Malav A. Dani is an Indian businessman and entrepreneur. He is the second generation heir of the Danny family, one of the founding families of Asian Paints Limited. He is currently a non-executive director and chairman of the Corporate Social Responsibility Committee of Asian Paints. He is also the Managing Director of Hitech Corporation Limited, a BSE listed plastics and packaging company.
Wiki/Biography
Malav Ashwin Dani was born in Mumbai on Wednesday, 26 November 1975 (age 48 years as of 2023). His zodiac sign is Sagittarius. From 1995 to 1999, he studied for a Bachelor of Science degree in Business Administration at Purdue University in West Lafayette, Indiana, USA. He received a Master of Business Administration (MBA) from Columbia Business School in New York, USA (2002-2004).
appearance
Height (approximately): 5′ 9″
Hair color: black (semi-bald)
Eye color: black
family
He belongs to a Hindu Jain family. His grandfather came from Kapadvanj, a historic 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 on September 28, 2023 after a brief illness.
Indian businessman Ashwin Suryakant Dani
His mother’s name was Ina Denney. She is an enthusiastic yoga practitioner and a loyal follower of yoga teacher BKS Iyengar. She taught yoga to pregnant women at the Iyengar Yoga Center, which the couple established in 1998 in their residential building, Home Villa. She also serves as the Managing Trustee of the Guruji Iyengar Yoga Research Foundation (LOYRT).
Ina Ashwin Danny
He has two brothers: Jalaj Dani and Hasit Dani. Jalaj Dani is a businessman, investor and philanthropist who has been the public face of Asian Paints for about two decades, during which time he was responsible for the company’s human resources, supply chain and chemicals portfolio. In 2017, he resigned from the leadership position of Asian Paints and became a co-founder of the company. He is the Chairman of Addverb Technologies and IIM Trichy and an independent director of HDFC and Havells. Hasit Dani is also a businessman and board member of Asian Paints.
Jalaj Dani, brother of Malav A. Dani
Hasit Dani, brother of Malav A. Dani
wife and children
His marital status is unknown.
religious outlook
He was spiritual and believed in Vedic philosophy.
Profession
In August 1999, he began cooperating with the American multinational group General Electric Company (GE). He is certified in General Electric’s Information Management Leadership Program (IMLP) and Quality Six Sigma Black Belt Program (1999-2005). The certifications include IMLP (Data Warehouse), IMLP (Enterprise Resource Planning Implementation (ERP)), IMLP (Auditor) and IMLP (Honeywell Acquisition and Integration). Then came the two-year Quality Six Sigma Black Belt program before being a digital leader in the Treasury Department. In addition to being a non-executive director of Asian Paints Limited, he is also the Chairman of the company’s Corporate Social Responsibility (CSR) Committee. The company was founded by his grandfather Suryakant Dani along with his three friends Champaklal Choksey, Chimanlal Choksi and Arvind Vakil in February 1942 in Girgaon Gawadi, Mumbai. He served as Executive Chairman of Hitech Group for 15 years. 2007 to 2022. In 2011, he served as joint managing director of Hitech Group. Thereafter, he became its managing director. He also served as a process consultant and evaluator for Hitech Plast Ltd, leading the company to be recognized as one of the “100 Best and Fastest-Growing Manufacturing Companies in Asia 2013-14” jointly by World Consulting and Research Corporation (WCRC) and KPMG. Under his leadership, Hitech Plast Limited was selected as a winner in the Outstanding Category of the Asia Pacific Entrepreneurship Awards 2015. In March 2018, Hitech Corporation Ltd was selected as the Best Plastic Packaging Solutions Company in India. Berkshire Media LLC of the United States conferred the “India Company of the Year Award 2018” in recognition of Hitech’s positive contribution in creativity and innovation and its important role in India’s economic growth. Other honors received by Hitech under his leadership include the IBC Awards (2017), Asia Pacific Business Awards (2019) and Asia Responsible Business Awards (2019) under the Corporate Social Responsibility category.
Malav Dani poses with awards received by Hitech under his leadership
From 2009 to 2013, he served as Chairman of the Young Leaders Forum of the Indian Merchants Chamber (IMC). He has held various positions in IMC such as Chairman, Ease of Doing Business in India (2017-18) and Chairman – Green Transport and Water Sustainability Committee (2019-20). One of his major achievements as chairman was to propose a strategic plan to the Joint Parliamentary Standing Committee on Commerce of the Union House to improve India’s performance in the ease of doing business rankings.
