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Abhay Vakil

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Abhay Vakil
Born(1950-10-29)October 29, 1950[1]
Mumbai, India
DiedNovember 2, 2021(2021-11-02) (aged 71)
Mumbai, India
EducationUniversity of Mumbai
Syracuse University
Occupation(s)Non-executive director, Asian Paints Ltd
Children3

Abhay Arvind Vakil (1951–2021) was an Indian billionaire businessman, and a non-executive director of Asian Paints Ltd, India's largest paint company.[2][3] As of October 2021, his net worth was estimated at US$6.25 billion.[4] Vakil was among the 100 richest Indians.[5]

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Vakil family is ranked 61st with a net worth of $5.35 Billion.[6]

Early life

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Vakil was born in 1951 in Mumbai. His father Arvind Vakil was one of the co-founders of Asian Paints Ltd. Vakil completed his bachelor of science at the University of Mumbai, and another BS from Syracuse University in the United States.[7] Vakil joined his family business Asian Paints in 1974.[8]

Associations

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Vakil served as managing director of Asian Paints and Hitech Plast. He was also chairman of Resins and Plastics, Non Executive Director of Asian Paints, Non-Executive Director of Resins and Plastics Additional & Non-Executive Director at Asian Paints, Director of Asteroids Trading and Investments, Nehal Trading and Investments, Jalaj Trading and Investments, and Unnati Trading and Investments.[9]

Personal life

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Vakil was married, with three children, and lived in Mumbai.[4] His son Vivek Vakil works for the business.[10] He died on 2 November 2021.[11]

References

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  1. ^ "Remembrance Details". www.shraadh.in. Archived from the original on 14 February 2023. Retrieved 7 June 2022.
  2. ^ "Asian Paints appoints Abhay Vakil as additional director". Money Control. Retrieved 5 March 2015.
  3. ^ "Panache People 101: Abhay Vakil". Panache Magazine. The Economic Times. Retrieved 7 June 2022.
  4. ^ a b "Forbes profile: Abhay Vakil & family". Forbes. Retrieved 5 October 2021.
  5. ^ "India's 100 Richest People — Abhay Vakil". Forbes. Retrieved 5 March 2015.
  6. ^ "India's 100 Richest".
  7. ^ "Abhay Vakil". Reuters. Archived from the original on 2 April 2015. Retrieved 5 March 2015.
  8. ^ "In Flying Colours". Business World. Archived from the original on 18 August 2014. Retrieved 5 March 2015.
  9. ^ "Abhay A. Vakil". Bloomberg. Retrieved 5 March 2015.
  10. ^ "Asian Paints" (PDF). BSE India. Retrieved 5 March 2015.
  11. ^ Sandler, Rachel (31 December 2021). "The Billionaires Who Died In 2021". Forbes. Retrieved 7 June 2022.