Madhukar Parekh Net Worth

Madhukar Parekh has an estimated net worth of $3.2 billion, according to Forbes Real-Time Billionaires, Madhukar Parekh profile (figures as of October 20, 2026). That is up from $2 billion in 2020.

Madhukar Parekh is an Indian entrepreneur and the chairman of Pidilite Industries. He joined the family business in 1971 after studying chemical engineering and working in the United States. Pidilite was founded by his father, Balvant Parekh, in 1959. Under the company’s umbrella are adhesives and sealants, construction chemicals, hobby colors, art materials, and organic pigments. It is especially known for Fevicol, its white glue brand built over decades with memorable advertising.

His wealth is tied to Pidilite, where he holds a minority stake. The company is India’s leading maker of adhesives and sealants, and its product mix goes beyond glue into construction chemicals, art materials, and organic pigments. Parekh also serves as chairman and managing director of Vinyl Chemicals India Limited, and he has roles at Excel Industries Limited and Pidilite itself. Forbes put his net worth at $3.2 billion on its real-time billionaires tracker as of October 20, 2026.

How Madhukar Parekh built his fortune

Parekh’s money comes mainly from Pidilite Industries, the manufacturing company started by his father in 1959. He joined the business in 1971 and later became chairman. Pidilite has grown into a major name in adhesives and sealants, while also selling construction chemicals, art materials, hobby colors, and organic pigments. Its best-known product is Fevicol, a white glue brand that became widely recognized through long-running ad campaigns.

His fortune is linked to his minority stake in Pidilite and the strength of the company’s brands in India. The business sits in manufacturing and is centered on adhesives, but it also reaches related product categories used in homes, building work, and creative projects. Parekh’s younger brother, Ajay Parekh, also has a board seat. Outside Pidilite, Madhukar Parekh has held leadership roles at Vinyl Chemicals India Limited and Excel Industries Limited.

Forbes net worth over time

Forbes has shown several shifts in its estimate across the years. It placed Parekh at $2 billion in 2020, then $3.1 billion in 2022. By 2024, Forbes estimated $3.5 billion, before moving to $3.2 billion in 2025 and $3.3 billion in 2026 on the annual billionaires list. Those changes track the value tied to his stake in Pidilite and the market view of a company known for adhesives and related products.

The latest reading is a little lower than the 2026 annual list figure. Forbes currently shows Madhukar Parekh at $3.2 billion on its real-time tracker as of October 20, 2026. That keeps him among India’s billionaire industrialists, with wealth still anchored in the same business. Because his holdings are tied to a public manufacturing company, the estimate can move as the market changes and as investors reassess Pidilite’s business.