Top 10 paints companies in India

India the land of rich culture is filled with arts and architecture since ancient times, eventually, the obsession of making home nothing less than a palace is increasing day by day. India is now known to have the biggest paint industry, however, before the British raj, India was only familiar with two types of paint, the one is mud painting, and another is whitewash (china painting), which was only found on pakka house.

But now, as the culture has changed over time, the demand for house renovation also changed. People start using paints, using home interiors and adding other things to keep up with the lifestyle. Eventually, paints have now become an integral part of the infrastructure.

So, the Indian paint industry is full of choices when it comes to paints, and it has been estimated that the domestic paint industry is around Rs 50,000 Cr industry. Further, it is also estimated that the paint industry is growing at a very fast speed. If you are looking for the best paint for your home, here is the list of top 10 paint companies in India:

1. Dulux Paints Limited

Deluxe paints, which is also known as Akzo noble limited, is present in India for around 60 years. Today, its market is around all over India. Deluxe Paints was founded in the year 1993, its headquarters is in Amsterdam. It has a wide range of products, and its innovative product produces around 99 shades. The company has 5 operating sites around India with offices. Here are the finical details of the company:

• Total Sales: Rs 2,842 Cr
• ROE: 15.97 %
• Sales Growth (3Yrs): 3.40 %
• Promoter holding: 74.76 %
• Debt to equity: 0.07
• Price to book value: 7.93

2. Indigo Paints

Indigo is an Indian paint company founded in 2000. Its headquarters is in Pune, Maharashtra. Its founder is Hemant Jalan. Indigo paints limited produces paint for residential and commercial sectors, and its distributors are present all over India. The company is India's fastest growing manufacturer, the company also manufactures cement paints including a wide variety of paints like decorative paints, emulsion, primers, and putty. Its brand ambassador is Mahindra Singh Dhoni. The company has created a unique position in chemical industries and it is also a public industry, here are the details of Indigo paints:

• Type: Public
• Founded in: 2000
• Headquarters: Pune, Maharashtra
• Revenue: 600 crores
• Number of employees: 650

3. Asian Paints

Asian paints is one of the leading brands in India, it is ranked first all over India, and four partners founded the company in 1942. Asian paints is now India's leading paint company, Asian paints produce a wide range of products from coating paints to decorative paints and even emulsions. Further, the company has its subordinate operator in 15 countries, the company serves its products in around 60 countries and employs up to 5 thousand consumers. Total Sales is around Rs 22,044 Cr. The other details are as follows:

• ROE: 23.98 %
• Sales Growth (3Yrs): 10.66 %
• Promoter holding: 52.79 %
• Debt to equity: 0.03
• price of book value: 16.56

4. Berger

Berger paint is also one of the leading brands among paint companies in India. Its headquarters is in Kolkata. Berger has around 4 thousand employees and also has 16 strategic manufacturing units across India. It also has 162 stock points.

Further, the company is a leading manufacturer of finished products in chemical and other industries. It produces a wide range of products from decorating paints to emulsion paints. Here is the list of financial details of this brand:

• Total Sales: Rs 6,869 Cr
• ROE: 21.00 %
• Sales Growth (3Yrs): 12.80 %
• Promoter holding: 75.00 %
• Debt to equity: 0.40
• Price to book value: 18.9

5. Kansai Nerolac Paints

Kansai Nerolac paints was founded in the year 1920. Its headquarters is in Mumbai, Maharastra. It has a wide range of products from decorative paints to coating paints. It also develops and supplies paints. Its brand ambassador is  Sharukh khan. The company is mainly based in Japan, here is the list of financial details of the company:

• Total Sales: Rs 5793 Cr.
• ROE: 13.38 %
• Sales Growth (3Yrs): 12.92 %
• Promoter holding: 74.99 %
• Debt to equity: 0.05
• Price to book value: 7.89

6. Nippon Paint Pvt Ltd

Nippon paint is from japan and has over 138 years of experience in the paint industry. It is a leading brand in the paint industry. The company is known for its wide range of products, from decorating products to emulsion paints. Brother Harurta and Jujirio founded the Nippon paint in 1881. It stands fifth in the top 10 paint companies, headquartered in Osaka, Japan.

7. Shalimar Paints Pvt ltd:

Shalimar paints (colors and varnish company) was established in 1902 in Howrah, Kolkata, India. Its subordinate manufacturing company was in Nashik, Maharashtra. Its third operating company is in UP. Shalimar paints is widely famous for its unique range of paint varieties. Shalimar soon becomes the country's leading paint brand. The company is widely used in India’s iconic structures like Rashtrapati Bhavan, Howrah Bridge, Vidyanagar Setu, and Salt Lake Stadium. It was founded by two brothers founded and is also the first to paint Indian aircraft for the army. The company also provides a wide range of products from coating paints to emulsion paints; here is the list of financial detail of the company:

• Total Sales: Rs 332 Cr
• ROE: -29.76 %
• Sales Growth (3Yrs): -9.17 %
• Promoter holding: 53.10 %
• Debt to equity: 0.45
• Price to book value: 1.40

8. Sheenlac paints ltd:

Sheenlac paints is an Indian paint company founded in 1962 by Mr. John Peter. Its headquarters is in Chennai, India. The company is one of the best companies in the paint industry. The company manufactures and distributes paints. It is the first company to produce wood polish products for decoration. It also produces a wide range of products and around 2,000 shades. The company is known for its quality and service. Here are some financial details of the company.

• Total Sales: Rs 2,869 Cr
• ROE:18.00 %
• Sales Growth (3Yrs): 12.80 %
• Promoter holding: 50.00 %
• Equity debt: 0. 50
• Price to book value: 18.9

9. British paint company

British paint company is another one of the best paint companies in India. The company is famous for its quality and premium variety of shades. Apart from this, the brand is famous for its customized painting services as a part of its sales service. The company is best known for its decorative shades, this brand provides a wide range of shades, so it is easy to have the paint of your choice. Here is the list of financial details of the company:

• Total Sales: Rs.726 Cr
• Dividend Yield: 0.00 %
• ROCE: 34.6 %
• ROE: 18.6 %
• Face Value: Rs. 10.0
• Promoter holding: 44.0 %
• Debt to equity: 0.02

10. Snowcem Paint:

The company is one of the best paint companies in India, which is leading in the Indian paint market and provides a variety of paints and manufactures cement-based paints for masonry exteriors. The company was founded in Mumbai in 1959 and launched many products in 2008. Since then the company sustained the growth of the construction industry in India coupled with the launch of several new products that allowed the company to remain independent. Snowcem Paints has been ranked in the Tenth position out of the top 10 paints companies in India in 2021 and its headquarters is in Mumbai; here are the details of the company:

• Founded: 1959
• Founder: George Lillington
• Headquarter: Mumbai
• NOE: 10,000
• ROE: 15%
• Equity: 0.01
• Revenue: 500 Cr