Malav A. Dani (Ashwin Dani’s Son) Age, Family, Biography & More

Some Lesser Known Facts About Malav A. Dani

• Malav A. Dani is an Indian businessman and entrepreneur. He is the second-generation scion of one of the founding families of Asian Paints Ltd and the son of business tycoon Ashwin Dani. He is a Non-executive Director and Chairman of CSR Committee at Asian Paints. Apart from that, he is also a Managing Director of Hitech Corporation Limited.

• He was born into a Hindu Jain family. His grandfather, Suryakant Dani, hailed from Kapadvanj, Kheda, Gujarat. Suryakant later moved to Mumbai, where co-founded Asian Paints, along with his three friends Champaklal Choksey, Chimanlal Choksi, and Arvind Vakil in February 1942. ^[5]Forbes India

• His father, Ashwin Dani (1944–2023), was a billionaire, businessman, and the non-executive chairman of Asian Paints Ltd, India’s largest paint company. Ashwin ranked #49 on Forbes India’s The 100 Richest Indians 2013 list for a net worth of $1310 million. ^[6]Forbes India He passed away after a brief illness on 28 September 2023. On the date of his death, his net worth was $7.8 billion.  ^[7]Forbes

• His mother, Ina Dani, is a keen yoga practitioner and a disciple of well-known yoga teacher B. K. S. Iyengar. She used to teach prenatal yoga to expectant mothers at the Iyengar Yoga Centre. The centre was set up by Ashwin and Ina at their residential building Home Villa in 1998. She has also served as managing trustee to Guruji Iyengar’s Light on Yoga Research Trust (LOYRT).

• Malav Dani’s brother Jalaj Dani is a businessman, investor, and philanthropist. He was the public face of Asian Paints for 18 years during which he worked in various capacities, including being responsible for Supply Chain and Chemicals Business and spearheading the Human Resources, Corporate Quality and Safety Functions at the group level. He resigned from Asian Paints in 2017 and became its co-promoter. He is the Chairman of Addverb Technologies and IIM Trichy and an Independent Director of HDFC and Havells.

• His brother Hasit Dani is also a businessman and a board member of Asian Paints.

• In 1999, while Malav was a student at Purdue University, he won the prestigious Burton D. Morgan Business Plan Competition, USA.

• From 1999 to 2005, he pursued various certifications at the American multinational conglomerate General Electric (GE),. These certifications included Information Management Leadership Program (IMLP) in areas like Data Warehousing, Enterprise Resources Planning Implementation (ERP), Audit Staff, and Honeywell Acquisitions & Integration. Then, he did the Quality Six Sigma Black Belt Program for two years before taking on the role of Treasury Digitization Leader at GE.

• He’s part of the boards of 12 companies connected to the Dani family. In 2005, he worked as the Senior Manager for Quality and Customer Centricity at Asian Paints for a year. In 2008, he became a director at Suryakant Paint Accessories Private Limited. On 26 February 2011, he became a director of his private investment firm, Sattava Holding and Trading, where he owns a 5.88 percent stake in Asian Paints. In 2021, this stake was valued at over Rs. 15,000 crore, which is almost $2 billion at the share price of Rs. 2,775. ^[8]The Hindu

• In 2012, he became a director at Clear Mipak Packaging Solutions and Homevilla Yoga Private Limited. In 2013, he became a director at Canes Venatici Trading and Suprasad Investments And Trading Company Private Limited. On 20 March 2017, he started serving as a director at Rayirth Holding And Trading Company Private Limited. In November 2021, he became associated with the Indian American International Chamber of Commerce (IAICC) as the Chairman of the International Board.
  

  Malav A. Dani lighting the lamp at the inauguration of IAICC South India Regional Chapter and IAICC Karnataka State Chapter in December 2022

• From 2007 to 2022, he held the position of Executive Director of Hitech Group, a BSE-listed plastic and packaging company. In 2011, he took up the role of Joint Managing Director at Hitech Group. Following this, he became its Managing Director. He also played the role of Process Advisor & Evaluator at Hitech Plast Ltd, leading the company to be recognized as “Asia’s 100 Best & Fastest Growing Manufacturing Companies of 2013-14” by World Consulting and Research Corporation (WCRC) in partnership with 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 acknowledged as India’s Best Plastic Packaging Solutions Company. Hitech also won the ‘India’s Best Company of the Year Award 2018’ by Berkshire Media LLC, USA in recognition of their creative innovations and significant contributions to the growth of the Indian economy. Other accolades Hitech achieved under his leadership include the IBC Award in 2017, the Asia Pacific Enterprise Awards in 2019, and the Asia Responsible Enterprise Award in the CSR Category in 2019.

• He won the television game show “The Deal on M&A,” which aired on NDTV Profit on 25 July 2010. In this program, two Indian companies competed to acquire a segment of a UK-based conglomerate and establish a joint venture with the British company. Malav and his team emerged as the champions of the show after successfully completing the re-bidding process.
  

  Malav A. Dani winning the award on the TV game show The Deal on M&A in 2010

• From 2009 to 2013, he served as the Chairman of ‘The Young Leaders’ Forum at the Indian Merchants’ Chamber (IMC). Over the years, he held various roles at IMC, including Chairman of the ‘Ease of Doing Business In India’ (2017-18) and Chairman of the ‘Green Mobility & Water Sustainable Committee’ (2019-20). In his capacity as Chairman, one of his accomplishments included presenting a strategic plan to the Joint Parliamentary Standing Committee on Commerce in the Rajya Sabha, with the objective of improving India’s performance in the Ease of Doing Business rankings.
• In December 2014, he gave the ‘Make in India’ Presentation at the Annual Regional Conference of Western India Regional Council (WIRC) of the Institute of Chartered Accountants of India (ICAI).

• He sold Asian Paints’ shares worth Rs. 500 crore on the stock exchanges between May 2021 and April 2022. ^[9]The Hindu

• He can speak English, Gujarati, and Hindi.

• Malav is also a yoga enthusiast and a follower of B. K. S. Iyengar like his parents. In fact, once, Malav thought about becoming a yoga instructor. However, he changed his mind after Iyengar advised him to become a businessman.