Tag: paints manufacturer

  • Top Paint Companies in India 2025: Leading Paint Brands, New Entrants & Complete List

    Are you curious about the paint industry’s top players in India? Look no further!

    The paint industry in India has witnessed tremendous growth and transformation, contributing significantly to the nation’s infrastructure development, interior design trends, and overall aesthetic appeal. And there’s no doubt that the country’s top paint brands have played a significant role in this success. With the domestic paint industry valued at Rs. 60,000 crores, decorative paints alone constitute 75% of the market.

    As the demand for quality paints continues to soar, it’s essential to recognize the top players who have shaped and defined the industry’s landscape.

    From long-standing giants to emerging challengers, these companies have managed to establish themselves as key players in the Indian paint market. In this blog, we delve into the realm of the Indian paint market, unveiling the top paint companies that have emerged as industry leaders.

    Top Paint Companies In India

    Below table contains the list of all paint companies in India in 2025:

    S.no Paint Brand Revenue (2024) Net Profit (2024) Brands / Key Lines Avg. Price Range
    1 Asian Paints INR 35,494.73 Cr INR 5,424.69 Cr Royale, Apex, SmartCare INR 250–600/litre
    2 Berger Paints INR 10,002.93 Cr INR 1,128.80 Cr Silk Breathe Easy, Easy Clean, Bison INR 200–550/litre
    3 Kansai Nerolac Paints INR 7,486.41 Cr INR 1,561.21 Cr Excel Mica Marble, Beauty Gold, Virus Guard INR 180–500/litre
    4 Akzo Nobel India INR 3,997.40 Cr INR 573.10 Cr Dulux Velvet Touch, SuperClean, Promise INR 220–600/litre
    5 Indigo Paints INR 1,268.29 Cr INR 198.36 Cr Enigma Exterior, Floor Coat, Primer INR 150–450/litre
    6 Nippon Paints INR 84,115 Cr VirusGuard, Momento, SolaReflect INR 180–550/litre
    7 Shalimar Paints INR 543.08 Cr –INR 73.85 Cr Superlac, Shaktiman, Signature INR 120–300/litre
    8 Jotun Paints INR 17,168 Cr Jotashield, Fenomastic, Hardtop XP INR 250–700/litre
    9 Jenson & Nicholson Paints INR 13.78 Cr (2017) JN Classic Interior, Exterior, Primer INR 100–250/litre
    10 Sheenlac Paints INR 432 Cr Brolac Enamel, Xperia Insulator, Spray Paint INR 150–400/litre
    11 British Paints INR 726 Cr Shingar, Glo Advanced, Emulsion INR 120–350/litre
    12 Agsar Paints INR 309 Cr Emulsion, Enamel, Primer INR 100–300/litre
    13 Sirca Paints INR 311.72 Cr INR 142.89 Cr PU Luxury Interior, NC Sealer, Wood Stain INR 300–800/litre
    14 Snowcem Paints INR 0.07 Cr –INR 0.29 Cr Snowcem Plus, Primer, Cement Paint INR 80–200/litre
    15 JSW Paints INR 2,000 Cr INR 67 Cr Halo Aquaglo, Aurus, Wall Putty INR 180–500/litre
    16 EsDee Paints Limited INR 36 Cr Synthetic Enamel, Red Oxide, Wood Finish INR 90–250/litre
    17 JK Maxx Paints ≈ INR 0.1-10 Cr (FY 2023, filings)
    Target: INR 250–300 Cr sales in FY 25
    No confirmed FY 24 data Interior/Exterior Emulsions, Distemper, Enamel, Primers, Wall Putty Mid-premium

    Asian Paints

    Website www.asianpaints.com
    Founded In 1942
    Founders Champaklal Choksey; Chimanlal Choksi; Suryakant Dani; Arvind Vakil
    CEO Amit Syngle
    Head Office Mumbai
    Asian Paints - Top Paint Companies in India
    Asian Paints – Top Paint Companies in India

    In the realm of India’s paint industry, one name stands tall as the largest paint company in the country and the third-largest in Asia. Asian Paints, established in 1942 by four visionary friends – Chimanlal Choksi, Champaklal Choksi, Suryakant Dani, and Arvind Vakil – embarked on a journey to become the world’s biggest paint company at that time. Today, it proudly holds its headquarters in Mumbai, India.

    Asian Paints, an industry titan with revenue of INR 34,488 crores, solidifies its position as the number one paint company in India. Asian Paints specializes in manufacturing a wide range of paints, catering to both decorative and industrial purposes. Notably, it serves as the holding company for Berger International, expanding its global reach. Currently, Asian Paints is the best paint company in India.

    Pros of Asian Paints

    • India’s largest and Asia’s 3rd largest paint company
    • Over 80 years of industry experience
    • Wide range of decorative and industrial paints
    • Global presence in 19 countries
    • Owns Berger International
    • Innovative services like ColourNext, Home Solutions
    • Runs training programs for painters (Colour Academy)
    • Strong customer focus and brand trust

    Cons of Asian Paints

    • Higher prices compared to smaller brands
    • Some services are limited to urban areas
    • Faces tough competition in global markets

    The Creative Marketing Strategy of Asian Paints
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    Berger Paints

    Website www.bergerpaints.com
    Founded In 1923
    Founders Lewis Berger
    CEO Abhijit Roy
    Head Office Kolkata
    Berger Paints - Top Paint Companies in India
    Berger Paints – Top Paint Companies in India

    As one of the top paint companies in India, Berger Paints India, recognized among the leading paint brands in India, has made a significant mark in the industry. Headquartered in Kolkata, the company boasts an extensive network of 16 strategically located manufacturing plants (including subsidiaries) across India, as well as two in Nepal, one in Poland, and another in Russia.

    Every quarter, it is one of the fastest-growing companies. Exterior Wall Coatings, Interior Wall Coatings, Berger Metal & Wood Paints, Undercoats, Express Painting, and Construction Chemicals are among the company’s offerings. It is one of the top 5 paint companies in India.

    Berger Paints India Limited is the country’s second-largest paint firm, with a track record of being one of the country’s fastest expanding and providing the best paints in India. With over 3450 employees (excluding subsidiaries) and a nationwide distribution network of over 25,000 dealers. The company is ranked 2nd in India’s top 10 paint companies by turnover.

    Pros of Berger Paints

    • India’s 2nd largest paint company
    • Fast-growing quarter after quarter
    • Wide product range
    • Global presence: Plants in Nepal, Poland, and Russia
    • Large dealer network: Over 25,000 dealers across India
    • Strong workforce: 3,450+ employees
    • Known for Express Painting and innovative solutions
    • Trusted pan-India brand with high visibility

    Cons of Berger Paints

    • Faces stiff competition from Asian Paints and global brands
    • Premium products may be expensive for price-sensitive customers
    • Less global presence compared to bigger multinational companies

    Berger Paints Success Story: The 2nd Largest Indian Paint Co.
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    Kansai Nerolac Paints

    Website www.nerolac.com
    Founded In 1920
    Founders Katsujiro Iwai
    CEO Anuj Jain
    Head Office Mumbai
    Berger Paints - Top Paint Companies in India
    Berger Paints – Top Paint Companies in India

    Kansai Nerolac Paint Ltd began operations in 1920. Mumbai, Maharashtra, is the company’s headquarters. Decorative paints, coatings, industrial (re)finishing products, basic and industrial chemicals, and other items are among the company’s offerings. It creates and distributes paint systems for the cycle, material handling, bus bodies, electrical components, containers, and finishing lines of the furniture sector. It was one of the top 10 paint companies in India 2024.

