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Mahendra Choksi & family

Mahendra Choksi & family

M. family
-0.34% | - $-14.83M
$4.3 B ₹ 39,133 Cr
Real Time Net Worth #975 Ranking as of 21 Feb 2026 By Forbes

More on Mahendra Choksi & family

Gender

Male

Age

84Y

Country

India

Born On

January, 1942

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Asian Paints

Titles

Shareholder

Sources of Wealth

Asian Paints

Industry

Manufacturing, Paints, Chemicals

About Mahendra Choksi & family


M ahendra Choksi is a member of one of the four founding families of Asian Paints, India's largest paint company and a dominant force in the global coatings industry. The company was established in a garage in Mumbai in 1942 by his father, Champaklal Choksi, and three partners. From its humble beginnings, Asian Paints grew into a market leader through its powerful branding, an unrivaled distribution network that reaches every corner of India, and a pioneering early adoption of supply chain technology.

While the company has long been professionally managed, the founding families, including the Choksis, Danis, Vaki's, and Amins, collectively retain a majority ownership stake, which is the source of their immense, multi-generational wealth. Mahendra Choksi served on the company's board for many years, helping to guide its strategy before stepping down. He is not involved in the day-to-day operations, but his family's shareholding in the blue-chip company makes them one of the wealthiest families in India.

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Quick Reads


  • His family is one of the four founding families of Asian Paints.
  • His father, Champaklal Choksi, was a co-founder in 1942.
  • Asian Paints is India's largest and Asia's third-largest paint company.
  • The founding families collectively own a majority stake in the company.
  • He previously served on the company's board of directors.

Early Life and Background


Mahendra Choksi is an Indian businessman, the billionaire Co-owner and Executive of Asian Paints Limited (NSE: ASIANPAINT), one of India's largest and most dominant paint and coatings companies. His wealth is generational, tied to the industrial empire founded by his father, Chimanlal Choksi, and three partners in 1942.

Choksi's career is defined by generational stewardship and industrial governance. He is a key member of the Choksi family, who, along with the Vakil and Dani families, controls the massive publicly traded company. His structural role is tied to driving operational excellence and technological innovation in the coatings supply chain.

  • Asian Paints Limited (Co-owner & Executive): The core publicly traded asset, one of India's largest paint companies (dominating the domestic and Asian coatings market).
  • Industrial Focus: His success is built on scale manufacturing and vertical integration across the paint and coatings supply chain.
  • Family Governance: He and the Choksi, Vakil, and Dani families maintain controlling stakes, ensuring long-term private ownership.
  • Retail Dominance: The company has become the market leader in interior and exterior paints across India.

Career Journey of Mahendra Choksi & family


Mahendra Choksi's strategic leadership involves managing the continuous manufacturing and R&D for high-quality paints and coatings within Asian Paints. His structural contribution is tied to the massive industrial scaling of paint production in India and its successful international expansion (operating in over 19 countries).

His wealth is secured by the colossal, long-term, stable profitability of the essential industrial chemical and coatings sector. He and the controlling families maintain a strong commitment to technological leadership and brand quality.

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Mahendra Choksi & family's Timeline


1942:

Asian Paints is founded by his father, Chimanlal Choksi, and three partners (Founding).

1970s (approx.):

Mahendra Choksi assumes an executive role (Executive Ascent).

Ongoing:

Asian Paints executes its successful IPO and expands its global footprint (Financial Milestone).

Ongoing:

Continues as Co-owner and key executive, guiding the massive paint empire (Executive Oversight).

Major Business Ventures and Investments


Mahendra Choksi's wealth is concentrated in his family's controlling stake and executive leadership role in the publicly traded industrial giant, Asian Paints Limited (NSE: ASIANPAINT).

  • Asian Paints Limited (Co-owner & Executive): The core publicly traded asset, one of India's largest paint companies (dominating the domestic and Asian coatings market).
  • Industrial Focus: His success is built on scale manufacturing and vertical integration across the paint and coatings supply chain.
  • Family Governance: He and the Choksi, Vakil, and Dani families maintain controlling stakes, ensuring long-term private ownership.
  • Retail Dominance: The company has become the market leader in interior and exterior paints across India.

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Philanthropy and Social Impact


Mahendra Choksi's social impact is structural, stemming from Asian Paints' role as a massive industrial employer and foundational supplier of essential building materials (paints and coatings) for India's housing and industrial markets. The company contributes significantly to India's industrial output.

His personal philanthropy supports various community and educational initiatives. His structural contribution is tied to the successful generational transition and stable management of a critical Indian industrial asset.

Fashion, Style, and Lifestyle


Mahendra Choksi maintains the professional, pragmatic style of an industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits or traditional Indian business attire. His aesthetic reflects serious authority and stability, typical of a leader in the high-capital industrial sector.

Residing in Mumbai, India, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, manufacturing precision, and the long-term, stable growth of the coatings supply chain.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is a Co-owner and Executive of Asian Paints Limited (one of India's largest paint companies).
  • The company was founded by his father and three partners in 1942.
  • Asian Paints is the market leader in India and operates in 19 countries.
  • His wealth is tied to the successful generational management and technological modernization of the paint industry.
  • The Choksi, Vakil, and Dani families maintain controlling stakes.
  • His estimated net worth is in the billions of dollars (2025 estimate).
  • His philosophy emphasizes quality and industrial scale.

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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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