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Ashwin Desai

Ashwin Desai

A. Desai
-0.34% | - $-3.94M
$1.14 B ₹ 10,391 Cr
Real Time Net Worth #2994 Ranking as of 21 Feb 2026 By Forbes

More on Ashwin Desai

Gender

Male

Age

75Y

Country

India

Born On

January, 1951

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Chemicals)

Primary Organization

Aether Industries

Titles

Founder & Managing Director

Sources of Wealth

Specialty Chemicals

Industry

Manufacturing, Chemicals

About Ashwin Desai


A shwin Desai is the founder and managing director of Aether Industries, a leading Indian manufacturer of specialty chemicals. He started his entrepreneurial journey in 1976 with a modest chemical trading business before establishing Aether Industries in 2013 to focus on advanced intermediates and specialty chemicals. The company supplies critical raw materials to the pharmaceutical, agrochemical, and oil and gas industries.

Based in Surat, Gujarat, Desai built the company into a technological powerhouse known for its complex chemistry capabilities. He successfully took Aether Industries public in 2022, a move that revealed the scale of his success and minted him as a billionaire. His story is often cited as a classic 'rags-to-riches' tale, rising from a one-room apartment to becoming one of the wealthiest individuals in his region.

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Quick Reads


Early Life and Background


Ashwin Desai is a prominent Indian entrepreneur, the founder of Aether Industries, and the richest man in Surat, Gujarat. Born into a modest family, Desai’s early years were marked by limited resources, living in a cramped one-room home.

He earned a bachelor's degree in Chemical Engineering from the Institute of Chemical Technology (ICT) in Mumbai in 1974. Driven by a strong ambition, he teamed up with his brother-in-law in 1976 to launch a chemical business while still residing in their one-room apartment, renting a small farm to manufacture sulfuryl chloride locally.

  • Core Company: Aether Industries (Specialty chemicals).
  • Education: B.E. in Chemical Engineering, ICT Mumbai (1974).
  • Honors: Awarded the Distinguished Alumnus award by ICT in 2010.

Career Journey of Ashwin Desai


Ashwin Desai’s professional career spans over four decades in the specialty chemical industry. Before founding Aether, he was a founding member of Anupam Rasayan India Limited and served as its Chairman and Managing Director until 2013.

In 2013, he established Aether Industries, focusing on innovative chemical engineering solutions, particularly continuous reaction and flow technology. Under his leadership, Aether went public in June 2022, raising $10.3 million in its IPO. This successful listing propelled Desai to billionaire status and solidified his company as a leading name in sectors like agrochemicals and pharmaceuticals.

  • Innovation Focus: Leading core competency in continuous flow technology.
  • Technical Prowess: Author/co-author of 138 publications in technical journals and holder of 17 patents.

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Ashwin Desai's Timeline


1974:

Graduated with a Chemical Engineering degree from ICT Mumbai.

1976:

Launched his first chemical venture with his brother-in-law.

2013:

Founded Aether Industries in Surat, Gujarat.

2022 (Jun):

Took Aether Industries public, becoming a billionaire.

2026 (Jan):

Continues to serve as Managing Director of Aether.

Major Business Ventures and Investments


Ashwin Desai’s wealth is concentrated in his role as the Founding Promoter and Managing Director of Aether Industries.

  • Aether Industries (Founder & MD): A leading producer of specialty chemicals with two major production facilities in Gujarat.
  • Anupam Rasayan India Ltd: Founding member and former long-term leader.
  • Professional Fellowships: Fellow of the Indian National Academy of Engineering (INAE).
  • Sector Focus: Agrochemicals, Pharmaceuticals, and Oil & Gas.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • 1. He transformed a Rs 10,046 crore empire from beginnings in a single-room home.
  • 2. He is considered the richest person in Surat, surpassing other local diamond and finance moguls.
  • 3. His sons, Dr. Aman Desai and Rohan Desai, both serve as promoters and whole-time directors at Aether.
  • 4. His first business involved renting a farm on the outskirts of Surat to handle hazardous chemicals like sulfuryl chloride that were previously only imported into India.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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