Asian Paints this is Right Time To Invest In Asian Paints

Asian Paints Ltd., established on February 1, 1942, is an Indian multinational paint company headquartered in Mumbai, Maharashtra. Founded by Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, and Arvind Vakil, the company has evolved into India's largest paint manufacturer and ranks among the top ten decorative coatings companies globally.

**Business Segments:**

- **Decorative Paints:** Asian Paints offers a comprehensive range of interior and exterior paints, wood finishes, and metal coatings. The company also provides waterproofing solutions, adhesives, and wall coverings.

- **Industrial Coatings:** Through joint ventures with PPG Inc., Asian Paints caters to the automotive coatings market and offers protective, industrial powder, industrial containers, and light industrial coatings in India.

- **Home Décor:** Expanding beyond paints, the company provides modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lighting, uPVC windows and doors, wall coverings, furniture, fabrics, furnishings, and rugs.

**Global Presence:**

Operating in 15 countries with 27 manufacturing facilities, Asian Paints serves consumers in over 60 countries. The company's international brands include Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints.

**Manufacturing Facilities:**

Asian Paints' manufacturing footprint spans multiple countries:

- **India:** 10 plants located in Ankleshwar & Sarigam (Gujarat), Patancheru (Telangana), Kasna (Uttar Pradesh), Sriperumbudur (Tamil Nadu), Rohtak (Haryana), Khandala & Taloja (Maharashtra), Mysuru (Karnataka), and Visakhapatnam (Andhra Pradesh).

- **Sri Lanka:** 2 plants under Asian Paints Causeway.

- **Nepal:** 2 plants operating as Asian Paints.

- **Bangladesh:** 2 plants under the Asian Paints brand.

- **Indonesia:** 1 plant operating as Asian Paints.

- **Fiji:** 1 plant under Apco Coatings & Taubmans.

- **Samoa Islands:** 1 plant under Taubmans.

- **Oman, Bahrain, UAE:** 1 plant each under Asian Paints Berger.

- **Egypt:** 2 plants under SCIB Paints.

- **Ethiopia:** 3 plants under Kadisco Asian Paints.



**Financial Performance:**

As of the fiscal year ending March 31, 2024, Asian Paints reported a consolidated turnover of ₹354 billion.

**Leadership:**

- **Non-Executive Chairman:** R. Seshasayee

- **Non-Executive Vice Chairman:** Manish Choksi

- **Managing Director & CEO:** Amit Syngle



**Recent Developments:**

- **Vinyl Acetate Ethylene (VAE) and Vinyl Acetate Monomer (VAM) Manufacturing:** In October 2022, Asian Paints approved the establishment of a manufacturing facility in India with an investment of approximately ₹2,100 crores over three years. The facility will have an installed capacity of 100,000 tons per annum for VAM and 150,000 tons per annum for VAE.

- **Nanotechnology Partnership:** The company entered into a partnership with Harind to acquire a 51% stake in Harind Chemicals and Pharmaceuticals Private Limited, with plans to acquire an additional 39% over the next five years.

- **White Cement Manufacturing:** Asian Paints signed a binding term sheet with Riddhi Siddhi Crusher & Land Transport and Associated Soap Stone Distributing Company Private Limited to form a joint venture for manufacturing and exporting white cement and white cement clinkers. The joint venture will set up a manufacturing plant in Fujairah, UAE, with an initial capacity of 265,000 tons per annum and an overall investment of approximately ₹550 crores over two years.

With a strong consumer focus and innovative spirit, Asian Paints continues to lead the industry, delivering a wide array of products and services to beautify and transform spaces globally.