The world of business recently mourned the loss of a remarkable visionary, Parag Desai, the director of Wagh Bakri, a prominent name in the Fast-Moving Consumer Goods (FMCG) sector. On October 22, 2023, Parag Desai tragically passed away in Ahmedabad, leaving behind a legacy of excellence and innovation. This article pays homage to his life and contributions.
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Summary of “How Much Was Parag Desai Net Worth”?
| Name | Parag Desai |
|---|---|
| Position | Executive Director of Wagh Bakri |
| Age | 49 years old |
| Career | Joined Wagh Bakri in the 1990s |
| Headed export, marketing, and sales departments | |
| Played a key role in the company’s success | |
| Achievement | Grew Wagh Bakri’s turnover to over Rs. 1500 crore |
| Family | Survived by wife Vidisha and daughter Parisha |
| Demise | Passed away on October 22, 2023 |
| Due to injuries sustained from a dog attack | |
| Fun Fact | Renowned as one of the best tea tasters in the industry |
The Genesis of Wagh Bakri
Wagh Bakri has a storied history. Founded by Narandas Desai in 1980, the company quickly made its mark in the FMCG industry. Today, it stands as the third-largest packaged tea company in India. Parag Desai, an executive director, played an integral role in the company’s journey to success.
A Tragic End
Parag Desai’s life was tragically cut short on October 15, 2023. As he ventured out for a morning walk, he encountered a life-threatening situation when street dogs attacked him. In a selfless act, he protected himself from the attack, but the fall resulted in a severe head injury.
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A Desperate Battle for Survival
Desperate to save their beloved entrepreneur, his security guard swiftly intervened and informed the family about the incident. Parag was admitted to Shelby Hospital on that fateful day. However, as his condition deteriorated, he was transferred to Zydus Hospital, where doctors had no option but to perform surgery.
The Unfortunate Outcome
Parag Desai’s life took a heartbreaking turn as he battled a brain hemorrhage, a condition known to have a high fatality rate. For seven days, he remained on a ventilator, but despite the best efforts of medical professionals, he succumbed to the injuries on October 22, 2023. His last rites were conducted at Thaltej crematorium the following day.
A Remarkable Legacy
Parag Desai was not only an integral part of Wagh Bakri but also one of the finest tea tasters in the industry. Under his leadership, the company achieved unprecedented success, with a turnover that exceeded the remarkable mark of Rs. 1500 crores, a milestone in the company’s history.
A Private Family Man
Parag Desai is survived by his wife, Vidisha, and their daughter, Parisha. However, he was known for keeping his family away from the media spotlight, a testament to his commitment to their privacy.
The loss of Parag Desai is not only a loss to the business world but a loss of a great leader and an even greater human being. His legacy will live on, and his contributions will always be remembered with respect and admiration.
Wiki Biodata
| Personal Information | |
|---|---|
| Full Name | Parag Desai |
| Date of Birth | March 15, 1974 |
| Age | 49 years |
| Place of Birth | Gujarat, India |
| Professional Information | |
|---|---|
| Current Position | Executive Director |
| Company | Wagh Bakri Tea Group |
| Career Start | Joined Wagh Bakri in the 1990s |
| Key Roles | Headed export, marketing, and sales departments |
| Notable Achievement | Played a pivotal role in growing Wagh Bakri’s turnover to over Rs. 1500 crore |
| Expertise | Renowned as one of the best tea tasters in the industry |
| Family Information | |
|---|---|
| Spouse | Vidisha Desai |
| Children | Daughter – Parisha Desai |
| Demise | |
|---|---|
| Date of Demise | October 22, 2023 |
| Cause of Demise | Injuries from a dog attack |