Asian Paints has come a long way since its small beginnings in 1942. It was set up as a partnership firm by four friends who were willing to take on the world’s biggest, most famous paint companies operating in India at that time. Over the course of 25 years, Asian Paints became a corporate force and India's leading paints company. Driven by its strong consumer-focus and innovative spirit, the company has been the market leader in paints since 1967. Today, it is double the size of any other paint company in India.
The company also operates through ‘PPG Asian Paints Pvt Ltd’ (50:50 JV between Asian Paints and PPG Inc, USA, one of the largest automotive coatings manufacturer in the world) to service the increasing requirements of the Indian automotive coatings market. The second 50:50 JV with PPG named ‘Asian Paints PPG Pvt Ltd’ services the protective, industrial powder, industrial containers and light industrial coatings markets in India. Vertical integration has seen Asian Paints diversify into chemical products such as Phthalic Anhydride and Pentaerythritol, which are used in the paint manufacturing process. The company has discontinued production of Phthalic Anhydride from end of July 2017. Today, the Asian Paints group operates in several countries across the world across four regions viz. Asia, Middle East, South Pacific and Africa through the eight corporate brands viz. Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway Paints and Kadisco.
Business area of the company
The Company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings, kitchen, wardrobe and providing related services. The company manufactures a wide range of paints for decorative and industrial use. In Decorative paints, the company is present in all the four segments v.i.z Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. It also offers Water proofing, wall coverings and adhesives in its product portfolio. In the Home Improvement and Decor category, the company is present in the Kitchen and Bath fittings space and offers various products under Sleek and Ess brand respectively.
Products:
- Paints
- Wall Coverings
- Waterproofing
- Adhesives
- Bath fittings and Sanitaryware
- Modular Kitchens and Wardrobes
- Fabric, Furnishings & Rugs
- Decorative Lightings
- uPVC Windows and Door Systems
- Furnitures
- Textures and Painting Aid
- Mechanised Tools
Services:
- Colour Consultancy
- Projects
- Beautiful Homes Painting Services
- Beautiful Homes Services
- Waterproofing Solutions
- Wood Solutions
2002: Forbes Global Magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world'.
2002: The Asset - one of Asia's leading financial magazines ranked Asian Paints amongst the leading Indian companies in Corporate Governance.
2003: Asian Paints received the Ernst & Young 'Entrepreneur of the Year - Manufacturing' award.
2003: Forbes Global Magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world'.
2005: Forbes Global Magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world' in 2002 and 2003 and amongst the top 200 'Under a Billion Firms' of Asia.
2005: Forbes Global Magazine, USA ranked Asian Paints amongst the top 200 'Under a Billion Firms' of Asia.
2005: The Asset - one of Asia's leading financial magazines ranked Asian Paints amongst the leading Indian companies in Corporate Governance.
2011: Asian Paints receives the Best Audit Committee Award from the Asian Centre for Corporate Governance & Sustainability.
2011: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2012: In March 2012, Asian Paints was presented the Asian Centre for Corporate Governance & Sustainability Award for the Best Governed Company in 2011.
2012: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2013: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2014: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2015: Asian Paints felicitated as one of the Most Impactful Companies of the Decade by CNBC Awaaz.
2015: Asian Paints included in the list of India's Super 50 companies by Forbes India.
2015: Asian Paints was ranked 11th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2015.
2016: Asian Paints wins ‘Outstanding Company of the year’ award for 2016 - ‘CNBC TV18 - India Business Leader Awards.
2016: Top Ranked Indian company in the ‘Forbes Most Innovative company List’ in 2016 (Ranked 18th in the world).
2017: Top Ranked Indian company in the Forbes Most Innovative company List’ (Ranked 8th in the world).
2017: Asian Paints included in the list of India's Super 50 companies by Forbes India.
2017: Asian Paints was ranked 10th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2017.
2018: Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2018.
2019: Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2019.
2019: Included in the Forbes List of World’s Best Regarded Companies. Second Consecutive appearance for Asian Paints in the coveted list.
2020: Ranked 9th among the world’s leading paint companies by Coatings World - Top Companies Report.
