Balvant Parekh, also known as the Fevicol Man of India, aspired to become a successful businessman. His company’s product, Pidilite, revolutionized the glue market, transforming the industry and achieving a market cap of over Rs. 1.24 trillion…
Making your own route to success requires diligence and unflinching self-confidence. Today we share with you the inspiring story of Balvant Parekh, also referred to as the Fevicol Man of India.
Shri Balvantray Kalyanji Parekh surmounted obstacles, defied the odds, and made a name for himself in the corporate world.
The journey of Balvant Parekh began in the Gujarati village of Mahuva. Despite having a natural passion for business, he moved to Mumbai to attend Government Law College because of family constraints.
While he was studying law, Mahatma Gandhi’s influence over the Quit India Movement surged over India. Balvant Parekh joined the fight for India’s freedom, putting his education on hold like many others of his generation. He actively participated in numerous humanitarian projects before going back to Mumbai to finish his degree.
Despite receiving a legal degree and passing the bar exam, Balvant had his sights set on the business world. He struggled greatly, supporting his wife in a manufacturing basement while working as a peon. His problems got worse because of his finances.
After years of struggle, he was given the chance to visit Germany, where he gained insightful business knowledge. While working for a company that represented Hoechst in India, he experienced his breakthrough. He started working for Parekh Dyechem Industries in Mumbai in 1954, when he and his brother Sushil started producing pigment emulsions for textile printing.
Pidilite was founded in India in 1959 and specializes in adhesives. Fevicol’s introduction changed the glue market and made it a standard for carpenters all over the nation. With only one little shop at the beginning, they eventually conquered the glue market, and Pidilite Industries now has a market cap of over Rs. 1.24 trillion.
Balvant Parekh’s journey serves as a tribute to the strength of tenacity and the pursuit of one’s purpose, demonstrating that success comes from forging your own route rather than imitating others.
Balvant Parekh, also known as the Fevicol Man of India, was a man who fought for India’s freedom and aspired to become a successful businessman. Despite facing family constraints and financial struggles, he pursued his passion for business and worked as a peon in a manufacturing basement. He gained valuable business knowledge while working for a company representing Hoechst in India.
In 1954, he and his brother Sushil started Parekh Dyechem Industries in Mumbai, where they produced pigment emulsions for textile printing. In 1959, they founded Pidilite Industries, a company specializing in adhesives. Fevicol’s introduction changed the glue market, making it a standard for carpenters across India. With a market cap of over Rs. 1.24 trillion, Pidilite Industries has become a global leader in the industry. Balvant Parekh’s story demonstrates the importance of diligence and self-confidence in achieving success.