Billionaire Profile
Chaitanya Desai
Global Rank
#2633

Image: Bollywood Hungama | CC BY 3.0 | via Wikimedia Commons

Chaitanya Desai

CEO, Electric cables
INDIA
Real-Time Net Worth
$1.509B
Estimated based on Electric cables stock value as of April 20, 2026
+4.34% (24h)
Age
54
Source
Electric cables
Industry
Manufacturing
Citizenship
INDIA

Biography

Chaitanya Desai is an Indian businessman and the managing director of Apar Industries, a Mumbai-based company specializing in the manufacturing of electric cables, conductors, specialty oils, and lubricants. With an estimated net worth of $1.3 billion as of March 25, 2026, Chaitanya Desai's wealth stems primarily from his involvement in Apar Industries. His career includes leadership in Apar Industries, a company founded in 1958 by his father Dharamsinh Desai. He is also an angel investor. He also has a Bachelor of Science in Engineering and a Bachelor of Arts/Economics from The University of Pennsylvania and The Wharton School at the University of Pennsylvania, respectively.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Chaitanya Desai, born in 1973, hails from Akota, Vadodara district, Gujarat. He is the son of Makarandbhai Desai. His mother, Maithili Desai, is from the Mafatlal family, a prominent textile clan in Mumbai. He completed his schooling at Vidyakunj High School in Vadodara, passing the science stream examinations in 1992. He later pursued higher education, including a Bachelor of Science in Engineering from The University of Pennsylvania and a Bachelor of Arts/Economics from The Wharton School at the University of Pennsylvania.

Rise to Success

Chaitanya Desai is the managing director of Apar Industries, a 68-year-old company that manufactures conductors, electric cables, specialty oils, polymers, and lubricants. The company was originally established as Power Cables Pvt. Ltd. in 1958 by his father, Dharamsinh Desai.

Key Business Strategies

Under Chaitanya Desai's leadership, Apar Industries has expanded its operations to serve over 140 countries. The company's focus includes innovation in electric conductors, cables, transformer oils, lubricants, telecom infrastructure, and automotive components. The company has also expanded its cable division through the acquisition of Uniflex Cables in 2008, manufacturing high-tension and rubber cables in Gujarat. In 2022, actor Sonu Sood was appointed as the brand ambassador for Apar's cable and wire products.

Philanthropy

Details of Chaitanya Desai's specific philanthropic initiatives are not readily available.

Career Milestones

1958

Foundation of Power Cables Pvt. Ltd.

Chaitanya Desai's father, Dharamsinh Desai, founded Power Cables Pvt. Ltd., which later became APAR Industries, during India's electrification drive.

2004

APAR Industries Listed

Apar Industries was listed on the Bombay Stock Exchange and the National Stock Exchange of India.

2026

Forbes Billionaire List

Chaitanya Desai is listed on the Forbes Billionaires List with a net worth of $1.3 Billion