The Indian economy has been seeing a boom in the construction industry. The building construction sector specifically has been seeing a lot of demand.
This has made the allied industries grow too, such as paints. India is a market for not only Indian paint brands but for other companies around the world.
A brief description of the Best Paint Company In India is given below.
Here Are The best paint company in india (2022)
Want to jump straight to my top picks? My favorite is Akzo Nobel Paints ( Dulux) and Asian Paints.
1. Akzo Nobel Paints ( Dulux)
Akzo Nobel Paints best quality paint in India is a paint company based in Amsterdam,
Netherlands. The company was founded in 1994.
It is known for its innovative products in the Industry.
The company provides products such as Basic and industrial coatings, chemicals, decorative paints, and industrial (re)finishing products.
- The sales turnover stands at 3148 crores for FY 2022.
- The Return on Equity stAkzoands at 22.3 per cent.
- The company's debt to equity stands at 0.93. This company's inception happened in 1939.
- This company has its presence in 150 countries.
- The company has multiple branches in India.
- The promoter holdings for the company stand at 74.76%.
- It employs more than 32,000 people under it.
- The parts of the company have 17-century roots. This is because there have been multiple investments and disinvestments.
- This company has various brand names across the globe. This includes Flexa, Flora, Dulux, Alabastine, Bruguer, Tintas Coral, Hammerite, Lesonal, Levis, Glidden, International, Interpon, Casco, Nordsjö, Sadolin, Cuprinol, Taubmans, Flood, Herbol, Sico, Sikkens, Vivexrom, Marshall, and Pinotex among others.
2. Asian Paints
This is a company based in India. It is headquartered in Mumbai. This multinational corporation was founded in 1942.
This company began as a partnership firm with four friends. This company has a strong Innovative force and consumer satisfaction focus.
Asian paints are double the size of any paint company in India.
This company went into an agreement to acquire 51 per cent with a company called Weatherseal Fenestration.
The company mostly focuses on interior decoration/furnishing, including manufacturing uPVC windows and door systems.
They are manufacturers and distributors of coatings, products related to home décor, bath fittings and providing related services.
- This company has ten branches in India.
- They also have a presence in 15 countries such as Nepal, Srilanka, Ethiopia, Samoa Islands, Fiji, Solomon Islands etc.
- The company has an ROE of 27.66 crores.
- Asian Paints has a sales growth of 21.1 per cent YoY to Rs 8,053.80 crore from Rs 6,651.40 crore.
- Total sales stand at 25,000 crores.
- The company has a debt-equity ratio of 0.082 per cent.
- Asian paints are also in kitchen decor.
- Five years ago, acquired the Sleek group. They now have diversified into wire baskets, cabinets, appliances, accessories etc.
3. British Paints
This company, despite its name, has its origins in India. It is known for its decorative paints like enamel, texture, and waterproofing solutions.
This company has been around since 1947. The company was a startup by Briton named Mr Hadfield. The British paints were first named after him.
- The company has a Return on Equity of 22.8 per cent.
- The company has a sales turnover of Rs. 7790.43 crores.
- The company has a debt-equity ratio of 0.22. They have approximately 24 branches across the country.
- They have offices in Agra, Anantapur, Cochin, Calicut, Faridabad, Ghaziabad, Gorakhpur, Guwahati, Haldwani etc.
- They are manufacturers and marketers of marine, industrial and architectural coatings.
- They had multiple acquisitions and mergers. Then they came to be known as Berger paints. They help hospitals, corporate and institutions with their painting requirements.
- They provide custom painting services too.
4. Berger Paints
luxury paint brands in India is Louis Berger founded this company in 1923. They are based in Kolkata, India, but they have a presence in countries such as Russia, Poland, Bangladesh and Nepal.
This company also has manufacturing factories in Russia, Poland and Nepal. They have a promoter sharing holding of 74.99 per cent.
- The Return on Equity stands at 23.53 per cent.
- The debt to equity ratio is 0.22 per cent.
- The Berger paints have Rs. 1927 crores as sales.
- The sales growth is expected to be 5 per cent year on year.
- Berger provides home painting, waterproofing and wood coating solutions.
- In 1760 the Berger company began its operations for dye pigment manufacturing in England.
- The company's cofounder first focused on manufacturing the blue dye. Then the company manufactured home painting, waterproofing and wood coating solutions.
- This company was acquired. Bolix SA of Poland. They then began to expand the market into Eastern Europe, where they are sellers of External Insulation Finishing Systems (EIFS). This company owns operational units in Nepal.
