Rank #3037
Ashwin Desai
Net worth $1.2B
Specialty chemicals · India
- Born
- Sep 18, 1951
- Age
- 74
- Source
- Specialty chemicals
- Residence
- Surat
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Engineering, Mumbai University
Net worth over time
Biography
- Ashwin Desai founded Surat-based speciality chemicals maker Aether Industries in 2013.
- Aether supplies chemicals to the agrochemical, pharmaceutical and oil and gas industries.
- Aether has two factories in the western Indian state of Gujarat.
- Desai took Aether public in June 2022, raising $103 million. The company's shares listed at a 10% premium making him a billionaire
- His son Rohan manages the company's business operations and son Aman manages the technical side. Desai's wife Purnima has a board seat.
- Desai's first entrepreneurial venture was a specialty chemicals business he cofounded with his brother-in-law in 1976.
- He is an avid swimmer, nature enthusiast, and writes poetry.
- Aether has bought a site in Surat in the western state of Gujarat for a new factory.
Financial assets
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