Rank #1943
Ajay Parekh
Net worth $2.2B
Adhesives · India
- Born
- Jun 23, 1957
- Age
- 68
- Source
- Adhesives
- Residence
- Mumbai
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
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.
- Pidilite is best known for its iconic white glue, Fevicol, popularized over the decades with clever advertising.
Financial assets
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