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Paint Companies in India
The decorative paint market includes multiple categories and products of various qualities and colors depending on the nature of the surface like exterior wall paints, interior wall paints, wood finishes and enamels as well as ancillary products like primers, putties, etc.while the industrial paint categories consists of products like Automotive coatings, marine coatings, packaging coatings, powder coatings, protective coatings, and other general industrial coatings.

Top 10 Paint Companies in India


Can you even imagine living in a world without colors? Indeed no, the worth of colors is very high in the world and the country we are living in. In India, people believe that staying colorful depicts staying cheerful while keeping plain for instance wearing white clothes on an auspicious day is considered an ill omen.

Also, scientifically it is said that people who choose to remain colorful are happy souls over the rest. Hence, staying colorful is important and also today is the age of colors. Everyone wants to stay in a well-furnished and colored house with an extremely beautiful interior.

The paint industry in India is estimated to be an Rs 50,000 crores industry, with the decorative paint category constituting about 75% of the market while the industrial paint category constituting about 25% of the whole paint industry.

The decorative paint market includes multiple categories and products of various qualities and colors depending on the nature of the surface like exterior wall paints, interior wall paints, wood finishes and enamels as well as ancillary products like primers, putties, etc.while the industrial paint categories consists of products like Automotive coatings, marine coatings, packaging coatings, powder coatings, protective coatings, and other general industrial coatings.

List of some of the most famous paint companies in India are:

ASIAN PAINTS

Asian paints is one of the most familiar and famous paint companies in India. It is the largest paint company in India and the 3rd largest company in Asia. Founded in 1942, Asian paints turnover is approx. 193.50 billion and was set up as a partnership firm by four friends who were willing to take on the world’s biggest, most famous paint companies operating in India at that time.

Asian paints is one of the most famous paint brands in India and have emerged as a vast corporate giant in the country over the past quarter-century. The company has been the leader in the paint industry since 1967 and is number one in size. With the passing years, it has become double the size of any other paint company in the country. It even produces varieties of different decorative and industrial items and operates in 15 countries and has 26 paint manufacturing facilities in the world, servicing consumers in over 60 countries.

Various other information’s related to the country are:

  • Total Sales in rupees: Rs 20,468 Cr
  • Profit in rupees: 2,586 Cr
  • Market Cap in rupees:  166,728 Cr.
  • Given ROE: 23.98 %
  • Sales Growth in 3Yrs: 10.66 %
  • Expected Promoter holding: 52.79 %
  • Given debt to equity: 0.03
  • Price to book the value: 16.56

Berger Paints India Limited

Berger paints India limited is one of the fastest-growing paint companies in India and has acquired to hold the position of being the second-largest company in the paint industry in India. Starting out as Hadfield’s (India) Limited, it had just one factory in Howrah, West Bengal but with its constant efforts and hard work has turned out to be one of the highest stakeholders in the industry.

Berger paints India is headquartered in Kolkata, with its majority stakes held by the Dhingra brothers in Delhi. Berger paints has a workforce of 3450excluding subsidiaries and a countrywide distribution network of 25,000+ dealers. The company also operates internationally in 4 countries like Nepal, Bangladesh, Russia, and Poland, and also has 16 strategically located manufacturing units across India (including the subsidiaries), two setups in Nepal and one each in Poland and Russia, and about 162 stock points in total.

  • Total Sales in rupees: Rs 6,404 Cr
  • Profit in rupees: 615 Cr
  • Market Cap in rupees:  48,493Cr.
  • Given ROE: 21.00 %
  • Sales Growth in 3Yrs: 12.80 %
  • Expected Promoter holding: 75.00 %
  • Given debt to equity: 0.40
  • Price to book the value: 18.9

KANSAI NEROLAC PAINTS LTD.

Nerolac is even one of the most familiar names in the paint industry, which has over the years acquired the position of the second-largest coating company and a market leader in industrial coatings.

SRK endorses this brand which indeed has increased the brand value of the company. In 1986, GNPL signed a TAA with Kansai Paints Co. Ltd., of Japan in Osaka, for the manufacture of Cathodic Electrodeposition Primer and other sophisticated coatings for the automotive products, being the first company to launch this technology in India.

