A jay Parekh hails from the founding family of Pidilite Industries, the Indian adhesives manufacturing giant famous for its iconic brand Fevicol. The company was founded by his late uncle, Balvant Parekh, in 1959. Ajay's father, Sushil Parekh, also played a role in the business. The family transformed a single-product company into a household name, with Fevicol becoming a generic term for glue in India, synonymous with strong bonding.
While the family's fortune is rooted in Pidilite, Ajay Parekh has also established himself as a savvy investor in his own right. He runs a family office called Pimlico Capital. A significant portion of his personal wealth comes from a strategic early investment in the specialty chemicals firm, Alkyl Amines. He has served on the board of Alkyl Amines for years, and the massive appreciation in the company's stock value has made him a billionaire independent of his family's stake in Pidilite. His career illustrates a successful transition from a family business legacy to active and lucrative personal investing.
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Ajay Parekh is a leading executive and shareholder in Pidilite Industries, the Indian conglomerate synonymous with the iconic Fevicol brand. He is the son of the legendary founder, Shri Balvant K. Parekh (the 'Fevicol Man'), who started the company in 1959. This generational legacy provided Ajay with a childhood steeped in the values of a first-generation entrepreneur: humility, common sense, and the sheer grit required to build an empire from scratch.
Like his elder brother, Madhukar, Ajay received a top-tier education to professionalize the family business. He holds a Bachelor's degree in Chemical Engineering and completed his Masters in Business Administration (MBA) from the University of California, Berkeley. This blend of advanced chemical knowledge and global business management provided the ideal intellectual foundation for him to oversee and grow Pidilite's massive, diversified manufacturing operations.
Ajay Parekh's career has been an integral part of Pidilite's growth story for decades, where he has held the position of Executive Director and currently serves as the Non-Executive Vice Chairman. Pidilite was founded on his father's insight that the Indian adhesives market, then dominated by animal-fat glues, needed a modern, synthetic alternative—leading to the launch of Fevicol.
Ajay has played a crucial role in managing the technological, sales, and administrative complexities of transforming a single-product company into a market leader. He and his brother, Madhukar, oversaw the gradual shift in management towards professionalization, culminating in the appointment of an outsider as the company's Managing Director in 2015. This move allowed the Parekh brothers to step back from day-to-day operations and focus on larger strategic governance, innovation, and long-term vision, ensuring the multi-billion dollar enterprise remained competitive and ethical.
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Pidilite Industries is founded by his father, Balvant Parekh.
Earned a Chemical Engineering degree and an MBA from the University of California, Berkeley.
Began his career journey at Pidilite.
The family founded the 'Balvant Parekh Centre for General Semantics and Other Human Sciences'.
Stepped down as Executive Director to take on the strategic role of Non-Executive Vice Chairman, ushering in a professional Managing Director.
Began his active role as an Angel Investor, making early investments in tech startups like 'Awaaz.De'.
Continues to serve as the Non-Executive Vice Chairman of Pidilite Industries.
Ajay Parekh’s substantial wealth is primarily derived from the family's majority stake in the publicly traded Pidilite Industries, India's undisputed leader in the adhesives, sealants, and construction chemicals market.
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Ajay Parekh maintains an active interest in philanthropy, aligning with his family’s long history of charitable contributions in Gujarat and Mumbai. His interest is focused on leveraging public policy and investment to drive systemic societal change in areas like education and rule of law.
His contributions are notably directed toward non-partisan organizations working on good governance. He is a key supporter of PRAJA, a non-partisan organization dedicated to improving the quality of urban governance in India through data-driven research and advocacy, working to make democracy more accountable. He is also a donor to the 'Tree of Life Foundation' and is known for supporting organizations focused on social impact and driving sustainable development. This commitment ensures the family's legacy extends far beyond Fevicol, touching upon critical social and governmental reform.
Ajay Parekh’s lifestyle reflects the deep-rooted, traditional wealth of a highly successful Mumbai business family—disciplined, influential, and focused more on impact than public spectacle.
His style is the quintessential look of a senior Indian executive, favoring refined tailoring and quality fabrics over trend-driven fashion. His passion for chemical engineering and technology has translated into a modern investment interest as an angel investor in innovative tech startups. This interest in leveraging new technology for social good, coupled with his commitment to governance reform via organizations like PRAJA, reveals a sophisticated, intellectual approach to managing his wealth. He is primarily based in Mumbai, the financial heart of India, where his family’s multi-billion dollar enterprise is headquartered.
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“In a country as big as India there are plenty of opportunities; it’s all about spotting them.”
“The value of solidarity and support among close knit groups can never be replaced nor discounted.”
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-1.24% | -$17.01M
+0.1% | +$3.82M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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