    Shah Rukh Khan was named Nerolac’s brand ambassador. In 1986, GNPL inked a TAA in Osaka with Kansai Paints Co., Ltd. of Japan for the production of Cathodic Electrodeposition Primer and other advanced coatings for automotive products. GNPL was the first company in India to implement this technology.

    Pros of Kansai Nerolac Paints

    • Established legacy: Operating since 1920 with a strong industry presence
    • Diverse product portfolio: Decorative, industrial, automotive, and furniture coatings
    • Technological edge: First in India to use Cathodic Electrodeposition Primer
    • Global collaboration: Ties with Kansai Paints Japan ensure innovation and R&D
    • Strong brand ambassador: Shah Rukh Khan boosts brand visibility
    • Focus on the automotive industry: Trusted by many OEMs in India

    Cons of Kansai Nerolac Paints

    • Lower brand recall in the decorative segment compared to Asian Paints or Berger
    • Heavily reliant on the industrial and automotive sectors, which may be cyclical
    • Limited rural reach compared to larger paint brands with deeper networks

    Akzo Nobel India

    Website Akzonobel.co.in
    Founded In 1994
    Founders Mr Rajiv Rajgopal
    Managing Director Rajiv Rajgopal
    Head Office Gurugram (Haryana)
    AkzoNobel - Top Paint Companies in India
    AkzoNobel – Top Paint Companies in India

    AkzoNobel, a renowned paint and coatings firm, has been operating in India for almost 60 years. As one of the top paint companies in the country, the corporation has established a significant presence across India, with offices and depots strategically located in five different locations.

    Through a scheme of arrangement under section 425 of the UK Companies Act 1985, AkzoNobel NV acquired Imperial Chemical Industries Ltd., the holding company of ICI India Limited, now recognized for producing the best paints in India. The company’s name was transformed to AkzoNobel India Limited, solidifying its position as a leading provider of high-quality coatings in the country.

    In 2012, three additional AkzoNobel Group firms operating in India were united under the AkzoNobel India Limited umbrella, making it India’s sole integrated Paints and Coatings company with a modest Chemicals portfolio.

    Beyond paints and coatings, AkzoNobel is actively involved in numerous industries, such as automotive, aerospace, marine, and industrial coatings. Their cutting-edge technologies and expertise have positioned them as a trusted partner for businesses seeking superior protection, performance, and aesthetics.

    Pros of AkzoNobel India Limited

    • Long-standing presence in India with nearly 60 years of experience
    • Strong brand legacy from Imperial Chemical Industries (ICI India)
    • Integrated portfolio combining paints, coatings, and chemicals
    • Diverse industry focus: automotive, aerospace, marine, and industrial coatings
    • Advanced technology and innovation in coatings and protection solutions
    • Strategic offices and depots across India for better market reach

    Cons of AkzoNobel India Limited

    • Smaller market share compared to top players like Asian Paints and Berger
    • Limited focus on decorative paints, which dominate the Indian retail market
    • Relatively modest scale of operations in India compared to global footprint
    • Higher pricing in some product segments due to premium technology

    Indigo Paints

    Website Indigopaints.com
    Founded In 2000
    Founders Hemant Jalan
    CEO Hemant Jalan
    Head Office Pune
    Indigo Paints - Top Paint Companies in India
    Indigo Paints – Top Paint Companies in India

    Indigo Paints had a humble beginning when it was founded in 2000. It began by producing low-cost cement paints and gradually expanded its product line to include most types of water-based paints, such as Exterior Emulsions, Interior Emulsions, Distempers, Primers, and so on.

    Indigo Paints first opened its doors in March 2000. It is one of India’s top ten paint companies. Pune is the company’s headquarters. Interior emulsions, exterior emulsions, enamels, putties, primers, and other products are available from the major paint firms.

    Today, the company is regarded as one of the most formidable competitors in the Indian paint market, with a reputation for being an inventive paint maker that continues to introduce novel products not previously available in the country.

    Pros of Indigo Paints

    • Started with low-cost cement paints, affordable for many customers
    • Wide range of water-based paints, including interior & exterior emulsions, distempers, primers
    • Headquartered in Pune, growing rapidly across India
    • Known as an innovative paint company, introducing unique products
    • Ranked among India’s top 10 paint companies
    • Strong focus on quality and affordability for diverse customer needs

    Cons of Indigo Paints

    • Smaller scale compared to giants like Asian Paints and Berger
    • Limited international presence, mainly focused on the Indian market
    • Still building brand awareness in rural and remote areas
    • Faces tough competition from established market leaders
    Market Share of Paint Companies in India
    Market Share of Paint Companies in India

    Nippon Paints

    Website www.nipponpaint.co.in
    Founded In 1881
    Founders Haruta and Jujiro Moteki
    President Mahesh Anand
    Head office Gurugram
    Nippon Paint - Top Paint Companies in India
    Nippon Paint – Top Paint Companies in India

    Nippon Paint India Pvt Ltd is a paint and product manufacturer based in India. It is the world’s seventh-largest paint maker and a top paint company. Jujiro Moteki and Komyosha formed the company in 1881. Established in India in 2006, Nippon Paint has rapidly grown to become a leading player known for its commitment to delivering superior paint products across a diverse range of segments.

    The firm makes high-quality paints and coatings for the automotive, industrial, and ornamental industries. Marine coatings, automotive coatings, industrial coatings, and fine chemicals are among the company’s environmentally friendly products.

    One notable aspect of Nippon Paint’s approach is its focus on sustainability. The company actively seeks eco-friendly solutions, incorporating sustainable practices in its manufacturing processes and product offerings. Nippon Paint takes pride in developing environmentally responsible paints that minimize environmental impact while delivering exceptional performance.

    Pros of Nippon Paint India

    • 7th largest paint maker in the world with strong global experience
    • Established in India since 2006, it has quickly grown in market share
    • Offers a wide range of paints for automotive, industrial, marine, and decorative uses
    • Strong focus on eco-friendly and sustainable products
    • Uses advanced technology for high-quality and durable paints
    • Committed to reducing environmental impact through green manufacturing

    Cons of Nippon Paint India

    • Newer player in the Indian market compared to older brands like Asian Paints
    • Still expanding its distribution network across rural and smaller cities
    • Competes with well-established, highly trusted local brands
    • Premium pricing on some eco-friendly products might limit affordability

    Shalimar Paints

    Website www.shalimarpaints.com
    Founded In 1902
    Founders AN Turner and AC Wright
    CEO Sandeep Sarda
    Head Office Gurugram
    Shalimar Paints - Top Paint Companies in India
    Shalimar Paints – Top Paint Companies in India

    With over a century of experience in the paint industry, Shalimar Paints Ltd has established itself as one of the top paint companies in India. Founded in 1902 by AC Turner and AC Wright, the company’s headquarters are located in Gurgaon, Haryana. Shalimar Paints specializes in manufacturing and distributing an exceptional range of industrial coatings and decorative paints, catering to a wide range of customers across India.

    With its commitment to innovation and quality, the company has managed to remain a trusted name in the industry, earning the well-deserved reputation of being the best paint brand in India. This brand consistently offers customers the best of both worlds: top-notch products and exceptional service.

    Shalimar Paints Ltd is responsible for the painting of many of India’s landmark structures, like Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake Stadium, etc.

    In 1992, the company opened its second manufacturing site in Nashik, Maharashtra, to serve the Western region as it expanded its influence across India. In 2002, Shalimar Paints opened its third manufacturing plant in Sikandrabad, Uttar Pradesh.