  •   Total Sales in rupees: Rs 5,504 Cr
  • Profit in rupees: 531 Cr
  • Market Cap in rupees:  28,264Cr.
  • Given ROE: 13.38%
  • Sales Growth in 3Yrs: 12.92 %
  • Expected Promoter holding: 74.99%
  • Given debt to equity: 0.05
  • Price to book the value: 7.89

AKZO NOBEL INDIA LIMITED

Akzo Nobel is a very famous and equally reputed paint and coating brand in the country, with 5 operating centers located in the country nationwide. It is active in the Indian market for over 60 years and has built up a very reputed name for itself.

The company is a cap bearer in producing the best of paints and enamel products. It has an allured a great number of customers by its quality production of goods and services.

  •   Total Sales in rupees: Rs 2,842 Cr
  • Profit in rupees: 237Cr
  • Market Cap in rupees:  8,766 Cr.
  • Given ROE: 15.97%
  • Sales Growth in 3Yrs: 3.40 %
  • Expected Promoter holding: 74.76%
  • Given debt to equity: 0.07
  • Price to book the value: 7.93

NIPPON PAINTS (INDIA) PRIVATE LIMITED

Nippon paints is a veteran in the paint industry with over 138 years of experience. It is the largest paint manufacturers in Asia, and amongst the top in the world.

With sales over some 500 crores it is one of the largest paint manufacturers in the country too. It is the most preferred paints in some categories and has a good business base in India.

SHALIMAR PAINTS LIMITED

Shalimar paints limited was set up back in the year 1902. Its first-ever large-scale manufacturing base was established in Howrah, West Bengal in 1902, followed by its second manufacturing base in Nashik, Maharashtra in 1992 to cover the western parts of the country, accompanied by a recent manufacturing base located in Sikandrabad, U.P in the year 2002.

Shalimar paints has also got its name because of the high quality of the products it manufactures. The quality of the products produced by this company is so great that a few of the most iconic structures in India like the Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake Stadium, continue to use Shalimar Paints.

  •   Total Sales in rupees: Rs 332 Cr
  • Profit in rupees: 68Cr
  • Market Cap in rupees:  419.74Cr.
  • Given ROE: -29.76%
  • Sales Growth in 3Yrs: -9.17 %
  • Expected Promoter holding: 53.10%
  • Given debt to equity: 0.45
  • Price to book the value: 1.40

DULUX PAINTS

When it comes to some of the most reputed paint brands in India, one can’t skip Dulux paints. The company has been in the paint business for over a century and owns like 75 warehouses around the country. Headquartered in Gurgaon, Haryana the company is now acquired by Akzo Nobel groups.

Dulux is a highly reputed name in the paint industry and is an active company not only in India but across the globe because of the great services it offers including mechanized dust-free sanding machines, masking floor & furniture, color consultancy, and trained applicators. The company additionally offers a 1-year warranty on its painting services.

SHEENLAC PAINTS

Sheenlac paints was founded in the year 1962, by Mr. John Peter and is manufactured by the United Thinner Agencies. Headquartered in Chennai, Sheenlac paints is the pioneer in producing the best quality auto finishing, thinner, wood polish products, wood finishing, and other decorative paints.

The company is very famous for producing the best quality auto finishing, thinner, wood polish products, wood finishing, and other decorative paints plus the company is also highly applauded and credited for making the first Non-Alcoholic Wood Polish as well as packaging thinners in recyclable PET (Polyethylene terephthalate) bottles for the first time. The company has its working sites located in many places like Vijayawada, Coimbatore, Bangalore, Hyderabad, Chennai and Kochi.

SNOWCEM PAINTS

Snowcem paints were established in 1959 and has a UK-based origin. The company basically focuses on producing eco-friendly paints and has a great range of water-based paints. The water-based liquid paints were manufactured in the year 1975, along with that the company also produces various other varieties of products and also ensures good quality, reasonable price, and protection to users.

With the great quality it offers on its products, the company is one of the top paint producers in India.

AGSAR PAINTS

Agsar paints is the leading paint manufacturers in South India and was named after the founders Alagappan Ganeshan Shanmugam Armugaswamy and Rajamanickam.

The company was established back in the year 1974 in Tuticorin and mainly produces decorative, industrial and ancillary paint items.

The company uses the best of technologies to manufacture its products and are designed for industrial, residential and commercial purposes. 


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