The history of painting in India goes back a long, long way – more than 10,000 years, to the days of cave paintings. With the evolution of time, the culture of the country began to get enriched manifolds with the flourishing kingdoms. We have listed some of the best paints company in India that is also listed in the share market.
With the passage of centuries, the colors began to get diversified and richer in pigments. The quality of the pigments is among the main determinants of the price of the paint. As society began to flourish and the tastes and preferences of the people began to change, the demand for paints was on an upswing.
Categories of paints
We can broadly categorize the painting sector into two categories – decorative and industrial.
Decorative paints are mostly used in the domestic sector. It consists of products like exterior & interior wall paints, enamels, wood finishes, primers, putties, etc. Industrial paints, on the other hand, are much more functional and cover a smaller share of the market. The major product types here are marine coatings, automotive coatings, powder coatings, automotive coatings, protective coatings, etc.
Paint sector in India
In 2019, India’s paint industry stood valued at almost Rs 57 trillion. Globally, India’s paint industry occupies a prominent position, but the import of paint is higher at Rs 39 trillion, higher than the export figures.
The decorative segment occupies 75% market share, as compared to the industrial segment that occupies 25% market.
There has been a boom in the housing sector all across India. This has led to an increase in the demand for decorative paints. While this housing growth is here to stay, the consequent demand for decorative paints will also be on a constant upswing in the days to come.
There are many paint companies in India. Some of them are large players, operating in multiple countries beyond the borders of India – while many others operate within the precincts of the states where they are registered.
Top 10 Paint Companies in India
Asian Paints Ltd.
The journey of Asian Paints began in 1942. Headquartered in Mumbai, the company has its operations spanning 27 manufacturing plants across 22 countries. By 1967, the company assumed a leadership position in the Indian paints market. Within the next 20 years, the company’s turnover touched Rs 100 crores. Backed by the latest technology, and with a diversified product portfolio, Asian Paints is set to hold the commanding position in the Indian paints market for a long time.
- Market Cap (Rs Cr.): 186,736.63
- Book Value (Rs): 98.55
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): 25,148.88
Profit & Loss
- Mar 20: 2,723.45
- Mar 19: 2,167.31
- Mar 18: 2,051.73
- Mar 17: 1,966.64
Berger Paints India Ltd.
Among the fastest-growing paint companies in the region, Berger Paints commands an enviable presence in Nepal, Bangladesh, Poland, and Russia – apart from India. It has a huge network of more than 25,000 dealers that facilitates the products reaching every corner of the country. Berger Paints is the sole supplier of protective coating paints for nuclear plants. It has excellent brand recognition and competent leadership to helm it through tough competitive scenarios.
- Market Cap (Rs Cr.): 57,039.74
- Book Value (Rs): 27.03
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): 13,979.28
Profit & Loss
- Mar 20: 664.40
- Mar 19: 498.35
- Mar 18: 460.19
- Mar 17: 463.61
Kansai Nerolac Paints Ltd.
In the industrial paint coating sector, Kansai Nerolac Paints occupies a proud 2nd position. The company introduced the Cathodic Electrodeposition Primer in India, among its many credits. It holds an enviable leadership position in the industrial coating market. With a strong supply chain and top-class products, Kansai Nerolac Paints is set to retain its position for a long time.
- Market Cap (Rs Cr.): 25,943.60
- Book Value (Rs): 70.27
- Face Value (RS): 1.00
Profit & Loss
- Mar 20: 515.78
- Mar 19: 447.66
- Mar 18: 513.75
- Mar 17: 510.08
Akzo Nobel India Ltd.
For more than 60 years, Akzo Nobel has been among the leading paints & coating companies globally. With an extensive focus on the latest manufacturing technology and an unwavering commitment towards the best customer service, the company has maintained its stellar position in the market. Akzo Nobel has a wide range of products for both the domestic & industrial sectors.
- Market Cap (Rs Cr.): 9,228.74
- Book Value (Rs): 271.42
- Face Value (RS): 10.00
Profit & Loss
- Mar 20: 237.40
- Mar 19: 211.00
- Mar 18: 400.10
- Mar 17: 247.00
Shalimar Paints Ltd.
