Are you curious about the paint industry's top players in India? Look no further!
The paint industry in India has seen tremendous growth over the years, and there's no doubt that the country's top paint brands have played a significant role in this success. The domestic paint industry is worth Rs.50,000 crores. And 75% of the market is constituted by decorative paints.
From long-standing giants to emerging challengers, these companies have managed to establish themselves as key players in the Indian paint market. In this article, we'll dive into the top 10 paint companies in India.
- Asian Paints
- Berger Paints
- Kansai Nerolac Paints
- AkzoNobel India
- Indigo Paints
- Nippon Paints
- Shalimar Paints
- Dulux Paints
- Jenson & Nicholson Paints
- Sheenlac Paints
Top 10 Paint Brands In India
Total Sales of Top 10 Paint Brands In India (2022)
| Paint Brand | Total Sales |
|---|---|
| Asian Paints | INR 22,044 Cr |
| Berger Paints | INR 6,869 Cr |
| Kansai Nerolac Paints | INR 5,793 Cr |
| AkzoNobel India | INR 2,842 Cr |
| Indigo Paints | INR 723 Cr |
| Nippon Paints | INR 500 Cr |
| Shalimar Paints | INR 332 Cr |
| Dulux Paints | - |
| Jenson & Nicholson Paints | INR 350 Cr |
| Sheenlac Paints | INR 100 Cr |
Souvik Dey
Asian Paints
Year Founded: 1942
Revenue: $3.7 billion (2022)
Operating income: $530 million (2022)
It is India’s largest paint company and regarded as Asia’s third-largest company which was established in 1942. It was established by four friends Chimanlal Choksi, Champaklal Choksi, Suryakant Dani and Arvind Vakil. All four together started the company as a partnership firm that wished to make this company the world’s biggest paint company at that time. The company is headquartered in Mumbai, India.
Asian paints with a turnover of 193.50 billion is no 1 paint company in India. Asian paints manufacture varieties of paints for decoration and Industrial use. Aian paint is the holding company of Berger International. The company operates in 19 countries and it has started an academy named Asian paint colour academy which offers a training program for paint applicators.
One new thing about Asian paint is that it is trying to implement new concepts like Colour worlds, Home solutions, colour next and Kid’s world across the nation.
Berger Paints
Year Founded: 1923
Revenue: $1.1 billion (2022)
Operating income: $140 million (2022)
Net income: $100 million (2022)
As one of the top paint companies in India, Berger Paints India has made a significant mark in the industry. Headquartered in Kolkata, the company boasts an extensive network of 16 strategically located manufacturing plants (including subsidiaries) across India, as well as two in Nepal, one in Poland, and another in Russia.
Every quarter, it is one of the fastest-growing companies. Exterior Wall Coatings, Interior Wall Coatings, Berger Metal & Wood Paints, Undercoats, Express Painting, and Construction Chemicals are among the company's offerings.
Berger Paints India Limited is the country's second-largest paint firm, with a track record of being one of the country's fastest expanding. With over 3450 employees (excluding subsidiaries) and a nationwide distribution network of over 25,000 dealers. The company is ranked 2nd in India's top 10 paint companies by turnover.
Kansai Nerolac Paints
Year Founded: 1920
Revenue: $660 million (2020)
Operating income: $86 million (2020)
Net income: $64 million (2020)
Kansai Nerolac Paint Ltd began operations in 1920. Mumbai, Maharashtra, is the company's headquarters. Decorative paints, coatings, industrial (re)finishing products, basic and industrial chemicals, and other items are among the company's offerings. It creates and distributes paint systems for the cycle, material handling, bus bodies, electrical components, containers, and furniture sectors' finishing lines.
SRK was named Nerolac's brand ambassador. In 1986, GNPL inked a TAA in Osaka with Kansai Paints Co. Ltd. of Japan for the production of Cathodic Electrodeposition Primer and other advanced coatings for automotive products. GNPL was the first company in India to implement this technology.
AkzoNobel India
Year Founded: 1994
Revenue: €10.846 billion (2022)
Operating income: €708 million (2022)
Net income: €378 million (2022)
AkzoNobel, a renowned paint and coatings firm, has been operating in India for almost 60 years. As one of the top paint companies in the country, the corporation has established a significant presence across India, with offices and depots strategically located in five different locations
Through a scheme of arrangement under section 425 of the UK Companies Act 1985, AkzoNobel NV bought Imperial Chemical Industries Ltd., the holding company of ICI India Limited. The company's name was changed to AkzoNobel India Limited, which it is now.
In 2012, three additional AkzoNobel Group firms operating in India were united under the AkzoNobel India Limited umbrella, making it India's sole integrated Paints and Coatings company with a modest Chemicals portfolio.
Indigo Paints
Year Founded: 2000
Revenue: $75 million (2019)
Indigo Paints had a humble beginning when it was founded in the year 2000. It began by producing low-cost Cement paints and gradually expanded its product line to include most types of water-based paints, such as Exterior Emulsions, Interior Emulsions, Distempers, Primers, and so on.
