1. Asian Paints is the largest paint company in India and third largest in Asia, with over 50% market share in decorative paints. 2. Founded in 1942 in Mumbai, it has grown to operate in 17 countries with 24 manufacturing facilities serving 65 countries. 3. In fiscal year 2011, Asian Paints recorded revenues of INR77,888.7 million with net profits of INR8,432.4 million, increases of 14.2% and 0.9% respectively over the previous year.