Kolkata, India
www.bergerpaints.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1923
REVENUE: $1.59 billion (2022 $1.57 billion)
MARKETS SERVED:
Decorative coatings; Automotive coatings; Industrial coatings; Powder coatings
KEY EXECUTIVES:
Abhijit Roy, managing director and CEO; Kaushik Ghosh, VP finance and CFO; Aniruddha Sen, SVP and legal and corporate affairs; Arunito Ganguly, VP and secretary; Tapan Dhar, SVP R&D.
Berger Paints India Limited manufactures and markets a range of decorative and industrial paint products and has operations throughout India with seven manufacturing facilities, more than 135 depots, approximately 4,000 employees and more than 15,000 dealers. Architectural/decorative coatings comprise 85.6% of sales, automotive 2.7%, general industrial 2.6%, protective coatings 8%, auto refinish 0.2% and powder 0.8%.
In this year’s CEO Forum Abhijit Roy, managing director and CEO said, “2023 has been a reasonably good year for Berger in a paints market that had moderate growth. We had a double-digit volume growth YTD December and a very strong operating profit growth on the back of raw material price reduction. We have achieved most of the goals that we had set for ourselves at the beginning of the year. Our distribution expansion for one, has happened at a faster clip than before. Many of our key categories like construction chemicals, emulsions and automotive paints have shown significant improvement this year. In the first three quarters, we have been very competitive with our peers in the market with very healthy profit growth in the third quarter. And having turned 100 years in India in the last month of the year, we are now approaching 2024 with a great sense of expectation and optimism.”
Latest product launches include:
• Weathercoat Longlife 15 (Elastomeric exterior emulsion based on PU silicon technology and comes with a 15 year performance warranty)
• Weathercoat Anti Dust Kool: Exterior emulsion based on heat reflective nano technology and its superior DPUR, it helps keeping cooler
• Luxol PU Enamel (enamel paint enriched with PU)
• Silk Glamor Matt (luxury interior emulsion with best in class smoothness and finish)
2023 Success Story
• New introduction in waterproofing range under the roof waterproofing range – Roof Kool & Style.
• Multiple new product innovative offerings in the interior and exterior wall coatings space with unique features (Easy Clean Silky Touch, Silk Glamor Dazzle), and catering to new surface: Berger Ceiling White.
