India’s paint industry has seen remarkable success over the years, driven by a growth in construction activities, urbanization, and a growing emphasis on household aesthetics. You can find a staggering number of products, from decorative paints to coatings, on the market.
The India Paints and Coatings Market is estimated at $9.60 billion in 2024. It is expected to reach $15.04 billion by 2029, growing at a CAGR of 9.38% between 2024 and 2029. However, it is crucial to know that some paint companies played a big role in this massive market for paint and coatings in India.
In this article, we’ll recognize some leading paint companies in India that shaped the industry and are the key players in the Indian paint market. We’ll see their history, expansion, offerings, and achievements.
Key Features to Consider When Choosing a Wall Paint Company
The following are some factors that one should keep in mind while choosing a wall paint company:
Product Quality:
Look for a company that offers a wide range of paint types and colors, allowing you to choose the suitable paint per your needs. Ensure the paint is odorless, has a low VOC, and is made of good-quality materials.
Customer Reviews and Feedback:
A company’s services can be checked by its customer reviews and feedback. By researching the views of a company’s customers, you can check its performance, reliability, and trustworthiness.
Protection:
It is important to look out for a wall paint company whose paint not only enhances the aesthetics of your wall but also protects it from dust, dirt, and water. For this, you can go for the brands that offer waterproof and washable paints.
Affordability and Value for Money:
Last but not least, compare prices and evaluate the cost-effectiveness of the paint products offered by the companies. Make sure to go for the company that provides good value for your money without compromising on the quality of the paint.
List Of Top 10 Paint Companies in India
1. Asian Paints
Securing a market share of nearly 50%, Asian Paints has been showing its excellence in the paints and coatings industry for more than 75 years. Founded as a partnership firm by four friends in 1942, Asian Paints has gained immense success in the first 25 years and has been the market leader since 1967.
The company is ranked 1st in India and 2nd in Asia. It operates in over 15 countries and has 27 manufacturing facilities around the world. The company deals in paints for decorative and industrial uses, like interior paints, exterior paints, wood paints, and metal paints.
They also offer waterproofing, adhesives, wall coverings, modular kitchens, sanitaryware, decorative lighting, and more. Asian Paints operates in the economy via seven corporate brands, namely Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints.
| Founded in | 1942 |
| Founders | Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, and Arvind Vakil |
| Head Office | Mumbai |
| CEO | Amit Single |
| Revenue in 2023 | $4.29 B |
| Website | https://www.asianpaints.com/ |
2. Berger Paints India Ltd.
Being 2nd largest paint company in India, Berger Paints India Ltd. was established in the year 1923. Due to its quality, service, and wide range of colors, the company gained rapid popularity among households. The company is the 4th largest paint company in Asia, the 7th largest decorative paint company in the world, and the 1st in protective coatings in India.
Berger Paints offers a wide range of products, such as interiors, exteriors, enamels, wood finishes, metal finishes, waterproofing, construction chemicals, and undercoats. With their sincere dedication and hard work, Berger Paints has completed a successful career of 100 years. The company has 10 manufacturing plants in India and 5 in other countries. It also operates in Nepal, Russia, Poland, and the Middle East.
| Founded in | 1760 |
| Founder | Lewis Berger |
| Head Office | Kolkata |
| CEO | Abhijit Roy |
| Revenue in 2023 | $1.32 B |
| Website | https://www.bergerpaints.com/ |
3. Kansai Nerolac Paints
Kansai Nerolac Paints is a subsidiary of Kansai Paints Japan, established in 1918. With a market share of around 15%, Kansai Nerolac Paints is one of the most trusted paint companies in India. The company has a total of six manufacturing plants and also operates in Nepal, Sri Lanka, Bangladesh, and the Middle East.
Kansai Nerolac Paints provides these paints and products: interior wall paints, exterior wall paints, wood coatings, metal enamel paints, paint ancillary, adhesives, waterproofing, and nextgen painting services. Due to their R&D and commitment, the company is the second-largest coating company in India and a market leader in industrial coatings.
| Founded in | 1920 |
| Founder | Katsujiro Iwai |
| Head Office | Mumbai |
| CEO | Anuj Jain |
| Revenue in 2023 | 7,486 Crore |
| Website | https://www.nerolac.com/ |
4. Akzo Nobel India Ltd. (Dulux Paints)
AkzoNobel has been carrying out business in India under the brand “Dulux,” a renowned paint brand. AkzoNobel (Dulux) has a market share of around 7% and was established in 1911. The company deals in paints, decorative and performance coatings, and specialty chemicals.
It has five manufacturing units in the north, central, western, and southern parts of the country and an employee strength of approximately 1800. Being one of the top 5 paint companies in India, Dulux has a diverse portfolio and is committed to health, safety, and environmental security.
| Founded in | 1911 |
| Founder | Wiert Willem Sikkens |
| Head Office | Gurugram |
| CEO | Rajiv Rajgopal |
| Revenue in 2023 | 3,997 crore |
| Website | https://www.akzonobel.co.in/ https://www.dulux.in/ |
5. Indigo Paints
Indigo Paints embarked on its journey in 2000 and started by manufacturing low-end cement paints. As the company gained experience and expanded its expertise, new products such as interior emulsions, exterior emulsions, enamels, putties, distempers, primers, waterproofing solutions, sleek wood coatings, and other products were also introduced.
The company stands in the 5th position amongst the top paint companies in India and has a market share of around 2.5–3%. Indigo operated 5 manufacturing units in Jodhpur, Kochi, and Pudukkottai. Over two decades, the company stood out from many old companies and generated immense revenue.
| Founded in | 2000 |
| Founder | Hemant Jalan |
| Head Office | Pune |
| CEO | Hemant Jalan |
| Revenue in 2023 | 341.25 crore |
| Website | https://indigopaints.com/ |
6. Sirca Paints India
Established in 2006, Sirca Sirca Paints India Limited began its journey by reselling imported PU products from Italy and Kolkata. Today, Sirca is one of the leaders in Northern India for wood coatings, with great success in southern and western India.
