Malav A. Dani is an Indian businessman and entrepreneur. He is a second generation descendant of the Dani family, one of the founding families of Asian Paints Limited. He is a non-executive director and chairman of the CSR committee at Asian Paints. He is also the managing director of Hitech Corporation Limited, a BSE-listed plastics and packaging company.
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Wiki/Biography
Malav Ashwin Dani was born on Wednesday, 26 November 1975 (age 48 years as in 2023) in Mumbai. Their zodiac sign is Sagittarius. From 1995 to 1999, he studied Bachelor of Science (BS) in Business Management from Purdue University, West Lafayette, Indiana, US. He earned a Master of Business Administration (MBA) degree from Columbia Business School, New York, US (2002 – 2004).
Physical Appearance
Height (Approx): 5′ 9″
Hair Colour: Black (Half Bald)
Eye colour: black
Family
He belongs to a Hindu Jain family. His grandfather was a resident of Kapadvanj, a historical town in Kheda district of Gujarat.
parents and siblings
His father, Ashwin Dani (1944–2023), was the non-executive chairman of Asian Paints Limited. He died after a brief illness on 28 September 2023.
Indian businessman Ashwin Suryakant Dani
His mother’s name is Ina Dani. She is a keen yoga practitioner and follower of yoga teacher BKS Iyengar. She taught yoga to pregnant women at the Iyengar Yoga Centre, which the husband-wife established in 1998 in their residential building, Home Villa. He has also served as the Managing Trustee of Guruji Iyengar’s Light on Yoga Research Trust (LOYRT).
Ina Ashwin Dani
He has two brothers, Jalaj Dani and Hasit Dani. Jalaj Dani is a businessman, investor and philanthropist who was the public face of Asian Paints for nearly two decades, during which he handled the human resources, supply chain and chemicals portfolio at the company. In 2017, he resigned from his leadership roles at Asian Paints and became its co-promoter. He is the Chairman of Adverb Technologies and IIM Trichy and an Independent Director of HDFC and Havells. Hasit Dani is also a businessman and a board member of Asian Paints.
Jalaj Dani, brother of Malav-e-Dani
Malav A. Dani’s brother Hasit Dani
wife and children
His marital status is unknown.
religious viewpoint
He is spiritual and believes in Veda philosophy.
livelihood
In August 1999, he began his association with the American multinational conglomerate General Electric Company (GE). He received the Information Management Leadership Program (IMLP) and Quality Six Sigma Black Belt Program certification by General Electric (1999–2005). Certifications include IMLP – Data Warehousing, IMLP – Enterprise Resources Planning Implementation (ERP), IMLP – Audit Staff, and IMLP – Honeywell Acquisition and Integration. The Treasury Digitization Leader then had a two-year Quality Six Sigma Black Belt program. Apart from being a Non-Executive Director of Asian Paints Limited, he is also the Chairman of its Corporate Social Responsibility (CSR) Committee. The company was founded by his grandfather Suryakant Dani along with his three friends Champaklal Choksi, Chimanlal Choksi and Arvind Vakil in February 1942 in Gaivadi, Girgaum, Mumbai. He was the Executive Director at Hitech Group for fifteen years. From 2007 to 2022. In 2011, he took up the role of Joint Managing Director at Hitech Group. After this he became its Managing Director. He also worked as a process consultant and evaluator for Hitech Plast Limited, leading the company to be recognized as one of the “Asia’s 100 Best and Fastest Growing Manufacturing Companies of 2013-14” by the World Consulting and Research Corporation (WCRC) in collaboration with KPMG. Selected as. Under his leadership, Hitech Plast Limited was selected as the winner in the Excellence category of the Asia Pacific Entrepreneurship Awards 2015. In March 2018, Hitech Corporation Limited was selected as India’s Best Plastic Packaging Solutions Company. Berkshire Media LLC, USA honored with ‘India’s Best Company Award 2018’ in recognition of the positive contribution of Hi-Tech in terms of its creativity and innovation and the vital role it plays in the growth of the Indian economy. Other awards Hitech has received under his leadership include the IBC Award (2017), Asia Pacific Enterprise Awards (2019), and Asia Responsible Enterprise Award under the CSR category (2019).
Malav Dani posing with the awards received by Hitech under his leadership.
He held the position of Chairman of ‘The Young Leaders Forum’ at the Indian Merchants Chamber (IMC) from 2009 to 2013. He held several positions in IMC like Chairman-Ease of Doing Business in India (2017-18) and Chairman. – Chair of the Green Mobility and Water Sustainability Committee (2019-20). As Chairman, one of his significant achievements was to present a strategic plan before the Joint Parliamentary Standing Committee on Commerce of the Rajya Sabha, aimed at enhancing India’s performance in ease of doing business rankings.
