Balvantray Kalyanji Parekh was an Indian entrepreneur and founder of Pidilite Industries.
15 Facts About Balvant Parekh
Balvant Parekh finished his initial school education in Mahuva and got his law degree from Government Law College Mumbai.
Balvant Parekh never practiced law and worked in a dyeing and printing press in Mumbai.
Balvant Parekh changed job as a peon in a wood trader's office where he used to stay in the warehouse along with his wife.
Balvant Parekh decided to start his own business with a help of investor Mohan and started importing cycle, areca nut, paper dyes from western countries.
Balvant Parekh joined fifty percent partnership with a German firm Fedco representing another German company Hoechst.
In 1954 on invitation from the managing director of Hoechst Balvant Parekh went to Germany for a month.
In 1954 Balvant started trading and manufacturing of dye and industrial chemicals, pigment emulsions unit in Jacob circle Mumbai along with his brother Sushil, which he named Parekh Dyechem Industries.
Balvant Parekh started buying more stocks of Fedco and made a glue name Fevicol.
Balvant's younger brother Narendra Parekh joined his business after finishing studies from United States.
Balvant Parekh was later renamed as Pidilite Industries in 1959.
Balvant Parekh had provided support in starting an Arts and Science college in Mahuva Gujarat India.
Balvant Parekh donated INR 20 million for Bhavnagar's Science city project and donated to Gujarati Sahitya Parishad.
Balvant Parekh had served as the Chairman of Vinyl Chemicals India and the founder Chairman of Pidilite Industries.
Balvant Parekh was close friend of Dhirubhai Ambani founder of Reliance Industries and lived in the same apartment block in Usha Kiran building on Carmichael Road Mumbai.