Chemical engineer Madhukar Parekh became chairman of 54-year-old flagship, Pidilite Industries, in May after the death of his father, Balvant Parekh, in January. He joined the business in 1972 and has been managing director since the early 1990s. The company, known for its popular Fevicol brand of adhesives, also makes sealants and other chemicals that are widely used by carpenters, painters and the like. Five family members, including 2 uncles, are involved in the business.