Malav Dani, President, Young Leaders Forum, Sania Mirza, Bhavana Doshi, President, IMC, at an interactive session organized by IMC in Mumbai on 19 December 2011
He is on the board of 12 companies related to the Dani family. In 2005, he became the Senior Manager of Quality and Customer Focus at Asian Paints and served in this position for a year. In 2008, he became the director of Suryakant Paint Accessories Pvt. Ltd. On 26 February 2011, he took over as director of his private investment arm, Sattva Holding & Trading, through which he holds a 5.88 percent stake in Asian Paints. In 2021, the stake was worth more than Rs. At a price of Rs 15,000 crore or about $2 billion. 2,775 per share. In 2012, he became the director of Clear Mipak Packaging Solutions and Homevilla Yoga Pvt. Ltd. In 2013, he became the director of Kens Venatici Trading and Suprasad Investments and Trading Company Pvt. Ltd. On 20 March 2017, he became a director of Rayearth Holding and Trading Company Pvt. Ltd. In November 2021, he began his association with the Indian American International Chamber of Commerce (IAICC) as the President of the International Board.
Malav Dani (second from left), President, International Chapter of Indian American International Chamber of Commerce (IAICC) exchanging MoU with Dr. Vijay Kalantri (first from left), President, MVIRDC World Trade Center Mumbai, in an interactive meeting with Captain -be provided. Ramesh Kumar Gulati, Member, Management Council, WTC Mumbai, and Shri Ajoykant Ruia, Vice President, WTC Mumbai
He sold shares of Asian Paints worth Rs. Rs 500 crore on stock exchanges between May 2021 and April 2022.
philanthropy
In 2006, he began serving as Honorary Director of the Society for Volunteer Organization (SOSVA), for service to voluntary agencies. He remained associated with SOSVA until 2008. From 2011 to 2012, she was a member of the Self-Employed Women’s Association (SEWA), where she led a project to standardize its agricultural training program as a part of the ‘Swavalambam’ initiative. In 2016, Malav started a non-profit organization called ‘Sab Ka Mangal Ho’ (Wellness for All). The objective of this organization is to make effective arrangements for yoga and value education training in orphanages across the country. They also run health care programs and projects to manage natural resources.
Awards, Honors, Achievements
- He is the recipient of the ‘Youth Icon Award’ (2010) presented by Dr. APJ Abdul Kalam for demonstrating exemplary determination towards making a positive impact on the future of the country.
- In January 2004, he won the Alexander Hamilton Corporate Treasury Award, affiliated with Columbia University, USA.
- In 2014, the Institute of Economic Studies (IES) honored Malav Dani with the Udyog Ratan Award, recognizing him as the ‘Jewel of the Industry’.
- In 2015, they received the gold status of Arogya Swasth Workplace Award from the Public Health Foundation of India for creating a healthy workplace in terms of providing the best environment for physical, mental and emotional health of their employees.
- On 17 February 2018, Malav received the ‘Business Excellence and Innovative Best Practices Award’ presented by Honorable Pranab Mukherjee, former President of India, His Excellency Kenji Hiramatsu, Ambassador of Japan and Mr. TKA Nair, former Advisor to the Prime Minister of India. New Delhi Institute of Management was honored for the most distinguished services rendered by them towards nation building.
Malav received the ‘Business Excellence and Innovative Best Practices Award’ presented by Honorable Pranab Mukherjee, former President of India, His Excellency Kenji Hiramatsu, Ambassador of Japan and Mr. TKA Nair, former Advisor to the Prime Minister of India, at the New Delhi Institute. Management on 17 February 2018
- On 7 February 2020, he was awarded the AsiaOne Young Asian Entrepreneur at the 13th edition of the Asian Business and Social Forum 2020 Summit & Awards at the Marriott Marquis Hotel in Bangkok.
- On March 31, 2023, Malav was awarded the Certificate of Special Congressional Recognition Award by the United States House of Representatives in recognition of outstanding and invaluable service to the community.
Facts/General Knowledge
- He can speak English, Gujarati and Hindi.
- In 1999, while studying at Purdue University, he won the prestigious US Burton D. Morgan Business Plan Competition.
- Like his parents, Malav is also a keen yoga practitioner and follower of BKS Iyengar. Once Malav also thought of becoming a yoga instructor. However, he abandoned the idea when Iyengar advised him to become a businessman. While talking about the same in an interview, Malav said,
Guruji is very practical – he advised me, you should be there, create jobs.
- He was the winner of the TV game show The Deal on M&A. The program was broadcast on NDTV Profit on 25 July 2010. In the show, two Indian companies bid for a business from a UK-based group to form a joint venture with a British company. At the conclusion of the re-bidding exercise, Malav and the team emerged as winners of the show.
Malav A. Dani won an award on the TV game show The Deal on M&A in 2010
- He made a ‘Make in India’ presentation at the annual regional conference of the Western India Regional Council (WIRC) of the Institute of Chartered Accountants of India (ICAI) on 5 December 2014.
- As on 28 September 2023, the net worth of Malav Dani’s father Ashwin Dani was $ 7.8 billion. With a net worth of $1310 million, he was ranked #49 on Forbes India’s 2013 list of the 100 richest Indians.
Categories: Biography
Source: vcmp.edu.vn