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Billionaire Profile
Mahendra Choksi & family
Global Rank
#979

Image: Unsplash Contributor | Unsplash License | via Unsplash

Mahendra Choksi & family

CEO, Paints
INDIA
Real-Time Net Worth
$4.357B
Estimated based on Paints stock value as of April 20, 2026
+2.02% (24h)
Age
84
Source
Paints
Industry
Manufacturing
Citizenship
INDIA

Biography

Mahendra Choksi, at 84 years old, is a prominent figure in the Indian business landscape, deriving his wealth from the Paints industry. As the son of one of the co-founders of Asian Paints, one of India's leading paint manufacturers, he has played a crucial role in the company's success. His expertise in the chemical industry, particularly synthetic resins, has significantly contributed to Asian Paints' growth. While the company is run by a professional CEO, the Choksi family's continued involvement, particularly through Manish Choksi as the non-executive vice-chairman, ensures the preservation of family values and a commitment to long-term vision in Asian Paints.

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

Wealth Over Time

In-Depth Profile

Early Life

Mahendra Choksi is the son of Champaklal Choksey, one of the four co-founders of Asian Paints. Asian Paints was established in 1942 in Mumbai. The company initially focused on surface coatings and latex for rubber tires.

Rise to Success

Asian Paints, under the influence of the Choksi family, grew to become India's largest paint company by market share. Mahendra Choksi's expertise in the chemical industry, especially synthetic resins, significantly aided in the company's growth. With a global presence spanning over 65 countries, Asian Paints has expanded through acquisitions and joint ventures.

Key Business Strategies

Asian Paints has consistently focused on consumer needs and innovation. The company has ventured into home improvement and decor with acquisitions of modular kitchen and bathroom fitting companies. A key strategy included establishing its own logistics network. By 1967, it became the leading paints manufacturer in the country, a position it still holds.

Philanthropy

The Choksi family is recognized for its philanthropy and community engagement, aligning its philanthropic endeavors with the values of the company.

Career Milestones

1942

Co-founded Asian Paints

Mahendra Choksi's father co-founded Asian Paints, which has grown to be a leading paint manufacturer in India.

2018

Took on family leadership role

Following the passing of Ashwin Choksi, Mahendra stepped in to continue the family legacy within Asian Paints.

Philanthropy & Social Impact

Education and Sustainability

Community Engagement

Unknown

The Choksi family supports educational institutions and promotes sustainable practices.

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