Asian Paints Limited | Annual Report 2018-19
Annual Report
2018-19
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Statutory Reports

Financial Statements

OUR GROUP

We are Asian Paints

  • #1

    Paint company in India

  • 3rd

    Largest paint company in Asia

  • 50+

    Years of market leadeship in India

  • 27

    Paint manufacturing facilities globally

  • 9th

    Largest paint company in the world

  • 65+

    Countriers where our products are sold

  • 16

    Countries of operation

  • ` 143,179crores

    Market capitalisation as on 31st March 2019

  • US$ 2.7+Billions

    Group revenue

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Interior Paints

Interior Paints

Royale Aspira, Royale Play Safari, Royale Play Metallics, Apcolite Premium Emulsion, Tractor Aqualock, Tractor Acrylic Distemper, Royale Luxury Emulsion, Royale Shyne, Royale Atmos, Tractor Emulsion Shyne, Tractor Emulsion, Royale Health Shield

Metal Finishes

Wood Finishes Range

Exterior Paints

Range of Tools

Adhesives

SmartCare Range of Waterproofing Products

Bath Fittings

Wardrobes

Kitchens

Nilaya Range of Wall Coverings

Services

  • Interior Paints
  • Metal Finishes (Enamels)
  • Wood Finishes Range
  • Exterior Paints
  • Range of Tools
  • Adhesives
  • SmartCare Range of Waterproofing Products
  • Bath Fittings
  • Wardrobes
  • Kitchens
  • Nilaya Range of Wall Coverings
  • Services

KEY PERFORMANCE INDICATOR

Measuring our progress - Standalone

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CHAIRMANʼS LETTER

We navigate through the ever-changing business landscape to create growth avenues for the future.

Dear Shareholders

As I sit down to pen my thoughts on the year gone by, the first thought that strikes me is that till last year, it used to be my dear friend, late Mr. Ashwin Choksi, addressing all of us through his annual letter. He was truly an amazing human being inspiring all of us to aim and achieve big and at the same time retain the humility to connect and relate with people across all strata. Always eager to learn, he would spend hours interacting with the younger generation of employees, understanding their views and drawing inspiration to keep the organisationʼs culture and imperatives relevant with times. I will always cherish and take strength from his reassuring smile in my endeavour to lead this organisation to greater heights.

Ashwin Dani

Chairman

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TRIBUTE TO OUR LATE CHAIRMAN

Mr. Ashwin Choksi

(01.06.1943 – 19.09.2018)

Mr. Ashwin Choksi, Asian Paints Limited, left for the heavenly abode on 19th September, 2018, after a brief illness.

Late Mr. Ashwin Choksi was associated with the Company since 1965. He became the Managing Director of the Company in 1984. As an Executive Chairman for more than a decade, he pioneered to imbibe the best governance standards with entrepreneurship in the Company. He stepped down as Executive Chairman of the Company in 2009 and continued to hold the position of Non-Executive Chairman since then.

A humble and down to earth individual, he led the Company without being in the limelight.

Late Mr. Ashwin Choksi was instrumental in strengthening the symbiotic relationship between entrepreneurs and professionals in the Company and promoted a culture which valued equity and fairness, thus enhancing stakeholder value. He was extremely passionate about social causes and undertook many philanthropic activities especially in the areas of education and health.

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INNOVATION

Consistent quest for innovation

Innovation has been one of our key cornerstones in our enduring journey. We remain an agile and responsive world-class innovationled organisation who is constantly adopting to evolving customer aspirations and catalysing our growth possibilities across existing and future businesses.

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BOARD OF DIRECTORS

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