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 $10.46 billion in 2025. 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 | $4.23 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 | $1.49 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 | $938 Mn |
| 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/ |
Read More: Best Tile Brands in India
DIY vs. Professional Painting Services: Which is Best?
When it comes to painting your home or office getting the best painters and decorators can be a daunting task since you will find it hard to determine whether to go for the DIY painting projects or engage a professional painter. Each option is good, and thus the choice between the two depends on the need, the amount of money that one is willing to spend and what you expect to gain.
DIY Painting: Pros and Cons
Pros:
Cost-Effective: DIY painting is much cheaper for you only have to pay for paint, brush and masking tape.
Control and Flexibility: This means that you can freely decide on everything from the colors, techniques and timing of when the project will be done.
Satisfaction: A DIY painting task poses some interesting and exciting benefits in case the job turns out to be a success, which, for many people who fancy hands-on work, is worth the effort.
Cons
Time-Consuming: Coating can therefore take longer than anticipated particularly for newcomers in such a process. Preparation and other coats may increase the project duration to remarkable levels.
Limited Expertise: Inexperienced workers may find it difficult to achieve a professional finish with nice, even coats.
Inconsistent Results: The final result may not be as refined as in the case of the services of an expert professional painter.
Professional Painting Services: Pros and Cons
Pros:
Expertise and Skill: Experts have the task of doing an amazing job as they possess the skills on level application and proper ground preparation.
Efficiency: A professional can finish the job in a much shorter time than it will take an amateur, and sometimes in one or two days only.
Clean and Precise: They love to employ skilled people, modern tools, equipment and techniques that make the work perfect and durable.
Cons:
Higher Cost: Professional services are often costly because they require more labour, skills and quality material than do some other services; that cost may rise with the scale of the project.
Less Control: After hiring a professional, you may have little control over the actual project although you can select your preferred color.
How Smart Coatings Different from Traditional Paints?
| Characteristics | Traditional Paints | Smart Coatings |
|---|---|---|
| Functionality | For the most part they are illustrative of a protective outer coat, and decoration, and withstand adverse effects of weathering corrosion and wear. Their main task is to protect an organisation from external influences. | These are smart coatings developed to react to stimuli from their environment like temperature, pressure, light or a change in chemical state. Some provide active properties such as healing, anti-fouling or temperature-responsive properties. |
| Self-Healing Properties | Lack what it takes to be repaired or fixed by themselves. They need reapplication or in cases where the layer has peeled off, they need to be repaired. | Can self-heal small fractures through microcapsules or polymers which release healing agents within the material when the material is already damaged. |
| Environmental Responsiveness | Generally inert and does not opt for change on account of changes in the external operating conditions. | Be able to respond to change in the organization’s environment. For instance, photochromic coatings respond to ultraviolet light, whereas thermochromic coatings react to changes in temperature. |
| Durability | They offer adequate protection and deteriorate with time and then require an overall or a reinforcement. | Frequently more long-acting, because they can autonomously restore their function and adjust the protective properties to the alterations in the environment, which reduces the frequency of cleansing and maintenance. |
| Applications | They are widely applied in construction industries, automobile industries, and industries where general purpose and appearance protection is required. | Applied to lesser extents, but finds usage in self-cleaning coatings, anti-corrosion being an aerospace component, biomedical applications, energy-saving structures and military equipment. |
| Cost | More often cheaper and easier to apply than the traditional forms of bonds. | Costlier because of the sophisticated technology and materials used to manufacture the sinks yet they prove to be cheaper in the long run because of the rarity of chances of requiring repairs in the future. |
Wrapping Up:
In conclusion, the top 10 paint companies that have a pivotal role in the Indian dynamic paint market have been presented above. These companies are: Asian Paints, Berger Paints, and AkzoNobel, among others. This industry has established very competitive brands that meet both decorative and industrial needs. Innovative-driven growth has led these companies to emphasize production in green sustainable high-performing products to meet the demand for low-volatile organic compounds and water-borne paints. The increased number of people moving into the cities and the construction of more infrastructures as well as an increasing number of middle-income households have also boosted the overall market for these companies, the latter of which keeps on expanding their networks throughout the country.
Moreover, strategic marketing, sound distribution networks and consumers have made these companies retain the market and customer dominance. Despite this, however, two characteristics that have not changed much are price sensitivity and brand reputation and equally important is the quality of products sold in the country. Consolidation is on the rise in this industry where major players buy up small regional players to leverage market and product diversification.
Since sustainability is picking up as an important theme in the global market, the larger paint and coating companies in the Indian market are on the right track to adapting to emerging issues that concern consumers as a way of staying relevant in the fast-changing market.
Frequently Asked Questions (FAQs):
1. Which are the leading paint manufacturers in India?
The major paint firms of India are Asian Paints & Berger Paints, Akzo Nobel, Dulux, Shalimar Paints, Nerolac Paints, Indigo Paints, JSW Paints, Britannia Paints and Burger Paints.
2. What range of products exists in India for paint-producing firms?
Decorative paints are one of the most important segments of the Indian paint industry along with industrial coatings, waterproofing solutions, wood finishes, metallic coatings, wall putties and specialty paints like anti-corrosion and anti-fungal paints.
3. How well are these companies doing in the market?
Some of the leading players in the paint market of India include Asian Paints and Berger Paints having very high revenue growth and a wide network along with new and advanced products. Indian paint market is expanding at a moderate pace in financial year because of urbanization, construction activities, and the growing concern for environmentally friendly products.
4. Are these companies green?
Most of the leading Indian paint firms are dedicated to sustainable solutions so they offer eco-friendly, low VOC and water-borne paints to minimize pollution and affect consumer health.
5. What are the factors responsible for the growth of paint firms in India?
The factors include the improving construction industry, the consumers’ improving standards of income, switching preference towards aesthetic and green solutions, and the boosting trend of do-it-yourself home improvement activities.
6. Are these companies into international business?
Of course the most popular paint manufacturers such as AkzoNobel and Dulux do have an international market outreach in terms of products and services. Other firms, like Asian Paints, are also venturing their operating space into the global territories.
7. What new products are being launched?
Innovational products include smart paints; self-cleaning or temperature-controlling material or self-cleaning or temperature-controlling paints, bactericidal and fungicidal paints as well as special waterproofing systems.
8. What is the role of Indian paint companies?
The paint industry plays an important role in India’s economy by being an employment sector, production of paint, exporting, and acting as an engine of growth for other industries that are construction, infrastructure and automobile sectors.
9. How much market has Asian Paints captured in the Indian market?
Asian Paints enjoys the largest market share in India and has more than 50% market share and is evident from the market analysis that it is a market leader in the decorative and industrial paint market.
10. What is the future of the Indian paint industry?
In the future, the future of the Indian paint industry will look bright mainly because there is the trend of urbanization, people’s income continues to rise and the need for superior quality and environment-friendly paint is on the rise. Scientific and technical advancements as well as sustainability concerns are expected to be central driving forces in the industry.
You may want to read this: List Of Companies Owned by Tata Group
