BillionaireNet
family
Mahendra Choksi & family
Rank #829
INDIAManufacturingPaints

Mahendra Choksi & family

Net Worth
$4.889B
-0.87% (24h)
Mahendra Choksi, at 84, is a prominent figure in the Indian business landscape, primarily known for his association with Asian Paints, one of India's leading paint manufacturers. His career has been dedicated to the Paints industry, and as of 2024, his net worth is estimated at $5.1 billion. His wealth stems from his significant stake in Asian Paints, which he helped shape into a global leader. He is known for his contributions to the company's long-term planning and sustainable growth. The Choksi family also has a strong commitment to philanthropy, supporting educational institutions and sustainable practices. Mahendra Choksi's journey is a testament to vision, perseverance, and values-driven leadership.

The Full Dossier

Early Life

Mahendra Choksi is the son of one of the co-founders of Asian Paints, a company that began in a garage in Mumbai in 1942. He belongs to the Choksi family, one of the four founding families of Asian Paints.

Rise to Success

Mahendra Choksi has played a crucial role in maintaining and expanding the legacy of Asian Paints. He is known for his expertise in the chemical industry, particularly synthetic resins, which significantly contributed to the company's growth and success. His leadership, combined with the family's dedication, has resulted in a significant net worth.

Key Business Strategies

The Choksi family's emphasis on long-term planning and sustainable growth has played a crucial role in enabling the company to maintain its competitive edge. Mahendra Choksi's involvement in the company and his financial success are indicative of how effective leadership and strategic vision can yield impressive results.

Philanthropy

Mahendra Choksi and his family have upheld the tradition of giving back to the community. They align their philanthropic endeavors with the company's values, supporting educational institutions and promoting sustainable practices. This commitment highlights their dedication to creating a positive impact on society.

Career Timeline

2018

Took on a significant role in Asian Paints

Following the passing of Ashwin Choksi, Mahendra Choksi took on a significant role in continuing the family legacy within Asian Paints.

1942

Asian Paints Founded

Asian Paints was founded by four friends in Mumbai, with Mahendra Choksi's family being one of the founding families.

Philanthropic Impact

EducationUndisclosed

Supporting educational institutions

The Choksi family supports educational institutions.

SustainabilityUndisclosed

Promoting sustainable practices

The Choksi family promotes sustainable practices.

Wealth Trajectory