Asian Paints is the largest paint company in India and third largest in Asia. It has over 35% market share in the organized decorative paint sector. Some of its key strengths include its large international presence through subsidiaries, strong brand recognition, and superior technologies. However, it faces competition in the industrial paint segment and changing customer tastes pose challenges. There are opportunities for Asian Paints to expand further abroad and in new sectors like automotive coatings. Threats include slowdowns, regulatory risks, and raw material price volatility.