Top Paint Company in India(2022)

In India, Paint company had performed for more than 100 years and making customer satisfaction and strong customer base.

The paints industry is primarily split into two segments

• Decorative Paints & Coatings and
• Industrial Paints & Coatings.

Decorative paints constitute almost 3/4th of the market share, while the rest 1/4th lies with industrial paints. Decorative paints and coatings consist of multiple products like exterior & interior wall
paints, emulsions, enamels, primer & thinner, distemper, wood coatings,water-proofing, and many more.

On the other hand, industrial paints and coatings consist of automotive paints, protective coatings, marine coatings, powder coatings, GI paints, and others.

The Indian paint industry has witnessed a continuous change in consumer preferences, from the traditional whitewash to high-quality paint categories like emulsions and enamels.

This premiumization trend is expected to continue and provide stability & growth to the Indian paint industry. Between the organized and unorganized incumbents, the former holds a majority of the 2/3rd share in the Indian paint industry, while the rest lies with unorganized players.

8. SHALIMAR PAINTS LTD

• Founded: 1902
• Headquarter: Gurugram, Haryana
• Industry: Paint
• Symbol: SHALPAINTS 
• Paint company brands: Shalimar
• Website: www.shalimarpaints.com

Shalimar Paints company profile:

Shalimar Paints was started its career as a paint company in India. Shalimar set up a large-scale manufacturing plant in Howrah, the first such plant in entire South-East Asia.

Shalimar Paint has high-end technology in the industrial coatings segment, Shalimar Paints pioneered aviation coatings, marine paints, and the painting of thermal power plants.

Shalimar Paint financial analysis:

• Revenue from operation: 325.56 crores
• Profit before tax: (23.78) crores
• Profit of the year FY21: (49.86) crores

7. Indigo Paints Ltd

• Founded: 2000
• Headquarter: Pune
• Industry: Paint
• Symbol: INDIGOPNTS 
• Paint company brands: Indigo
• website: indigopaints.com

Indigo Paints Ltd company profile:

Indigo Paints is the fastest-growing paint company in India. Indigo product offering encompasses emulsions, enamels, wood coatings, distempers, primers, putties, and cement paints.

Indigo has introduced differentiated products to create a distinct market in the paint industry, established
strong brand equity for primary consumer brand of ‘Indigo’, created an extensive distribution network across 27 States and 7 Union Territories, and installed state-of-the-art tinting machines across its
dealer network.

Indigo Paints manufacturing plant

• The manufacturing infrastructure of the Indigo comprises three advanced and highly equipped facilities situated at
  • Jodhpur (Rajasthan),
  • Kochi (Kerala), and
  • Pudukkottai (Tamil Nadu).

Indigo Paints Financial Information:

• Revenue from operation: 72,332.47 lakhs
• Profit before tax: 12,251.61 lakhs
• Profit of the company FY21: 7,085.01 lakhs

The key ratio of Indigo Paints

• ROCE (%): 17.36%
• RoNW: 12.57%
• Debt Equity Ratio: 0.00%
• Debtors Turnover: 5.97
• Inventory Turnover: 3.98
• Interest Coverage Ratio: 26.68
• Current Ratio: 2.37

6. Sirca Paints India Limited

• Founded: 2006
• Headquarter:
• Industry: paints
• Symbol: SIRCA
• paint company brands: Sirca
• website: www.sircapaints.com

Sirca Paints India company profile:

Sirca Paint is top leading paint company in India. journey of sirca was started in 2006 in the formation of Sircolor Wood Coatings Private Limited then the name was changed into Sirca Paint India ltd.

They had started with a fairly simple business model of importing PU products from Italy and Korea, repacking it, and then selling it through our dealer network has soared higher ever since then.

Today, Sirca takes pride in being one of the leaders in northern India for wood coatings. Alongside, the company has sustainably expanded its network to southern and western India as well.

Sirca Paints India financial position:

• Revenue from operation: 14318.36 lakhs
• Profit before tax: 2632.77 lakhs
• Profit of the year FY21: 1665.30 Lakhs

The key ratio of Sirca

• Debtors Turnover 3.23
• Inventory Turnover 1.45
• Interest Coverage Ratio 174
• Current Ratio 3.96
• Debt to Equity Ratio 0
• Operating Profit Margin (%) 15.2%
• Net Profit Margin (%) 10.6%

5. Akzo Nobel India Limited

• Founded: 2010
• Headquarter: Amsterdam, Netherlands
• Corporate office in India: Gurugram
• Industry: Paint
• Symbol: AKZOINDIA
• Paint company brands: Dulex

Akzo Nobel India company profile:

Akzo Noble India is a famous paint company in India and overall 150 countries worldwide. To know more about the Akzo Noble we need to go back to 1911 to see how they started in India. In the beginning stage, a combination of 4 companies opens an office to sell alkalis and dyes.

