Investments
1Partners & Customers
3About 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.
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Latest Asian Paints News
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.
Asian Paints Investments Activity
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 | $23.71M | Corporate Majority | 2 | ||
10/20/2022 | ||||||
4/1/2022 | ||||||
12/12/2017 | ||||||
12/11/2017 |
Date | 6/23/2023 | 10/20/2022 | 4/1/2022 | 12/12/2017 | 12/11/2017 |
|---|---|---|---|---|---|
Investment Stage | Other | ||||
Companies | |||||
Valuation | |||||
Total Funding | $23.71M | ||||
Note | Corporate Majority | ||||
Sources | 2 |
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 | 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 | ||||
1/24/2011 | Partner |
Date | 9/21/2021 | 6/3/2020 | 1/24/2011 |
|---|---|---|---|
Type | Vendor | Partner | Partner |
Business Partner | |||
Country | United States | ||
News Snippet | 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 . | ||
Sources | 2 |
Asian Paints Team
8 Team Members
Asian Paints has 8 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Champaklal Choksey | Founder | Current | |
Name | Champaklal Choksey | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
Compare Asian Paints to Competitors
JSW Paints is a paint company. It manufactures industrial coatings and decorative paints. It provides paints for a wide range of applications, including interior walls, exterior walls, preparation products, waterproofing, metal finishes, and many more. It was founded in 2016 and is based in Mumbai, India. It is a subsidiary of JSW Group.
Corksol distributes Corksol SprayCork to approved applicators across the UK. It is an affordable new coating that will have a positive impact on the UK housing market, tackling the nationwide issue of fuel poverty, while reducing the negative health impact of cold homes.
Albotherm provides transitioning coating technology services. The company helps to regulate temperatures without energy input. It also reduces solar gain in hot weather, allowing buildings and greenhouses to regulate their own temperature without electrical input. It was founded in 2020 and is based in Bristol, U.K.
Pickelson is an online paint company. The company provides a wide range of water-based and eco-friendly colors as well as sample cards and other related products. The company's paints use for walls, ceilings, furniture, and floors. It is based in London, England.
PDCOR provides institutional support to the government in structuring and implementing infrastructure projects in a public-private partnership format. It offers engineering designs, project design, financial analysis, infrastructure advisory, project management consultancy services, and more. It serves the health, environmental, transport, and power sectors. It was founded in 1997 and is based in Jaipur, India.
Precast India Infrastructures (PIIPL) is a construction firm. It undertakes high-volume contracts for IT buildings, commercial complexes, industrial buildings, and more. It was founded in 2010 and is based in Pune, India.
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