The Indian Paint Association (IPA) was established in 1960 by the Indian Paint Manufacturers Association and the Paint Federation to represent the organized and small-scale paint industry sectors. The top 5 paint companies in India are Asian Paints, Berger Paints, Dulux Paints, Jenson & Nicholosn, and Shalimar Paints. Asian Paints is India's largest and Asia's second largest paint company serving over 65 countries, with a market share of around 50% in the domestic decorative paint segment. The paint industry in India is expected to grow 1.5-2 times in the next five years.