Asian Paints Ltd
NSE: ASIANPAINT BSE: 500820
â‚ą2354.40
(0.91%)
Sat, 17 Oct 2026, 11:09 pm
Market Cap (in Cr)226456.99
PE Ratio47.39
Dividend1.18
Process Industries
Industrial Specialties
24.5KCompany History
1945
- Incorporated as Asian Oil and Paint Company Pvt. Ltd.
1965
- Changed name to Asian Paints (India) Pvt. Ltd.
1973
- Converted to public limited company.
1974
- Undertook major modernisation of paint and resin facilities.
- Bhandup plant became India's largest single paint factory.
1975
- Issued bonus equity shares 1:2.
1978
- Issued 100,000 bonus equity shares 2:3.
1980
- Issued 50,000 redeemable preference shares.
1982
- Public issue for listing and expansion finance.
1983
- Subdivided equity shares.
- Issued 10,00,000 bonus shares 2:5.
- Issued 16,85,185 equity shares at Rs 13 premium via public issue with reservations.
1985
- Set up third paint unit at Patancheru (15,000 MT).
- Obtained LOI for Uttar Pradesh paint and resins plant.
- Entered technical collaboration with Nippon Paints for powder/coil coatings.
- Issued 31,11,111 bonus equity shares 3:5.
1987
- Commissioned 1,200 tonnes synthetic rubber lattices plant.
- Promoted Pentasia Chemicals Ltd. with TIDCO; commissioned March.
- Received LOI for 9,000 tonnes phthalic anhydride.
- Issued 41,48,148 bonus equity shares 1:2.
1988
- Issued 900,000 14% NCDs on private placement.
1989
- Vested Apcotex division with Apcotex Lattices Ltd.; allotted 1 share per 13 held.
- Commissioned first phase of 16,000 tonnes project.
1990
- Commissioned phthalic anhydride plant in March; restarted August after fire.
- Established overseas subsidiaries/joint ventures in Fiji, Tonga, Nepal, Solomon Islands, Vanuatu.
1991
- Acquired shares from TIDCO making Pentasia Chemicals subsidiary.
- Pentasia Investments became subsidiary.
- Issued 500,000 17.5% NCDs to UTI.
1992
- Issued 74,66,666 bonus equity shares 3:5.
- Commissioned powder coatings facilities at Kasna.
1993
- Proposed Australia joint venture Asian Paints (Queensland) Pvt. Ltd.
1994
- Proposed capacity expansion to 50,000 tonnes at Ankleshwar, Patancheru, Kasna.
- Proposed amalgamation with Pentasia Chemicals Ltd.
1995
- Merged Pentasia Chemicals Ltd. effective October 1, 1994.
- Proposed Mauritius joint venture for paints.
1996
- Proposed fifth paint plant at Ratnagiri, Maharashtra.
- Fire damaged Mumbai plant paint block on February 21.
- Set up Asian PPG Industries Pvt. Ltd. joint venture with PPG Industries USA.
- Allotted 199,11,110 bonus equity shares.
1998
- Launched NC wood finishes, ACE exterior emulsion, Asian wall putty.
- Launched Asian Paints Colour World shops.
- Merged Pentasia Chemicals and Pentasia Investments into parent.
- Launched first exclusive showroom in Mumbai.
1999
- Acquired 76% stake in Delmege Forsyth & Co (Paints) Ltd., Sri Lanka.
2000
- Launched Opal polyurethane wood finish variants.
- Opened manufacturing plant in Oman via partnership.
- Acquired Pacific Paints business in Australia.
- Lifted lockout at Kasna factory, Uttar Pradesh.
2001
- Introduced Utsav Enamel.
- Appointed R.A. Shah and Dr. Swaminathan Sivaram as directors.
2002
- Transferred shares of international subsidiaries to Mauritius-based Asian Paints International.
- Agreed to purchase 60% equity in SCIB Chemicals S.A.E., Egypt.
- Launched joint venture with Confidence Cements in Bangladesh (51% stake).
- Acquired 50.1% stake in Berger International, Singapore for Rs 58 crore; appointed Jalaj Dani CEO.
2003
- Recommended bonus issue 1:2.
- Berger International signed technology and brand licensing with PT Abadi Coatings Solusi, Indonesia.
- Shareholders approved arrangement with Pentasia Investments and capital reduction.
- Berger International started cost-cutting restructuring.
- Acquired Taubmans Paints (Fiji) Ltd.
- Acquired 9.2% stake in ICI India Ltd.
2004
- Launched paint solutions for kids.
- Held 10th Asian Paints Star Screen Weekly Awards.
2005
- Berger International partnered with Dutch Boy in Philippines.
- Changed name to Asian Paints Ltd.
2006
- APICL's Baddi manufacturing plant commenced commercial production.
2008
- Launched new campaign.
2009
- Submitted SEBI Regulation 7(3) disclosure to BSE.
- Appointed S. Ramadorai as Additional Director.
2010
- Rohtak paint plant commenced commercial production.
- Signed MoU with Maharashtra Government for paints and intermediates mega project.
2011
- Announced second joint venture with PPG Industries.
- Subsidiary SCIB Chemicals SAE temporarily restarted Egypt plants.
2012
- Restarted production at Rohtak plant, Haryana.
2013
- Completed acquisition of Sleek Group.
- Commenced commercial production at new plant.
- Split share face value from Rs 10 to Rs 1.
2014
- Entered binding agreement with Ess Ess.
2015
- Signed MoU with Government of Andhra Pradesh for paints and intermediates facility in Vishakhapatnam.
2017
- Announced expansion of paint manufacturing capacity in Gujarat.
- Subsidiary acquired Causeway Paints in Sri Lanka.
- Entered share purchase agreement with ANSA Coatings.
2018
- Ranked 9th among top paint companies by Coatings World Top Companies Report.
2019
- Commenced commercial production at Vishakhapatnam plant.
- Ranked 9th among top paint companies by Coatings World Top Companies Report.
- Included in Forbes List of World’s Best Regarded Companies.
2020
- Approved amalgamation of subsidiary Reno Chemicals with Asian Paints.
2021
- Signed MoU with Government of Gujarat to expand paint capacity to 250,000 KL and resins/emulsions to 85,000 MT.
2022
- Entered share purchase agreements to acquire majority stake in Harind Chemicals & Pharmaceuticals Private Ltd. over 5 years.
2023
- Increased Khandala plant production capacity to 400,000 KL per annum.
2024
- Completed acquisition in SCIB, now holds 85.6% stake.
