Abhay Vakil
Abhay Arvind Vakil | |
|---|---|
| Born | Template:Birth year and age Mumbai, India |
| Died | Error: Need valid birth date (second date): year, month, day |
| Occupation(s) | Entrepreneur, Businessman |
| Known for | Non-executive director at Asian Paints Ltd |
Abhay Arvind Vakil (1951–2021) was a prominent Indian billionaire entrepreneur and served as a non-executive director at Asian Paints Ltd, the leading paint manufacturer in India. By October 2021, his personal wealth was valued at approximately US$6.25 billion, placing him among the top 100 wealthiest individuals in India. The Forbes list from October 2024 ranks the Vakil family 61st nationwide, with a combined net worth of $5.35 billion.
Early life
Vakil was born in 1951 in Mumbai and was the son of Arvind Vakil, one of the founders of Asian Paints Ltd. He completed a Bachelor of Science degree at the University of Mumbai and pursued an additional B.Sc. at Syracuse University in the United States. In 1974, he became part of the family enterprise.
Associations
Throughout his career, Vakil occupied several significant leadership positions, including managing director roles at Asian Paints and Hitech Plast, as well as chairman of Resins and Plastics. He also held Non-Executive Director roles at both Asian Paints and Resins and Plastics. Additionally, he was a director for multiple investment entities such as Asteroids Trading and Investments, Nehal Trading and Investments, Jalaj Trading and Investments, and Unnati Trading and Investments.
Personal life
Vakil lived in Mumbai with his wife and three children. His son, Vivek Vakil, is actively engaged in managing the family business. Abhay Vakil passed away on 2 November 2021.