When was Asian Paints founded?

Asian Paints was founded in 1942.

Where is Asian Paints located?

Asian Paints is headquartered in Mumbai, India. It is registered at 6A & 6B, Shantinagar, Santacruz(East), Mumbai, Mumbai, Maharashtra, India, 400055.

Which legal entities is Asian Paints associated with?

Asian Paints is associated with ASIAN PAINTS LIMITED and 1 other.

How many employees does Asian Paints have?

As of Mar 31, 2025, the latest employee count at Asian Paints is 11162.

Is Asian Paints a funded company?

Asian Paints is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of Asian Paints?

Annual revenue of Asian Paints is more than ₹1,000 Cr as on Mar 31, 2026

Where does Asian Paints rank among its competitors?

Asian Paints ranks 4th amongst 2530 active competitors, of which 7 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was PPG, which secured $13.8M in Dec, 2025.

Who are the top competitors of Asian Paints?

Asian Paints' top competitors include Hempel, Sherwin Williams and Akzo Nobel. Among them, PPG secured the most recent funding round in December, 2025.

Asian Paints - 2026 Company Profile, Team, Competitors & Financials

Asian Paints is a public company based in Mumbai (India), founded in 1942 by Chimanlal Choksi, Champaklal Choksey, Suryakant Dani and Arvind Vakil. It operates as a Manufacturer of industrial and decorative paints. The company has 2530 active competitors, including 7 funded and 244 that have exited. Its top competitors include companies like Hempel, Sherwin Williams and Akzo Nobel.

Company Details

Manufacturer of industrial and decorative paints. It offers a wide range of decorative and industrial paints, coatings, and home decor products. It provides interior and exterior wall paints, waterproofing solutions, wood and metal finishes, adhesives, and specialty items. The paints include enamel, oil, emulsion, synthetic rubber, bituminous, and more. It also provides services such as personalized interior designs and wall painting.

Website: www.asianpaints.com
Social
Email ID: *****@asianpaints.com
Phone Number: +91 **********, +91 **********
Registered Address: 6A & 6B, Shantinagar, Santacruz(East), Mumbai, Mumbai, Maharashtra, India, 400055

Key Metrics

Founded Year

1942

Location

Mumbai, India

Stage

Public

Ranked

4^th among 2530 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

11,162 as on Mar 31, 2025

Investment & Acquisitions

Nanova & 7 more

Similar Companies

Hempel & 2577 more

Exit Details

Public

View Asian Paints' full profile

Asian Paints is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ASIAN PAINTS LIMITED CIN: L24220MH1945PLC004598 , India, Active	Oct 24, 1945	₹1,000+ Cr (As on Mar 31, 2026)	9189 (As on May 31, 2026)
ASIAN PAINTS INDUSTRIAL COATINGS LIMITED CIN: U24220MH2001PLC133523 , India, Active	Oct 01, 2001	₹10 - ₹50 Cr (As on Mar 31, 2026)	134 (As on May 31, 2026)

Asian Paints got listed on Oct 22, 1982.

Click here to take a look at Asian Paints's IPO in detail

Asian Paints is a funded company.

The founders of Asian Paints are Chimanlal Choksi, Champaklal Choksey, Suryakant Dani and Arvind Vakil. Amit Syngle is the CEO of Asian Paints.

Here are the details of Asian Paints' key team members:

Chimanlal Choksi: Former Co-Founder of Asian Paints.
Champaklal Choksey: Former Co-Founder of Asian Paints.
Suryakant Dani: Former Co-Founder of Asian Paints.
Arvind Vakil: Former Co-Founder of Asian Paints.

Asian Paints' Board of Directors

Asian Paints's board has 12 active members. Manish Mahendra Choksi, Malav Dani and Amit Syngle are part of team and Gopichand Katragadda, Nehal Abhay Vakil, Soumitra Bhattacharya, Seshasayee Ramaswami, Ireena Vittal, Amrita Amar Vakil, Ashish Ashwin Choksi, Varun Berry and Milind Shripad Sarwate are independent board members.

Here is the list of Asian Paints' board of directors:

Name	Type	Representing	Status	Duration
Malav Dani	Team	-	Current	12y 0m
Amit Syngle	Team	-	Current	5y 10m
ftrqnxy	Team	-	Past	3y 8m
Gopichand Katragadda	Independent board member	-	Current	2y 2m
sxocuwe	Independent board member	-	Current	1y 5m
qvvvubi	Independent board member	-	Current	1y 3m
zlozwun	Independent board member	-	Current	7y 7m
bxeoyte	Independent board member	-	Current	4y 7m
sfnpujq	Independent board member	-	Current	7y 5m
vmtdyxw	Independent board member	-	Current	1y 3m
rpv{beh	Independent board member	-	Past	7y 6m
fvmtiey	Independent board member	-	Past	6y 2m

View details of Asian Paints's Founder profiles and Board Members

Asian Paints' employee count trend

Asian Paints has 11,162 employees as of Mar 25. The total employee count is 18.0% more than what it was in Mar 24. Here is Asian Paints's employee count trend over the years:

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Top competitors of Asian Paints include Hempel, Sherwin Williams and Akzo Nobel. Here is the list of Top 10 competitors of Asian Paints, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hempel 1915, Lyngby (Denmark), Acquired	Developer and supplier of protective coatings	-	CVC, Europa	69/100
2nd	Sherwin Williams 1866, Cleveland (United States), Public	Manufacturer of paints, coatings, stains, and related supplies and equipment	-	-	68/100
3rd	Akzo Nobel 1994, Amsterdam (Netherlands), Acquired	Manufacturer & supplier of decorative paints, metal, wood, powder, and other coatings	-	Triodos Investment Management, Next Venture Labs ... & 5 others	66/100
4th	Asian Paints 1942, Mumbai (India), Public	Manufacturer of industrial and decorative paints	-	-	70/100
5th	PPG 1883, Pittsburgh (United States), Public	Producer of paints, coatings, and specialty materials	-	Trian Partners, DOE & 7 others	64/100
6th	X-Rite 1958, Grand Rapids (United States), Acquired	Provider of color management solutions and measurement technologies	$155M	One Equity Partners, Sagard Holdings & 2 others	61/100
7th	Shalimar Paints 1902, Delhi (India), Public	Manufacturer of protective coatings	-	-	59/100
8th	Kansai Nerolac 1920, Mumbai (India), Public	Manufacturer of industrial and decorative paints	-	-	57/100
9th	Pidilite 1959, Mumbai (India), Public	Manufactures adhesives and sealants	-	-	56/100
10th	Jotun 1926, Sandefjord (Norway), Funding Raised	Manufacturer of paints and coating materials	-	Gov.cz	56/100

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Asian Paints has not made any investments yet. Asian Paints has made 8 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 15, 2024	Acquisition	Nanova	2015	Mumbai (India)
Feb 15, 2024	Acquisition	Harind Chemicals and Pharmaceuticals		-
Apr 01, 2022	Acquisition	Whiteteak	2016	Bengaluru (India)