Established in 1902 in West Bengal, Shalimar Paints is among the most renowned paint companies in India. Some of the most iconic Indian symbols like the Howrah Bridge, Rashtrapati Bhavan, Salt Lake Stadium, etc. still use the paints of this company. Shalimar Paints is among the pioneers of marine paints, aviation coatings, thermal power plant paints, etc.
- Market Cap (Rs Cr.): 358.38
- Book Value (Rs): 47.22
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): 7,206.58
Profit & Loss
- Mar 20: -38.18
- Mar 19: -81.74
- Mar 18: -45.55
- Mar 17: -9.69
Jenson & Nicholson Pvt. Ltd.
Incorporated in 1922, JNPL is India’s 2nd oldest paints company. After a brief pause a few years back, the brand has been re-launched with renewed vigor. The company was among the torchbearers in the instant-color product segment that still has a very high recall in the domestic paints segment. JNPL also has a range of industrial & automotive paints.
- Market Cap (Rs Cr.): 7.37
- Book Value (Rs): -105.83
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs):
Profit & Loss
- Mar 20: 3.28
- Mar 19: -10.32
- Mar 18: 10.80
- Mar 17: 35.31
Snowcem Paints
Since its inception in 1959, Snowcem Paints is among the most dependable paints companies in India. Its range of products includes textured paints, cement paints, construction admixture, primers, and liquid paints, among others. It has also pioneered the usage of eco-friendly paints in India.
- Market Cap (Rs Cr.): 7.64
- Book Value (Rs): N/A
- Face Value (Rs): N/A
- Turnover (Rs. In Lakhs): N/A
Nippon Paint (India) Ltd
Nippon Paint is among the leading Indian as well as global paint manufacturers. The Japan-based organization is Asia’s number 1 paint company. With an experience of close to 150 years, it is a highly respected name worldwide. In India, the company’s stint has been a little over 10 years. And in this short time, it is already a popular name with its wide range of interior, exterior, and enamel finishes. The company also manufactures wood & metal paints and construction solutions.
Jotun India Pvt Ltd.
Jotun is a Norwegian paint MNC that has a presence in more than 100 countries. The company is a pioneer in manufacturing a range of paints that are weather and country-specific. That is one of the key reasons that have endeared Jotun in every country, including India. The company manufactures decorative paints, marine coatings, powder coatings, and protective coatings.
Indigo Paints
Indigo Paints had a modest beginning in 2000. Initially, they started their business as a a manufacturer of lower-end cement paints. Today, the company produces an array of products including exterior & interior emulsions, distempers, and primers, among others. Regular innovation has helped the company to rapidly create a niche for itself in the minds of the Indian customers. What makes it more popular is its multitude of exciting & innovative color combinations for the new-age houses.
List of Top 10 Paint Companies in India
| Sl. No. | Company | Established | Head office | Website |
| 1 | Asian Paints Ltd. | 1942 | Mumbai | https://www.asianpaints.com/ |
| 2 | Berger Paints India Ltd. | 1923 | Kolkata | https://www.bergerpaints.com/ |
| 3 | Kansai Nerolac Paints Ltd. | 1920 | Mumbai | https://www.nerolac.com/ |
| 4 | Akzo Nobel India Ltd. | 1646 | Kolkata | http://akzonobel.co.in/ |
| 5 | Shalimar Paints Ltd. | 1902 | Mumbai | https://www.shalimarpaints.com/ |
| 6 | Jenson & Nicholson Pvt. Ltd. | 2015 | Mumbai | http://www.jnpl.in |
| 7 | Snowcem Paints | 1959 | Mumbai | http://www.snowcempaints.com/ |
| 8 | Nippon Paint (India) Ltd
|
1905 | Chennai | https://nipponpaint.co.in/ |
| 9 | Jotun India Pvt Ltd | 1926 | Surat | https://www.jotun.com |
| 10 | Indigo Paints | 2000 | Pune | https://indigopaints.com/ |
