History of Berger Paints India Limited

_x000D_ Incorporated in 1923 as Hadfield's (India) Limited, Berger Paints is one of India’s leading paint manufacturing companies. Hadfield's (India) Limited started its operations in India with just one factory in West Bengal. In 1947, it was acquired by British Paints (Holdings) Limited, UK and changed its name to British Paints (India) Limited. In 1983, the company was renamed as Berger Paints India Limited. Presently, the Delhi-based Dhingra brothers hold a majority stake in the company. _x000D_ _x000D_ In 1996, the company released its IPO and is currently listed on the National Stock Exchange of India Limited (NSE), BSE Limited and the Calcutta Stock Exchange Limited. Berger Paints India Limited is a part of several benchmark indices like Nifty 100, Nifty 500, etc. _x000D_ _x000D_ In 2000, the company entered the Nepal market by acquiring Jenson & Nicholson, Nepal and renamed it Berger Jenson & Nicholson, Nepal. The company entered a partnership in 2007, signing a Joint Venture with Nippon Bee Chemical Co Ltd of Japan to manufacture and sell coatings for plastic substrates utilised in automobiles and related parts. In 2012, they entered the new chemical business. The company expanded its product base year by year. _x000D_ _x000D_ As of March 2023, Berger Paints India Limited is the 2nd largest paint company in India, the 4th largest paint company in Asia and the 7th largest paint company in the world. The company has a consented manufacturing capacity of 12,72,705 Kiloliters per Metric Ton (KL-MT) with 184 warehouses. They have 29 paint manufacturing facilities, of which 25 are in India, 2 in Nepal, 1 in Poland and 1 in Russia. They have a strong distribution network of more than 60,000 dealers and retailers. _x000D_

Business Segments of Berger Paints India Limited

_x000D_ The primary business segments of the company are:_x000D_

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• Decorative Products: Under this segment, the company offers various paint products for interior walls, exterior walls, waterproofing solutions, wood finishers, metal finishers, and much more. The products include Silk Glamor High Sheen, Easy Clean, Luxol 7 in 1, Luxol High Gloss Enamel, WeatherCoat Long Life 10, Bison Wall Putty, and more. 
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• Industrial Products: Under this, the company offers products for industrial uses like general industry, which includes exterior building materials, electric home appliances, etc. They also offer powder coatings and protective coatings. 
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_x000D_ As of March 31, 2023, there are 5 wholly-owned subsidiary companies under Berger Paints India Limited. A few of them are as follows:_x000D_

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• Beepee Coatings Private Limited: This company manufactures and supplies paints, resins, varnishes, etc. 
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• Berger Jenson & Nicholson (Nepal) Private Limited: This company manufactures and sells construction chemicals and decorative and industrial coatings in Nepal.
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• SBL Specialty Coatings Private Limited: This company is in technical collaboration with a Korean company and manufactures Neostone, which is NonPTFE based Non-Stick Ceramic coatings.
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Key Personalities of Berger Paints India Limited

_x000D_ Abhijit Roy, Managing Director and Chief Executive Officer (CEO)_x000D_ _x000D_ Abhijit Roy has been the Managing Director and CEO of Berger Paints India Limited since July 2012. He started his professional career with Asian Paints Limited, and before joining Berger Paints India, he was working at L'oreal. _x000D_

Corporate Actions of Berger Paints India Limited

_x000D_ Berger Paints India Limited announced bonus shares as follows:_x000D_

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• The bonus ratio was 2:5, with an ex-date of July 15, 2016, and a record date of July 18, 2016.   
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• The bonus ratio was 1:5, with an ex-date of September 22, 2023, and a record date of September 23, 2023.   
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SWOT Analysis of Berger Paints India Limited

_x000D_ Strengths_x000D_

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• Provides various products that cater to residential and industrial consumers. 
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• Has been in the market for about 100 years. 
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_x000D_ Weakness_x000D_

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• Revenue is dependent only on the paint business. 
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_x000D_ Opportunities _x000D_

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• Offer eco-friendly products. 
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• The construction and housing industry is set to expand more, giving opportunities to the paint companies. 
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_x000D_ Threats _x000D_

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• Water is an important resource in manufacturing units, and water scarcity can delay operations.
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