Parag Desai, the executive director of Wagh Bakri, has sadly passed away at the age of 49. According to the available information on Sunday, it has been a week since he slipped outside his home in Ahmedabad while trying to protect himself from street dogs that were attacking him.
Wagh Bakri Tea Group has confirmed the news of Parag’s death. The group shared on Instagram that they are very sad to announce the passing of their beloved Shri Parag Desai.
Who is Parag Desai?
When Parag Desai passed away, he was 49 years old and held the position of Executive Director. Parag received his MBA from Long Island University in the United States. At Wagh Bakri, he was in charge of leading the sales, marketing, and export departments for the group.
Desai was initially admitted to Shelby Hospital, but was later transferred to Zydus Hospital for a surgical procedure. But unfortunately, he passed away due to a brain hemorrhage while receiving treatment. According to reports, a security guard outside the house notified the family.
Parag Desai Net Worth 2023
Today, the Wagh Bakri Tea Group is one of the leading companies in the FMCG sector. Narandas Desai founded Wagh Bakri in 1980, and his family currently manages the business. Parag Desai joined his family business in 1990. Since then, he has led Wagh Bakri to achieve a turnover of over Rs. 1500 crore.
We do not have the exact information about Parag Desai’s net worth. According to the company’s official website, Wagh Bakri Tea Group has a turnover of more than Rs. 2000 crore and distributes over 50 million kg of tea.
His Family
Parag Desai’s wife Vidisha, daughter Parisha, and other family members will miss him. Racesh Desai is the managing head of Wagh Bakri Tea Group, and Desai is his son. As well as Parag Desai, there is a brother named Paras Desai who runs the business.
Besides taking care of his parents, Desai worked for good causes. He used to be in charge of the Blind People’s Association (BPA) in Ahmedabad and the Jivdaya Charitable Trust, which ran an animal hospital in the city on its own.