Asian Paints Limited is India’s largest paint and décor company. Established by four friends, it has grown into a global player with operations in over 15 countries and 27 manufacturing facilities, serving consumers in more than 60 nations. The company manufactures decorative paints, industrial coatings, and finishing products, while also expanding into home décor solutions such as modular kitchens, bath fittings, lighting, and furnishings. Known for innovation and customer focus, Asian Paints has been the market leader in India since 1967, consistently driving growth and enhancing living spaces worldwide.
Introduction & Incorporation of Asian Paints
Asian Paints Limited was founded in 1942 by four friends in Mumbai, starting as a partnership firm before being incorporated as a Public Limited Company in 1945. Headquartered in Mumbai, Maharashtra, it is the world’s 9th largest and India’s largest paint and décor company. In the 1980s, Asian Paints expanded distribution, diversified product offerings, and began in-house manufacturing of key paint ingredients, ensuring better cost control, improved quality, and accelerated growth across markets.
Asian Paints Business Segments and Revenue Model
- Core Business & Revenue: Asian Paints’ main revenue comes from the dominant Decorative Coatings segment (interior, exterior, and wood paints). The revenue model is strengthened by the expansion into Home Décor, including modular kitchens, bath fittings, and other enhancement accessories.
- Operational Footprint: The company operates globally across 15 countries with state-of-the-art manufacturing facilities. It drives innovation through substantial investment in R&D, focusing on high-quality and eco-friendly product solutions.
Asian Paints Key Milestones
- 1942: Founded in Mumbai by four friends during World War II.
- 1945: Incorporated as Asian Oil & Paint Company Pvt. Ltd.
- 1967: Became India’s largest paint manufacturer.
- 1990: Established first overseas subsidiary in Fiji.
- 1999: Acquired Sri Lanka’s Delmege Forsyth Paints.
- 2002: Acquired Berger International.
- 2014: Asian Paints Ltd Enters into binding agreement with Ess Ess.
- 2024: Operates in 15 countries with 26 manufacturing facilities, serving over 60 nations.
Asian Paints Awards & Recognitions
- Ranked 2nd Best Company to Work for in Manufacturing sector (2022).
- Won Golden Peacock Award for Corporate Governance three years in a row (2022).
- Recognised among Top 30 Most Sustainable Companies in India (2021–22) by Business world magazine.
- Secured the 9th position in Coatings World’s 2021, ranking among the leading global paint manufacturers.
- Rated as the 5th Most Valuable Brand in India - Sept 2020
Data as of January 2026
Asian Paints share price as on 27 Feb 2026 is Rs. 2376.2. Over the past 6 months, the Asian Paints share price has decreased by 4.24% and in the last one year, it has increased by 7.34%. The 52-week low for Asian Paints share price was Rs. 2124.75 and 52-week high was Rs. 2985.7.
Asian Paints Limited is India’s largest paint and décor company. Established by four friends, it has grown into a global player with operations in over 15 countries and 27 manufacturing facilities, serving consumers in more than 60 nations. The company manufactures decorative paints, industrial coatings, and finishing products, while also expanding into home décor solutions such as modular kitchens, bath fittings, lighting, and furnishings. Known for innovation and customer focus, Asian Paints has been the market leader in India since 1967, consistently driving growth and enhancing living spaces worldwide.
Introduction & Incorporation of Asian Paints
Asian Paints Limited was founded in 1942 by four friends in Mumbai, starting as a partnership firm before being incorporated as a Public Limited Company in 1945. Headquartered in Mumbai, Maharashtra, it is the world’s 9th largest and India’s largest paint and décor company. In the 1980s, Asian Paints expanded distribution, diversified product offerings, and began in-house manufacturing of key paint ingredients, ensuring better cost control, improved quality, and accelerated growth across markets.
Asian Paints Business Segments and Revenue Model
- Core Business & Revenue: Asian Paints’ main revenue comes from the dominant Decorative Coatings segment (interior, exterior, and wood paints). The revenue model is strengthened by the expansion into Home Décor, including modular kitchens, bath fittings, and other enhancement accessories.
- Operational Footprint: The company operates globally across 15 countries with state-of-the-art manufacturing facilities. It drives innovation through substantial investment in R&D, focusing on high-quality and eco-friendly product solutions.
Asian Paints Key Milestones
- 1942: Founded in Mumbai by four friends during World War II.
- 1945: Incorporated as Asian Oil & Paint Company Pvt. Ltd.
- 1967: Became India’s largest paint manufacturer.
- 1990: Established first overseas subsidiary in Fiji.
- 1999: Acquired Sri Lanka’s Delmege Forsyth Paints.
- 2002: Acquired Berger International.
- 2014: Asian Paints Ltd Enters into binding agreement with Ess Ess.
- 2024: Operates in 15 countries with 26 manufacturing facilities, serving over 60 nations.
Asian Paints Awards & Recognitions
- Ranked 2nd Best Company to Work for in Manufacturing sector (2022).
- Won Golden Peacock Award for Corporate Governance three years in a row (2022).
- Recognised among Top 30 Most Sustainable Companies in India (2021–22) by Business world magazine.
- Secured the 9th position in Coatings World’s 2021, ranking among the leading global paint manufacturers.
- Rated as the 5th Most Valuable Brand in India - Sept 2020
Data as of January 2026
Asian Paints share price as on 27 Feb 2026 is Rs. 2376.2. Over the past 6 months, the Asian Paints share price has decreased by 4.24% and in the last one year, it has increased by 7.34%. The 52-week low for Asian Paints share price was Rs. 2124.75 and 52-week high was Rs. 2985.7.
