Asian Paints Ltd., was set up in 1942 and manufactures a wide range of paints for both decorative and industrial use.
Asian Paints is a Large Cap company with a market capital of Rs 177672.21 Crore.
The Asian Paints group is the largest paint manufacturer in India. About 80% of its revenue comes from decorative paints and the remaining from industrial paints and overseas operations.
It has eight decorative paints plants in Ankleshwar (Gujarat), Medak (Andhra Pradesh), Kasna (Uttar Pradesh), Sriperumbudur (Tamil Nadu), Rohtak (Haryana), Khandala (Maharashtra), Mysuru (Karnataka) and Visakhapatnam (Andhra Pradesh).
The group has an industrial paint plant in Taloja, Maharashtraand a penta plant in Cuddalore, Tamil Nadu.
The group produces automotive industrial coatings under PPG Asian Paints Pvt Ltd
In 2013, Asian Paints with acquired 51% stake in Sleek group (kitchen and wardrobesolutions provider) and later in 2017, Asian Paints acquired the balance 49% in sleek from its erstwhile promoters. Sleek is now a wholly owned subsidiary of the company.
In 2014, Asian Paints acquired the entire Ess Ess Bathroom products Pvt Ltd (Ess Ess is a prominent player in the bath segment).
Asian Paint’s Sales infrastructure is strong and comprises numerous stock points and a network of over 60,000 dealers with around 46,000 colour tinting machines.
Asian Paint’s operations span India and 15 countries in South-East Asia, South Asia, Africa, the Middle East, and South Pacific Islands through subsidiaries and joint ventures.
Asian Paints has eight corporate brands such as Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway Paints and Kadisco.
Mr. Amit Syngle is the MD & CEO of Asian Paints ltd.
The group’s revenue registered a compound annual growth rate of 11% over the five fiscals through 2019.
Over the last 30 days, the Asian Paintsshare price is up 14.2% and over the last one-year, Asian Paintsshare price is up 24.7%.
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