PUBLIC COMPANY; YEAR ESTABLISHED: 1942
REVENUE: $2.91 billion (2019: $2.83 billion)
Architectural coatings; Industrial coatings; Automotive coatings
Amit Syngle, managing director and CEO.
Asian Paints is one of the leading paint companies in India, with more than 7,500 employees worldwide. Along with its subsidiaries, it has operations in 15 countries with 27 paint manufacturing facilities, serving consumers in more than 60 countries.
Besides Asian Paints, the group operates around the world through its subsidiaries Asian Paints Berger, Apco Coatings, SCIB Paints, Taubmans, Causeway Paints and Kadisco Asian Paints.
Architectural/decorative coatings comprised 90 percent of sales and industrial and automotive coatings comprising the rest.
Asian Paints manufactures a wide range of paints for Decorative and Industrial use.
In Decorative paints, Asian Paints is present in all the four: interior, exterior enamels and wood finishes. It also offers waterproofing, wall coverings and adhesives in its
Asian Paints also operates through PPG Asian Paints Pvt Ltd. – a 50/50 JV between Asian Paints and PPG 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.
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.
• Asian Paints commissioned two new paint manufacturing facilities in South India. The paint plant at Mysuru (Karnataka) was commissioned with an initial capacity of 300,000 KL/annum (scalable to 600,000 KL/annum) and the plant in Vizag (Andhra Pradesh) was commissioned with an initial capacity of 300,000 KL/annum (scalable to 500,000 KL/annum).
• Amit Syngle took over as the managing director and CEO of Asian Paints effective April 1, 2020 after the retirement of K B S Anand.
• Asian Paints entered into the hand sanitizer category with the launch of the Viroprotek range of Hand and Surface Sanitizers.
“Asian Paints being a ‘Responsible and Caring Brand’ has always been proactive in supporting various Government Initiatives and helping communities around us. We have been working in the Health and Hygiene space for some time and had introduced earlier Royale Health Shield, a revolutionary product which helps customers in maintaining good standards of Hygiene and Bacterial protection for their Homes. We felt it apt to consolidate our portfolio in the hygiene space and address the growing requirement of hand and surface sanitizers for increased protection and assist the Government in fighting against the COVID-19 pandemic,” said Amit Syngle, managing director and CEO, Asian Paints Limited.