Early Life and Education
Ajay Parekh was born in 1957 and holds a Bachelor of Science in Chemical Engineering. He also completed his Masters in Business Administration from the University of California, Berkeley. His father, Balvant Parekh, founded Pidilite Industries in 1959, where Ajay later became involved.
Rise to Success
Ajay Parekh serves as the non-executive vice chairman of Pidilite Industries. He has a minority stake in the company, which is India's leading maker of adhesives and sealants. Pidilite's range of products includes construction chemicals, art materials, and organic pigments. The company is best known for its iconic white glue, Fevicol. In 2020, Pidilite acquired the Indian subsidiary of U.S.-based Huntsman Group.
Career Milestones
Ajay Parekh has spent 40 years in corporate governance. He is currently the Executive Director in Axtel Industries Ltd (as of Mar 2024). Prior to becoming Executive Director, Ajay Parekh was Executive Director of Axtel Industries Ltd for 2 years from 2015 to 2016. He was instrumental in the establishment and growth of Axtel Industries Ltd, contributing significantly to the setup of its manufacturing facilities and their subsequent expansion. He was appointed as a Whole-time Director of the company on August 1, 2018, and has held this position since, showcasing his long-term commitment to the company's success.
Philanthropy
I am sorry, but I am unable to locate information on Ajay Parekh's exact philanthropy amounts or specific initiatives.