The company was started in garage in Gaiwadi, Girgaum Mumbai by four friends Champaklal Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vakil in February 1945.
2. CONTENT
⮚ Overview
⮚ History
⮚ Vision
⮚ Subsidiary company
⮚ Current scenario
⮚ Companies welfare programs
⮚ Future plane
3. OVERVIEW
⮚ Asian Paints Limited is an Indian multinational paint
company established in 1942.
⮚ It’s a public limited company.
⮚ Its headquartered is in Mumbai, Maharashtra.
⮚ The Company is engaged in the business of
manufacturing, selling and distribution of paints,
coatings, products related to home decor, bath fittings
and providing of related services.
⮚ It is India’s leading and Asia’s third largest paint
company.
4. HISTORY
⮚ The company was started in garage in Gaiwadi,
Girgaum Mumbai by four friends Champaklal Choksey,
Chimanlal Choksi, Suryakant Dani and Arvind Vakil in
February 1945.
⮚ During Word War II and the Quit India Movement of
1942, a temporary ban on paint imports left only foreign
companies and Shalimar Paints in the market. Asian
Paints took up the market and reported annual turn
over of ₹ 23 crore in 1952 but with only 2% PBT margin.
⮚ By 1967 it became the leading paints manufacturer in
the country.
5. VISION OF THE COMPANY
Clear Goals for a Clear Future
“To be the fore runner of inspiring decor
and to actively empower customers to
create their dream homes”
6. SUBSIDIARY COMPANIES
company that is owned or controlled by
another company, which is called the parent company or
holding company.
⮚ PPG Asian Paints Pvt Ltd.
⮚ PT Asian Paints Indonesia.
⮚ Sleek International Pvt Ltd.
⮚ Maxbhumi developer Ltd.
⮚ SCIB Chemical S.A.E.
⮚ Asian Paints (Nepal) Pvt. Ltd.
7. CURRENT SCENARIO
⮚ Presently Asian Paints is India's largest and Asia's
third largest paints corporation.
⮚ Number of employees currently working are
approx. 6067
⮚ Net income is about ₹1,779 crore per year.
⮚ It has total assets of about ₹6,205 crore .
⮚ Bollywood actor Ranbir Kapoor is the brand
ambassador of Asian Paints
9. FUTURE PLANS
⮚ Asian Paints is planning an international network of
technology centers spread across Australia, Egypt,
Dubai and Singapore.
⮚ The Paint project will use the latest technology in
production, packing, conveying and storage in
ecofriendly manner with zero discharge of effluents.
⮚ Company aim is to become number one paint
production company.