⬅ # 551 Tsai Eng-Meng|# 553 Wolfgang Reimann

# 552 Mahendra Choksi 


Real Time Net Worth
as of 6/24/2024
$10.0M (0.18%)

# 552 Mahendra Choksi 


Real Time Net Worth
as of 6/24/2024
$10.0M (0.18%)
OccupationCo-owner, Asian Paints
Source of WealthPaints
ResidenceMumbai, India
Marital StatusMarried
EducationBachelor of Engineering, University of Mumbai; MS, University of Mumbai
Age-Adjusted Net Worth$1.15B
Mahendra Choksi
Mahendra Choksi
Net worth: $5.45B

Self-Made Score 

Wealth History

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Mahendra Choksi is the son of one of the four co-founders of Asian Paints, a leading multinational paint company headquartered in Mumbai, India.
He is the brother of the late Ashwin Choksi, a pivotal figure in the company's history.
Following the passing of Ashwin Choksi in September 2018, Mahendra Choksi took on a significant role in continuing the family legacy within Asian Paints.
His son, Manish Choksi, serves as the non-executive vice chairman of Asian Paints, ensuring continuity of family involvement in the company's leadership.
Mahendra Choksi's expertise lies in the chemical industry, particularly synthetic resins, contributing significantly to Asian Paints' growth and success.
His influence has helped shape Asian Paints into India's largest paint company by market share, with a global presence spanning over 65 countries.

Family Legacy and Asian Paints Connection

Mahendra Choksi belongs to the renowned Choksi family, one of the four founding families of Asian Paints.
The late Ashwin Choksi, a key figure in Asian Paints' history, served as the family patriarch and contributed significantly to the company's growth and success.
Following Ashwin Choksi's passing in 2018, Mahendra Choksi stepped in to continue the family's legacy within Asian Paints.
Asian Paints, founded in 1942 by four Gujarati friends including a member of the Choksi family, has grown into a multinational corporation known for its quality and innovation.
The Choksi family's commitment to Asian Paints spans generations, with Mahendra Choksi's son, Manish, actively involved in the company's leadership as the non-executive vice chairman.
Despite disputes and changes in ownership over the years, the Choksi family has remained influential in Asian Paints' operations and strategic direction.

Contributions to Asian Paints and Industry Impact

Mahendra Choksi's expertise in the chemical industry, particularly synthetic resins, has been instrumental in Asian Paints' growth and innovation.
Under his leadership and guidance, Asian Paints has become India's largest paint company by market share, known for its quality products and global presence.
The company's manufacturing operations span 26 facilities across 16 countries, showcasing its commitment to quality and global expansion.

Corporate Governance and Professionalism

While the Choksi family has played a significant role in Asian Paints' success, the company operates under a professional CEO, emphasizing modern corporate governance practices.
Asian Paints' focus on professionalism and excellence has earned it a reputation as an institution in the paint industry, blending tradition with modernity.
Despite being a family-associated business, Asian Paints prioritizes corporate governance, ensuring transparency, accountability, and sustainable growth.
The company's shareholding pattern reflects a balanced ownership structure, with the promoter group, foreign institutional investors (FIIs), domestic institutional investors (DIIs), and the public holding significant stakes.
Asian Paints' marketing and advertising strategies, including iconic campaigns like 'Har Ghar Kucch Kehta Hai,' demonstrate its commitment to connecting with consumers on emotional levels while maintaining a strong brand presence.

How long would it take you to become as rich as Mahendra Choksi?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Mahendra Choksi's net worth of $5.45B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Mahendra Choksi is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Mahendra Choksi, Paints is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey