Asian Paints: History, Latest Updates, Milestones, Subsidiaries & Share Price

Asian Paints

Introduction

Asian Paints manufactures a wide range of paints for decoration and industrial use. It offers products for wall coverings, water proofing, adhesives and services too. It also offers interior designing, along with decors for bath and kitchen rooms. It has also included lightnings, furnishings and furniture in its portfolio. Asian Paints has entered into an agreement with Weatherseal Fenestration for engaging in the business of interior decoration / furnishing. The company has also entered into an agreement with White Teak firm to involve in business of decorative lightning products and fans

Asian Paints Moves In 2023-2024:

Asian Paints has made an announcement of their financial results for the Q1, Q2 and Q3 quarter for the financial year 2024. Asian Paints share price today (23.01.2024) is Rs. 3061.65. Asian Paints share price is also trading at a bearish price change of -2.61%.

Evolution Of Asian Paints: From Past to Present:

Year	Evolution
1942	Founding of Asian Paints in Bombay (now Mumbai) by four visionary friends.
1945	Establishment of the company under the name Asian Oil and Paint Company Pvt. Ltd., with a focus on surface coatings and latex for rubber tires.
1965	Change of the company's name to Asian Paints (India) Pvt. Ltd.
1973	Conversion of Asian Paints into a Public Limited Company.
1975	Issuance of bonus equity shares to shareholders.
1985	Expansion with new paint units in Patancheru and collaboration with Nippon Paints for powder coatings.
1987	Entry into synthetic rubber lattices production and receipt of a letter of intent for phthalic anhydride manufacturing.
1988	Issuance of secured non-convertible debentures to financial institutions.
1990	Expansion to Fiji, Tonga, Australia, and collaborations in Nepal and Sri Lanka.
1991	Pentasia Chemicals Ltd. became a subsidiary and later merge into Asian Paints.
1993	Operations expanded to Australia, and a joint venture with Mauritius was established.
1995	Expansion of manufacturing capacities in Visakhapatnam, and collaboration with PT Abadi Coating Solusi, Indonesia.
1996	Formation of a joint venture with PPG Industries, USA, for automotive paints.
1999	Acquisition of a majority stake in Delmege Forsyth & Co (Paints) Ltd., Sri Lanka.
2000	Commencement of manufacturing in Oman.
2001	Introduction of Utsav Enamel and initiation of collaboration with the Maharashtra Government.
2002	Establishment of joint ventures in Bangladesh and the Pacific Islands, and acquisition of a controlling stake in Berger International, Singapore.
2003	Commencement of commercial production at the Rohtak plant, with a proposal for issuing bonus shares.
2004	Launch of paint solutions for kids.
2010	Expansion of production capacity at the Rohtak, Haryana, manufacturing plant.
2011	Formation of a second joint venture with PPG Industries.
2012	Acquisition of a majority stake in SCIB Chemicals S.A.E., Egypt.
2013	Completion of the acquisition of Sleek Group.
2014	Entry into agreements with Ess Ess by Asian Paints Ltd.
2015	Signing of a Memorandum of Understanding with the Government of Andhra Pradesh.
2017	Announcement of expansion plans in Gujarat and completion of the acquisition of Causeway Paints in Sri Lanka.
2018	Ranking of Asian Paints 9th among the top paint companies globally.
2019	Inclusion in Forbes List of World’s Best Regarded Companies.
2020	Approval of the Scheme of Amalgamation with Reno Chemicals Pharmaceuticals & Cosmetics Private Limited.
2021	Signing of a Memorandum of Understanding for manufacturing expansion in Vishakhapatnam.
2022	Acquired majority stake in Aapex Power and Industries Private Ltd. and Harind Chemicals & Pharmaceuticals Private Ltd.

Company Information
Name	Asian Paints Limited
Founded year	1st February, 1942
Founding chairman	Champaklal Choksey Chimanlal Choksi Suryakant Dani Arvind Vakil
Headquarters	Mumbai, India
Industry	Chemicals
Current chairman	Manish Choksi (Vice Chairman) Amit Syngle (CEO
Major subsidiaries	APCO SCIB Paints PPG Asian Paints Asian Paints PPG Taubmans Sleek Ess Kadisco Asian Paints Asian Paints Berger Asian Paints Causeway
Revenue	INR 34,875 crore (2023)
Geography served	Worldwide
NSE code	NSE: ASIANPAINT NSE NIFTY 50 Constituent
BSE code	BSE: 50082 BSE SENSEX Constituent

Timeline Of Asian Paints:

