Kansai Nerolac Paints Ltd
NSE: KANSAINER BSE: 500165
₹203.51
(1.55%)
Tue, 10 Mar 2026, 11:49 pm
Market Cap165.06B
PE Ratio28.09
Dividend1.22
Process Industries
Industrial Specialties
24.5KCompany History
1920
- Incorporated and acquired business of A.T. Mirza (American Paint and Varnish Company).
1933
- Lead Industries Ltd. (U.K.) acquired entire share capital.
1965
- Issued 4,010 bonus shares; all shares held by Goodlass Wall & Lead Industries Ltd., U.K.
1966
- Issued 54,000 bonus shares (3:1).
1968
- Converted to public limited company.
- Issued 6 shares to directors; offered 17,994 shares at par to public.
1974
- Issued 36,000 bonus shares (2:5).
1978
- Issued 90,000 bonus shares (5:7).
1981
- Issued 1,080,000 rights equity shares (1:2).
1984
- Issued 50,000 15% secured redeemable non-convertible debentures (Rs 100 each); placed with Army Group Insurance Fund, Kasturba Health Society, UTI.
- Proposed 2,682,113 rights equity shares (1:4 at Rs 90 premium) and Rs 1.5 crore prospectus issue.
- Saurashtra Paints Ltd. and GNP (Chennai) Ltd. became wholly owned subsidiaries.
1985
- Entered technical collaboration with Kansai Paint Co. Ltd., Japan for cationic electrodeposition powder know-how.
1987
- Applied to MIDC for land to shift Lower Parel capacities.
- Entered technical assistance agreements with Kansai Paint Co. Ltd. and Nihon Tokushu Toryo Co. Ltd., Japan.
1989
- Received approval for 15,000 TPA capacity and shift from Lower Parel to Lote Parshuram.
1991
- Increased authorised capital.
- Allotted 3,240,000 rights shares (1:1 at Rs 20 premium); 486,000 + 24,300 oversubscription shares; 162,000 employee shares.
1993
- Kanpur unit commenced commercial production (15,000 TPA capacity).
1994
- Issued 3,576,150 bonus equity shares (1:2).
1996
- Entered technical assistance agreement with E.I. du Pont de Nemours & Co. for automotive coatings.
- Entered agreement with Kansai Paint Co. Ltd., Japan for architectural coatings.
- Issued 1,000,000 equity shares on private placement at Rs 240 premium.
- Issued 3,576,150 rights equity shares at Rs 60 premium (1:3).
1997
- Entered agreement with Kansai Paint Co. Ltd., Japan for sophisticated architectural coatings.
1998
- Appointed Mr. H. Iwamoto as Additional Director.
1999
- Appointed Mr. M. Kume as Director.
- Entered technical assistance agreement with Oshima Kogyo Co. Ltd., Japan for heat resistant coatings.
- Allotted 43,500 equity shares pursuant to contracts without cash.
- Allotted 5,416,250 bonus equity shares.
2000
- Launched 'Nerolac Suraksha' plastic exterior paint.
- Kansai Paint Co. Ltd. acquired 28.56% stake from Forbes Gokak Ltd. and associates.
- Appointed Mr. S.M. Datta as Additional Director.
2002
- Launched 'Magic Eye' spectrophotometer.
- Approved amalgamation of wholly-owned subsidiaries GNP (Madras) Ltd. and Saurashtra Paints Ltd.
- Approved capacity enhancement at Jainpur factory, Kanpur Dehat, at Rs 90 million.
2003
- Launched 'Har Din Diwali' promotional offer.
- Constituted Creative Analyst Team (CAT) for people management.
- Branded 'Goody the tiger' logo exclusively for rural markets.
2004
- Launched Nerolac Plastic Emulsion for interior decor.
- Changed name to Kansai Nerolac Paints Ltd.
2007
- Appointed Mr. Pradip P. Shah as Independent Director.
- Appointed Mr. Noel N. Tata as Independent Director.
- Won ICSI National Award for Excellence in Corporate Governance.
2010
- Appointed Shahrukh Khan as brand ambassador.
- Issued bonus shares in ratio 1:1.
- Appointed Mr. Y. Takahashi as Additional Director, nominee of Kansai Paint Co. Ltd.
2011
- Divested 49% stake in Nipa Chemicals Ltd. for Rs 25.72 crores.
2012
- Board recommended 110% dividend.
- Entered JV with Nepal Shalimar to acquire 68% stake in Nepalese paint company.
- Planned new manufacturing unit with Rs 300 crore investment.
2013
- Board recommended 110% dividend.
- KNPL Bawal won silver Greentech Environment Award for Environment Management.
2014
- Board recommended 110% dividend.
2015
- Entered Sri Lankan market.
- Decided to set up manufacturing unit in Gujarat at Rs 350 crore cost.
- Split face value from Rs 10 to Rs 1.
2016
- Received Most Innovative Product of the Year Award for Nerolac Impressions HD.
2018
- Commenced commercial production at new manufacturing unit in Sayakha Industrial Estate, Gujarat.
2019
- Featured in 40 most valuable Indian brands.
2020
- Launched Nerolac Excel Topguard, awarded Product Launch of the Year.
- Won silver trophy for 'Nerolac Pragati Express' campaign in Excellence in CSR-Social Impact awards.
2023
- Issued bonus shares in ratio 1:2.
- Approved acquisition of 40% shares of Nerofix from Polygel for Rs 37 crore.
2024
- Purchased revisionary rights of land parcel at Lower Parel.
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