There is a modification in the name of the company then finally became Akzo Nobel India Limited in 2010. In the upcoming demand of a sparked new demand with new exciting propositions, across
both paints and coatings businesses.

Akzo product features and launched innovations across categories – premium interior emulsions,
economy segments, waterproofing, exterior and specialist paints.

Akon had made for the product features and launched innovations across categories – premium interior emulsions, economy segments, waterproofing, exterior and specialist paints.

Akzo Noble India Products:

Akon had performed their operation into 3 categories are Home, Institutions, and Industries. Each category are they have customized their product based on surface, Finishing

• In home category:
  • Ambiance, Promise, Superclean based on this product are classified into 56 sub products based on the customer based.
• In Institutions category:
  • Weathershield, Solitaire based on this product are classified into 19 sub products
• In Industrial category: are splited into 4 types are
  • For Automotive & Specialty Coatings, Industrial Coatings, Powder Coatings, Marine and productive coating based on the industrial use the brand are selected.
• Sikkens Autocoat BT, Lesonal, Wanda, Duco barnds are used.

Akzo Noble India ltd Manufacturing plants:

Akon has 5 manufacturing plants, they have started their first plants in the year 1997 Thane and another follow-up, they are

• Mohali
• Gwalior
• Thane
• Bangalore
• Hyderabad

Akon had RD&I Lab was started in Thane in 1976.

Akzo Noble India Subsidiaries:

• ICI India Research & Technology Centre is not for profit company engaged in scientific research.

• Holding companies are
  • Imperial Chemical Industries Limited, England
  • Akzo Nobel Coatings International B.V., The Netherlands

Akon Noble India Financial analysis:

• Revenue from Operations: 24,214 Million
• Profit before tax: 2,782 Million
• Profit of the year FY21: 2,076 Million

Key ratio of Akzo Noble India

• Debtors Turnover: 5.9
• Inventory Turnover: 2.7
• Interest Coverage: 33.2
• Current ratio: 1.6
• Operating Profit Margin (%): 14
• Net Profit Margin (%): 9
• Return on Investment (%): 15

4. KANSAI NEROLAC PAINTS LTD.

• Founded: 1920
• Headquarter: Mumbai
• Parent organization: Kansai Paints Co. Ltd,
• Industry: Paint
• Symbol: KANSAINER 
• Paint company brands: Nerolac

Kansai Nerolac Paints company profile:

Kansai Nerolac Paints Limited is formally known as KNPL. It is one of India’s leading players in the Paint industry, catering to the evolving need for newer Coating solutions of customers.

KNPL is a subsidiary of Kansai Paints Co. Ltd, Japan, and Nerolac paint is the leading paint company in India.

Nerolac has been the first Company in India to have launched an anti-viral paint, Excel Virus Guard with anti-viral properties. In yet another ground-breaking innovation, it launched Nerolac Excel Multi-Surface Protection Sheets made with Japanese Shiqui Technology.

Kansai Nerolac Paints Ltd Factory:

• Jainpur-Uttar Pradesh
• Bawal-Haryana
• Hosur-Tamil Nadu
• Lote-Maharashtra
• Sayakha-Gujarat
• Goindwal-Punjab

• Andhra Pradesh plant are upcomping

Kansai Nerolac Paints subsidiaries:

Kansai Nerolac Paints Limited (KNPL), had six subsidiaries (3 Domestic and 3 International) are

• KNP Japan Private Limited
• Kansai Paints Lanka (Private) Limited
• Marpol Private Limited
• Kansai Nerolac Paints (Bangladesh) Limited
• Perma Constructions Aids Private Limited
• Nerofix Private Limited

KNPL financial analysis:

• Revenue from Operations: 4690 crores
• Profit Before Tax (PBT): 714.51 crores
• Profit of the year FY21: 530.99 crores

The Key Ratio of KNPL

• Debtors Turnover (No. of Days): 45
• Inventory Turnover (No. of Days): 114
• Interest Coverage Ratio: 93
• Current Ratio: 3.0
• Debt Equity Ratio: 0
• Operating Profit Margin (%): 14.6%
• Net Profit Margin (%): 11.3%
• Return on Net Worth (%): 13.0%

3. Berger Paints India ltd

• Founded: 1983
• Headquarter: Kolkata
• Industry: Paint
• Symbol: BERGEPAINT
• Paint company brands: Berger Paint

Berger Paint India ltd company profile:

Berger paints India ltd is an old paint company in India. to know a brief understanding of the Berger paints we need to travel back to 1947 when the company is named Hadfield’s (India) Limited, it had just one factory in Howrah, West Bengal. By the close of 1947, Hadfield’s was acquired by British Paints (Holdings) Limited, UK and came to be known as British Paints (India) Limited. In 1983, the name of the Company was changed to Berger Paints India Limited.

