executive director.
He also works for Pidilite Industries and Vinyl Chemicals India Ltd as an Executive Director.
Private & early life
Parekh is married and lives in Mumbai, India with his two daughters.
In 1971, Parekh joined the Pidilite Industries family firm.
- Ranked 13th among India’s top 25 industry leaders by Business Today in 2012.
- Business Owner of the Year for Chemtech in 2013.
- EY Consumer Goods Entrepreneur of the Year 2014.
- Number 34 on Forbes India’s Richest People list for 2014.
Net worth statistics
- April 2020 – $2.0 B
- April 2021 – $2.4 B
The figures related to this post are estimated around fortune.