Asian Paints
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Asian Paints History • •
On February 1, 1942,during the second world war, hardly a promising time to set up a new company in India, but that is exactly what four young men did in Bombay. The name "Asian Paints" was picked randomly from the telephone directory. And the four young men started manufacturing paint in a garage rented for Rs. 75 a month, equipped with little more than a traditional Gujarati rhyme that reminded them that you can make any colour by mixing the right proportions of red, blue and yellow.
Vision "Asian Paints aims to become one of the top five Decorative coatings companies world-wide by leveraging its expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term value in the Industrial coatings business through alliances with established global partners." About the Company •
• • •
Asian Paints is India's largest paint company and ranks among the top ten decorative coatings companies in the world today, with a turnover of Rs 20.67 billion (USD 435 million) The company operates 28 paint-manufacturing facilities in 23 countries with a combined capacity of 330 million litres per annum. Its consolidated revenue was about $450 million in F2003, and its current market capitalisation is $641 million. Asian Paints is the leader in nine overseas markets. In India, it is the leader in the paint market with a 39-per cent share in F2003. Its operations are focused in emerging markets with a presence in South Asia, Southeast Asia, the Middle East and Africa
Achievements •
• •
The October' 2002 issue of Forbes Global magazine USA ranked Asian Paints among the 200 Best Small Companies in the World for 2002 and presented the 'Best under a Billion' award, to the company. "Business Today" in Feb 2001 ranked Asian Paints as the Ninth Best Employer in India. A survey carried out by 'Economic Times' in January 2000, ranked Asian Paints as the Fourth most admired company across industries in India.
News • •
Asian Paints has acquired a 9.2 per cent stake in ICI (India) Limited. It acquired Berger International (Singapore) in November 2002 and SCIB (Egypt) in December 2002
On February 1, 1942,during the second world war, hardly a promising time to set up a new company in India, but that is exactly what four young men did in Bombay. The name "Asian Paints" was picked randomly from the telephone directory. And the four young men started manufacturing paint in a garage rented for Rs. 75 a month, equipped with little more than a traditional Gujarati rhyme that reminded them that you can make any colour by mixing the right proportions of red, blue and yellow.
Vision "Asian Paints aims to become one of the top five Decorative coatings companies world-wide by leveraging its expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term value in the Industrial coatings business through alliances with established global partners." About the Company •
• • •
Asian Paints is India's largest paint company and ranks among the top ten decorative coatings companies in the world today, with a turnover of Rs 20.67 billion (USD 435 million) The company operates 28 paint-manufacturing facilities in 23 countries with a combined capacity of 330 million litres per annum. Its consolidated revenue was about $450 million in F2003, and its current market capitalisation is $641 million. Asian Paints is the leader in nine overseas markets. In India, it is the leader in the paint market with a 39-per cent share in F2003. Its operations are focused in emerging markets with a presence in South Asia, Southeast Asia, the Middle East and Africa
Achievements •
• •
The October' 2002 issue of Forbes Global magazine USA ranked Asian Paints among the 200 Best Small Companies in the World for 2002 and presented the 'Best under a Billion' award, to the company. "Business Today" in Feb 2001 ranked Asian Paints as the Ninth Best Employer in India. A survey carried out by 'Economic Times' in January 2000, ranked Asian Paints as the Fourth most admired company across industries in India.
News • •
Asian Paints has acquired a 9.2 per cent stake in ICI (India) Limited. It acquired Berger International (Singapore) in November 2002 and SCIB (Egypt) in December 2002
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