Berger Paints products

For WEATHER COAT products are variants into LONGLIFE 10, LONGLIFE 7, ANTI DUSTT, CHAMP, FLOOR PROTECTOR, TILE PROTEKTOR

SILK BREATHE EASY, SILK HI-GLOW, EASY CLEAN, EASY CLEAN FRESH, LUXOL 7 IN 1, LUXOL XTRA, WALMASTA LITE, POLYESTER, AMAZE, MELAMINE 24 CARAT. IMPERIA, RAINBOW

Berger Paint India Subsidiaries

Berger paint has 5 wholly-owned subsidiaries as of the date of this report:

• Beepee Coatings Private Limited(“Beepee Coatings”) in Gujarat;
• Berger Paints (Cyprus) Limited (“Berger Cyprus”) in Cyprus;
• Lusako Trading Limited (“Lusako Trading”) in Cyprus;
• Berger Jenson & Nicholson (Nepal) Private Limited in Nepal (“BJN”) and
• SBL Specialty Coatings Private Limited (“SCPL”) in Chandigarh.

Berger paint india financial position:

• Revenue from Operations: 1239.47 crores
• Profit before tax: 978.62 crores
• Profit of the year FY21: 719.72 crores

Key ratio of berger paints

Debtors Turnover 8.62
Inventory Turnover: 2.58
Interest Coverage Ratio 29.10
Current Ratio 1.69
Debt Equity Ratio₹: 0.05
Operating Profit Margin %: 19.14
Net Profit Margin: 11.31
Return on Net Worth (RONW): 23.06

2. Asian Paints Limited

• Founded: 1942
• Headquarter:
• Industry: Paints
• Symbol: ASIANPAINT
• Paint company brands: Asian paints

Asian Paints company profile:

Asian Paint is the most popular brand since 1967 and a strong consumer-based paint company in India. Asian Paints operates in 15 countries and has 26 paint manufacturing facilities in the world servicing consumers in over 60 countries.

Asian Paints is present in all the four segments v.i.z Interior Wall Finishes, Exterior Wall Finishes, Enamels, and Wood Finishes.  It also offers Waterproofing,  wall coverings, and adhesives in its product portfolio.

Asian Paint Subsidaries

• Asian Paints Berger,
• Apco Coatings,
• SCIB Paints,
• Taubmans,
• Asian Paints Causeway  and
• Kadisco Asian Paints.

Asian Paint financial position:

• Revenue from operation: 18,516.9 Crores
• Profit before tax: 4,090.4 Crores
• Profit of the year FY21: 3,052.5 crores

The key ratio Asian paint

• Debtors turnover ratio: 9.9
• Inventory turnover ratio: 3.4
• Interest coverage ratio: 47.7
• Current ratio: 2.0
• Debt equity ratio: 0.028
• Operating margin ratio (%): 23.8
• Net profit margin (%) 14.8
• Return on networth (%)(RONW): 27.4

1. Nippon Paint India pvt ltd

• Founded: 1981
• Headquarter: Osaka, Japan
• Corporate office in India: Chennai
• Industry: Paint
• Paint company brands: Nippon

Nippon Paint India company profile:

Nippon Paint was founded by brothers Haruta and Jujiro Moteki as ‘Komyosha’ in Japan in 1881 and was Japan’s first Paint Manufacturing Company.

Nippon Paint is ranked Asia’s No. 1 paint company, and growing in popularity in the rest of the world. Nippon paint holdings ltd is a strategic shareholder in NIPSEA Group

NIPSEA Group is a global leader, providing innovative solutions in the paint and coatings industry. Headquartered in Singapore, with more than 107 NIPSEA companies spread throughout 22 geographical locations, the group is Asia Pacific’s No. 1 paint and coatings manufacturer in both production and sales revenue.

Nippon Paint produces high-quality paints and coats for automotive, industrial, and decorative sectors. Over the years, Nippon Paint has perfected its products utilizing breakthrough paint technology.

Nippon India manufacturing plants are:

• INDUSTRIAL USE: Maharastra
• GLOBAL COLOUR CENTER: Gurugram, Haryana
• AUTOMOTIVE REFINISH: New Delhi

For 9 months Nippon Paint has a profit of 50,679 million yen