Asian Paints Share Price

About Asian Paints

Core Activities & Products

Board of Directors

• Mr. Deepak Satwalekar: Non-Executive Chairman / Independent Director
• Mr. Manish Choksi: Non-Executive Vice Chairman
• Mr. Amit Syngle: Managing Director & CEO
• Mr. Ashwin Dani: Non-Executive Director
• Mr. Malav Dani: Non-Executive Director
• Ms. Amrita Vakil: Non-Executive Director
• Mr. Jigish Choksi: Non-Executive Director
• Ms. Nehal Vakil: Non-Executive Director
• Ms. Vibha Paul Rishi: Independent Director
• Mr. R Seshasayee: Independent Director
• Mr. Suresh Narayanan: Independent Director
• Ms. Pallavi Shroff: Independent Director
• Mr. Milind Sarwate: Independent Director

Presence

Asia
1. Asian Paints (India, Bangladesh, Nepal and Indonesia)
2. Asian Paints Causeway (Sri Lanka)

Middle East:
1. Asian Paints Berger (the UAE, Bahrain, Oman and Qatar)

Africa:
1. SCIB Paints (Egypt)
2. Kadisco Asian Paints (Ethiopia)

South Pacific:
1. Apco Coatings (Fiji, Solomon Islands and Vanuatu)
2. Taubmans (Fiji and Samoa)

Registered Office

Strengths:

1. Undisputed leadership position in India with over 50% market share in the paints industry
2. A recognised regional (3rd in Asia) and global (9th in the world) giant
3. Wide domestic network with over 1.45 Lakh retail touchpoints
4. Global presence with brands operating in 16 countries and serving customers in 60 countries
5. Massive installed decorative paint production capacity of 1,730,000 Kilo Litres/annum
6. 26 global production facilities
7. Strong financials with ₹ 25,002.1 Cr in revenue and ₹ 3,134.7 Cr profit after tax
8. Low debts and liabilities
9. High brand recall and media presence
10. Experienced global workforce of 12,000+ employees and 200+ scientists

CSR and Sustainability

1. Education: An estimated 28,500 beneficiaries across 144 schools and educational centres through Asian Paints initiatives such as Gyan Shakti programme for primary school children, Naya Savera for school dropouts and those who were unable to get access to educational resources, Project Udaan to make dropouts become job-ready by teaching them basic IT and other life skills, TABLABS to introduce technology and innovation to early school goers.
2. Health and Hygiene: Over 1.6 Lakh lives are touched through the means of various programmes such as Static Clinics built around manufacturing plants to cater to not just the employees and their families but also the medical needs of rural areas around them. 6 Mobile Medical Units to provide discounted medical attention to those remote areas where people are unable to access medical resources easily. Safar is a pan-India programme from the Asian paints group aimed at improving health awareness and helping people better their physical and mental lifestyles. Project Drishyam is another vital initiative that is dedicated to catering to the eye and eyesight-related diseases across 8 villages. Apart from this, Asian Paints employees have volunteered to bring relief to the impacted people through natural disasters such as Cyclone Fani and the floods in Karnataka, Bihar and Assam.
3. Water: Approximately 64,530 people have benefited from pond restoration, phytoremediation, and dam restoration sponsored by Asian Paints and carried out with the active participation of its employees across Gujarat, Maharashtra and Karnataka.
4. Enhancing Vocational Skills: Close to 1.5 Lakh participants have attended the various vocational skills enhancement programmes and other employability improvement training programmes conducted by Asian Paints in association with various NGOs under the umbrella of the Colour Academy, over 50 of which are operational across India.

COVID-19 Impact

Future Prospects

1. Promoting its Safe Painting Service and Beautiful Homes Service for direct consumers. The presence has already enhanced to 11 cities with plans to add up to another dozen cities in the coming 2 years.
2. Hygiene and Health have also become a profitable business for the group with the company manufacturing sanitisers and surface disinfectants.
3. Apart from just painting, Asian Paints is aggressively marketing its home decor, renovation and makeover services and sees it as a lucrative potential market to tap into.
4. Its recent acquisitions will help its foray into spaces such as furnishings, lightings, door security systems, etc.
5. With lessons learnt from the slowdown and social restrictions that were imposed in the recent 2 years, Asian Paints is also focussing on establishing a leaner yet more efficient supply chain. Since the logistics function directly feeds into their India and overseas business, its smooth operations are vital for future business revenues.
6. Finally, the company has seen encouraging signs to flex its muscle in the international markets. The annual report for the recently conclude FY also hinted at enhanced operations in existing countries with expansion plans to include newer geographies to supplement the revenue from the Indian market.

Did You Know!

1. The company was incorporated as Asian Oil and Paint Company Pvt. Ltd., but the name was changed to Asian Paints (India) Pvt. Ltd. in 1965.
2. Asian Paints employs over 200 scientists to help the company keep innovating in the areas of paints, chemicals, adhesives, and lacquers.
3. In 2021 alone, the company received 17 patent grants while launching 29 new products.
4. It is a highly environmentally conscious company with a 61.1% share of renewable energy in its annual energy consumption across offices and manufacturing facilities.
5. Its in-house water replenishment level stood at an outstanding 282%.
6. It also reported 3,647 tonnes of recycled plastic packaging content for the year 2021-2022.

Initial Public Offering

Equity Shares