    Pros of Shalimar Paints Ltd

    • Over 100 years of experience in the paint industry
    • Trusted and well-established brand in India
    • Specializes in industrial coatings and decorative paints
    • Responsible for painting famous Indian landmarks like Rashtrapati Bhavan and Howrah Bridge
    • Multiple manufacturing plants strategically located across India (Gurgaon, Nashik, Sikandrabad)
    • Known for innovation and quality products
    • Strong reputation for customer service

    Cons of Shalimar Paints Ltd

    • Faces tough competition from bigger brands like Asian Paints and Berger Paints
    • Some financial reports show losses or lower profitability in recent years
    • Limited presence outside of industrial and decorative paints compared to diversified competitors
    • Smaller distribution network compared to market leaders
    • Marketing and brand visibility may be lower than those of top-tier competitors

    Jotun Paints

    Website www.jotun.com
    Founded In 1926
    Founders Odd Gleditsch Sen.
    Managing Director Shashi Kumar
    Head Office Mumbai
    Jotun - Top Paint Companies in India
    Jotun – Top Paint Companies in India

    Jotun Paints India is a prominent player in the Indian paint industry, known for its dedication to providing high-quality coatings that enhance the beauty and protection of various surfaces. With a global presence spanning over 90 countries, Jotun Paints has earned a reputation for its commitment to innovation, sustainability, and customer satisfaction.

    Established in India in 2008, Jotun Paints India has rapidly gained recognition for its wide range of decorative and protective coatings. The company offers a diverse portfolio of products catering to residential, commercial, industrial, and marine applications. From vibrant interior paints to durable exterior coatings, Jotun Paints ensures long-lasting performance and aesthetic appeal.

    Pros of Jotun Paints India

    • Strong global presence in over 90 countries
    • Known for high-quality decorative and protective coatings
    • Wide product range for residential, commercial, industrial, and marine uses
    • Focus on innovation and sustainability
    • Established a good reputation quickly since entering India in 2008
    • Products offer long-lasting performance and good aesthetics

    Cons of Jotun Paints India

    • Relatively new player in India compared to older, more established companies
    • Smaller market share in India compared to top paint companies like Asian Paints or Berger
    • Limited local manufacturing footprint compared to Indian legacy brands
    • Less brand awareness among general consumers, and focused more on niche segments
    • Higher price point on some products may limit reach in cost-sensitive markets

    Jenson & Nicholson Paints

    Website www.jnpl.in
    Founded In 1922
    Founders Mr. John Jenson and Mr. Wilfred Nicholson
    President Anant Sinha
    Head Office Chennai
    J&N Paints - Top Paint Companies in India
    J&N Paints – Top Paint Companies in India

    J&N Paints was founded in India in 1922. It was founded in 1821 in London by John Jenson and Wilfred Nicholson. Its headquarters are in Gurgaon, Haryana, and it is India’s second-oldest paint firm. The firm specializes in architectural, industrial, and protective materials. JNIL is the first Indian firm to join the exclusive Nova Paint Club, ensuring that it has access to cutting-edge technology and cutting-edge manufacturing facilities.

    In 1955, the business was the first in India to introduce plastic emulsion paints and, in 1986, powder coating technology. Exterior, Interior, Metal, Wood, Undercoats, Industrial, and Designer finishes are all available from the company.

    Pros of Jenson & Nicholson Paints

    • One of India’s oldest paint companies (founded in 1922 in India)
    • Rich legacy and experience in paint manufacturing
    • Specializes in architectural, industrial, and protective coatings
    • First Indian company to join the Nova Paint Club for advanced technology access
    • Pioneered plastic emulsion paints (1955) and powder coating technology (1986) in India
    • Offers a wide variety of paints: exterior, interior, metal, wood, undercoats, industrial, and designer finishes

    Cons of Jenson & Nicholson Paints

    • Limited market presence and brand awareness compared to the bigger Indian players
    • Smaller scale of operations and production compared to the top competitors
    • Slower growth in recent years compared to newer, aggressive paint brands
    • Limited product innovation compared to some leading companies
    • Less visible marketing and distribution reach

    Sheenlac Paints

    Website Sheenlac.com
    Founded In 1962
    Founders John Peter
    Managing Director Sudhir Peter
    Head Office Chennai
    Sheenlac Paints - Top Paint Companies in India
    Sheenlac Paints – Top Paint Companies in India

    Mr John Peter invented Sheenlac Paints in 1962. Sheenlac Paints is based in the Indian city of Chennai. The company is one of India’s top paint manufacturers. For the first time, the company is credited with producing non-alcoholic wood polish and packaging thinners in recyclable PET (Polyethylene Terephthalate) bottles. Automotive paints, wood treatments, and decorative paints are all popular at Sheenlac Paints.

    As Sheenlac Paints continues to make its mark in the Indian paint industry, its dedication to innovation, quality, and customer satisfaction remains unwavering. With Sheenlac Paints, surfaces come to life with a captivating sheen, offering not just aesthetic appeal but also long-lasting protection.

    Pros of Sheenlac Paints

    • First to produce non-alcoholic wood polish and thinners in recyclable PET bottles
    • Offers a good range of automotive paints, wood treatments, and decorative paints
    • Focuses on innovation, quality, and customer satisfaction
    • Products provide both aesthetic appeal and long-lasting protection

    Cons of Sheenlac Paints

    • Smaller market share compared to the top Indian paint companies
    • Limited presence in international markets
    • Less extensive product portfolio than major competitors
    • The marketing and distribution network is not as wide-reaching
    • Not as widely known as other established brands

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    British Paints

    Website britishpaints.in
    Founded In 1919
    Founders James Wilfred Adamson
    President Ranjit Singh
    Head Office Delhi
    British Paints - Top Paint Companies in India
    British Paints – Top Paint Companies in India

    Founded in London in 1919, British Paints initially focused on marine coatings before expanding into architecture. In 1947, it set sail for India, establishing a strong presence and diversifying its product range. Exiting European operations in 1983, it became an Indian market leader with 12,000+ partners. Today, headquartered in New Delhi, British Paints offers a wide range of coatings, holds a Royal Warrant, and prioritizes sustainability. Despite its name, the company is fully Indian-owned, emphasizing its commitment to quality and community development. British Paints aims to reinforce its position in India, focusing on eco-friendly products and exceptional customer experiences.

    Pros of British Paints

    • Strong experience, especially in marine coatings
    • Large network with over 12,000 partners in India
    • Offers a wide range of coatings for various needs
    • Holds a prestigious Royal Warrant
    • Focuses on sustainability and eco-friendly products
    • Committed to quality and community development
    • Strong focus on delivering exceptional customer experiences

    Cons of British Paints

    • Exited European operations, reducing global footprint
    • The brand name might confuse ownership (British vs Indian)
    • Faces stiff competition from bigger paint companies in India
    • May have limited presence in some niche segments compared to larger rivals

    Agsar Paints

    Website agsar.com
    Founded In 1964
    Founders Alagappan, Ganeshan, Shenbagam, Arumugasamy, and Rajamanickam
    Executive Director Shankar Nrk
    Head Office Thoothukudi, Tamil Nadu
    Agsar Paints - Top Paint Companies in India
    Agsar Paints – Top Paint Companies in India

    Established over 50 years ago in Tuticorin, Tamil Nadu, Agsar Paints has evolved from a small paint and oxide manufacturer in the 1960s to a prominent player in the South Indian paint market. Incorporating Agsar Paints Private Limited in 1974, the company has expanded its reach nationally, offering a diverse range of high-quality paints for residential, commercial, and industrial applications. Their commitment to innovation, durability, and competitive pricing has earned them accolades such as the “Best Paint Brand” from the Indian Paint Association and the “National Quality Award” from the Government of India.

    Agsar Paints stands out in the industry with its comprehensive product range, including emulsions, distempers, enamels, wood finishes, and specialty paints like blackboard and marine paint. Known for excellent customer service, Agsar Paints has garnered recognition not only for its product excellence but also as the “Emerging Brand of the Year”, according to the Federation of Indian Industries. Today, this Tuticorin-based company represents a true Indian success story, transforming from a modest beginning to a household name in the country’s paint market.

