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Billionaire Profile
Mahendra Choksi & family
Global Rank
#926

Mahendra Choksi & family

CEO, Paints
INDIA
Real-Time Net Worth
$4.579B
Estimated based on Paints stock value as of August 10, 2026
0% (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.

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Data Updated
8/9/2026
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Wealth Over Time

Career Milestones

  1. 1

    Co-founded Asian Paints

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

  2. 2

    Took on family leadership role

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

Net Worth History

YearNet Worth
2026$4.579B
2025$4.2B
2024$5.99B
2023$5.5B
2022$6.07B
2021$4.78B
2020$3.26B

Philanthropy

Community Engagement

Education and Sustainability

The Choksi family supports educational institutions and promotes sustainable practices.

Portfolio Holdings

Asian Paints

Asian Paints

ASIANPAINT.NSmanufacturing
Ownership
52.63%
Market Cap
$23.18B
Stock Price
$2270.2
Revenue
$3.96B
Mumbai, Maharashtra, India
33.6K employees
Founded 1942

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

The Choksi family supports educational institutions and promotes sustainable practices.

Sources & References

  1. Mahendra Choksi & family — Forbes profile Forbes