India's paint business is estimated to be over Rs 50 billion, while the cosmetic paint sector has more than 75% of the market. It includes primers, wood finishing touches, enamel paints, and interior and exterior wall paints. Granulated coatings, traditional industrial coatings, naval and protective coatings, and vehicle and container coatings are also available.
Paint manufacturers in India are expected to earn Rs 18 trillion in exports and Rs 39 trillion in imports. There are many renowned global traders and paint manufacturers in India. Let's take a look at the most prominent names among them in detail.
Companies selling paint in India have a 30-35% share in the unorganized market. Below is a list of top paint manufacturers in India, including total revenue, operating income, variety of paints in India, stock price, and liquidity value from first to last order.
To help you identify where to get the best paints in the country, we have compiled a list of the leading paint manufacturers in India.
Asian Paints is a global paint business founded in India that manufactures, develops, and sells a wide range of paints. It is India’s top and Asia’s third-best paint brand, with sales of Rs 185.16 billion in 2021.
The firm is based in Mumbai, Maharashtra and was founded in 1942. The company has 30 paint manufacturing units worldwide, supplying customers in 61 countries.
It produces and markets chemicals, decorative paints, and commercial finishing items, including wood varnishes and coating components. It started with primary colours and rapidly evolved into sophisticated and inventive designs and colors. The company employs around 8,000 people in its manufacturing and distribution activities.
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Louis Berger founded his business in the United Kingdom in 1760 and is headquartered in Kolkata, West Bengal.
This company is a well-known company manufacturing paints and coating products for chemical and other industries. It has 16 production facilities outside India, including two in Nepal and one in Poland, and employs an estimated total of 4,000 employees. Their decorative paints are known for their long-term colour retention.
Berger Paints' top products are now available from over 25,000 different dealers. It is India's second-largest paint manufacturer by market capitalization.
Kansai Nerolac is a notable paint manufacturer in India, ranking among the top ten. It is India's third-largest paint firm, popularly known as Goodlass Nerolac. It was founded in 1918 by Katsujiro Iwai in Amagasaki City, Japan, and is currently headquartered in Mumbai. As per recent data, the total number of employees is 3008. Its extensive product line, including Nerolac Beauty Gold, has made it one of the most successful paint companies in India.
Manufacturing facilities for Nerolac can be found in Jaipur, Kanpur Dehat (Uttar Pradesh), Bawal (Haryana), Lote, Chiplun (Maharashtra), Hosur (Tamil Nadu), Sayakha (Gujarat), Goindwal (Punjab) and Visakhapatnam (Andhra Pradesh).
Kansai Nerolac Paints Ltd. has entered into several technical collaborations with industry giants such as EI du-Products.
The Mumbai-based company is the industry leader in industrial paints, with a market share of over 40%. It is the third-largest competitor in the decorative paints industry, with a market share of 13%. The decorative category contributes over 75% to the Indian paints industry.
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