Madhukar Parekh
Madhukar Parekh
Joshua Navalkar
At a Glance
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Age70
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Earnings$ 3.9 Billion
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Source of earningsAdhesives
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Marital StatusMarried
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Children2
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ResidenceMumbai
Forbes India Lists
#26 India Rich List 2016
#26 India Rich List Rank 2015
#34 India Rich List Rank 2014
#42 India Rich List Rank 2013
Profile
Chairman of Pidilite Industries, founded by late father Balvant Parekh in 1954, benefited from an uptick in Pidilite shares on rising profits due to lower raw material costs. The company, now run by a professional CEO, gets more than half its $811 million revenue from adhesives and sealants but is best known for its white glue Fevicol. In April it formed a joint venture with an Italian company to make wood finishes. Four family members work at the company.
