Are you curious about the paint industry's top players in India? Look no further!
The paint industry in India has witnessed tremendous growth and transformation, contributing significantly to the nation's infrastructure development, interior design trends, and overall aesthetic appeal. And, there's no doubt that the country's top paint brands have played a significant role in this success. With the domestic paint industry valued at Rs. 50,000 crores, decorative paints alone constitute 75% of the market.
As the demand for quality paints continues to soar, it's essential to recognize the top players who have shaped and defined the industry's landscape.
From long-standing giants to emerging challengers, these companies have managed to establish themselves as key players in the Indian paint market. In this blog, we delve into the realm of the Indian paint market, unveiling the top paint companies that have emerged as industry leaders.
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 |
Top 10 Paint Brands In India
- Asian Paints
- Berger Paints
- Kansai Nerolac Paints
- Akzo Nobel India
- Indigo Paints
- Nippon Paints
- Shalimar Paints
- Jotun Paints
- Jenson & Nicholson Paints
- Sheenlac Paints
Asian Paints
| Website | www.asianpaints.com |
|---|---|
| Founded In | 1942 |
| Founders | Champaklal Choksey; Chimanlal Choksi; Suryakant Dani; Arvind Vakil |
| Revenue | $3.7 billion (2022) |
| Operating Income | $530 million (2022) |
In the realm of India's paint industry, one name stands tall as the largest paint company in the country and the third-largest in Asia. Established in 1942 by four visionary friends - Chimanlal Choksi, Champaklal Choksi, Suryakant Dani, and Arvind Vakil - this company embarked on a journey to become the world's biggest paint company at that time. Today, it proudly holds its headquarters in Mumbai, India.
We're talking about none other than Asian Paints, an industry titan with a turnover of 193.50 billion, solidifying its position as the numero uno paint company in India. Asian Paints specializes in manufacturing a wide range of paints, catering to both decorative and industrial purposes. Notably, it serves as the holding company for Berger International, expanding its global reach.
With operations spanning across 19 countries, Asian Paints has made significant strides in revolutionizing the paint industry. In its pursuit of excellence, the company has established the Asian Paint Colour Academy, offering comprehensive training programs for paint applicators, ensuring their expertise matches the company's high standards.
What sets Asian Paints apart is its commitment to innovation and customer-centric solutions. Introducing exciting concepts like Colour Worlds, Home Solutions, ColourNext, and Kid's World, Asian Paints aims to transform homes and spaces across the nation, providing unique and immersive experiences to customers.
Pratyusha Srivastava
Berger Paints
| Website | www.bergerpaints.com |
|---|---|
| Founded In | 1923 |
| Founders | Lewis Berger |
| 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.
Shalini Rath
Kansai Nerolac Paints
| Website | www.nerolac.com |
|---|---|
| Founded In | 1920 |
| Founders | Katsujiro Iwai |
| 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.
Shah Rukh Khan 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.
Souvik Dey
Akzo Nobel India
| Website | Akzonobel.co.in |
|---|---|
| Founded In | 1994 |
| Founders | Mr Rajiv Rajgopal |
| 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.
Beyond paints and coatings, AkzoNobel is actively involved in numerous industries, such as automotive, aerospace, marine, and industrial coatings. Their cutting-edge technologies and expertise have positioned them as a trusted partner for businesses seeking superior protection, performance, and aesthetics.
Indigo Paints
| Website | Indigopaints.com |
|---|---|
| Founded In | 2000 |
| Founders | Hemant Jalan |
| Revenue | US$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
| Website | www.nipponpaint.co.in |
|---|---|
| Founded In | 1881 |
| Founders | Haruta and Jujiro Moteki |
| 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. Established in India in 2006, Nippon Paint has rapidly grown to become a leading player, known for its commitment to delivering superior paint products across a diverse range of segments.
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.
One notable aspect of Nippon Paint's approach is its focus on sustainability. The company actively seeks eco-friendly solutions, incorporating sustainable practices in its manufacturing processes and product offerings. Nippon Paint takes pride in developing environmentally responsible paints that minimize environmental impact while delivering exceptional performance.
Abinaya Arangarajan
Shalimar Paints
| Website | www.shalimarpaints.com |
|---|---|
| Founded In | 1902 |
| Founders | AN Turner and AC Wright |
| Revenue | $48 Million (2022) |
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.
Jotun Paints
| Website | www.jotun.com |
|---|---|
| Founded In | 1926 |
| Founders | Odd Gleditsch Sen. |
| Operating Revenue | NOK 27 858 million (2022) |
| Operating Profit | NOK 3 737 million (2022) |
Jotun Paints India is a prominent player in the Indian paint industry, known for its dedication to providing high-quality coatings that enhance the beauty and protection of various surfaces. With a global presence spanning over 90 countries, Jotun Paints has earned a reputation for its commitment to innovation, sustainability, and customer satisfaction.
Established in India in 2008, Jotun Paints India has rapidly gained recognition for its wide range of decorative and protective coatings. The company offers a diverse portfolio of products, catering to residential, commercial, industrial, and marine applications. From vibrant interior paints to durable exterior coatings, Jotun Paints ensures long-lasting performance and aesthetic appeal.
Jenson & Nicholson Paints
| Website | www.jnpl.in |
|---|---|
| Founded In | 1922 |
| Founders | Mr. John Jenson and Mr. Wilfred Nicholson |
| Revenue | $9.5 Million |
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 specializes 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
| Website | Sheenlac.com |
|---|---|
| Founded In | 1962 |
| Founders | John Peter |
| Revenue | $100 Million |
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.
As Sheenlac Paints continues to make its mark in the Indian paint industry, its dedication to innovation, quality, and customer satisfaction remains unwavering. With Sheenlac Paints, surfaces come to life with a captivating sheen, offering not just aesthetic appeal but also long-lasting protection.
Conclusion
The Indian paint market has experienced remarkable growth in recent years, fueled by the presence of numerous top paint companies vying for dominance. From long-established giants to emerging challengers, these companies have continuously raised the bar in terms of quality, innovation, and customer satisfaction. With their diverse product portfolios, robust distribution networks, and unwavering commitment to excellence, the top paint companies in India have become synonymous with reliability and trust.
Whether it's for residential or commercial purposes, these industry leaders offer a wide array of paint solutions that cater to every need, making them the preferred choice for customers seeking superior quality and exceptional service. As the Indian paint market continues to thrive, these top companies will undoubtedly play a pivotal role in shaping its future trajectory.
FAQs
Which is the top paint company in India?
Asian Paints, the leading paint company in India, proudly holds the top position in the industry. With a turnover of 193.50 billion, Asian Paints offers an extensive range of paints, including plastic paint, distemper, oil paint, and more.
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
- Jotun
- Jenson & Nicholson Paints
- Sheenlac Paints
What types of paints do these top brands offer?
The top paint brands in India offer a wide range of paints, including interior and exterior paints, enamels, wood finishes, primers, and specialty coatings. They cater to various sectors, such as residential, commercial, automotive, and industrial applications.
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 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
How can I choose the right paint brand for my project?
Choosing the right paint brand depends on factors such as your specific requirements, the surface to be painted, desired finishes, and personal preferences. Consider factors like quality, durability, color range, and customer reviews to make an informed decision.
Where can I purchase paints from these top brands?
Paints from these top brands are available through authorized dealers, paint stores, and online platforms.
