Madhukar Parekh
Madhukar Balvantray Parekh | |
|---|---|
| Occupation | Businessman |
| Known for | Chairman of Pidilite Industries |
Madhukar Balvantray Parekh serves as the Chairman of Pidilite Industries, an internationally recognized leader in the fields of adhesives, sealants, construction chemicals, and hobby colors. By 2019, he was positioned as the 16th wealthiest individual in India, boasting a net worth estimated at US$7.5 billion. In October 2024, Forbes placed Parekh and his family at 17th on their ranking of India’s top 100 richest business figures, with a combined net worth of $14.6 billion.
Early years
As the son of Balvant Parekh, who established Pidilite Industries in 1959, Madhukar Parekh demonstrated academic excellence by securing the 4th rank in the IIT JEE exam. He earned his Bachelor's degree in Chemical Engineering from the University Department of Chemical Technology (UDCT), University of Mumbai. Subsequently, he completed a Master’s degree in Chemical Engineering at the University of Wisconsin in 1969. Following his tenure at Abbott Laboratories in the United States, he joined Pidilite Industries in 1971, playing a pivotal role in expanding the company’s prominence within the adhesives and construction chemicals sector.
Awards & Recognitions
- Positioned 13th on Business Today’s list of Top 25 Indian business leaders in 2012
- Honored as Chemtech Business Leader of the Year in 2013
- Awarded EY Entrepreneur of the Year for Consumer Products in 2014
Associations
Parekh holds multiple leadership roles, including Chairman and Managing Director of Vinyl Chemicals India Limited. He is also an independent non-executive director at Excel Industries Limited and serves as an executive director for both Pidilite Industries and Vinyl Chemicals India Ltd.