YEAR ESTABLISHED: 1942
REVENUE: $2.3 billion (2014: $2.3 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 2015. Architectural/decorative coatings comprised 90 percent of sales and industrial and automotive coatings comprised the rest.
Asian Paints is one of the leading paint companies in India. Along with its subsidiaries, it has operations in 19 countries with 26 paint manufacturing facilities, serving consumers in more than 65 countries.
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.
PPG Asian Paints Lanka Ltd., a joint venture between PPG and Asian Paints recently launched ENVIROBASE High Performance (HP) automotive refinish paints in Sri Lanka. It is the first eco-friendly waterborne automotive paint introduced in Sri Lanka for use by the refinishing industry. Prestige Automobiles (Pvt) Ltd. is the first PPG Asian Paints customer in Sri Lanka to convert to using the waterborne products in its operation.
The Envirobase HP line is the leading premium waterborne basecoat refinishing system globally, according to Biju Ramachandran Nair, country manager for PPG Asian Paints He said introducing the Envirobase line in Sri Lanka will enable local refinishers to use the latest technology that is approved by most of the world’s leading automotive brands.