5. Sheenlac paints
This company is considered one of the top five in India. It is headquartered in Chennai, Tamil Nadu. It deals with paints both for decorative and Industrial purposes.
Mr John Peter founded it in 1960. The company's name was coined by Krishan Moorthy of Jana the Paints.
The name means SHEEN – meaning lustre & LAC – meaning lacquer. They began their first manufacturing of thinners and wood polish in Ambattur.
They are one of the first paint manufacturers to use HDPE bottles for packaging. They also are pioneers in selling sanding sales to the Indian market.
In 2000 they got a tie-up with AkzoNobel coating, Italy. They also tie-up with the Korean company Noroo Coating of Korea for automotive manufacturing and creation.
- They have a presence in Southern states of India, such as Kerala, Andhra Pradesh, Telangana and Karnataka.
- They have offices and distribution in Sri Lanka.
- Their brand endorses include AR Rahman.
- Currently, they provide 3,000 colours to customers.
- The company has Return on Equity: of 3.43 % and a Debt/Equity Ratio: of 1.60.
- The company has Rs 340 crores as sales turn over.
- They have a growth of 3.55 per cent.
- The company has 23 branches with 15,000 dealers.
- They also have four warehouses across the nation.
6. Indigo paints
This company was founded by Jalan Hemant.
The company manufactures, sells and distributes products such as manufacturing, selling and distributing decorative paints, emulsions, enamels, wood coatings, distemper, primers, putties and cement paints.
This company has offices in Jodhpur, Pattukottai and Kochi.
Indigo Paints has a presence in 27 states and all Union territories of India. This company was founded in the year 2000. The company has a market share of 2 per cent.
The company operates factories with 101,903 kilolitres per annum (KLA) in three locations in India.
- The company has been able to increase profits through return on equity. The Return on equity stands at 13.8 per cent. The company has a debt-equity ratio of 0.47.
- Indigo paints have a sales of Rs. 196 crore and sales growth of 25.7 per cent year on year. Indigo paints promoter holding stands at 10.92.
- About 28 per cent of Indigo paints revenue is contributed by their differentiated products.
- The company, through IPO, raised 348 crore Rupees. After the IPO, the promoters only held 54 per cent of the shares.
- In the year 2021, this company became the 5 th largest player in the industry.
- It has raised investments from companies such as the Government of Singapore, Fidelity, Goldman Sachs, Nomura, HSBC, Pacific Horizon Investment Trust, SBI Mutual Fund, ICICI Prudential Mutual Fund and Axis Mutual Fund.
- The company boasts of being the first manufacturer of Tile Coat Emulsion, Dirtproof and Waterproof Exterior Laminate, Metallic Emulsion, Bright Ceiling Coat Emulsion, etc.
- They have been termed average performers in the market.
7. Kansai Nerolac Paints
This company manufactures and sells automotive and powder coating and paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.
The company is a subsidiary of Kansai, a Japanese company.
Kansai Nerolac is headquartered in Mumbai.
This company was founded in 1920 but was taken over by Japanese company Kansai in 1999.
- The Return on equity stands at 12.35 per cent.
- The debt-equity ratio is 2.58.
- The net sales were minus 2.7 per cent increase year on year.
- The sales of the company are Rs. 5948.9 crores.
- The promoter holding is currently 3.55.
- This company uses Bollywood actors such as Ranveer Singh and Shahrukh Khan to market its products.
- It has gained multiple accolades, including Golden Peacock Environment Management Award, 2005 and the Awards for Marketing Initiatives like Cannes 2007 Bronze for Press Ad.
- It has manufacturing factories in various parts of India, including Jaipur, Kanpur Dehat, Bawal, Lote, Chiplun, Hosur, Sayakha (Gujarat), Goindwal (Punjab) and Visakhapatnam (Andhra Pradesh).
- Currently, the company has 85 percent down in terms of profits in the country.
- They have a market share of over 40 per cent.
- They are the third-largest decorative paints manufacturer and seller.
8. Nippon Paints
This company has around 136 years in the Industry. This paint brands in India is based in Japan.
This company manufactures and sells paints which are eco-friendly and innovative. They are one of the top manufacturers in Asia.
They sell emulsions (for both interiors & exteriors), enamels and undercoats.
- The company has an ROE of 22.6 per cent.
- The debt-equity ratio stands at 0.01 per cent.
- The company's sales growth rate is 15 per cent.
- This company is the fourth-largest company in the world.
- The founder of the company is Jujiro Motegi.
