By Saksham Arora Asian Paints Ltd is India’s largest paint company and one of the world’s leading decorative paint and coating and home improvement solutions manufacturers. Founded in 1942, the company has expanded from a tiny garage-based business in Mumbai to a multinational business with a presence in more than 60 countries. Asian Paints focuses on innovation, quality products and customer satisfaction, making it a trusted brand in the residential as well as the industrial sectors.
Asian Paints – Quick Overview
| Particular | Details |
| Company Name | Asian Paints Ltd |
| Type | Public Company |
| Founded | 1 February 1942 |
| Founders | Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, Arvind Vakil |
| Headquarters | Mumbai, Maharashtra, India |
| CEO | Amit Syngle |
| Vice Chairman | Manish Choksi |
| Industry | Chemicals, Decorative Paints, Coatings |
| Area Served | Worldwide (60+ countries) |
| Employees | 9,482 permanent & 21,189 contractual (2024) |
| Official Website | asianpaints.com |
Net Worth and Market Cap
As of 2024, the Asian Paints had a revenue of ₹36,183 crore (US$4.3 billion) and a net income of ₹5,558 crore (US$660 million). The total assets of the company range from ₹29,924 crore (US$3.5 billion) and equity stands at ₹19,424 crore (US$2.3 billion). Asian Paints has a market capitalization of around ₹2.5 lakh crore (US$30 billion) and is the leader in India’s paint and coatings industry.
Corporate Leadership
Amit Syngle is the CEO of Asian Paints, expanding its business across the globe with strategic growth and operational excellence. Manish Choksi, the Vice Chairman, represents the promoter families, who together have a majority stake of 52.63%. The Choksi, Dani, and Vakil families have retained a strong leadership influence within the company since its founding.
Overview of Services
Asian Paints has a lot of products and services for the home, industry and commercial use. It offers a wide range of products such as decorative paints, industrial coatings, protective coatings as well as chemicals in its portfolio. The company also offers home decor solutions, modular kitchens, bath fittings and customised interior design solutions under the ambit ofBeautiful Homes. Asian Paints has 27 manufacturing plants across 15 countries and distributes the products in more than 60 countries and the products have been made available and consistent in quality across the world.
With decades of experience, a strong product line and innovative services, Asian Paints continues to lead the paint and home improvement sector by combining the traditions with the modern trend and meeting the global customer needs.