Malav Dani, Chairman of Young Leaders Forum, Sania Mirza, and Bhavna Doshi, Chairman of IMC, attended the interactive session organized by IMC in Mumbai on December 19, 2011
He sits on the boards of 12 companies with ties to the Denny family. In 2005, he became the Senior Manager, Quality and Customer Center at Asian Paints and held this position for a year. In 2008, he became the Director of Suryakant Paint Accessories Private Limited. On February 26, 2011, he became a director of Sattava Holding and Trading, the private investment arm, through which he holds 5.88% stake in Asian Paints. In 2021, the shares were worth over Rs. 15,000 crore, or nearly $2 billion (in rupee terms). 2,775 per share. In 2012, he became the Director of Clear Mipak Packaging Solutions and Homevilla Yoga Private Limited. In 2013, he became a director of Canes Venatici Trading and Suprasad Investments And Trading Company Private Limited. On March 20, 2017, he became a director of Rayirth Holding And Trading Company Private Limited. In November 2021, he started working with the Indo-American International Chamber of Commerce (IAICC) as Chairman of the International Board of Directors.
Malav Dani (second left), Chairman, International Chapter, Indo-American International Chamber of Commerce (IAICC), and Dr. Vijay Kalantri (first left), Chairman, MVIRDC World Trade Center, Mumbai, during an interactive session A Memorandum of Understanding was signed with Capt. Ramesh Kumar Gulati, Member, Management Committee, World Trade Centre, Mumbai Mr. Ajoykaant Ruia, Vice Chairman, World Trade Centre, Mumbai
He sold Asian Paints shares worth Rs. 5 billion was traded on the stock exchanges between May 2021 and April 2022.
charity
In 2006, he began serving as Honorary Director of the Society for Volunteer Organization Service (SOSVA). He worked with SOSVA until 2008. From 2011 to 2012, he was a member of the Self-Employed Women’s Association (SEWA) and led a project to standardize agricultural training programs as part of the “Swavlambam” initiative. In 2016, Malav founded a non-profit organization called Sab Ka Mangal Ho (Health for All). The aim of the organization is to effectively arrange yoga and values education training in orphanages across the country. They also conduct health care programs and projects to manage natural resources.
Awards, Honors, Achievements
- He was awarded the “Yuva Icon Award” (2010) by Dr. APJ Abdul Kalam in recognition of his exemplary determination to positively impact the future of the country.
- In January 2004, he won the Alexander Hamilton Corporate Treasury Award from Columbia University.
- In 2014, the Institute of Economic Research (IES) awarded the Udyog Rattan Award to Malav Dani as a “Pearl of Industry”.
- In 2015, he received the Arogya Healthy Workplace Gold Level Award from the Public Health Foundation of India for creating a healthy workplace that provides an optimal environment for employees’ physical and mental health.
- On February 17, 2018, Malav received the “Business Award” from former President of India, His Excellency Pranab Mukherjee, Japanese Ambassador HE Kenji Hiramatsu and former Advisor to the Prime Minister of India, Mr. TKA Nair. Best Practice Award for Excellence and Innovation” New Delhi Institute of Management, New Delhi Institute of Management, in recognition of his most outstanding services to nation-building.
Malav received the ‘Business Excellence and Innovation Best Practices Award’ from His Excellency Pranab Mukherjee, Former President of India, HE Kenji Hiramatsu, Ambassador of Japan and Mr. TKA Nair, Former Advisor to Prime Minister of India, at the Institute Management in New Delhi on February 17, 2018
- He was awarded the AsiaOne Young Entrepreneur Award at the 13th Asian Business and Society Forum 2020 Summit and Awards Ceremony held at the Marriott Marquis Hotel in Bangkok on February 7, 2020.
- On March 31, 2023, the U.S. House of Representatives awarded Malaf a Certificate of Special Congressional Recognition Award in recognition of his distinguished and valuable service to the community.
Facts/Trivia
- He speaks English, Gujarati and Hindi.
- In 1999, while studying at Purdue University, he won the prestigious American Burton D. Morgan Business Plan Competition.
- Like his parents, Malav is an avid yoga practitioner and a loyal follower of BKS Iyengar. At one point, Malav even entertained the idea of becoming a yoga instructor. However, he abandoned the idea after Iyengar suggested that he become a businessman. Malav also said the same thing in an interview,
Guruji was very practical – he advised me that you should go out and create jobs. “
- He is the winner of the television game show “M&A.” The show aired on NDTV Profit on July 25, 2010. In the show, two Indian companies bid for a business of a British conglomerate and formed a joint venture with the British company. After the re-bidding campaign, Malaf and the team stood out at the show.
Malav A. Dani won the award on the TV game show “The Deal on M&A” in 2010
- On December 5, 2014, he delivered the ‘Make in India’ speech at the annual regional conference of the West India Regional Council (WIRC) of the Institute of Chartered Accountants of India (ICAI).
- As of September 28, 2023, Malav Dani’s father Ashwin Dani has a net worth of $7.8 billion. He was ranked 49th on Forbes India’s 2013 list of the 100 richest Indians with a net worth of $1.31 billion.
Categories: Biography
Source: HIS Education