YEAR ESTABLISHED: 1942
REVENUE: $2.3 billion s (2013: $2.08 billion)
• Architectural coatings • Industrial coatings • Automotive coatings
K.B.S. Anand, MD and CEO; Amit Syngle, president architectural coatings, India; Jalaj Dani, president international operations; Jayesh Merchant, CFO and company secretary, president, industrial JVs India.
Asian Paints had sales of $2.3 billion for 2014. Architectural/decorative comprised 90 percent of sales and industrial and automotive comprised the rest.
Asian Paints has 23 manufacturing facilities worldwide: 13 in Asia, five in the Middle East, two in the South Pacific and three in the Caribbean. Key brands in India include for exterior walls: Apex, Ace, Apex Ultima, Apex Ultima Protek and Apex Duracast; interior walls: Royale, Royale Aspira, Royale Play, Tractor, Premium Emulsion, Apcolite and Utsav; metal surface: Utsav, Premium Enamel and wood: PU, Touchwood and Polyester.
In June 2014, Asian Paints acquired the entire front end sales business including brands, network and sales infrastructure of ESS ESS Bathroom Products Pvt Ltd. ESS ESS is a prominent player in the bath business segment in India and has high quality products in this segment.
In February 2015, Asian Paints acquired a 51 percent stake in Kadisco, one of the leading paint companies in Ethiopia. Kadisco is engaged in the manufacturing and selling of paints, other coatings and adhesives in Ethiopia. Asian Paints is also in the process of setting up a paint manufacturing facility in Indonesia with a 24,550 MT capacity, subject to necessary regulatory and other approvals.
Asian Paints has recently entered into and signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to set up a manufacturing facility for paints and intermediates at Pudi Village, Rambilli Mandal, Vishakhapatnam District, Andhra Pradesh, India.