The infrastructure sector in India is growing at a very fast pace. Many new buildings are being constructed rapidly. All the infrastructures are incomplete without proper paint. The use of paint enhances the aesthetic appeal of the infrastructure while also providing a visual pleasure for the person.
The Indian paint industry values around 50,000 crore rupees. It is also said that India’s paint industry is one of the fastest-growing industries in Asia. The paint industry offers a variety of products like distemper, oil paint, acrylic paint, plastic paint, latex paint, emulsions, etc. With the advancement in technology, paints have become more durable and capable of facing environmental changes. There are several paint brands available in India to choose from. Let us look at some of the top paint companies in India.
1. Asian paints
Asian Paints holds the top position in the list, being the largest paint manufacturing company in India. With a revenue exceeding 2.7 billion dollars, the company has a widespread presence across nearly 19 countries worldwide.
Established in 1992 by four visionary friends, their aim was to make Asian Paints the leading paint company globally. The company’s headquarters are located in Mumbai. Presently, Asian Paints manufactures a wide range of products, including interior and exterior wall paints, tile guard waterproofing solutions, wood & metal paint, adhesives, and painting tools.
To enhance customer experience, Asian Paints has developed an official app available on both the Play Store and the Apple App Store. The app features a paint budget calculator, color visualizer, and various other tools. Apart from paints, Asian Paints has expanded into the realms of home décor, bath and kitchen products, as well as lighting solutions.
2. Berger paints India ltd.
Berger paints India Ltd. holds the 2nd position in the rankings. Originating from Kolkata, India, it is a multinational paint company. With operations in 5 countries, the company’s revenue amounts to approximately $890 million. In 1923, Mr. Lewis Berger founded Berger paint, which has since become one of India’s fastest-growing paint firms. Catering to all painting-related needs, Berger paints offer a comprehensive solution to their customers. Their product line includes premium paints with smooth silk-like textures. Additionally, the company manufactures interior and exterior wall coatings, metal paints, wood paints, glass paints, and waterproofing chemicals.
3. Kansai Nerolac Paints
Kansai Nerolac Paints holds the 3rd position on the list. Nerolac paints is a well-known brand. Founded in Mumbai in 1920, it is a subsidiary of Kansai paints Japan. Kansai paints, the parent company of Nerolac paints, was established in Japan in 1918 by Mr. Katsujiro Iwai. Nerolac paints, India’s largest industrial paint manufacturer, boasts a revenue of approximately $700 million. The company specializes in manufacturing powder coatings and paints for vehicles and electrical products. Their product range includes interior and exterior wall paints, wood coatings, metal enamel, waterproofing chemicals, high-performance industrial coatings, auto refinish paints, and more. India is home to six manufacturing units for Nerolac paints.
4. Akzo Nobel paints India
Akzo Nobel Paints India holds the 4th position in the list of top companies. The company is a leader in coating paints globally. It operates in various countries under different brand names. Initially known as Empirical Chemical Industries (ECI), Akzo Nobel changed its name in 2010. The company has a century-long presence in India. In India, Akzo Nobel conducts its business activities through Dulux paints. Dulux paints generate a revenue of approximately $380 million. The company offers a wide range of domestic and industrial products, including interior and exterior wall paints, wood and metal care paints, waterproofing chemicals, marine coating, powder coating, and industrial coating.
5. Indigo Paints
Indigo holds the 5th position in the list. Mr. Hemant Jalan founded Indigo paint in 2000, located in Pune. Indigo paints generate approximately $80 million in revenue and boast a well-developed distribution network. The brand ambassador of Indigo paints is Mahendra Singh Dhoni. Originally, Indigo paints focused on manufacturing lower-end cement paints but gradually shifted to water-based paint products. In addition to water-based paints, Indigo manufactures various other products, such as stone and tile paints, leakproof emulsions, interior & exterior emulsions, enamels, putties, primers, etc.
6. Nippon paints
Nippon Paints holds the 6th position on the list. It is a well-established Japanese company with a rich history in the paint industry, spanning nearly 140 years. Founded in 1881 by two brothers, Nippon has been producing a wide range of paints, including marine, automobile, industrial, and decorative variants. One of their core values is promoting sustainable development. In India, Nippon has been operating for over a decade and has gained popularity as a trusted domestic paint brand. With an annual revenue of approximately $66 million, Nippon India primarily focuses on interior and exterior wall paints, wood and metal paints, as well as primer, undercoat, and construction solution products.
7. Shalimar paints limited
Shalimar Paints holds the 7th position in the list of paint companies. Established in 1902, it was founded by British businessmen A. N. Turner and A.C. Wright. Their first manufacturing plant was established in Howrah, West Bengal.
Notably, Shalimar Paints pioneered various paint technologies, such as Zink coating, radiation-resistant coating, and polyurethane coating for railways. Additionally, they had the honor of painting India’s fighter aircraft carrier.
With an annual revenue of approximately $49 million, Shalimar Paints operates three manufacturing units across the country. These units produce a wide range of products, including emulsions, distemper, primer, putty, varnish, and more.
8. Sirca paints limited
Sirca paints limited holds the 8th position in the list of companies. The company was founded in 2006 in New Delhi under the name ‘Sircolour wood coatings Pvt. Ltd.’ The name was later changed to Sirca paints limited. In its early days, Sirca used to import products from Italy and Korea, which were then sold in India. Over time, Sirca has become a well-known name in the wood coating industry. Their specialization lies in luxury paints. The company manufactures a range of products, including interior and exterior wall paints, wood primers, textured finishes, wall putty, wood coating, and metal coating. The annual revenue generated by Sirca paints is approximately $19 million, and they have established over 247 branches across the country.
9. Sheenlac paints
Sheenlac paints occupy the 9th position on the list. Mr. John Peter founded it in 1962. In 1971, the first manufacturing unit of Sheenlac paints was established in Ambattur. The company has maintained a reputation for pioneering innovation in the paint industry. It was the first to introduce sanding sealer and non-alcoholic wood Polish. With 4 manufacturing units in the country, Sheenlac produces a variety of products, including interior & exterior wood coatings, interior and exterior wall paints, floor coatings, and automotive coatings. Recently, the renowned A.R. Rahman became the brand ambassador for Sheenlac paints. Furthermore, the company boasts an impressive revenue of approximately $58 million.
10. Snowcem paints limited
Snowcem Paints Limited holds the 10th position on the list. In 1959, Mr. George Lillington established the company in Mumbai. The product range of Snowcem Paints includes interior and exterior emulsions, primers, cement paints, wall putty, and more. Being one of the leading cement paint producers in the nation, Snowcem operates four manufacturing units across the country. The company’s revenue amounts to approximately $6 million. Notably, Snowcem Paints was recently acquired by Saurashtra Cement Limited, a Mehta group company.
