Mumbai, India
www.asianpaints.com
PUBLICLY HELD; YEAR ESTABLISHED: 1942
REVENUE: $4.16 billion (2022: $4.11 billion)
MARKETS SERVED:
Architectural coatings; Industrial coatings; Automotive coatings
KEY EXECUTIVES:
Amit Syngle, managing director and CEO.
Asian Paints, which has a market share of approximately 60%, is one of the leading paint companies in India, with more than 12,000 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 comprise 90 percent of sales and industrial and automotive coatings comprise the rest. Asian Paints manufactures a wide range of paints for Decorative and Industrial use.
In Decorative paints, Asian Paints is present in interior, exterior enamels and wood finishes. It also offers waterproofing, wall coverings and adhesives in its product portfolio.
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.
Latest Products:
• NeoBharat Latex
• SmartCare Damp Proof Xtreme
Increasing Production Capacity
According to news reports, Asian Paints is investing heavily to expand production capacity at various plants. The company has announced it is doubling capacity at its Mysuru plant and increasing capacities at Ankleshwar, Kasna and Khandala. Additionally, the company has been allotted 166 acres of land at Pithampur in Madhya Pradesh, India for setting up a 400,000 KL per annum water-based paint manufacturing facility, subject to such other approvals and clearances, as may be required.
PPG Asian Paints Unveils Flagship Center of Cartisan in Pune
PPG Asian Paints, a leading provider of automotive refinish solutions in India, has announced the launch of its premium car detailing and décor business, 'Cartisan,' with the opening of its flagship center in Pune, NIBM.
Pune is also known as the Detroit of India since it is a hub for numerous global automobile manufacturers. This launch marks a significant endeavor of the company in catering to the automotive aesthetic needs of the city, its suburbs, and the nearby regions.
Cartisan is set to add value to the car detailing landscape in Pune, offering a diverse array of services tailored to elevate the appearance and protection of vehicles. From paint protection films to ceramic coatings, paint correction to interior cleaning, sanitization, and anti-corrosion treatments, Cartisan's state-of-the-art center will cater to the specific needs of car enthusiasts and owners.
"The launch of Cartisan in Pune underscores our commitment to serving the thriving automotive market in the city. Pune's position as a significant hub for the automobile industry aligns perfectly with our mission at PPG Asian Paints to provide innovative aftermarket solutions. We are dedicated to enhancing the automotive experience for enthusiasts and owners alike. Cartisan's arrival in Pune represents our commitment to elevating car care standards in Western India and reflects our vision of offering comprehensive and personalized services that resonate with the needs of this dynamic market," stated Jitendra Kalra, CEO, PPG Asian Paints.
Established in February 1997, PPG Asian Paints has solidified its position as one of the leading suppliers of paints and coatings across diverse markets, including automotive OEM, automotive refinishes, industrial, marine, and packaging. This JV represents a strategic collaboration between PPG Inc., the world's leading coatings company, and Asian Paints Ltd., India's largest producer of paints and coatings.
