Billionaire Profile
Mahendra Choksi & family
Global Rank
#1042

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Mahendra Choksi & family

CEO, Paints
INDIA
Real-Time Net Worth
$4.028B
Estimated based on Paints stock value as of March 6, 2026
-0.33% (24h)
Age
84
Source
Paints
Industry
Manufacturing
Citizenship
INDIA

Biography

Mahendra Choksi, son of one of the founders of Asian Paints, has significantly impacted the paint industry through his leadership and dedication. His family's commitment has resulted in a net worth estimated at $6.1 billion. Holding a Bachelor of Engineering and a Master of Science from the University of Mumbai, Mahendra, along with his family, has upheld the legacy of Asian Paints, which was established in 1942 and is now a multinational corporation. The company, under professional leadership, is a market leader, offering a diverse range of paints, coatings, and home décor solutions.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Mahendra Choksi is a prominent figure in the Indian corporate landscape and is the son of one of the four co-founders of Asian Paints, a company that has been a household name for generations.

Rise to Success

The Choksi family's journey is marked by dedication and innovation. Mahendra Choksi's impact on Asian Paints and the paint industry is immeasurable. His leadership, combined with the family's dedication, has resulted in a net worth estimated at a staggering $6.1 billion. Following his brother's passing, Mahendra Choksi stepped in to carry forward the family's legacy.

Key Business Strategies

Mahendra's initial foray into the business world involved a chemical manufacturing company, which faced challenges that instilled in him the importance of resilience and adaptability. His contributions have been instrumental in maintaining the stability and continuity of the company. The company is run by a professional CEO, reflecting their commitment to modern corporate governance.

Philanthropy

Mahendra Choksi and his family have upheld the tradition of giving back to the community, aligning their philanthropic endeavors with the values of the company. From supporting educational institutions to promoting sustainable practices, the Choksi family has demonstrated a commitment to creating a positive impact on society.

Career Milestones

1942

Co-founded Asian Paints

Mahendra Choksi's father, along with three others, founded Asian Paints.

2018

Took on a significant role in Asian Paints

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

Philanthropy & Social Impact

Community Support

Community Engagement

Undisclosed

The Choksi family supports educational institutions and promotes sustainable practices.

Business Philosophy & Leadership

Notable Quotes

""a path where I could create something new and leave my mark.""

Leadership Principles

Focus on Quality

Ensuring customer loyalty and brand recognition across ventures.

Vision & Calculated Risk

Identifying lucrative opportunities and taking calculated risks to pursue them.