    Pros of Agsar Paints

    • Over 50 years of industry experience
    • Strong presence in South India, expanding nationally
    • Offers a wide product range: emulsions, enamels, wood finishes, marine paints, etc.
    • Recognized with multiple awards: Best Paint Brand, National Quality Award, Emerging Brand of the Year
    • Known for affordable pricing and durable products
    • Provides excellent customer service

    Cons of Agsar Paints

    • Still lesser-known in North and West India compared to bigger national brands
    • May lack the premium international collaborations that competitors offer
    • Smaller market share compared to giants like Asian Paints or Berger
    • Brand visibility and retail reach may be limited in some regions

    Sirca Paints

    Website sircapaints.com
    Founded In 2006
    Founders Sanjay Agarwal
    Managing Director Sanjay Agarwal
    Head Office Delhi
    Sirca Paints - Top Paint Companies in India
    Sirca Paints – Top Paint Companies in India

    Sirca Paints India Limited is an Indian company specializing in premium paints and coatings for wood and walls. Initially importing wood coatings from Italy and Korea, the company has become a leader in the northern Indian market, expanding its reach to southern and western regions. With high-quality wood coatings, including Polyurethane and Nitrocellulose options, and premium Italian wall paints and textures in collaboration with Oikos, Sirca Paints is renowned for its commitment to quality, research, and customer satisfaction. If you’re seeking premium paints and coatings, Sirca Paints is a compelling choice to create a beautiful, lasting living space.

    Pros of Sirca Paints India Limited

    • Specializes in premium wood and wall paints
    • Strong presence in northern India, expanding in the south and west
    • Offers high-quality wood coatings like Polyurethane and Nitrocellulose
    • Collaborates with Italian brand Oikos for premium wall paints and textures
    • Known for commitment to quality, research, and customer satisfaction
    • Great choice for lasting, beautiful finishes in homes and interiors

    Cons of Sirca Paints India Limited

    • Primarily focused on the premium segment, which might be costly for some customers
    • Limited presence compared to mass-market paint companies
    • Smaller product range focused mainly on wood and walls, with less variety in industrial paints
    • Possibly less accessible in rural or smaller markets due to premium positioning

    Snowcem Paints

    Website snowcempaints.com
    Founded In 1959
    Founders Nanji Kalidas Mehta
    CEO Murari Kundlas
    Head Office Mumbai
    Snowcem Paints - Top Paint Companies in India
    Snowcem Paints – Top Paint Companies in India

    Snowcem Paints is an Indian paint brand that emerged in the 1960s as a part of the Mehta Group. It is one of the oldest and most reliable paint companies in India. The brand is well-known for its innovative and weather-resistant paints, which are eco-friendly and affordable. Snowcem Paints offers a comprehensive range of products, including decorative paints, industrial paints, protective coatings, and essential primers. The company is committed to quality and sustainability, reflected in its state-of-the-art manufacturing facility, stringent quality control processes, and responsible manufacturing practices. Snowcem Paints is a reliable and customer-centric brand that aims to provide superior-quality paints at competitive prices to cater to diverse painting needs.

    Pros of Snowcem Paints

    • Known for innovative and weather-resistant paints
    • Products are eco-friendly and affordable
    • Offers a wide range, including decorative, industrial paints, protective coatings, and primers
    • Strong focus on quality and sustainability with advanced manufacturing and strict quality control
    • Customer-centric approach aiming to provide superior quality at competitive prices

    Cons of Snowcem Paints

    • Smaller market presence compared to bigger paint companies like Asian Paints and Berger
    • Limited international exposure
    • May have fewer distribution points compared to industry giants, affecting availability
    • Less aggressive marketing compared to the top competitors

    JSW Paints

    Website jswpaints.in
    Founded In 2019
    Founders Sajjan Jindal
    CEO A. S. Sundaresan
    Head Office Mumbai
    JSW Paints - Top Paint Companies in India
    JSW Paints – Top Paint Companies in India

    JSW Paints, part of the US$23 billion JSW Group, is a new player in India’s paint companies. Launched in May 2019, the company has two factories, one in Maharashtra for industrial coatings and another in Karnataka for decorative paints, with a combined capacity of 150,000 KL annually. JSW Paints produces 100 million liters of decorative paints and 50 million liters of industrial paints. The company leads India in coil coatings and continues expanding, adding 2,000 retailers each year and covering over 60% of Tier I, II, and III towns.

    Pros of JSW Paints

    • Backed by the strong financial and industrial reputation of the JSW Group (US$23 billion conglomerate)
    • Leader in coil coatings in India
    • Rapid retail expansion is adding 2,000 retailers every year
    • Covers over 60% of Tier I, II, and III towns, showing strong reach in urban and semi-urban markets

    Cons of JSW Paints

    • Relatively new player compared to well-established paint companies, so brand recognition is still building
    • Still expanding operations, so market share and profitability may take time to stabilize
    • Heavy dependence on expansion efforts, which can be capital-intensive
    • Faces strong competition from established giants like Asian Paints, Berger, and Nerolac

    EsDee Paints Limited

    Website esdeepaints.com
    Founded In 1963
    Founder Ganesh Lal Dawra
    CEO Mahaveer Davra
    Head Office Mumbai
    Esdee Paints - Top Paint Companies in India
    Esdee Paints – Top Paint Companies in India

    Esdee Paints Limited, founded in 1963, produces paints for cars, wood, and industries, including heat-resistant and chemical-resistant coatings. The company started with one factory and now has five advanced production units. To meet growing demand, new facilities were set up in Gujarat and Maharashtra between 1988 and 2010. Esdee Paints has a strong position in refinishing and industrial paints, with increasing revenue from decorative paints. It serves well-known clients like Eicher Motors, Tata Motors, and Voltas. The company expects more growth in its B2B segment as demand from auto manufacturers recovers and new clients are added.

    Pros of Esdee Paints Limited

    • Produces a wide range of paints, including car, wood, industrial, heat-resistant, and chemical-resistant coatings
    • Expanded from one factory to five advanced production units
    • New facilities in Gujarat and Maharashtra to meet growing demand
    • Strong position in refinishing and industrial paints
    • Growing revenue from the decorative paints segment
    • Serves reputed clients like Eicher Motors, Tata Motors, and Voltas
    • Positive outlook with expected growth in the B2B segment, especially from auto manufacturers

    Cons of Esdee Paints Limited

    • Limited brand visibility compared to larger paint companies
    • Mainly focused on industrial and automotive segments; may have a smaller share in consumer decorative paints
    • Growth depends heavily on demand recovery in the auto manufacturing sector
    • Less presence in the retail market compared to major decorative paint brands

    JK Maxx Paints

    Website jkmaxxpaints.com
    Founded In 2023
    Founder Part of JK Cement Group
    CEO Yogi Jaiswal (Business Head – JK Maxx Paints)
    Head Office Gurugram, Haryana
    JK Maxx Paints - Top Paint Companies in India
    JK Maxx Paints – Top Paint Companies in India

    JK Maxx Paints, launched in 2023 by JK Cement Ltd., marks the group’s entry into the decorative paints business. Positioned in the mid-premium segment, the brand offers a wide range of interior and exterior emulsions, enamels, distempers, wall putty, and primers. With a strong distribution push and a target of crossing INR 250–300 Cr in sales by FY25, JK Maxx is competing with established players like Asian Paints, Berger, and Nerolac by leveraging JK Cement’s brand equity and pan-India dealer network. JK Maxx is a new paint company in India.

