9. Asian Paints Limited
Managing Director/CEO: Amit Syngle
2020 Coatings Sales: Approx. $2.58 billion for sales ended March 31, 2021
Founded in 1942, Asian Paints is now India’s leading paint company and ranked among the top decorative coatings companies in the world. Asian Paints produces a range of decorative and industrial coatings. In decorative coatings, the company operates in four segments: Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. In the industrial sector, the company operates through PPG Asian Paints Pvt. Ltd. (a 50:50 joint venture with PPG), which serves the Indian automotive coatings market. The company has another joint venture with PPG, Asian Paints PPG Pvt. Ltd., which serves the Indian protective coatings, powder coatings, floor coatings, and road markings market. The company and its subsidiaries have operations in 15 countries across the world with 26 paint manufacturing facilities. The company serves consumers in over 60 countries through Asian Paints, Apco Coatings, Asian Paints Berger, Causeway Paints, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints is also present in the home improvement and décor space in India through Sleek (Kitchens, Wardrobes) and Ess Ess (Bath Fittings & Sanitaryware).
Source: 2020-21 Annual Report, company website