- 2021: Received ‘Golden Peacock Award for Excellence in Corporate Governance (Feb 2021).
- 2021: Asian Paints ranked 14th in Business Today - Most Valuable Companies List. (Nov 2021).
- 2021: Asian Paints ranked as No. 1 - Most Purposeful Brand in Non-FMCG sector in India by Kantar Brandz 2021 (Nov 2021).
- 2022: Recognized amongst the Top 30 Most Sustainable Companies in India for 2021-22 by Business world magazine in association with Sustain Labs Paris (Mar 2022).
- 2022: Received ‘Golden Peacock Award for Excellence in Corporate Governance- Third year in a row (Mar 2022).
- 20222: '2nd Best companies to work for' in the 'Manufacturing sector' (Business Today - Apr 2022).
- 2023-24: Asian Paints recognised with the Silver Award by the Institute of Chartered Accountants of India for ‘Sustainability Reporting’.
- 2023-24: Asian Paints recognised as the ‘Best Governed Company’ in the listed segment under Large Category at the 23rd Institute of Company Secretaries of India National Awards for Excellence in Corporate Governance.
- 2023-24: Asian Paints recognised with the ‘Golden Peacock’ Award for Excellence in Corporate Governance - 2023 by the Institute of Directors in the paints category.
- 2023-24: Asian Paints Shared Services wins Best Automation Adoption award, instituted by UBS Forums.
- 2024-25: Asian Paints won the Outstanding Performance Excellence 2024 award at CCI’s Operational Excellence awards event in Belgium in recognition of performance excellence achieved by driving significant improvement results.
- 2024-25: Asian Paints won the Excellence in Manufacturing Process award, instituted by UBS Forums.
- 2024-25: Asian Paints’ Khandala plant was honoured with Gold award and second runner-up at the 7th CII IQ National Safety Practice Competition for Project PARIVARAN - BBS Journey.
2006: Consolidated turnover crosses Rs 3000 crore.
2007: Board of Directors approves setting up of new paint plant in Haryana, India.
2007: Enter into a share purchase agreement for the sale of its stake in Asian Paints Queensland.
2008: Asian Paints performs Bhoomi Pooja at its proposed paint plant site at Rohtak Haryana.
2010: Signs MoU with Maharashtra Government to set up a Mega Project for manufacture of Paints and Intermediates at Kesurdi in Maharashtra.
2010: Commencement of commercial production at its new paint manufacturing facility in Rohtak, Haryana.
2011: The Board of Directors approved company’s plans to enhance its fourteen year old relationship with PPG Industries Inc. to accelerate growth of the non-decorative coatings businesses in India.
2013: Completes acquisition of Sleek Group.
2020: Asian Paints has received approval for Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics, a wholly owned subsidiary of the Company.
2020: Forays into Hand & Surface Sanitizer category.
2020: Launches range of furniture, furnishings, lighting products.
- 2021: Asian Paints brings Lamination Wala Ultima Protek in its latest TVC.
- 2021: Asian Paints unveils 'Cherish' as Colour of the Year for 2021.
- 2021: Asian Paints signs MoU with Government of Gujarat.
- 2022: Asian Paints acquires 49% stake in Obgenix Software.
- 2022: Asian Paints acquires 51% stake in Weatherseal Fenestration.
- 2022: Asian Paints unveils new launch collections for 2022 in Home Décor.
- 2022: Asian Paints enters into technology, other allied agreements with KBR.
- 2023: Asian Paints gets approval for setting up new manufacturing facility.
- 2023: Asian Paints incorporates wholly owned subsidiary.
- 2023: Asian Paints’ arm incorporates wholly-owned subsidiary in Qatar.
- 2023: Asian Paints increases original installed production capacity to 4,00,000 KL per annum at Khandala plant.
- 2024: Asian Paints acquires 51% stake in Harind.
- 2024: Asian Paints’ arm to set up Ethylene storage, handling facility in Gujarat.
- 2024: Asian Paints’ arm inks pact to acquire 24.3% stake in SCIB.
- 2025: Asian Paints launches Chromacosm.
- 2025: Asian Paints acquires balance 40% stake in White Teak.
- 2025: Asian Paints extends joint venture agreement in India with PPG.
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