LeaderPortfolio
Parekh
Narendrakumar Parekh
Rank #2058
INDIAManufacturingAdhesives

Narendrakumar Parekh

Net Worth
$2.022B
0% (24h)
Narendrakumar Parekh, a prominent figure in the Indian adhesives industry, is a non-executive director of Pidilite Industries, the leading manufacturer of adhesives and sealants in India. Born in 1939, at the age of 87, he has dedicated his career to the adhesives sector, contributing significantly to the growth and success of Pidilite. His wealth source is adhesives. With an estimated net worth of $2.2 billion as of 2024, Narendrakumar Parekh has established himself as a major player in the business landscape. His career has been marked by strategic leadership and a keen understanding of market dynamics, particularly in the manufacturing sector. He is married with three children.

The Full Dossier

Early Life and Education

Narendrakumar Parekh, now 87 years old, was born in India. He pursued a Bachelor of Science in Chemical Engineering. His educational background laid the foundation for his career in the chemicals and adhesives industry.

Rise to Success

Narendrakumar Parekh is a non-executive director of Pidilite Industries, a company founded by his late brother Balvant Parekh in 1959. Pidilite is best known for its popular adhesive brand, Fevicol. Narendrakumar holds a minority stake in the company. His nephew, Madhukar Parekh, chairs the company, and his son, Apurva Parekh, serves as the executive vice chairman.

Key Business Strategies

Pidilite Industries has focused on innovation and customer service. The company's success is also attributed to its strategic marketing, particularly for its Fevicol brand. Pidilite has also expanded its product range to include construction chemicals and art materials.

Philanthropy

While specifics of Narendrakumar Parekh's philanthropic activities are not widely available, the Parekh Family Foundation was established in 2006. The core activities of the Foundation include supporting education, research, and missionary medical aid.

Career Timeline

1969

Joined Abbott Laboratories

Madhukar Parekh, Narendrakumar's nephew, joined Abbott Laboratories in the United States.

1963

Master of Science

Narendrakumar Parekh earned an M.S. in Chemical Engineering from the University of Wisconsin–Madison.

1959

Pidilite Industries Founded

Narendrakumar Parekh's brother, Balvant Parekh, founded Pidilite Industries.

Philanthropic Impact

Education and Medical AidUndisclosed

Parekh Family Foundation

The Parekh Family Foundation supports education, research, and medical aid.

Wealth Trajectory