Madhukar Parekh

$2.70 B

Ranked #1510 in World

About Madhukar Parekh

Indian business magnate Madhukar Balvantray Parekh, Chairman of Pidilite Industries, a dominant force in adhesives and construction chemicals, is the 16th wealthiest Indian with a 2019 net worth of $7.5 billion. An IIT JEE top ranker, Parekh chose the University of Mumbai for his BE in Chemical Engineering and later completed his Masters in the US. With key roles at both Pidilite and Vinyl Chemicals, Parekh's leadership accolades include the EY Entrepreneur of the Year in Consumer Products for 2014.

Born

January 01, 1947

Age

79 years

Source Of Wealth

Adhesives

Industries

Manufacturing

Citizenship

India

Residence

Mumbai

Education

Bachelor of Science in Engineering, University of Mumbai

Children

2 daughters

Parent

Balvant Parekh (father)

Madhukar Balvantray Parekh, the Indian entrepreneur and Chairman of Pidilite Industries, was born into a business-oriented family. His father, Balvant Parekh, founded Pidilite Industries in 1959, laying the foundation for Madhukar's future success in the adhesives industry.

As a young boy, Madhukar displayed a keen interest in academics and excelled in his studies. He secured an impressive rank 4 in the prestigious IIT JEE examination, demonstrating his intellectual prowess and potential for future achievements.

Madhukar Parekh: Family

Madhukar Balvantray Parekh comes from a close-knit family that has played a significant role in shaping his life and career. His father, Balvant Parekh, was a visionary entrepreneur who founded Pidilite Industries and instilled in Madhukar a passion for business and innovation.

Madhukar's family has been a constant source of support and encouragement throughout his journey. They have provided him with the values, guidance, and motivation necessary to achieve success in both his personal and professional life.

Madhukar Parekh: Career Highlights

Madhukar Balvantray Parekh's career is marked by a series of notable achievements and milestones. After completing his education, he joined Abbot Laboratories USA, gaining valuable experience in the pharmaceutical industry.

In 1971, Madhukar made the decision to join the family business, Pidilite Industries. This marked a turning point in his career as he took on increasing responsibilities and played a pivotal role in transforming the company into a global leader in adhesives, sealants, construction chemicals, and hobby colors.

Madhukar Parekh: Companies

Madhukar Balvantray Parekh has been associated with several prominent companies throughout his career. He currently serves as the Chairman and Managing Director of Vinyl Chemicals India Limited, a leading manufacturer of polyvinyl acetate emulsions and resins.

Additionally, Madhukar holds the position of Independent Non-Executive Director at Excel Industries Limited, a diversified company with interests in chemicals, pharmaceuticals, and engineering. He also serves as an Executive Director of Pidilite Industries and Vinyl Chemicals India Ltd., providing strategic guidance and leadership to these organizations.

Madhukar Parekh: Major Achievements

Madhukar Balvantray Parekh's leadership and vision have resulted in several major achievements for Pidilite Industries.

Under his guidance, the company has grown exponentially, becoming a global leader in its industry.

One of Madhukar's most notable accomplishments is the successful acquisition of the Italian adhesive company, Henkel Loctite, in 2016. This strategic move significantly expanded Pidilite's global footprint and strengthened its position in the international market.

Madhukar Parekh: Awards & Achievements

Madhukar Balvantray Parekh's contributions to the business world have been widely recognized and celebrated. He has received numerous prestigious awards and accolades, including being ranked 13th on Business Today's Top 25 business leaders in India in 2012.

In 2013, Madhukar was honored with the Chemtech Business Leader of the Year award, further solidifying his reputation as an industry leader. He also received the EY Entrepreneur of the Year award in the Consumer Products category in 2014, a testament to his exceptional entrepreneurial skills and achievements.

Madhukar Parekh: Personal Life & Legacy

Madhukar Balvantray Parekh is known for his humble and down-to-earth personality. Despite his immense success, he remains grounded and approachable, maintaining strong relationships with his family, friends, and colleagues.

Madhukar's legacy is one of innovation, entrepreneurship, and philanthropy. He has made significant contributions to the Indian economy and society, creating employment opportunities and supporting various charitable causes. His commitment to excellence and social responsibility has left a lasting impact on the business world and beyond.

Madhukar Parekh: Trivia

Madhukar Balvantray Parekh is an avid reader and has a passion for collecting books. His personal library boasts an impressive collection of over 10,000 books on a wide range of subjects, reflecting his intellectual curiosity and thirst for knowledge.

In addition to his business acumen, Madhukar is also known for his love of music. He plays the guitar and enjoys listening to a variety of genres, including classical, jazz, and rock.

Wealth History

Timeline

1959

Pidilite Industries founded by Balvant Parekh, father of Madhukar Parekh.

1969

Madhukar Parekh completed Masters in Chemical Engineering from University of Wisconsin, USA.

1971

Madhukar Parekh joined family business Pidilite Industries.

2012

Madhukar Parekh ranked 13 on Business Today Top 25 business leaders in India.

2013

Madhukar Parekh received Chemtech Business leader of the Year award.

2014

Madhukar Parekh won EY Entrepreneur of the year - Consumer products award.

Madhukar Parekh : FAQs

What is Madhukar Parekh's current net worth?

Madhukar Parekh's current net worth is $2.70 billion.

What is Madhukar Parekh's current global rank among billionaires?

Madhukar Parekh holds the 1510th position globally among billionaires.

What is Madhukar Parekh's current ranking within the India?

Madhukar Parekh holds the 86th position in India.

What was the change in Madhukar Parekh's net worth compared to the previous year?

Madhukar Parekh's net worth decreased by 659.01 million dollars compared to the previous year 2025, when his net worth was 3.36 billion dollars.

What is the recent change in Madhukar Parekh's net worth?

Madhukar Parekh's net worth decreased by 30.16 million dollars recently, a 1.12% decrease, with his net worth standing at 2.70 billion dollars.

What are Madhukar Parekh's main sources of wealth?

Madhukar Parekh's main source of income comes from Adhesives.

In which industry does Madhukar Parekh primarily operate?

Madhukar Parekh is primarily involved in the Manufacturing industry.

What is Madhukar Parekh educational background?

Madhukar Parekh holds a Bachelor of Science in Engineering from the University of Mumbai.

How old is Madhukar Parekh?

Madhukar Parekh is 79 years old.

How many children does Madhukar Parekh have?

Madhukar Parekh has 2 children.

Who is Madhukar Balvantray Parekh and what is his role in the business world?

Madhukar Balvantray Parekh is a prominent Indian entrepreneur and the Chairman of Pidilite Industries, a global leader in adhesives, sealants, construction chemicals, and hobby colors.

What awards has Madhukar Balvantray Parekh received for his contributions to the business sector?

Madhukar Balvantray Parekh has received several recognitions, including ranking 13 on Business Today's Top 25 business leaders in India in 2012, the Chemtech Business Leader of the Year in 2013, and the EY Entrepreneur of the Year in the Consumer Products category in 2014.

What other executive positions does Madhukar Balvantray Parekh hold apart from Pidilite Industries?

Aside from his role at Pidilite Industries, Madhukar B. Parekh serves as the Chairman and Managing Director of Vinyl Chemicals India Limited, an Independent Non-Executive Director of Excel Industries Limited, and an Executive Director of Pidilite Industries and Vinyl Chemicals India Ltd.