Ajay Parekh
$2.3B
Born
Jun 23, 1957
Age
68
Source of Wealth
Adhesives
Residence
Mumbai,
Citizenship
India
Marital Status
Married
Children
2
Education
- 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.
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