Asian Paints Limited | Annual Report 2018-19
Annual Report
2018-19
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Strategic Review

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

Metal Finishes

Apcolite Satin Enamel, Apcolite Gloss Enamel, Apcolite
Rust Shield, Tractor Enamel, Royale Luxury Enamel

Wood Finishes Range

Wood Finishes Range

Woodtech PU Palette, Woodtech Aquadur PU, Emporio PU, Woodtech Epoxy, Woodtech Insignia, Woodtech Touchwood, Woodtech Polyester , Woodtech Polyester Gold

Exterior Paints

Exterior Paints

Apex Ultima Protek (Base Coat & Top Coat)

Apex Ultima Protek Duralife (Base Coat & Top Coat)

Ace Shyne, Ace Exterior Emulsion, Apex Exterior Emulsion, Apex Ultima, Apex Ultima Europa

Range of Tools

Adhesives

SmartCare Range of Waterproofing Products

Bath Fittings

Wardrobes

Kitchens

Nilaya Range of Wall Coverings

Services

Services

Colour consultancy

Home painting services

Experience retail stores

Décor solutions

Projects

  • 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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MANAGING DIRECTOR'S LETTER

Todayʼs consumer is exposed to great products and services across all categories of goods and as a Company we have strived to change and evolve to meet her/his needs

Dear Shareholders

Asian Paints has succeeded in extending it’s market leadership in India for over 50 years simply because it has continuously endeavoured to change and meet the needs of the consumer of today. Today’s consumer is exposed to great products and services across all categories of goods and as a Company we have strived to change and evolve to meet her/his needs.

K.B.S. Anand

Managing Director & CEO

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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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DIGITAL PROPERTIES

Digital way forward

Our digital channels are enabling us to transform from being a brick-and-mortar business into a click-and-mortar business. Winning in a digital world is all about how you weave and create an ecosystem that is digitally connected.

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BOARD OF DIRECTORS

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CORPORATE SOCIAL RESPONSIBILITY

Partnering inclusive, equitable growth

Asian Paints believes in the power of focussed, consistent,
well‑designed sustainable initiatives to drive social transformation.

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Management
Discussion and Analysis

ECONOMIC ENVIRONMENT

Global economy

FY2017-18 was characterised by broad-based and synchronised growth across all major economies. On the contrary, FY2018-19 saw a range-bound global economic growth, largely supported by the continued strong momentum in the US economy. The growth trend, coupled with tight labour market participation, pushed the US Fed to increase its policy rates four times during the year, each time by 25 bps.

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