Berger Paints (India) Ltd:
Berger Paints (India) Ltd, is offering paint and related products and services for domestic and industrial purposes in India. It's the second-largest paint manufacture of the nation.
The company has been offering several paint products such as wall coatings for exterior and interior both including interior emulsions, designer finishes, and exterior emulsions and more. along with wood and metal paints and undercoats such as metal primers, putty and more. Recently the company has started manufacturing automotive coatings and GI along with providing services regarding waterproofing solutions.
The company is headquartered at Kolkata, having a distribution network of 110 stock points along with a wide range of more than 25, 000 dealers with international interventions in Russia, Poland, Bangladesh and Nepal. Company's manufacturing plants are there in West Bengal, Jammu & Kashmir, Uttar Pradesh, Pondicherry and Goa. Berger Paints (India) Ltd., a subsidiary of U. K. Paints India Pvt. Ltd.,was incorporated in 1923, with the name Hadfields (India) Ltd.
About Company Information:
Hadfield's (India) Ltd, after 24 years from its inception in 1923, was acquired by British Paints Holdings, resulting in the change in the company's name to British Paints India Ltd in 1947. The company was acquired by Celanese Corporation, the USA in 1965. In 1969 the company was bought by Berger Jenson Nicholson Limited, UK and it was renamed as Berger Paints (India) Ltd. in 1983, which is sustained to till date. A merger took place between the company and Rajdoot Paints Ltd. in 1999. Jenson & Nicholson Nepal Pvt. Ltd., a complete subsidiary of Jenson & Nicholson India Ltd. had been renamed as Berger Jenson & Nicholson Nepal when cent present of the share of that company was acquired by Berger Paints (India) Ltd. ICI India's Motors & Industrial paints business was acquired by Berger Auto & Industrial Coatings Limited in 2001-02.
For establishing up a paint manufacturing facility in Russia, the company invested in Berger Cyprus, in February 2005. The company commenced manufacturing at Jammu's newly developed 2400 MTPA powder coating plant in 2005-06. The resin plant at Jammu with a capacity of 9,000 MTPA started manufacturing in April 2007.
Bolix SA, a Poland-based External Insulation Finishing Systems company was acquired by Berger India Pvt Ltd. in August 2008, just a year before announcing the decision of developing a water-based paint plant with a capacity of 1 MTPA on South India, in August 2009. The company publicly notified that the architectural operations of Sherwin Williams Paints India Private Limited would be acquired by Berger Paints India. A new paint manufacturing facility had been launched in Hindupur, Andhra Pradesh on January 2014, Maharashtra-based powder coating plant was started for the commercial production May 2015.
An announcement came in from the company's side regarding its decision for developing a mixing plant, having a capacity of 2,400 KL per annum in September 2016. An MoU had taken place between the company and Promat International Limited NV of Belgium, regarding the potential insulation coatings and other fire protection issues in India, Nepal and Bangladesh. The production, as well as the distribution of plenty of variations of fire-resistant, from lightweight to thick and weighty accordingly the size and shapes of the base, would be enriched by the MoU.
An MoU was signed between Japan's Chugoku Marine Paints, Ltd. and the company for intervening the marine sector and corresponding paint market of India, in April 2016.
The Board of Directors of the company took a firm decision in 2018. Water, as well as a solvent-based decorative integrated paint manufacturing centre, was decided to be opened at Uttar Pradesh's Industrial Area in Uttar Pradesh, with an investment of atlases Rs.200 crores. The plant has been designed to produce several subsidiary objects of painting such as protective coatings, putty, emulsion, resin etc. This is currently the most important project the company is going through. The net profit and operating profit of the company in FY 18 was Rs.432 crores and 743 crores, respectively.
How Berger Paints (India) Ltd is categorised as Paint Sector and Paints/ Varnishes Industry:
The paints sector includes companies that derive its business that deals with paint products. Paint sector is mostly based on raw material intensive and as the raw materials are petroleum-based, the pain sector benefits from decreasing crude prices.
Berger Paints (India) Ltd is categorised as Paint Sector and Paints /Varnishes Industry. The paint industry's two main products are Decorative and Industrial paints. Paints are generally made up of pigments. As the housing sector is booming with rapid urbanization and easy housing loans, the demand for decorative paint and varnish is rapidly increasing. An average increase in growth of about 10% in the automobile sector offers an average growth in industrial paints segment too.
Berger Paints (India) Ltd, Competitors and Sector Peers:
Akzo Nobel India Ltd. ICIIN
Bombay Paints Ltd.[Merged] BOMPAI
Jenson & Nicholson (India) Ltd. JENS
Kansai Nerolac Paints Ltd. KANNER
Sarika Paints Ltd. SARPAI
Shalimar Paints Ltd. SHAPAI
SIL Business Enterprises Ltd. SILBUS
Sirca Paints India Ltd. SIRPAI