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Asian Paints company logo
Corporation
INDUSTRIALS | Basic Materials
asianpaints.com

Investments

1

Partners & Customers

3

About Asian Paints

Asian Paints manufactures and distributes paints and coating products. The company also offers coatings for commercial industries and municipalities. It offers protective, powder, and floor coating products, along with retroreflective, water, and solvent-based acrylic markings. The company was founded in 1942 and is based in Mumbai, India.

Headquarters Location

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

Mumbai, 400 055,

India

022 - 3981 8000

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Latest Asian Paints News

Asian Paints appoints Ireena Vittal to its Board

Sep 16, 2023

September 16, 2023 India’s leading paints manufacturer Asian Paints Limited announced the appointment of Ireena Vittal as Independent Director on the company’s Board, with effect from July 25, 2023. According to the company’s exchange filing, “This is with reference to earlier letter no. APL/SEC/32/2023-24/36 dated 25th July, 2023, wherein it was informed to you that the Board of Directors of the Company, based on the recommendations of the Nomination and Remuneration Committee and subject to approval of the shareholders of the Company, had unanimously approved the appointment of Mrs. Ireena Vittal (DIN: 05195656) as an Additional and Independent Director of the Company for a period of five consecutive years with effect from 25th July, 2023 upto 24th July, 2028.” Ireena Vittal is amongst India’s most respected consultants. She was a partner with McKinsey & Co. for 16 years, where she served global companies on issues of growth and sustainable scale-up. She has co-authored several studies relating to agriculture and urbanisation. She has also served government and public institutions to design and implement solutions core to the development of India, such as inclusive urban development and sustainable rural growth. She is a recognised thought partner to consumer facing companies looking to build large-scale, profitable businesses in emerging markets. Ireena Vittal is an expert in strategy including digital, finance, marketing (consumer behaviour & insights) & sales/channel evolution and has vast experience in agriculture, urbanisation and the rural sector. She also serves on the Boards of other reputed companies. Vittal has a graduate degree in Electronics from Osmania University and has completed her Master’s in Business Administration from the Indian Institute of Management, Calcutta. HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com. News Desk

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

8 Acquisitions

Asian Paints acquired 8 companies. Their latest acquisition was White Teak on June 23, 2023.

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

6/23/2023

Other

$99M

$23.71M

Corporate Majority

2

10/20/2022

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$99M

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10

4/1/2022

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$99M

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10

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

Date

6/23/2023

10/20/2022

4/1/2022

12/12/2017

12/11/2017

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$23.71M

Note

Corporate Majority

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Sources

2

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 , .

Name

Work History

Title

Status

Champaklal Choksey

Founder

Current

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Name

Champaklal Choksey

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Work History

Title

Founder

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Status

Current

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