Asian Paints
| Asian Paints | |
|---|---|
| legal form | Corporation |
| ISIN | INE021A01026 |
| founding | 1942 |
| Seat |
Mumbai , India
|
| Number of employees | 18,522 (2018) |
| sales | 2.7 billion US dollars (2018) |
| Branch | chemistry |
| Website | www.asianpaints.com |
Asian Paints is a multinational Indian company headquartered in Mumbai ( Maharashtra ). The company is engaged in the manufacture, sale and distribution of paints , coatings, products related to home furnishings, bathroom fittings and related services. Asian Paints is India's largest and Asia's third largest paint manufacturer. It had a 54.1% market share in the Indian paint industry in 2015. The company operated in 15 countries in 2020.
Asian Paints stock is listed on the Bombay Stock Exchange and the National Stock Exchange of India .
history
The company was founded in Mumbai in 1942 by four friends, Champaklal Choksey , Chimanlal Choksi , Suryakant Dani and Arvind Vakil . By 1967 it became the leading paint manufacturer in the country. The four families of the founders together held the majority shares in the company. However, disputes over global rights began in the 1990s when the company expanded beyond India. The disputes resulted in Choksey selling his 13.7% stake and leaving in 1997. After failed cooperation talks with the British company Imperial Chemical Industries , the shares of Choksey were jointly bought by the remaining three family trusts and the Unit Trust of India .
Individual evidence
- ↑ IBTimes: Asian Paints, Hindustan Unilever top innovative Indian firms on Forbes' list. August 25, 2016, accessed February 2, 2020 .
- ↑ Wayback Machine. November 12, 2016, accessed February 2, 2020 .
- ^ A b About Asian Paints - Residential & Commercial Painting Services. Retrieved February 2, 2020 .