    Pros

    • Backed by JK Cement’s strong financials & credibility
    • Wide product portfolio for interiors & exteriors
    • Growing dealer/distribution network in tier-2 & tier-3 cities
    • Aggressive pricing in the mid-premium range

    Cons

    • New entrant; low brand recall vs Asian Paints & Berger
    • Limited FY24–25 financial performance data publicly available
    • Still scaling up supply chain and retail presence

    Conclusion

    The Indian paint market has experienced remarkable growth in recent years, fueled by numerous top paint companies vying for dominance. From long-established giants to emerging challengers, these companies have continuously raised the bar regarding quality, innovation, and customer satisfaction. With their diverse product portfolios, robust distribution networks, and unwavering commitment to excellence, the top paint companies in India have become synonymous with reliability and trust.

    Whether it’s for residential or commercial purposes, these industry-leading paint companies offer a wide array of paint solutions that cater to every need, making them the preferred choice for customers seeking superior quality and exceptional service. As the Indian paint market thrives, these top paint companies will undoubtedly play a pivotal role in shaping its future trajectory.

    FAQs

    Which is the best paint company in India?

    Asian Paints, the leading paint company in India, proudly holds the top position in the industry. Asian Paints offers an extensive range of paints, including plastic, distemper, oil, and more.

    Which are the top paint brands in India?

    The top 10 Paint Brands in India are:

    • Asian Paints
    • Berger Paints
    • Kansai Nerloc Paints
    • Akzo Nobel India
    • Indigo Paints
    • Nippon Paints
    • Shalimar Paints
    • Jotun
    • Jenson & Nicholson Paints
    • Sheenlac Paints

    What types of paints do these top brands offer?

    The top paint brands in India offer a wide range of paints, including interior and exterior paints, enamels, wood finishes, primers, and speciality coatings. They cater to various sectors, such as residential, commercial, automotive, and industrial applications.

    Which is the oldest paint company in India?

    Shalimar Paints Ltd is India’s oldest paint company, established in 1902.

    Which paint company has the highest market share in India?

    The top paint companies that have the highest market share in India are:

    • Asian Paints
    • Berger Paints
    • Kansai Nerolac Paints
    • AkzoNobel India
    • Indigo Paints

    How can I choose the right paint brand for my project?

    Choosing the right paint brand depends on your specific requirements, the surface to be painted, desired finishes, and personal preferences. Consider factors like quality, durability, colour range, and customer reviews to make an informed decision.

    Where can I purchase paints from these top brands?

    Paints from these top brands are available through authorized dealers, paint stores, and online platforms.

    How many paint companies are there in India?

    India has over 3,000 paint companies, but the market is dominated by a few major players. These include Asian Paints, Berger Paints, Kansai Nerolac Paints, Akzo Nobel India, and more.

  • Asian Paints: A Leader in Innovation in the Paint Industry

    Asian Paints is the leading paint company in India and primarily focuses on the manufacturing, selling, and distribution of paints, coatings, and other products related to home décor, bath fittings, and more. Asian Paints is headquartered in Mumbai, Maharashtra. Talking about Asian Paints, it is a leading name in the paint industry, known for its innovative products, high-quality solutions, and strong customer focus. It is the largest paints corporation in India and the third-largest in Asia. Asian Paints is also known as the holding company of Berger International.

    The manufacturing operations of Asian Paints are currently spread across 15 countries in the world, including India and the Middle East. As per Statista, Asian Paints generated an operating revenue of INR 30800 crore in FY24.

    Read to know more about the Asian Paints Case study, where you will learn about Asian Paints founders, history, tools and products, its intriguing business model, distribution strategy, supply chain network, marketing strategies & successful campaigns led by Asian Paints, Asian Paints acquisitions, and a distinct global analysis of Asian Paints.

    Asian Paints success story
    Case Study on Asian Paints

    Asian Paints Information

    Company Asian Paints
    Headquarters Mumbai
    Founded 1 February 1942
    Founders Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, Arvind Vakil
    CEO Amit Syngle (1 Apr 2020 – Present)
    Key People Ashwin Dani (Chairman) Manish Choksi (Vice Chairman) Amit Syngle (CEO) Abhay Vakil (Non Executive Director)
    Revenue INR 308.5 billion (2024)
    Type Public

    Asian Paints – Industry
    Asian Paints – Startup Story and History
    Asian Paints – Logo and Tagline
    Asian Paints – Vision, Mission and Goals
    Asian Paints – Tools, Products and Services
    Asian Paints – Global Analysis
    Asian Paints – Marketing Strategies
    Asian Paints – Marketing Campaigns
    Asian Paints – Business Model & Supply Chain
    Asian Paints – Growth
    Asian Paints – Weaknesses
    Asian Paints – Acquisitions
    Asian Paints – Challenges
    Asian Paints – Future Plans

    Asian Paints – Industry

    Asian Paints came out as the market leader in the paints segment, when last seen in 2023-2024. The company boasted of having a market share of around 59%. Talking about the organized segment, Asian Paints led the decorative market segment, while Kansai Nerolac led the industrial segment. The India Paints and Coatings Market is valued at USD 9.56 billion in 2024 and is expected to grow to USD 15.00 billion by 2029, with a growth rate (CAGR) of 9.38% during this period.

    The current market share of Asian Paints has been recorded at 59% of the Indian paints industry.

    Market Share of Paint Companies in India
    Market Share of Paint Companies in India

    Asian Paints – Startup Story and History

    Asian Paints was started in 1942 by four entrepreneurs: Champaklal H. Choksey, Chimanlal N. Choksi, Suryakant C.Dani, and Arvind R. Vakil. Champaklal and others initially functioned out of a garage in Bombay that was rented at INR 75 per month. The main aim behind the launch of Asian Paints was to found the world’s biggest and the most successful paint company operating in India.

    Asian Paints was known as ‘The Asian Oil & Paint Company’ in the beginning; the name was randomly picked up at that time from a telephone directory. It was a set up as a partnership firm of four friends when it was started in 1942.

    In 1945, the partnership firm turned itself into a private limited company following a turnover of INR 0.35 million that year.

    During World War II and the Quit India Movement of 1942, there was a temporary ban on paint imports. As a result, companies such Shalimar Paints and Asian Paints took it up themselves to sustain the demand for paints. Asian Paints reported an annual turnover of INR 23 crores in 1952.

    In 1957, Asian Paints achieved a breakthrough when its R&D department developed a process for producing international-quality phenolic and maleic acid resins in a simple coal-furnace through hand-stirring. In the same year, the company set up a plant at Bhandup, Mumbai to cater to the rising demand for paints in the urban areas. By 1967, Asian Paints has already became the leading paints manufacturer in India.

    Dropping The Mascot

    In September 2012, Asian Paints unveiled a new brand identity and a logo made by Soha Ali Khan, dropping its iconic mascot Gattu in the process. Gattu, the impish boy, was made by famous Indian cartoonist R.K. Laxman in 1954. The new identity was conceived after the company conducted an extensive consumer survey in some major Indian cities.

    Asian Paints Logo
    Asian Paints old Logo

    Asian Paints – Logo and Tagline

    Though Asian Paints has come up with numerous taglines, the tagline “Har ghar kuch kehta hai” is one of the iconic of the Asian Paints taglines.

    The logo of Asian Paints is:

    Asian Paints Logo
    Asian Paints Logo

    Asian Paints – Vision, Mission and Goals

    Asian Paints aims to be one of the top five companies in the decorative coatings industry (worldwide) by enlarging its expertise in emerging markets.

    • The company is also working to assure environmental compliance and sustainability by focusing on waste minimization and water conservation at all of its plants across India.
    • Asian Paints’ mission is to provide paints as per market demand while ensuring the desired level and quality of customer satisfaction. Asian Paints emphasizes the continuous availability of the right product mix at the right time.
    • Simultaneously, the company intends to take over the industrial coatings business by forming alliances with established global partners.