The company deals in interior paints, exterior paints, wall putty, primers, finishes, wood coatings, metal coatings, and glass coatings. With a pan-India distribution network, Sirca Paints has over 300 dealers and 25 stock points. It also has 247 branches worldwide, making it one of the top paint companies in India and the world.
| Founded in | 2006 |
| Founders | Sanjay Agarwal and Gurjit Singh Bains |
| Head Office | Delhi |
| CEO | Sanjay Agarwal |
| Revenue in 2023 | 84.72 crore |
| Website | https://www.sircapaints.com/ |
7. Nippon Paint India
Nippon Paints is Asia’s top paint company, founded in 1881. This Japanese company provides its breakthrough paint technology with innovation and eco-friendliness. In 2006, they expanded their business in India with Nippon Paints India and became a popular brand in the country.
The firm focuses on developing high-quality interior wall paints, exterior wall paints, wood and metal paints, premiers, undercoats, and coatings for the automotive, marine, industrial, and ornamental industries.
Nippon Paint India operates through three production units: Bawal (Haryana), Mumbai, and Chennai. Also, in December 2023, the company acquired a 100% stake in Vibgyor Paints and Chemicals for its business expansion.
| Founded in | 1881, in India since 2006 |
| Founders | Haruta and Jujiro Moteki |
| Head Office | Coimbatore |
| CEO | Mahesh Anand |
| Revenue in 2023 | $10.14 B |
| Website | https://www.nipponpaint.co.in/ |
8. Shalimar Paint Color & Varnish Co.
Shalimar Paint Color & Varnish Co. is one of the oldest paint companies in India, founded in 1902 in Howrah, West Bengal, by two Britishers. With their dedication and hard work, the company soon became one of the leading paint brands and was the first to paint an Indian military aircraft.
The company has painted the walls of iconic structures like Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, and Salt Lake Stadium.
Shalimar Paints has three manufacturing units in Chennai, Nashik, and Sikandrabad (Uttar Pradesh). The company boasts over 50 depots, and 1 state-of-the-art R&D center, and provides services to more than 12,000 dealers. You can get various wall painting solutions for interiors, exteriors, metal, wood, and floors from Shalimar Paints.
| Founded in | 1902 |
| Founders | AN Turner and AC Wright |
| Head Office | Gurugram |
| MD | Ashok Kumar Gupta |
| Revenue in 2023 | 363.11 crore |
| Website | https://www.shalimarpaints.com/ |
9. Sheenlac Paints
Sheenlac Paints was the first company to produce non-alcoholic wood polish. Established in 1962, the company’s first factory was set up at Ambattur to manufacture thinners and wood polish. In 1977, they brought one-of-a-kind innovations to India, like packaging the products in HDPE bottles and launching NC Sanding Sealer in the Indian market.
Sheenlac Paints expanded its retail network in Kerala, Karnataka, and Andhra Pradesh. It also launched a new factory at Ambattur, started a fully automatic factory at Thirumazhisai, near Chennai, and in 2010 inaugurated a new facility at Vadakanallur, near Chennai. Also, A.R. Rehman became the ambassador of the brand.
| Founded in | 1962 |
| Founder | John Peter |
| Head Office | Chennai |
| CEO | Sudhir Peter |
| Revenue in 2023 | 656 crore |
| Website | https://sheenlac.com/ |
10. JSW Paints
JSW Paints, a part of the JSW Group, is one of the top paint companies in India due to its pan-India presence, automated manufacturing facilities, and innovation. Interior wall paints, exterior wall paints, preparation products, waterproofing, wood finish, metal finish, and application tools are some of the products and tools offered by the company.
JSW Paints has two state-of-the-art manufacturing units: Vasind, Maharashtra (industrial coating) and Vijayanagar, Karnataka (decorative coatings).
| Founded in | 2019 |
| Founder | Sajjan Jindal |
| Head Office | Mumbai |
| CEO | Sundaresan Arumbakkam |
| Revenue in 2023 | 2000 crore |
| Website | https://www.jswpaints.in/ |
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Wrapping Up:
All these top paint companies in India have built a strong presence in the market, great financial performance, customer loyalty, and quality products, boosting their growth potential and success. With their diverse portfolio, the companies won the reliability and trust of the household. From residential to commercial, the company offers solutions for every purpose. The companies play a vital role in the industry and will undeniably continue to shape the future of home and industrial painting in India.
Frequently Asked Questions (FAQs):
Which is the no 1 paint company in India?
With a revenue of over $4.2 billion in FY 2022-2023, Asian Paints is the no 1 paint company in India. Dealing with various exterior and interior paints, Asian Paints is the number one choice of people in India.
Which is the oldest paint company in India?
Shalimar Paint Color and Varnish Company is the oldest paint company in India, founded in 1902 by AN Turner and AC Wright.
Name some paint companies in India that offer washable paints.
The following are some paint companies in India that offer washable paints:
- Asian Paints
- Berger Paints
- Shalimar Paints
- Indigo Paints
- Nerolac Paints
Which is the best paint company in the world?
Sherwin Williams Co., a US-based company, is the best and leading paint company in the world, with a revenue of $22.23 billion in 2023. Founded in 1866, the company has a legacy of more than 155 years and is available in 120+ countries.
What is the market size of paint companies in India?
The market size of the Indian paints and coatings industry is estimated to be around $9.56 billion in 2024, with Asian Paints and Berger Paints India being the biggest market leaders.
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