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Corporation
INDUSTRIALS | Basic Materials
asianpaints.com

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Investments

1

Partners & Customers

3

About Asian Paints

Asian Paints is an India-based paint maker.

Asian Paints Headquarter Location

Asian Paints House 6A, Shantinagar, Santacruz (E)

Mumbai, 400 055,

India

022 - 3981 8000

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Asian Paints Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Asian Paints Rank

Latest Asian Paints News

Dalal Street Corner: Sell-off IT, FMCG, metal force market to close in red for 2nd day; what should investors do on Wednesday?

May 24, 2022

The Indian market continued to trade range bound amid volatility as Nifty failed to give any decisive breakout even on Tuesday. Tech Mahindra, Infosys, Hindalco, Hindustan Unilever, Asian Paints, HC Tech, Infosys, Tata Steel were top laggards from these sectors, correcting up to six per cent on Tuesday. Source: PTI The Indian market continued to trade range bound amid volatility as Nifty failed to give any decisive breakout even on Tuesday. Profit booking in IT, FMCG and metal stocks forced the benchmark indices to close in the red for the second day in a row. Tech Mahindra, Infosys, Hindalco, Hindustan Unilever, Asian Paints, HC Tech, Infosys, Tata Steel were top laggards from these sectors, correcting up to six per cent on Tuesday. Nifty remained directionless during the day leading to volatility in the market, said Rupak De, Senior Technical Analyst at LKP Securities. "On the higher end, 16400 is likely to remain a resistance over the near term. Support on the lower end remains at 16000-16020. Going ahead, the volatility may continue over the near term. Any decisive breakout above 16400 may induce a strong directional move in the market," said the expert. Meanwhile, underperforming the benchmark indices, Nifty Midcap and Smallcap declined 0.6% and .12% respectively. Nifty Bank, Auto and Financial indices managed to close in the green even as rising inflation weighed on the domestic equity market. As per, Vinod Nair, Head of Research at Geojit Financial Services, anxiety of slowing economy and rising interest rates underpinned by soaring inflation continued to haunt the global market. "The UK and Eurozone composite PMI registered the slowest rise in business activity in the month of May, worsening global investor risk sentiment," he said. On the domestic front, while all major sectors succumbed to the pressure, the auto sector bucked the market trend this month gaining on fuel price cut and rise in steel custom duty, the expert added. Speaking on the current trend, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said There is no distinct trend in this whipsaw market. "Daily trading for the near-term is fraught with high risk. It would be better for investors to wait for the markets to consolidate," he advised. However, long-term investors can use the volatility to buy high quality stocks available at attractive valuations, the expert said. " Financials, particularly leading banks, are value buys now," he added.

Asian Paints Investments

1 Investments

Asian Paints has made 1 investments. Their latest investment was in White Teak as part of their Corporate Minority on April 4, 2022.

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Asian Paints Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/1/2022

Corporate Minority

White Teak

$23.71M

Yes

2

Date

4/1/2022

Round

Corporate Minority

Company

White Teak

Amount

$23.71M

New?

Yes

Co-Investors

Sources

2

Asian Paints Acquisitions

6 Acquisitions

Asian Paints acquired 6 companies. Their latest acquisition was WeatherSeal on April 01, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/1/2022

$99M

Corporate Majority

1

12/12/2017

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$99M

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10

12/11/2017

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$99M

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10

5/15/2014

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$99M

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10

4/15/2014

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$99M

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10

Date

4/1/2022

12/12/2017

12/11/2017

5/15/2014

4/15/2014

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

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Sources

1

10

10

10

10

Asian Paints Partners & Customers

3 Partners and customers

Asian Paints has 3 strategic partners and customers. Asian Paints recently partnered with Ivalua on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/21/2021

Vendor

United States

09:00 ET Asian Paints Successfully Digitizes the Source to Contract Process in Collaboration with Ivalua & Durvah

Asian Paints Limited selected Ivalua because of their ability to deploy quickly , support all spend categories , easily integrate with existing ERP systems and meet their unique industry requirements .

2

6/3/2020

Partner

United States

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10

1/24/2011

Partner

United States

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10

Date

9/21/2021

6/3/2020

1/24/2011

Type

Vendor

Partner

Partner

Business Partner

Country

United States

United States

United States

News Snippet

09:00 ET Asian Paints Successfully Digitizes the Source to Contract Process in Collaboration with Ivalua & Durvah

Asian Paints Limited selected Ivalua because of their ability to deploy quickly , support all spend categories , easily integrate with existing ERP systems and meet their unique industry requirements .

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Sources

2

10

10

Asian Paints Team

8 Team Members

Asian Paints has 8 team members, including current Chief Executive Officer, Rahul Bhatnagar.

Name

Work History

Title

Status

Champaklal Choksey

Founder

Current

Rahul Bhatnagar

Chief Executive Officer

Current

Raj Keeleri

Chief Executive Officer

Current

Amit Syngle

Chief Executive Officer

Current

Manish Choksi

Chief Information Officer

Current

Name

Champaklal Choksey

Rahul Bhatnagar

Raj Keeleri

Amit Syngle

Manish Choksi

Work History

Title

Founder

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Information Officer

Status

Current

Current

Current

Current

Current

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