Early Life and Family
Kalpana Parekh, born into a prominent business family in India, is the daughter of Balvant Parekh, the founder of Pidilite Industries. Pidilite is renowned for its adhesive products, particularly Fevicol, which has become a household name in India. Her upbringing within this business environment provided her with a deep understanding of the adhesives and sealants industry. Kalpana’s brother, Madhukar Parekh, currently serves as the chairman of Pidilite Industries.
Rise to Success
Kalpana Parekh's career has been marked by her involvement in the family business, Pidilite Industries. She holds a minority stake in the company and has been instrumental in its operations over the years. Pidilite's diverse product range includes adhesives, construction chemicals, art materials, and organic pigments. The company's success is attributed to innovative products and strong market presence.
Key Business Strategies
Pidilite Industries, under the leadership of the Parekh family, has employed several successful business strategies. A key factor has been the robust distribution network, reaching over 680,000 outlets across India. Multi-tier branding, with products like Fevicol for carpentry and Roff for tile installation, has catered to a wide range of consumer needs. Significant investments in research and development have led to innovative products and solutions, maintaining a competitive edge in the market.
Philanthropy
Beyond her business endeavors, Kalpana Parekh is also involved in philanthropic activities. She supports causes related to healthcare access and education for underprivileged communities. The Parekh Family Foundation was established in 2006 to embody the values of her parents, with initiatives in education, medical research, and missionary aid.