CW profiles India’s Most Admired Construction Brand: Asian Paints

01 Jun 2022 Editorial Team

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Asian Paints has come a long way since its humble beginnings in 1942. Over the course of two decades, the company has become a corporate force and India’s leading paints company. Driven by a strong consumer focus and innovative spirit, it has been a preferred brand for paints in India for more than 50 years. Headquartered in Mumbai, today the company is in the business of manufacturing and selling a wide range of paints for decorative and industrial use. The company also offers wall coverings, adhesives and services under its portfolio and has entered the home décor segment offering lightings, furnishings and furniture and end-to-end design to execution services under this and the home improvement segment offering bath and kitchen products. Asain Paints operates in 14 countries and has 26 paint manufacturing facilities in the world, servicing consumers in over 60 countries. In the year 2020-21, it saw a consolidated turnover of Rs. 217.13 billion. The company’s reported revenue outcome is Rs. 185.17 billion and EBIDTA is Rs. 48.59 billion. FY2020-21 was a year of new norms – new customer expectations and needs, and a new work environment and its challenges. As an organisation, we not only adapted to these new norms, addressing the emerging realities but also remained in pursuit of our long-term strategic objectives that would enable us to deliver sustainable growth,” Amit Syngle, Managing Director and CEO, Asian Paints, as quoted in the company Integrated Report 2020-21. “The key highlight of the past year has been our organisation’s resolve to deliver, despite (the) challenges, driven by our singular passion of delivering best-in-class value to our customers. And I am confident that we will continue to stay focused in this pursuit.” The market capitalisation of the company has grown at a CAGR of 28.3 per cent since April 1, 2002, from Rs. 21.25 billion to Rs. 2,433 billion as of March 31, 2021. An investment of Rs. 1,000 on April 1, 2002, would be valued at Rs. 114,535 as of March 31, 2021, excluding dividend pay-outs. Over two decades, the company has become a corporate force and India’s leading paints company. Driven by a strong consumer focus and innovative spirit, it has been a preferred brand for paints in India for more than 50 years.

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