Parag Chandulal Shah
About Parag Chandulal Shah
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Parag Chandulal Shah is a Director at Thermax Limited (since 2024), Director at Kpit Technologies Limited (since 2026) and Director at Mahindra Accelo Limited (since 2010), and holds 5 more current directorships. The companies operate in Machinery and Equipment, Information Technology and Metals and Minerals. The 7 current companies with reported revenue have a combined latest revenue of ₹28,919 Cr; the largest is Thermax Limited at ₹10,962 Cr (FY 2026). Earlier, Parag Chandulal Shah was a Director at Mahindra Logistics Limited (2009–2021) and Additional Director at Mahindra Auto Steel Private Limited (2022) and 27 more.
Current companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
 Thermax Limited L29299PN1980PLC022787 | Director | 12 Dec 2024 | 1980 | ₹10,962 Cr (FY 2026) | Active |
 Kpit Technologies Limited L74999PN2018PLC174192 | Director | 29 Jan 2026 | 2018 | ₹6,541 Cr (FY 2026) | Active |
 Mahindra Accelo Limited U51900MH1978PLC020222 | Director | 22 Jul 2010 | 1978 | ₹4,565 Cr (FY 2024) | Active |
 Lumax Auto Technologies Limited L31909DL1981PLC349793 | Director | 23 Jul 2024 | 1981 | ₹3,688 Cr (FY 2025) | Active |
 Hdfc Asset Management Company Limited L65991MH1999PLC123027 | Director | 22 Jan 2019 | 1999 | ₹3,163 Cr (FY 2024) | Active |
 Psl Media & Communications Limited U99999MH1939PLC011344 | Director | 24 Apr 2013 | 1939 | ₹17.2 Lakh (FY 2025) | Active |
 The Indian And Eastern Engineer Company Private Limited U22120MH1948PTC009314 | Director | 09 Jul 2010 | 1948 | ₹12.3 Lakh (FY 2025) | Active |
| Amara Partners Llp ACB-9803 | Designated Partner | 11 Jul 2023 | 2023 | Active |
Previous companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
 Mahindra Logistics Limited L63000MH2007PLC173466 | Director | 11 Aug 2009 | 2007 | ₹7,016 Cr (FY 2026) | Active |
 Mahindra Auto Steel Private Limited U27100MH2013PTC250979 | Additional Director | 01 Apr 2022 | 2013 | ₹479 Cr (FY 2023) | Active |
 Tsubaki Conveyor Systems India Private Limited U29268PN2010PTC211779 | Director | 04 Jan 2010 | 2010 | ₹142 Cr (FY 2025) | Active |
 Mahindra Two Wheelers Limited U35911MH2008PLC185462 | Additional Director | 29 Sep 2008 | 2008 | ₹381 Cr (FY 2024) | Amalgamated |
 Blue Planet Integrated Waste Solutions Private Limited U37200PN2017PTC237767 | Additional Director | 30 Apr 2020 | 2017 | ₹6.37 Cr (FY 2025) | Active |
 Mahindra Teqo Private Limited U40100MH2016PTC271679 | Director | 15 Sep 2021 | 2016 | ₹130 Cr (FY 2022) | Active |
 Kiran Solar One Private Limited U40101MH2010PTC205236 | Director | 04 Jul 2010 | 2010 | ₹10.17 Cr (FY 2025) | Active |
| Mega Suryaurja Private Limited U40103MH2012PTC226016 | Additional Director | 27 Sep 2012 | 2012 | ₹145 Cr (FY 2025) | Active |
| Indira Agricultural Farm Pvt Ltd U01110MH1983PTC029216 | Director | 04 Sep 1996 | 1983 | Strike Off | |
| C J Industries Private Limited U25209MH1998PTC116707 | Director | 29 Sep 1998 | 1998 | ₹63,615 (FY 2016) | Strike Off |
| Hyd-Air Magnets Private Limited U27100MH1981PTC025565 | Director | 24 May 2007 | 1981 | Strike Off | |
 Mahindra Vehicle Manufacturers Limited U34100MH2007PLC171151 | Director | 02 May 2017 | 2007 | ₹5,739 Cr (FY 2021) | Amalgamated |
| Systems Marketing (India) Pvt Ltd U51900MH1985PTC037329 | Director | 02 May 1997 | 1985 | Strike Off | |
| Shah And Gala Finance Consultants Pvt Lt D U67190MH1987PTC042205 | Director | 02 May 1997 | 1987 | Strike Off |
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Frequently Asked Questions about Parag Chandulal Shah
Parag Chandulal Shah currently holds 8 directorships: Thermax Limited (Director, since 12 Dec 2024, revenue ₹10,962 Cr (FY 2026)); Kpit Technologies Limited (Director, since 29 Jan 2026, revenue ₹6,541 Cr (FY 2026)); Mahindra Accelo Limited (Director, since 22 Jul 2010, revenue ₹4,565 Cr (FY 2024)); Lumax Auto Technologies Limited (Director, since 23 Jul 2024, revenue ₹3,688 Cr (FY 2025)); Hdfc Asset Management Company Limited (Director, since 22 Jan 2019, revenue ₹3,163 Cr (FY 2024)); and 3 more.
Parag Chandulal Shah was first appointed on 04 Sep 1996 as Director at Indira Agricultural Farm Pvt Ltd. The most recent appointment on record is 29 Jan 2026 at Kpit Technologies Limited.
The 7 current companies of Parag Chandulal Shah that report revenue have a combined latest revenue of ₹28,919 Cr: Thermax Limited ₹10,962 Cr (FY 2026); Kpit Technologies Limited ₹6,541 Cr (FY 2026); Mahindra Accelo Limited ₹4,565 Cr (FY 2024); Lumax Auto Technologies Limited ₹3,688 Cr (FY 2025); Hdfc Asset Management Company Limited ₹3,163 Cr (FY 2024); and 2 more.
Parag Chandulal Shah held 29 earlier board appointments: Mahindra Logistics Limited (Director, 11 Aug 2009 to 29 Apr 2021); Mahindra Auto Steel Private Limited (Additional Director, 01 Apr 2022 to 20 Jul 2022); Tsubaki Conveyor Systems India Private Limited (Director, 04 Jan 2010 to 31 Jul 2014); Mahindra Two Wheelers Limited (Additional Director, 29 Sep 2008 to 12 Aug 2009); Blue Planet Integrated Waste Solutions Private Limited (Additional Director, 30 Apr 2020 to 29 Sep 2020); and 24 more.
The current boards of Parag Chandulal Shah's companies include Ashish Bhandari (Thermax Limited), Harsh Charandas Mariwala (Thermax Limited), Meher Pheroz Pudumjee (Thermax Limited), Pheroz Naswanjee Pudumjee (Thermax Limited), Rajani Kesari (Thermax Limited), Rajendran Arunachalam (Thermax Limited), among others.