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    Asian Paints – Tools, Products and Services

    The Asian Paints tools and products primarily belong to these categories:

    1. Paints and Coatings: Interior and exterior paints, wall textures, wood coatings, metal finishes.
    2. Waterproofing Solutions: Wall, roof, and floor waterproofing.
    3. Home Décor: Wallpapers, stencils, and home improvement products.
    4. Chemicals: Adhesives and industrial coatings.
    5. Painting Tools: Brushes, rollers, spray machines, and color visualizer tools.
    6. Digital Tools: Color selection apps, shade cards, and home décor visualizers.

    Services

    1. Home Painting Services: End-to-end professional painting solutions.
    2. Consultation Services: Expert advice on color and design.
    3. Waterproofing Services: Inspection and treatment for leakage issues.
    4. SmartCare Services: Specialized solutions for surface and structural problems.

    Asian Paints – Global Analysis

    Asian Paints runs its business in 15 countries and has 26 paint-manufacturing facilities worldwide servicing customers in over 65 countries. Besides the brand ‘Asian Paints’, the group operates around the world through its subsidiaries: Asian Paints Berger, Apco Coatings, SCIB Paints, Taubmans, Causeway Paints, and Kadisco Asian Paints.

    Asian Paints’ global setup is as follows:

    • Asian Paints operates in South Asia (India, Bangladesh, Nepal, and Sri Lanka), where Asian Paints has 15 manufacturing units, and is called Asian Paints Causeway in Sri Lanka
    • The company is present in South East Asia, in Indonesia, where the company has 1 manufacturing plant
    • Asian Paints operates in South Pacific, where it has 2 manufacturing plants in total and serves Fiji, Samoa Islands, Vanuatu, and Solomon Islands. In Fiji, Asian Paints is known as Apco Coatings and Taubmans and in Samoa Islands, it is known as Taubmans, while in the remaining countries, Asian Paints is known as Apco Coatings
    • Asian Paints operates in the Middle East (Oman, Bahrain, Egypt, Dubai, Qatar), where it has 5 manufacturing plants. It is known as SCIB Paints in Egypt and Asian Pains Berger in the rest of the countries
    • Asian Paints has set up 3 manufacturing plants in Ethiopia, and is known as Kadisco Asian Paints
    • Taubmans in South Pacific (Fiji and Samoa)
    Revenue Share From International Operations for Asian Paints Limited in the Financial Year 2024, by Region
    Revenue Share From International Operations for Asian Paints Limited in the Financial Year 2024, by Region

    Asian Paints – Marketing Strategies

    • Nationwide Reach: Unlike its competitors who concentrate only on the urban areas, Asian Paints embraces countrywide distribution through a widespread network of 70,000 dealers. The company maintains a large network of regional offices, company depots, and sales personnel to assist dealers across India.
    • Smart Branding: Along with initiatives to build customers’ trust, Asian Paints also focuses on its communication and brand strategy. In 2000, Asian Paints appointed the Bangalore-based “Momentum” as consultants for a new advertising strategy meant to foster an attractive public image.
    • Lower Costs and Emotional Advertising: Asian Paints reduced the cost of raw materials to bring down the price of its paints. It came up with another advertising strategy that created an emotional connection with the customers.
    • Custom Products: Asian Paints is quite strong in production-marketing coordination. Its policy of offering tailor-made products to fulfill customer needs has resulted in an ever-increasing product range.
    • Award-Winning Excellence: Corporate reputation has been a major plus point for Asian Paints. The image is that of a successful, well-managed, and trustworthy company. Asian Paints is the recipient of several accolades and awards.
    • Technology Driven: Asian Paints placed a huge emphasis on technology and marketing in its initiatives. It implemented Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) solutions for rationalizing processes.
    • Brand Partnerships: By partnering with PPG INC, a leading manufacturer of automotive coatings, Asian Paints seeks to meet the ever-growing requirement of automotive coating, industrial powder, protective coating, industrial light coating, and industrial container coating in India.

    The above-mentioned steps resulted in a strong emotional connection between Asian Paints and its customers. The strategies lured in new customers while retaining the existing ones.

    Asian Paints – Marketing Campaigns

    Asian Paints have made cricketer Virat Kohli its brand ambassador in April 2024, who featured for the NeoBharat Latex Paint ad.

    Asian Paints NeoBharat Latex Paint | Har Ghar Khelega, Har Ghar Khilega

    Some of the major Asian Paints campaigns are:

    • “Don’t lose your temper, use Tractor Distemper”: This slogan belonged to the very first campaign launched by Asian Paints. The campaign showed the popular mascot ‘Gattu’ with a paint bucket in his hand.
    • “Har Ghar Kuch Kehta Hai”: This campaign established Asian Paints as a premium brand with an emotional touch. The idea behind the campaign was that each color had a story to tell. Asian Paints tried to encourage the initiative of painting one’s home for festive occasions like Diwali, marriage, childbirth, etc.
    • “Where The Heart Is”: This campaign proved to be a masterstroke strategy for Asian Paints. It featured celebrities such as Sushant Singh Rajput, Saurav Ganguly, Radhika Apte, Mandira Bedi, and others who described the significant role Asian Paints played in their lifestyle through color and home décor.

    The campaign featuring Sushant Singh Rajput

    • #PeopleAddColour: The recent campaign created a heart-warming depiction of paying guests not being inferior to one’s family. It showed how rooms refurbished with Asian Paints decals brought paying guests closer to their landlords.
    • ‘Budget wala paint’: This Ad campaign ‘Budget wala paint’ promotes Tractor Sparc Emulsion. By highlighting the budget issues faced by consumers, Asian Paints launched a pocket-friendly paint that offers a rich-looking finish at an affordable price.

    The Creative Marketing Strategy of Asian Paints
    Asian Paints is one of the most successful and largest paint company. Lets deep dive to understand its marketing strategy.


    Asian Paints – Business Model & Supply Chain

    Asian Paints is one of the companies that started identifying the trends and of consumption quite early in its game and eventually constructed innovative and effective strategies around the same. Asian Paints boasts of a market cap of $2332.76 billion as of November 2024, and this would have hardly been possible had it not targeted the right section of people with quality products, powered by the right marketing mix.

    Asian Paints has developed its business on the B2C business models, where the brand manufactures and distributes products direct to consumers and via retailers and distributors.

    No doubt Asian Paints brainstormed amazing advertising campaigns that led to its marketing wins time and again. For instance, when the company launched Gattu the mischievous kid in 1954, the mascot immediately appealed to all the Indian consumers, especially the middle-class society.

    Furthermore, the company spent around INR 8 crores to buy a mainframe computer to become the first private company to own a computer, which was a bold move indeed. This computer was used for analyzing data and helped the company in forecasting their demands and enhancing their service levels across the supply chain, whereas the other companies continued to use computers generally for payroll and administration works even later.

    Asian Paints continued with its judicious investments to improve its supply chain efficiency and always aimed to stay a step ahead of its competitors and rivals, which it did throughout the years.

    The company launched its IPO as early as 1982 and used the proceedings to expand its business and launch a wide range of exciting new products. The supply chain practices that Asian Paints developed, always remained matchless in the paints industry in India. The eye for innovation with a sole focus on the consumer side of the paint industry is something that Asian Paints is distinguished for and which fueled the company to pursue with other sub-brands like Ultima, Royale, and more. All of which enjoyed their own individual successes.

    The company also believed in scaling up its operations and improving its factories and their capacities for expansion with cutting-edge machinery, and a wise investment in their IT operations.

    Along with being one of the most prominent and trustworthy names in the paints industry, Asian Paints also holds its presence in a wide range of products and industries including kitchen, bath fittings, and an array of other services like waterproofing solutions, color consultancy, interior designing and more.

