07.27.23
Kolkata, India
www.bergerpaints.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1923
REVENUE: $1.57 billion (2021 $1.43 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 85.8% of sales, automotive 2.7%, general industrial 2.5%, protective coatings 8%, auto refinish 0.2% and powder 0.8%.
In this year’s CEO Forum, Abhijit Roy noted, “all segments of the Indian paint market have seen a complete revival from the temporary, pandemic-induced slowdown in demand. While 2021 largely saw a return of demand for architectural decorative products, 2022 saw the wheel turn full-circle and a revival of demand from the industrial and automotive segments as well. Like the rest of the industry worldwide, we too saw an unprecedented and continued pressure on raw material prices and consequent pressure on the bottom-line. Throughout the year, our push for revenue growth was balanced with actions taken to maintain our margins. Berger has been driving a cost-awareness program, while working on improving productivity and realizations from some consumer segments.
"We have had three good quarters of revenue growth and expect a strong fourth quarter as well, with some recovery of EBITDA margins.”
• Multiple new product innovative offerings in the interior and exterior wall coatings space with unique features (Exterior: Weathercoat LongLife 15, Weathercoat Anti Dustt Kool), and finish (Interior: Rangoli Matt, Glamor Matt)
www.bergerpaints.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1923
REVENUE: $1.57 billion (2021 $1.43 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 85.8% of sales, automotive 2.7%, general industrial 2.5%, protective coatings 8%, auto refinish 0.2% and powder 0.8%.
In this year’s CEO Forum, Abhijit Roy noted, “all segments of the Indian paint market have seen a complete revival from the temporary, pandemic-induced slowdown in demand. While 2021 largely saw a return of demand for architectural decorative products, 2022 saw the wheel turn full-circle and a revival of demand from the industrial and automotive segments as well. Like the rest of the industry worldwide, we too saw an unprecedented and continued pressure on raw material prices and consequent pressure on the bottom-line. Throughout the year, our push for revenue growth was balanced with actions taken to maintain our margins. Berger has been driving a cost-awareness program, while working on improving productivity and realizations from some consumer segments.
"We have had three good quarters of revenue growth and expect a strong fourth quarter as well, with some recovery of EBITDA margins.”
2022 Success Story
• Multiple new offerings in waterproofing range under the dampstop brand umbrella, (Dampstop Duo and Dampstop Advance)• Multiple new product innovative offerings in the interior and exterior wall coatings space with unique features (Exterior: Weathercoat LongLife 15, Weathercoat Anti Dustt Kool), and finish (Interior: Rangoli Matt, Glamor Matt)