- The company was founded in 1881, and it has been about 141 years since its inception. It is one of the largest paint manufacturers in Japan.
- This company holds a joint venture of 50/50 per cent in Bee chemical.
- Nippon paints have its presence in Bulgaria, Estonia, Italy, United States, Japan, Indonesia, Philippines, Thailand, Vietnam, India, Sri Lanka, Pakistan, United Kingdom, Germany, Greece, Norway, Malaysia, South Korea, China, Netherlands, Lithuania, Poland, Russia, Slovenia, Spain, Brazil, Australia, the United Arab Emirates, Bangladesh and Turkey and Singapore by acquiring companies there.
- It has about 130 stores in the United States.
- They have multiple branches all over India
9. Shalimar Paints
This company's inception dates back to 1902. They market and manufacture both decorative paints and industrial coatings.
Some old buildings in India, such as the Howrah Bridge, Rashtrapati Bhawan, Salt Lake Stadium, and All India Institute of Medical Sciences, still use these paints for maintenance.
The company 1989 is owned by the O.P. Jindal Group and the Hong-Kong based S.S. Jhunjhnuwala Group.
The Return on equity is - 17.7 per cent.
It has a debt-equity ratio of minus 0.2.
The company sales for 2021 were Rs 358 crore.
This company promoter holding is 39.9 per cent.
The company has very poor performance in the market.
They tend to be low market shareholders also.
This company requires more innovative products.
10. Snowchem Ltd
This company was founded in 1969. This company is part of Saurashtra Cement company Ltd.
Snowchem Ltd was founded by Asha Tejkumar Ruia and Gagan Darsh Ruia. This company has been one of the top choices for Indians in the last six decades.
- This company has a debt-to-equity ratio as Debt/Equity Ratio of 21.99.
- The Return on Equity stands at -174.36 %. They have 44 per cent of Promoters holdings.
- This company has over ten offices.
- They are located in the states of Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh, Odisha, Kerala, West Bengal and Hyderabad.
- The operating revenue stands at 1 to 100 crore.
- This company has had its presence in the European market since 1969.
- They have a 25 to 30 per cent share in the market.
- The company makes most water-based paints.
- This comes in the form of powder.
- They also manufacture acrylic emulsions and liquid paints.
- They have manufacturing facilities in Mumbai, Gotan, Sinnar, and Gummidipoondi.
- In 1999 they introduced products: a smooth exterior emulsion paint and Snowplast, Uni-gloss, a multi-surface paint system, and Trump, an acrylic finishing plaster for interiors.
Conclusion
In this article we talking about best paint company in India.
The Netherlands and Japanese companies dominate the Indian market for paint manufacturers, distribution, and sellers. This is a tough market for the Indian players.
The South Indian company called Sheenlac is one of the top-performing companies in India with a presence overseas. This is a highly competitive market for manufacturers.
As almost all competitors diversify their products, it is difficult for entrants too. More innovation and marketing are required by companies such as Shalimar paints.
Asian paints are the top company in India, with its paints preferred not only in the country but also all over Asia. They are the third largest manufacturer in Asia.
They have many diversified products and great zeal for innovation. The Indian market has a growing construction industry. So this makes paints a viable market.
Also, with higher GDP in the country, more spending means people may buy more consumer goods such as paints. The Indian manufacturers should make sure that they can thrive in the market.
They may lose customers otherwise. This market is growing slowly, but it may see more growth in the coming years. Looking away from traditional marketing to new methods such as social media marketing can be helpful.
Frequently Asked Question
Q1. Which is the No 1 paint in India?
Asian Paints stand as the No 1 paint manufacturer in India. They will have 2.9 billion dollars in the year 2021. It was founded by Champaklal Choksey,Suryakant Dani, Chimanlal Choksi, and Arvind Vakil.
This company also has had a higher sales turnover in the past few years.
Q2. Which brand is best in paint?
The Asian paint is the best brand. They are the third largest manufacturer in Asia as a whole. Over 24 years, they have grown in the market, which is quite strong.
They understand the needs of the customers. They also have a strong innovative force in the country. They have been market leaders since 1969.
Q3. Which wall best paints in India?
Dulux Velvet Touch Diamond Glo, this paint is highly durable. It is made of high-quality colour pigments and the finest ingredients. It gives this velvet touch.
It also has a diamond lustre and hence the name. This is quite expensive, but it has one of the top qualities any paint could have. The manufacturer is Akzo Nobel.
This company has its roots in the 17 century Netherlands. The company itself is a Netherlands company. It has a strong base in 150 countries around the world.
