Madhukar Parekh

Madhukar Parekh, chairman of Pidilite Industries, founded by his late father Balvant Parekh in 1954, benefited from an uptick in Pidilite shares on rising profits due to lower raw material costs. The company, now run by a professional CEO, gets more than half its $811 million revenue from adhesives and sealants but is best known for its white glue Fevicol. In April it formed a joint venture with an Italian company to make wood finishes. Four family members work at the company.

He is among the top 100 richest Indians and Forbes global billionaires. Ranks 26th on the Forbes India Rich List 2016 with net worth $3.9 B.