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Akzo Nobel India Ltd

NSE: AKZOINDIA BSE: 500710

₹2928.20

(0.03%)

Mon, 25 May 2026, 09:48 am

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Company History

1953

  • Government of India, ICI Ltd. U.K., I.C.I. (India) Pvt. Ltd. signed Declaration of Intention to form company for explosives, fuses.

1954

  • Incorporated as public limited company in West Bengal; obtained commencement of business certificate August 19.

1955

  • Executed technical collaboration with ICI Ltd. U.K. for consultancy and technical information.

1959

  • ICI Ltd. U.K. held 2,400,000 shares; President of India held 600,000 shares.

1965

  • Issued 430,000 shares at Rs. 12 premium to directors, employees, public.
  • Issued 1,372,000 bonus shares 2:5.
  • Offered 1,373,000 shares to public.

1967

  • Issued 1,680,000 'A' series equity shares at par to ICI U.K., IFCW, President of India, members, public; pari passu from October 1, 1970.

1975

  • Received industrial licence for 1,000 tpa nitrocellulose.

1978

  • Received industrial licence; signed collaborations with ICI U.K., Benfield U.S.A., Toyo Japan.
  • Issued 7,160,667 bonus shares 1:3; 341,000 rights shares at Rs. 5 premium.
  • Commissioned 1,000 tpa nitrocellulose plant.

1979

  • Offered 500,000 redeemable partially convertible debentures of Rs. 500 each as rights 1:58.

1980

  • Received letter of intent for 100 tpa primary reforming catalyst at Panki with ICI PLC.
  • Received letters of intent for 100 tpa permethrin/cypermethrin and methyl chlorosilanes.

1982

  • Amalgamated ACCI, CAFI, CDC; issued 31,000 11% preference shares and 8,918,121 equity shares to their members.
  • Converted debentures to 2,968,824 equity shares at premium.

1983

  • Issued Rs. 1,500 lakhs 15% non-convertible debentures as rights.
  • Commissioned Panki boilers in April/May; commenced steam generation.

1984

  • Commissioned Panki turbo generator on July 16.
  • Commissioned Panki primary reformer catalyst in September.
  • Received letter of intent for 3 tpa quinapyramine salts.
  • Received licences for Rishra paint expansion and quinapyramine salts.
  • Changed name to IEL Ltd.

1985

  • Received modified letter of intent for new drugs and membrane cells.
  • Applied for 450 tpd ammonia-urea expansion at Panki.

1986

  • Converted letter of intent to licence for polyester staple expansion to 30,000 tpa.
  • Redeemed preference shares on July 31.

1987

  • Added Maxilite gloss, emulsion, masonry paints.
  • Set up Dulux colour centres.

1989

  • Introduced coil coating paint.
  • Approved foreign collaboration for Accinox ZC rubber chemical.
  • Applied for letter of intent for methyl methacrylate and polymers.
  • Approved lambdacyhalothrin production.
  • Approved FM-21 membrane cells and electrode coating.
  • Changed name to ICI India Ltd. effective May 25.

1990

  • Received MRTP approval for hybrid seeds for cereals and oilseeds.

1991

  • Commissioned Accinox Zc antiozonant plant at Rishra.
  • Received letter of intent for methane diphenyl di-isocyanate.

1992

  • Introduced Poweran series bulk products.
  • Launched new decorative and refinish paints.
  • Launched hybrid sunflower and maize seeds.
  • Entered MOU with Nalco U.S.A. for speciality chemicals JV.
  • Applied for letter of intent for 12,000 tpa speciality chemicals at Rishra.

1993

  • Introduced Dulux, Maxilite, Cobra decorative paint brands.
  • Introduced Tenoclor cardiovascular combination in 1994-95.

1995

  • Transferred agrochemicals to JV with Zeneca plc U.K.
  • Commissioned small diameter emulsion facility at Gomia.
  • Launched Weathershield and Duette brands.

1996

  • Formed Explosives Systems India Ltd. JV with Ensign Bickford Company USA.
  • Commissioned paints plant at Thane in December.

