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.