Asian Paints is India's largest and Asia's second largest paint company with over 70 years of innovation in paint. It was founded in 1942 by four friends and has since grown to operate in 19 countries with 26 manufacturing facilities worldwide, serving consumers in over 65 countries. Starting from small beginnings, Asian Paints became India's leading paint company by 1967 and has remained the market leader. The company's vision is to become one of the top five decorative coatings companies globally by leveraging expertise in emerging markets and building long term value in industrial coatings through global partnerships. The Board of Directors includes the founders' families as well as independent directors with expertise in fields like banking, engineering, chemicals, and marketing.

2. Company Profile
Overview
 70 years of innovation in paint
Since its foundation in 1942, Asian Paints has come a long way to become India’s
largest and Asia’s second largest paint company, with a turnover of Rs. 155.34 billion. We operate
in 19countries and have 26 paint manufacturing facilities in the world, servicing consumers in over
65 countries.
History
 all great things start small
The company has come a long way since its small beginnings in 1942. It was set up as a
partnership firm by four friends who were willing to take on the world's biggest, most famous paint
companies operating in India at that time. Over the course of 25 years, Asian Paints became a
corporate force and India's leading paints company. Driven by its strong consumer-focus and
innovative spirit, the company has been the market leader in paints since 1967. Today, it is double
the size of any other paint company in India. Asian Paints manufactures a wide range of paints for
decorative and industrial use.
Vision
 clear goals for a clear future
Asian Paints aims to become one of the top five decorative coatings companies world-wide by
leveraging its expertise in the higher growth emerging markets.Simultaneously, the company
intends to build long term value in the industrial coatings business through alliances with
established global partners.

3. Board of Directors
Name Role
Mr. Ashwin Choksi Chairman
Mr. Ashwin Dani Non-Executive Vice Chairman
Mr. Abhay Vakil Non-Executive Director
Mr. K B S Anand Managing Director & CEO
Mr. Mahendra Choksi Non-Executive Director
Mr. Malav Dani Non-Executive Director
Ms. Amrita Vakil Non-Executive Director
Mr. Dipankar Basu Independent Director
Mr. Mahendra Shah Independent Director
Mr. Deepak Satwalekar Independent Director
Dr. S Sivaram Independent Director
Mr. S Ramadorai Independent Director
Mr. M.K. Sharma Independent Director
Ms. Vibha Paul Rishi Independent Director

4. ?WHY
 Mr. Ashwin Choksi :- His father Chimanlal Choksi was one of the co-founder of Asian
paints. He joined his family business Asian Paints in 1965.He completed his Masters in
Commerce from Sydenham,Mumbai.He served as Director, Managing Director,
Executive Chairman of Asian Paint and Non Executive Director of Berger International.
 Mr. Ashwin Dani :- His father is also the co-founder of asian paints and he has
completed bsc-pigment masters in polymor science.He joined the company as the senior
executive.
 Mr. Abhay Vakil :- His father is also the co-founder of asian paints.He has completed his
bsc from mumbai university and bs from syracuse universit,USA.He is also chairman of
Resins and Plastics, Non Executive Director of Asian Paints,Resins and Plastics
Additional & Non-Executive Director at Asian Paints.
 Mr. K B S Anand :- He is MD& CEO of asian paints since april .He served as Vice
President of Sales & Marketing at Asian Paints Ltd. He has over 33 years of experience.
 Mr. Mahendra Choksi :- He served as Managing Director of Resins & Plastics Limited
since 1973. He has considerable knowledge and experience in the Chemical Industry
particularly in 'Synthetic Resins'. He was in charge of Production, Process and
Engineering in Asian Paints Limited. He has been a Non Executive Director of Asian
Paints Limited since November 27, 1992.
 Mr. Malav Dani :- He has been the Managing Director of Hitech Plast Ltd. He has rich
experience in the paints and plastic industry and has handled "various
assignments involving in-depth industrial exposure and practical knowledge.
 Ms. Amrita Vakil :- She is completed Bachelor of Science in HR in economics and she
joined the asian paints since 2003,and from 1 may,2014.She served as executive-
director in company.

5.  Mr. Dipankar Basu :- He is retired from the SBI as chairman. He is having vast
knowledge in the field of banking,finance aand it is benefitted for company. He was
also on the Governing Boards of national level Banking Association and Institutes.
 Mr. Mahendra Shah :- He holds a Bachelor’s degree in Electrical Engineering from
University of Mumbai and a Master’s degree in Industrial Engineering from New York
University. He is Non-Executive Independent Director of Asian Paints Limited.
 Mr. Deepak Satwalekar :-He has completed his B.Tech. in Mechanical Engineering
from IIT Bombay and a M.B.A.(Finance) from American University. Mr. Satwalekar
served as Chief Executive Officer and Managing Director at HDFC Standard Life
Insurance Co., Ltd.
 Dr. S Sivaram :- He obtained his master’s degree in chemistry at IIT Kanpur in 1967,
he moved to Purdue University, Indiana, USA for his PhD.He is the Director of NCL.
He serves as a Director on the Boards of Asian Paints India Ltd, Apcotex Lattices Pvt.
Ltd. and GMM-Pfaudler Ltd.
 Mr. S Ramadorai :- He is Chairman of the Bombay Stock Exchange (BSE Limited)
and AirAsia (India) Pvt Ltd. He continues to be an Independent Director on the Boards
of Hindustan Unilever Limited, Asian Paints Limited and Piramal Enterprises Limited.
He recently retired as the Vice - Chairman of Tata Consultancy Services Ltd.
 Mr. M.K. Sharma :- He was retired in May’07 as the Vice-Chairman of Hindustan
Unilever Limited. He is currently Non Executive Chairman of ICICI Bank Limited, an
Independent Director of Wipro Limited, Asian Paints Limited and Blue Star Limited.
 Ms. Vibha Paul Rishi :- She holds an honors degree in Economics from Lady Sri Ram
College, Delhi University and a management degree from Faculty of Management
Studies, Delhi University with specialisation in Marketing. She is an accomplished
marketing evangelist with international experience in spearheading global marketing
campaigns for high-visibility consumer products. Prior to this, she was Executive
Director – Brand and Human Capital, Max India Limited.