    The supply chain practices that Asian Paints developed always remained matchless in the paints industry in India. Asian Paints has vast distribution network and channels through which it distributes its products and services with the help of retailers, wholesalers, and distributors. The company now operates in more than 14 countries and has already set up 26 paint manufacturing plants enjoying consumers from over 60 countries in total.

    Berger International Limited, Taubmans, SCIB Paints, and Kadisco, and Apco Coatings are some other subsidiaries of Asian Paints that operate globally.

    Target Market of Asian Paints

    Asian paints target a whole range of customers, including but not limited to homeowners, corporates, automobile companies, wholesalers, and distributors.

    • The retail customers of Asian Paints are usually the people of 20 years and above from middle, upper-middle, and higher-income groups.
    • The corporate customers of the company belong from private companies, government bodies, and other institutions.

    Asian Paints – Growth

    Starting before the Indian independence, in 1942, Asian Paints has witnessed a long and successful journey indeed. Within 25 years of its existence, Asian Paints became a corporate workforce and emerged as the leading paints company of India. It has been leading India’s paints market since 1967 and is, today, twice the size of any paints company in India.

    Asian Paints is present in the Decorative paints department, where the company boasts of products that caters to Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. Asian Paints is also present in the Industrial Coatings space, where the company operates through two 50:50 joint ventures with PPG, Inc, USA.

    Asian Paints also diversified into chemical products due to vertical integration, when it produced products like Phthalic Anhydride and Pentaerythritol, which are used in the paint manufacturing industries, but the company discontinued the production of Phthalic Anhydride since the end of July 2017. The Home Improvement and Decor segment also has Asian Paints’ products in the form of Sleek and Ess Ess, which can be seen in the Kitchen and Bath fittings space.

    The company has recently forayed into the Surface Disinfectants and Santisation segment by launching Viroprotek. Furthermore, Asian Paints is also offering the sanitisation service, San Assure and Safe Painting service to its customers since the Covid-19 pandemic broke out.

    Some more growth highlights of Asian Paints are:

    • Asian Paints has INR 35,000 crores consolidated revenue milestone in FY2024
    • The company is present in 65 countries and has 26+ paint manufacturing facilities in the world
    • It services consumers from over 60 countries globally
    • Asian Paints currently enjoys the possession of over 50% of the market shares

    Asian Paints Financials

    Asian Paints reported a 42.4% drop in net profit for Q2FY25, which stood at INR 694.64 crore, down from INR 1,205.42 crore last year. Revenue also decreased by 5.3% year-on-year, falling to INR 8,003.02 crore from INR 8,451.93 crore.

    The company reported INR 30,727.7 crore in revenue in FY23-24 from the sale of products and services, marking a 2.6% increase from previous year. EBITDA stood at INR 7,855.0 crore, up by 23.9%, while free cash flow reached INR 3,571.0 crore, a growth of 18.5%. The Return on Capital Employed (ROCE) was 41.2%, reflecting an 8.4%

    Asian Paints registered its revenue from operations in Q4 FY22 at INR 7892.67 crore , thereby witnessing an 18.66% jump. The consolidated sales of Asian Paints also saw a rise of over 20% from Q4 FY2021, which became INR 7890 crore. The PBDIT of the company witnessed a 12.8% surge, which was INR 1156.31 crore and became INR 1304.88 crore.

    The consolidated sales of Asian Paints increased by 34.6% from INR 21,485.20 crore in FY21 to INR 28,923.48 crore in FY22. However, the PBDIT decreased from INR 4304.35 crore in FY21 to become INR 4303.42 crore in FY22.

    Asian Paints Shareholding

    Being one of the largest paints manufacturer in the world, Asian Paints’ shares attract the investors’ attention always. The majority of its stakes are held by the Promoter and Promoter Groups, who are followed by the Institutions, which hold over 25% of the stakes, as of November 2024.

    Asian Paints Shareholding Pattern
    Asian Paints Shareholding Pattern

    Asian Paints – Weaknesses

    • Asian Paints owns only 15% of the market share in the industrial paints segment. It lags behind Goodlass Nerolac which has a market share of 43%. Since the segment is pegged to grow massively in the future, a fallback in this category can be a disaster for Asian Paints.
    • Low international business growth: Though Asian Paints is clearly a winner in India, and is expected to continue dominating the Indian markets, the company has not scaled much outside India, which is one of the weaknesses of the company that needs to be overcome in the times upcoming.
    • Production and inventoring issues: In the decorative paints segment of the paints industry, the customers’ tastes are ever-changing, these changing customer tastes puts huge pressure on the brands like Asian Paints, which needs to constantly update their production and inventory to satisfy the customers.
    • Widening product mix puts a strain on production distribution, accounting, and administration. At the same time, the company’s innovation strategy for new products is inadequate.

    Asian Paints – Acquisitions

    Asian Paints has acquired 4 companies to date. The last of its acquisitions was that of Nanova, which came in on February 15, 2024. Here’s a list of the Asian Paints acquisitions:

    Company Acquired Date Deal Value
    Nanova February 15, 2024 Undisclosed
    White Teak April 1, 2022 $14.17 million
    Sleek International March 20, 2013
    Berger International September 6, 2002

    Asian Paints – Challenges

    Being one of the pioneering companies that shaped the Indian industry of paints, Asian Paints had to face numerous odd obstacles since it started its journey. Numerous companies have cropped up and gone but Asian Paints remained the same old favourite of the Indians.

    Crude Oil Prices

    One of the major challenge that Asian Paints will likely face is the increase of the prices of crude oil and their derivatives. Zinc oxide, titanium oxide, solvents like turpentine and other additives are all based out of crude oil and its derivatives. Therefore, an increase/decrease of the prices of them directly affects the prices of the paints and other products of Asian Paints. Besides, the raw materials make up around 55-58% of its total expenses, which is huge indeed, and any changes in the same, would impact the expenses and the profit/loss scale of Asian Paints.

    Fall of Asian Paints Shares

    The shares of Asian Paints has reportedly fell by around 7% on May 25, 2022. The company has noted over 9% fall of its share in the last two days on May 25th and 26th, 2022. One of the most prominent reasons for the fall of the Asian Paints shares is the announcement by Grasim, where the company has announced that it will be increasing its capital expenditure in the paint business by nearly Rs 10,000 crore over the 2-3 years upcoming. This is done by the Aditya Birla-owned company to increase its production capacity. This move by Grasim is will certainly increase competition in the market. Asian Paints, which has currently been found to possess over 50% of the market share, might also see a decline of its total market share in the upcoming years.

    Asian Paints’ shares are currently trading at INR 2439 per share, which is much less than its high price of INR 3590.

    Covid Waves

    Asian Paints had also seen the worse during the Covid-19 onslaught, where along with witnessing a dip in its sales and services, the company also witnessed demand uncertainty and more.


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    Asian Paints – Future Plans

    The company aims to achieve INR 1 lakh crore in revenue over the next decade by expanding its product range, said MD and CEO Amit Syngle.

    The company is also transforming its home decor business into a complete one-stop shop, offering products like lighting, doors, windows, fabrics, furniture, as well as bath and kitchen essentials.

    Asian Paints aims to consolidate its dominant market position in India by launching new products that will be in line with the developments that the Indian market is seeing both in the decorative paints and industrial coating segments.

    Conclusion

    Asian Paints started a revolution in India through unique color shades, themes, and refreshing patterns. It brought ‘home decor’, often seen as a luxury, within the reach of the Indian middle-class population. With an imposing market share, an impressive resilience and its unique business and revenue model, the company has still got the mettle to rule! This case study on Asian Paints shows its focus on product variety, technology, and brand strength has made it a leader in the Indian paints and home decor market.

