Asian Paints
Formerly | Asian Oil and Paint Company Pvt. Ltd. (1945–1965)[citation needed] Asian Paints (India) Pvt. Ltd. (1965–1973)[citation needed] |
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Company type | Public |
ISIN | INE021A01026 |
Industry | Chemicals |
Founded | 1 February 1942 |
Founders |
|
Headquarters | , |
Area served | Worldwide |
Key people |
|
Products |
|
Revenue | ₹34,875 crore (US$4.4 billion) (2023)[2] |
₹5,594 crore (US$700 million) (2023)[2] | |
₹4,101 crore (US$510 million) (2023)[2] | |
Total assets | ₹25,798 crore (US$3.2 billion) (2023)[2] |
Total equity | ₹15,992 crore (US$2.0 billion) (2023)[2] |
Number of employees | 7,160 (2021)[3] |
Website | asianpaints.com |
Asian Paints Ltd is an Indian multinational paint company, headquartered in Mumbai, Maharashtra, India.[1] The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing related services.
Asian Paints is India's largest paints company by market share.[4][5][6] It is the holding company of Berger International.[7] The company's manufacturing operations encompass 15 countries of the world including India, with considerable presence in the Indian subcontinent and the Middle East.[8]
History
The company was started in a garage in Gaiwadi,
The four families together held the majority shares of the company. But disputes started over the global rights in 1990s when the company expanded beyond India. The disputes resulted in Choksey selling their 13.7% shares and exiting in 1997. Champaklal died in July 1997 and his son Atul took over. After failed collaboration talks with the British company
Manufacturing locations
The company along with its subsidiaries have 26 manufacturing facilities across 16 countries serving customer globally in over 65 countries.[13]
S.No. | Countries | Number of Manufacturing plants | Location/operating Brand |
---|---|---|---|
1 | India | 10 | Ankleshwar & Sarigam (Gujarat), Patancheru (Telangana), Kasna (Uttar Pradesh), Sriperumbudur (Tamil Nadu), Rohtak (Haryana), Khandala & Taloja (Maharashtra), Mysuru (Karnataka), Visakhapatam (Andhra Pradesh) |
2 | Sri Lanka | 2 | Asian Paints Causeway |
3 | Nepal | 2 | Asian Paints |
4 | Bangladesh | 1 | Asian Paints |
5 | Indonesia | 1 | Asian Paints |
6 | Fiji | 1 | Apco Coatings & Taubmans |
7 | Samoa Islands | 1 | Taubmans |
8 | Vanuatu | Apco Coatings | |
9 | Solomon Islands | Apco Coatings | |
10 | Oman | 1 | Asian Paints Berger |
11 | Bahrain | 1 | Asian Paints Berger |
12 | UAE
|
1 | Asian Paints Berger |
13 | Egypt | 2 | SCIB Paints |
14 | Ethiopia | 3 | Kadisco Asian Paints |
Total | 26 |
Ownership structure
This section's factual accuracy may be compromised due to out-of-date information. (April 2022) |
The company has 12 institutional owners and shareholders that are investing through
Marketing and advertising
In 1950s, the company launched a "washable distemper", which was a balance between the cheap dry distemper that peeled easily and the more expensive plastic emulsions. Promoting their brand Tractor Distemper, the company used "Don't lose your temper, use Tractor Distemper" in their advertisings.[9] In 1954, "Gattu" – a mischievous boy with a paint bucket in his hand – was launched as mascot. Created by R. K. Laxman, the mascot found appeal with the middle-classes.[15]
He was used only in print advertisements and packaging till 1970s and by 1990s, was also seen on television advertisements. Gattu helped in bringing the commodity-led business of painters to the actual end users of home-owners.
As of 18 September 2023[16]
Category of Shareholder | Shareholding |
---|---|
Promoter Group | 52.63% |
FII | 17.48% |
DII | 10.06% |
Public | 19.82% |
Others | 0.01% |
Total | 100% |
In 2022, Asian Paints Q1 net profit up 79% to ₹1,017 crore; revenue up 55%.[17]
References
- ^ a b c "Started by four Mumbaikers, how Asian Paints is today one of India's most valued companies". Businessinsider.in. Retrieved 18 November 2016.
- ^ a b c d e "Asian Paints Limited Financial Statements". Moneycontrol.com. Retrieved 23 May 2023.
- ^ "Asian Paints Limited Financial Statements". Moneycontrol.com. Retrieved 23 February 2022.
- ^ "Asian Paints, Hindustan Unilever top innovative Indian firms on Forbes' list". Ibtimes.co.in. 25 August 2016. Retrieved 18 November 2016.
- ^ "Shares of Asian Paints jump 7% on good Q1 results". The Economic Times. Retrieved 18 November 2016.
- ^ "Local people demand jobs in Asian Paints' proposed plant". The Hindu. 29 June 2016. Retrieved 18 November 2016.
- ^ "Asian Paints acquires 96.48% stake in Berger; open offer ends". The Economic Times. Retrieved 18 November 2016.
- ^ "Annual report 2019-20" (PDF). Archived (PDF) from the original on 26 September 2020.
- ^ ISBN 9789386057679.[page needed]
- ^ ISBN 9780470822388.
- ^ "Ashwin Dani, non-executive director of Asian Paints, passes away at 79". Livemint. 28 September 2023.
- ^ "Asian Paints' Ashwin Dani passes away". Moneycontrol. 28 September 2023.
- ^ "Asian Paints". www.asianpaints.com. Retrieved 7 June 2021.
- ^ Stuff, Publication. "ASIANPAINT Institutional Ownership - ASIAN PAINTS LTD. Stock". fintel.io. Retrieved 2 May 2020.
- ^ a b c d Pinto, Viveat (12 February 2015). "40 years ago...And now: Gattu's antics coloured Asian Paints' future". Business Standard. Retrieved 19 November 2016.
- ^ "Asian Paints Shareholdings".
- ^ Standard, Business. "Asian Paints".
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