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Jindal Mansion, 5A, Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India - 400026
JSW Paints is part of the US$ 22 billion JSW Group. It complements JSW offerings in Steel & Cement in home-building and care. JSW Paints aims to be a thoughtful paint company as it builds its Industrial Coatings & Decorative Paints business. JSW Paints Innovative & thoughtful disruptions aim to redefine and discover new ways in paints & painting. The company plans to achieve this with prime focus on emerging consumer needs, state-of-the-art-technology, execution excellence and focus on sustainability. JSW Paints as a brand aims to inspire consumers to Think Beautiful as Beautiful Thoughts make the World Beautiful.
Markets Served: Decorative coatings, Coil coatings
A leader in paint and coatings in India, JSW Paints is a subsidiary of the diversified $23 billion JSW Group, whose flagship segment is steel. The company is about to take a major leap forward, as JSW Paints announced in June 2025 that it has a definitive agreement to acquire up to 74.76% stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The transaction is based on a total enterprise value of approximately €1.4 billion, representing an EV/EBITDA multiple of 22x.
“Paints and coatings is one of India’s fastest growing sectors and JSW Paints is amongst the fastest growing paint companies,” said Parth Jindal, managing director of JSW Paints, in announcing the agreement. “Akzo Nobel India is home to some of the most globally renowned brands of paints & coatings like Dulux, International and Sikkens. We are excited to welcome them to the JSW family. Together, along with the Akzo Nobel India family – employees, customers and partners – we aspire to build the paint company of the future.”
Founded in 2019, JSW Paints has an industrial coatings facility at Vasind in Maharashtra and a decorative paints facility at Vijayanagar in Karnataka.
JSW Paints, one of the latest entrants in Indian paint and coating industry, is part of the diversified $23 billion JSW Group.
Launched in May 2019, JSW Paints registered sales revenue of $194 million in financial year 2023. The company currently has two manufacturing units: an industrial coatings facility at Vasind in Maharashtra and decorative paints facility at Vijayanagar in Karnataka, with a combined capacity of 150,000 KL per annum. The company has a capacity of 100 million liters in the decorative segment with a utilization rate of 50 percent, while it has a 50 million liter capacity in the industrial segment with a utilization rate of 70 percent.
The company’s revenue sees equal contribution from both the industrial and the decorative paints segments. In the industrial segment, coil coatings have become a major earner for the company.
“Today, we are certainly the largest coil coating player in India. We are the first Indian company to have developed our own technology in this segment and commercialized it,” according to company’s management.
The company has enhanced its market presence across the country to achieve a market scale and coverage of more than 60% of TIER I, II and III towns. The company continues to increase its retailer network with the addition of more than 2,000 retailers every year. The growth in this network has been due to better market penetration in new clusters across existing large cities nationwide.
New agreement will help meet the growing demand for high-performance formulations in polyurethane, coatings, and adhesives production in the United States and Canada
By: KERRY PIANOFORTE
Under Wawer's leadership, CPMA has strengthened its position as the recognized voice for the North American color pigments industry.
By: David Savastano
Solution offers high-performance results, exceptional value .
Letter to Congressional Leaders emphasizes need for timely reviews, risk-based regulation and stronger scientific standards.
The company will showcase its portfolio of sustainable solutions for the paints and coatings market.
The most viewed news on our site for the week ending Sept. 5, 2025.
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