Indigo Paints first opened its doors in March of 2000. It is one of India's top ten paint companies. Pune is the company's headquarters. Interior emulsions, exterior emulsions, enamels, putties, primers, and other products are available from the major paint firm.
Today, the company is regarded as one of the most formidable competitors in the Indian paint market, with a reputation for being an inventive paint maker that continues to introduce novel products not before available in the country.
Nippon Paints
Year Founded: 1881
Revenue: Increase ¥1.30 trillion (2022)
Operating income: Increase ¥111.9 billion (2022)
Net income: Increase ¥79.4 billion (2022)
Nippon Paint India Pvt Ltd is a paint and product manufacturer based in India. It is the world's seventh-largest paint maker and a top paint company. Jujiro Moteki and Komyosha formed the company in the year 1881.
The firm makes high-quality paints and coatings for the automotive, industrial, and ornamental industries. Marine coatings, automotive coatings, industrial coatings, and fine chemicals are among the company's environmentally friendly goods.
Nippon Paint was Japan's first paint manufacturing company, founded in 1881 by brothers Haruta and Jujiro Moteki as 'Komyosha'. Osaka is the company's headquarters.
Shalimar Paints
Year Founded: 1902
Revenue: US$46 million
With over a century of experience in the paint industry, Shalimar Paints Ltd has established itself as one of the top paint companies in India. Founded in 1902 by AC Turner and AC Wright, the company's headquarters are located in Gurgaon, Haryana. Shalimar Paints specializes in manufacturing and distributing an exceptional range of industrial coatings and decorative paints, catering to a wide range of customers across India.
With its commitment to innovation and quality, the company has managed to remain a trusted name in the industry, offering customers the best of both worlds: top-notch products and exceptional service.
Shalimar Paints Ltd is responsible for the painting of many of India's landmark structures like Rashtrapathi Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake Stadium, etc.
In 1992, the company opened its second manufacturing site in Nashik, Maharashtra, to serve the Western region as it expanded its influence across India. In 2002, Shalimar Paints opened its third manufacturing plant in Sikandrabad, Uttar Pradesh.
Dulux Paints
Year Founded: 1931
Dulux paints are a pioneer in the paint industry, having been in operation for almost a century. AkzoNobel Group purchased the company. The company's headquarters are in Gurgaon, Haryana. In India, the corporation operates 75 warehouses.
Dulux is a widely distributed brand in the company’s Decorative coatings sector. It is regarded as one of India's leading paint manufacturers.
Jenson & Nicholson Paints
Year Founded: 1922
J&N Paints was founded in India in the year 1922. It was founded in 1821 in London by John Jenson and Wilfred Nicholson. Its headquarters are in Gurgaon, Haryana, and it is India's second oldest paint firm. The firm specialises in architectural, industrial, and protective materials. JNIL is the first Indian firm to join the exclusive Nova Paint Club, ensuring that it has access to cutting-edge technology and cutting-edge manufacturing facilities.
In 1955, the business was the first in India to introduce plastic emulsion paints, and in 1986, powder coating technology. Exterior, Interior, Metal, Wood, Undercoats, Industrial, and Designer finishes are all available from the company.
Sheenlac Paints
Year Founded: 1962
Mr John Peter invented Sheenlac Paints in the year 1962. Sheenlac Paints is based in the Indian city of Chennai. The company is one of India's top ten paint manufacturers. For the first time, the company is credited with producing non-alcoholic wood polish and packaging thinners in recyclable PET (Polyethylene Terephthalate) bottles. Automotive paints, wood treatments, and decorative paints are all popular at Sheenlac Paints.
Conclusion
The Indian paint market has seen significant growth in recent years, with numerous top paint companies competing for market share. From long-established giants to emerging challengers, these companies have consistently strived to provide customers with high-quality products and innovative solutions. With their extensive product ranges, strong distribution networks, and commitment to customer satisfaction, the top paint companies in India continue to set the benchmark for the industry.
Whether it's for residential or commercial purposes, these companies offer a wide range of paint solutions that cater to every need, making them the go-to destinations for customers seeking top-notch quality and exceptional service.
FAQs
Which is the top paint company in India?
Based on sales, Asian paints is the No.1 paint company in India. The company has a total sales of Rs.20,468 Cr with a market share of 40%.
Which are the top paint brands in India?
The top 10 Paint Brands in India are:
- Asian Paints
- Berger Paints
- Kansai Nerloc Paints
- Akzo Nobel India
- Indigo Paints
- Nippon Paints
- Shalimar Paints
- Dulux Paints
- Jenson & Nicholson Paints
- Sheenlac Paints
What are the types of paint finishes?
The paint finish types are:
- High-gloss
- Semi-gloss
- Satin
- Eggshell
- Matte paint
- Textured finish
Which is the oldest paint company in India?
Shalimar Paints Ltd is the oldest paint company in India which was established in 1902.
Which paint brand in India has highest revenue?
Asian Paints is the leading paint brand in India with $4.18 B revenue in 2022.
Which paint company has the highest market share in India?
Top paint companies that have the highest market share in India are:
- Asian Paints
- Berger Paints
- Kansai Nerolac Paints
- AkzoNobel India
- Indigo Paints
