Veteran Mumbai Investor Parag Parikh Killed in Car Crash

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The Parikhs were rear-seat passengers travelling in a 2014 Volkswagen Jetta on their way to the airport when their car was broadsided by the pickup truck which ran into a utility pole.
The Jetta crashed into a tree.

OMAHA, NB: Long time Indian investor and financial advisor Parag Parikh, 61, was killed in a car accident this past Sunday, May 3, returning from the annual general body meeting of Berkshire Hathaway, the company controlled by legendary investment guru Warren Buffet. He was on his way to the airport in Omaha when the car he was travelling in was struck by a pickup truck.

Parikh had visited Houston eight years ago and his friend, Jawahar Malhotra, the publisher of Indo-American News, had arranged for an investment seminar for the well-known investment guru. Parikh also wrote weekly articles for Indo-American News for two years, giving investment advice. “This is a huge tragedy,” said Malhotra, “I am stunned by the news.”

parag parikh

Investment analyst and adviser Parag Parikh was killed in a car crash in Omaha. Nebraska on Sunday, May 3.

According to the Omaha World-Herald (, the crash happened before 7 am. Sunday in midtown Omaha as the 2014 Volkswagen Jetta Parikh was in was struck by a 2011 Chevrolet pickup. Omaha Police said Parikh of Mumbai, died at the Nebraska Medical Center. His wife, 59-year-old Geeta Parikh was in critical condition with head and chest injuries. Both were in the rear passenger seat.

Two others in the Volkswagen — 42-year-old Rajeev Thakkar of Mumbai and 29-year-old Raunak Onkar of Maharastra — sustained non-life threatening injuries. The truck’s 63-year-old driver was treated for a shoulder injury at a different hospital and released.
Police Sgt. Chuck Casey said Thakkar was driving the Volkswagen at the time of the crash. He paused at a stop sign before pulling forward into the path of the pickup truck. Police say Thakkar might face charges related to the crash.

Shailesh Shah of Mumbai said his brother-in-law Parag Parikh was a well-known stockbroker and financial planner in India and had his own private wealth management firm. He said that all four were in Omaha to attend Berkshire’s shareholder meeting and Thakkar and Onkar both worked for Parikh’s investment firm.

“Parag was a very nice gentleman, very successful,” Shah said. “It still has not sunk into me about the death of my brother-in-law. It is very sad.” The Parikhs have two sons,

Shah was scheduled to go to Beijing but on hearing the news, changed his plans to fly directly to Omaha and had still not been able to arrive till Tuesday, May 5. His cousin Darshana from Boston and other family friends from the East Coast were already with Gita in the hospital. She has several fractured ribs, a head injury and two broken vertebrae which will be operated upon Tuesday afternoon.