07.01.14
13 Asian Paints Limited
Mumbai, India
www.asianpaints.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1942
REVENUE: $2.08 billion s (2012: $1.99 billion)
MARKETS SERVED
• Architectural coatings • Industrial coatings • Automotive coatings
KEY EXECUTIVES
K.B.S. Anand, MD and CEO; Amit Syngle, president architectural coatings, India; Jalaj Dani, president international operations; Jayesh Merchant, CFO and company secretary, president, industrial JVs India.
Asian Paints had sales of $2.08 billion for 2013. Architectural/decorative comprised 90 percent of sales and industrial and automotive comprised the rest. Asian Paints has 23 manufacturing facilities worldwide: 13 in Asia, 5 in the Middle East, 2 in the South Pacific and 3 in the Caribbean. Key brands in India include for exterior walls: Apex, Ace, Apex Ultima, Apex Ultima Protek and Apex Duracast; interior walls: Royale, Royale Aspira, Royale Play, Tractor, Premium Emulsion, Apcolite and Utsav; metal surface: Utsav, Premium Enamel and wood: PU, Touchwood and Polyester.
Asian Paints recently entered into a binding agreement with ESS ESS Bathroom Products Pvt Ltd and its promoters, to acquire its entire front end sales business including Brands, Network and Sales Infrastructure, subject to satisfaction of certain conditions precedents and applicable statutory approvals. ESS ESS Bathroom Products Pvt Ltd. is a prominent player in the bath and wash business segment in India and has high quality products in this segment.
Asian Paints signed an agreement with the shareholders of Kadisco Chemical Industry PLC, Ethiopia, to acquire directly or through its subsidiaries 51 percent of the equity share capital of Kadisco. This acquisition is subject to applicable regulatory and other approvals. Kadisco is engaged in the manufacturing and selling of paints, other coatings and adhesives in Ethiopia.
Mumbai, India
www.asianpaints.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1942
REVENUE: $2.08 billion s (2012: $1.99 billion)
MARKETS SERVED
• Architectural coatings • Industrial coatings • Automotive coatings
KEY EXECUTIVES
K.B.S. Anand, MD and CEO; Amit Syngle, president architectural coatings, India; Jalaj Dani, president international operations; Jayesh Merchant, CFO and company secretary, president, industrial JVs India.
Asian Paints had sales of $2.08 billion for 2013. Architectural/decorative comprised 90 percent of sales and industrial and automotive comprised the rest. Asian Paints has 23 manufacturing facilities worldwide: 13 in Asia, 5 in the Middle East, 2 in the South Pacific and 3 in the Caribbean. Key brands in India include for exterior walls: Apex, Ace, Apex Ultima, Apex Ultima Protek and Apex Duracast; interior walls: Royale, Royale Aspira, Royale Play, Tractor, Premium Emulsion, Apcolite and Utsav; metal surface: Utsav, Premium Enamel and wood: PU, Touchwood and Polyester.
Asian Paints recently entered into a binding agreement with ESS ESS Bathroom Products Pvt Ltd and its promoters, to acquire its entire front end sales business including Brands, Network and Sales Infrastructure, subject to satisfaction of certain conditions precedents and applicable statutory approvals. ESS ESS Bathroom Products Pvt Ltd. is a prominent player in the bath and wash business segment in India and has high quality products in this segment.
Asian Paints signed an agreement with the shareholders of Kadisco Chemical Industry PLC, Ethiopia, to acquire directly or through its subsidiaries 51 percent of the equity share capital of Kadisco. This acquisition is subject to applicable regulatory and other approvals. Kadisco is engaged in the manufacturing and selling of paints, other coatings and adhesives in Ethiopia.