    FAQs

    What is Asian Paints?

    Asian Paints is an Indian multinational paints company that offers a wide range of products and services involving manufacturing, selling and distribution of paints and coatings, bath fittings in home decor, santisers and sanitisation services and more.

    When was Asian Paints founded?

    Asian Paints was founded on February 1, 1942.

    Who are the founders of Asian Paints?

    Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, and Arvind Vakil are known as the founders of Asian Paints.

    What is the Asian Paints color bucket price?

    The Asian Paints color bucket prices start from around Rs 500/litre.

    What is the Asian Paints market share?

    Asian Paints market share is currently around 59%, as of November 2024.

    Which is Asian Paints origin country?

    Asian Paints’ country of origin is India. The company is currently headquartered in Mumbai, Maharashtra.

    What is in the Asian Paints product portfolio?

    The Asian Paints product portfolio consist of paints and textures, wallpapers, products of health and hygiene, and other services.

    What is the USP of Asian Paints?

    The USP of Asian Paints lies in its strong brand reputation, wide range of high-quality products, custom solutions for customers, and quick delivery. The company also focuses on innovation, offering advanced technology like color visualization tools and eco-friendly products.

    How has Asian Paints’ consumer-focused approach enabled it to consistently meet the needs and preferences of customers in the paint industry?

    Asian Paints’ consumer-focused approach helps it meet customer needs by offering personalized products, color tools, and eco-friendly options. Its strong customer service and distribution network ensure satisfaction, keeping it ahead in the paint industry.

  • Berger Paints Business Model | How does Berger Paints Make Money?

    A business model is a criterion to find an orderly business-like way to open long-term value for a company while providing importance to customers and apprehending value through monetization schemes. It can be of any industry which has several assumptions to comprehend in the marketplace.

    When it comes to wall paints, many multinational paint companies pop up in our minds. From which Berger paints is one of them. It was founded in 1760 by Lewis Berger and was incorporated in Kolkata, India in 1923.

    About Berger Paints
    Key Products and Services of Berger Paints
    Target Audience of Berger Paints
    Business Model Of Berger Paints
    What’s unique about the business model of Berger Paints?
    How Does Berger Paints Make Money?
    Conclusion
    FAQs

    About Berger Paints

    About Berger Paints

    With modest outfits in India in 1923, today, Berger Paints India Limited is the second largest paint corporation after Asian paint in India with a uniform track record of being one of the fastest-growing paint companies for the past few years.

    The company is set up in many areas Russia, Poland, Nepal, and Bangladesh. It has hands of around 2,800 and a distribution bandwidth of 25,000 plus agents.

    Key Products and Services of Berger Paints

    Berger Paints Products
    Berger Paints Products

    Berger Paints provide several painting products including, decorative paints, coatings, chemicals, and industrial finishing products. We can go through its product finder that provides one to choose the best colors for their inner and outer walls.

    It provides professional painting services to decorate homes, buildings, and offices with its incredible color palette and complexions of your preferences.

    Target Audience of Berger Paints

    Berger paints mainly focuses on marketing by their promotional strategies to draw the attention of their audiences. They advertise their products through TV commercials. This plays a significant role in their promotion. They intend to prioritize their product extent for combinations and expand its resources across towns and small cities. They spread their advertisements through social media marketing. Berger paints promote its theme on social media platforms to improve the attention of the brand with its audience.

    The themed activity highlighted the promotion of Berger’s color palettes and compositions. For example, the #JaldiKaro theme was geared up on many social media channels including, Facebook, Instagram, and Twitter. It became possible only with the support of a series of joyful videos. Even in the offline advertisement, Berger paints made an immense splash on travel media on the trains, flights, buses, etc.

    Berger Paints Advertisement

    Business Model Of Berger Paints

    Berger Paints Logo
    Berger Paints Logo

    Berger Paints explores the brand with the marketing combination covering the 4Ps. These 4Ps refer to the amalgamation of product, place, price, promotion. There are several marketing strategies like product designing, pricing method, publicity planning by advertising, etc. They are giving their customers a variety of innovative painting ideas for decorating and industrial too.

    The company’s protocol is to establish in the market and position its product with the help of service segregation, product segregation, and image segregation which helps to grasp a good position in the market by offering better value products at a reasonable and affordable price. These business schemes, based on Berger Paints’ marketing which helps the brand to succeed.


    Case Study on Asian Paints | Asian Paints Marketing Strategy
    Asian Paints is the leading paint company in India. Read the Asian Paints Case Study, its business model, supply chain model, marketing strategy, etc.


    What’s unique about the business model of Berger Paints?

    As we have already mentioned, Berger Paints is one of the top paints companies in India. The product portfolio of Berger Paints contains decorative paints and industrial paints, which form the product scheme in the marketing of Berger Paints. The Berger Paints of today has an enticing history of varying ownerships.

    Berger Paints has driven through many ups & downs along with ownership changes to increase its current significance. The majority stake is with the Delhi-based Dhingra brothers.

    In its business model, Berger paints have the following secret recipes, which are the pillars in their business strategy:

    1. Focusing on the base of the company – Mr. K. S. Dhingra, advocater, Berger Paints, stated, “We have to concentrate on paint and rise only in paint. It’s particularly a competitive job. One minor misstep can take us back more than four months behind our partners. We have to leg it safely. Our competitors are waiting for Berger to make a mistake. We even wait for our competitors to make a mistake so that we can cover the opening between them quicker.”
    2. Strengthening the competition track – Berger has only focused on bringing up its products with unique features. This has let it create a strong brand for such products. By this, Berger products have promoted Berger to strengthen its competitive positioning in the industry.
    3. Distribution of capital – Mr. K.S Dhingra, promoter, Berger Paints stated that whatever net worth is available to them, they will utilize it only for their paint business. The capital will never use it for any other purpose. They will use the capital in a controllable manner.

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    How Does Berger Paints Make Money?

    Berger makes money through all the products and services mentioned above. Berger Paints India lifted to the 15th position from its 24th position in the fiscal year of 2016. It goes on to provide innovative, advanced, and refined paint products and services. Berger Paints is the second largest firm in India which established itself as a trusted brand in the Indian paint business.

    The company is planning to subsidize expansion. Berger Paints India Ltd Managing Director & CEO Abhijit Roy stated that they are already in the process of subsidizing two fresh new plants. Around Rs 220 crores are being utilized in a facility in Bangalore. On the other hand, another plant is appearing near Pune. The plant in Bangalore would generate water-based paints. The other plant near Pune would provide industrial-based paints.

    In this way, it will maintain its growth by some of its plans. Berger stands out with its distinctive business model that intends to give its customers with best outputs and services at reasonable prices. Berger is not one of the firms that have attained fast growth and expansion. But one that stands as a market leader purely because it has innovated things and earned its position.

    Conclusion

    The above study on Berger Paints states all the marketing schemes that the firm is using have one goal. The one goal is to circulate awareness about its products and services and schedule appointments with its customers using a satisfying combination of digital media and offline trade plans to withstand this problem. They have a great Digital Marketing strategy. They have to keep their methods growing with time to make them suitable. The company has to preserve its reputation as well as maintain its status. They also need to maintain their performance amazingly as they are already doing.

    FAQs

    What is the business of Berger Paints?

    Berger Paints Ltd is an Indian multinational paint company, based in Kolkata, India involved in paint color business.

    Does Berger Paints operate in different countries?

    Yes, Berger Paints is a multinational company. Berger Paints has 16 manufacturing units in India, 2 in Nepal, 1 in Poland and 1 in Russia.

    Who is the owner of Berger Paints?

    U. K. Paints India Private Limited is the parent company and owner of Berger Paints.