Year	Fact	Time Line
1942	Founded	Asian Paints
1945	Establishment	Asian Oil and Paint Company Pvt. Ltd
1965	Change of Name	Asian Paints (India) Pvt. Ltd.
1973	Conversion	Asian Paints Public Limited Company.
1985	Collaboration	With Nippon Paints
1990	Expansion	To Fiji, Tonga, Australia, and collaborations in Nepal and Sri Lanka
1991	Subsidiary & Merger	Pentasia Chemicals Ltd.
1993	Operation Expansion	Queensland, Australia
1993	Joint Venture	Mauritius
1996	Joint Venture	PPG Industries, USA
1999	Acquisition	Delmege Forsyth & Co (Paints) Ltd., Sri Lanka.
2000	Commencement of Operation	Oman
2002	Joint Venture	Bangladesh and the Pacific Islands
2002	Acquisition	Berger International, Singapore.
2003	Commercial Production	Rohtak plant
2012	Acquisition	SCIB Chemicals S.A.E. Egypt
2013	Acquisition	Sleek Group
2014	Agreement	With Ess Ess by Asian Paints Ltd.
2015	MoU	Andhra Pradesh Government
2020	Approval	Approval of the Scheme of Amalgamation with Reno Chemicals Pharmaceuticals & Cosmetics Private Limited.
2021	MoU	for manufacturing expansion in Vishakhapatnam
2022	Acquisition	Aapex Power and Industries Private Ltd

Inside Asian Paints:

Corporate Actions/ Main News:

Asian Paints reported consolidated net sales of Rs. 9,154 crores in Q1 FY'24, reflecting a growth of 6.7% compared to the previous period. In Q2 FY'24, both consolidated and standalone net sales remained flat, with figures of Rs. 8,452 crores and Rs.7,316 crores, respectively. Moving to Q3 FY'24, there was a positive trend with consolidated net sales reaching Rs.9,075 crores, up by 5.4%, while standalone net sales stood at Rs.7,883 crores, reflecting a 5.2% increase. Stay tuned for further insights and analysis on Asian Paints' performance in the evolving market.

Current Asian Paints Share Price NSE/BSE

COMPANY NAME	SECTOR	SHARE PRICE LINK
Asian Paints	Chemicals	Asian Paints Share Price

Achievements & Milestone:

Year

Achievements

2023

One among the top 2000 world’s largest public companies as of Forbes 2023

2022

Ranked as the '2nd Best Company to Work For' in the Manufacturing sector by Business Today in April 2022. Achieved the 'Golden Peacock Award for Excellence in Corporate Governance' for the third consecutive year in March 2022.

Acknowledged as one of the Top 30 Most Sustainable Companies in India for 2021-22 by Business World magazine in collaboration with Sustain Labs Paris in March 2022.

Year	Milestones
1942	Founded Asian Paints
1973	Asian Paints Public Limited Company.
1985	Collaboration with Nippon Paints
1991	Merger of Pentasia Chemicals Ltd.
1993	Expansion to Queensland, Australia
1996	Joint Venture with PPG Industries, USA
1999	Acquisition of Delmege Forsyth & Co (Paints) Ltd., Sri Lanka.
2002	Acquisition of Berger International, Singapore.
2012	Acquisition of SCIB Chemicals S.A.E. Egypt
2013	Acquisition of Sleek Group
2015	MoU with Andhra Pradesh Government
2018	9th among top paint companies
2019	In Forbes List of World’s Best Regarded Companies.
2022	Acquisition of Aapex Power and Industries Private Ltd

Conclusion

Asian Paints Ltd. serves as a remarkable example of entrepreneurial success and innovation in India. Since its humble inception in 1942, the company has grown into a global leader in the paints and coatings industry. Asian Paints not only upholds its reputation for exceptional products but also sets a standard for others. Each colour choice becomes a narrative, capturing moments, emotions, and aspirations. With a rich history, a vision for sustainable growth, and a commitment to quality, Asian Paints is not just a choice but a cherished partner in creating memories for homes and offices across India. Whether you're redecorating your home, safeguarding industrial assets, or seeking state-of-the-art kitchen and bath solutions, Asian Paints Ltd. remains the trusted name that has coloured the aspirations of generations.

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Frequently Asked Questions:

What is the history of Asian Paints Limited?

Asian Paints Limited was founded in 1942 by Champaklal H. Choksey, Chimanlal N. Choksi, Suryakant C. Dani, and Arvind R. Vakil. It started as a small paint company in Mumbai and has since grown into a global leader in the paints and coatings industry.

Where can you find the Asian Paints Share Price?

You can check the Asian Paints share price page on Enrich Money's stock analysis page.

Where can I find financial and technical information related to Asian Paints?

You can check for all financial, technical, shareholding patterns, corporate action, news , and also on Asian Paints Share Price information at Asian Paints Share Price page on Enrich Money's .

What is the market capitalization of Asian Paints?

Asian Paints Market Cap is 2.94 trillion INR.

What are Asian Paints’ 52 week high / low share price?

Asian Paints share price reached a 52-week high of Rs 3,582.90.

Asian Paints share price tumbled to a 52-week low of Rs 2,560.00.

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