1997

  • Launched products: Lignocaine, Buprenorphine, Neostigmine, Maxigard, ICIDIL.
  • ICI plc U.K. held 20,776,213 equity shares.

1998

  • Planned JV with Herberts Germany for automotive paints in India and Asia Pacific.
  • Formed JV with GSFC to market acrylics products.
  • Acquired nitrocellulose business of Asha Nitrochem at Valsad Gujarat.
  • Planned paint plant commissioning at Chennai.
  • Agreed to sell 49% in Zeneca ICI Agrochemicals to Zeneca.
  • Agreed to sell 40% in Nalco Chemicals India to Nalco.
  • Commissioned 20 million litres p.a. automotive refinish and decorative paint facility at Mohali.

1999

  • Explosives Systems India Ltd. to introduce EXEL Handide detonators.
  • Agreed to transfer explosives business to Indian Explosives Ltd. JV with Orica (51% company, 49% Orica).

2000

  • Embarked on restructuring to focus on specialty products and paints.
  • Exited polyurethane business to Huntsman Corporation; formed 50:50 JV with Berger Paints for motor and industrial paints.

2002

  • Commissioned study to enter flavours and fragrances business.
  • Redesignated R L Jain as Wholetime Director and CEO Paints; M R Rajaram as Wholetime Director and CFO effective April 1.
  • Transferred pharmaceuticals business to Nicholas Piramal.
  • Suresh Chandra resigned as Director effective July 5.
  • Appointed Sudhir Krishna as Director.

2003

  • Ashok Ganguly retired as Chairman; Aditya Narayan resigned as MD; appointed Rajiv Jain as MD and CEO.
  • Reported 34% net profit growth to Rs. 107.7 crore.
  • Agreed to sell 51% stake in Indian Explosives Ltd. to Orica for Rs. 666.4 million.

2004

  • Sought shareholder approval to divest Nitrocellulose and Trading businesses.
  • Sudhir Krishna ceased as Government nominee Director effective January 21.
  • Introduced Supergloss 5-in-1 enamel paint.
  • Transferred Nitrocellulose and Trading business to Nitrex Chemicals India Pvt. Ltd.
  • Launched Dulux Weathershield Max and Tileshield paints in Kerala.

2006

  • Launched Dulux ColourFutures 2006 shade range.
  • Launched Inspira super premium paint in Kerala.

2007

  • Shifted registered office from Chowringhee Road to Middleton Street, Kolkata effective January 8.
  • Appointed Sandeep Batra as Whole-time Director effective April 1.

2008

  • Appointed A J Britt as Director effective May 12.

2009

  • Appointed Nihal Kaviratne as Additional Director effective March 30.
  • Appointed Amit Jain as Managing Director.

2010

  • Changed name from ICI (India) Ltd. to Akzo Nobel India Ltd.

2011

  • Installed new steam pipeline in joint project with Dutch waste processing company.
  • Let's Color film won TED award.
  • Completed acquisition of Schramm Holding AG.

2012

  • Completed acquisition of Chinese surfactants producer.
  • Ranked first in Chemicals supersector on Dow Jones Sustainability World Indexes.
  • Won European Responsible Care Award.
  • Launched India Analytical Centre at Bangalore.
  • Launched campaign for Velvet Touch Pearl Glo in India.
  • Launched Dulux Guardian anti-bacterial paint.

2013

  • Introduced Weathershield Next Gen exterior emulsion with Puma Technology.
  • Entered agreement with ACI Formulations Limited Bangladesh for distribution of decorative paints.
  • Greenfield plant at Gwalior commenced commercial production.
  • Recommended dividend of Rs. 20 per share plus special dividend of Rs. 60 per share.

2014

  • Dulux conferred 'Superbrand' title by Super Brand Council.
  • Appointed Jayakumar Krishnaswamy as Managing Director.
  • Recommended dividend of Rs. 15 per share.
  • Inaugurated new laboratory facility at Thane.

2017

  • Announced divestment of Specialty Chemicals Business.
  • Board recommended buy-back of shares.

2024

  • Commenced PC production at Gwalior.

2025

  • Informed exchange about letter of offer from Morgan Stanley India Company Private Limited for open offer to acquire equity shares.