Asian Paints LTD.
Incorporation year : 1942
Headquarter : Mumbai, India
Company Introduction
Asian Paints operates in 16 countries. It has 26 paint manufacturing facilities in the world which serve
consumers in over 65 countries. It manufactures a wide range of paints for decorative and industrial use. Its
research and technology division has over 200 highly qualified scientists for technological developments. It is
India’s leading and Asia’s fourth largest paint company. Today, it is double the size of any other paint company
in India. The nearest rivals or competing firms of the Asian Paints Ltd. are - Kansai Nerolac Paints Ltd.,
Shalimar Paints Ltd., Jenson & Nicholson (India) Ltd. and Berger Paints (India) Ltd.
Philosophy
Asian Paints aims to become one of the top five decorative coatings companies world-wide by leveraging its
expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term value
in the industrial coatings business through alliances with established global partners.
Company History
It was initially set up as a partnership firm by four friends (Champaklal H. Choksey, Suryakant
C. Dani, Arvind R. Vakil, Chimanlal N. Choksi). The company has been a market leader in paints since
1967.
Portfolio of Company; Products and Services it offers
Asian Paints manufactures wide range of paints for decorative and industrial use.
In Decorative paints, Asian Paints is present in all the four segments:
♦ Interior Wall Finishes,
♦ Exterior Wall Finishes,
♦ Enamels and
♦ Wood Finishes.
Business in News
Asian Paints ranked 1596th on Forbes World's Largest Public Corporations List 2020.
Asian Paints ranked 232nd on Forbes World's Best Employer's List 2019.
Wednesday, March 31, 2021