From reimagining living spaces to
expanding our footprint in the home décor ecosystem,
our journey remains rooted in purposeful growth,
guided by a passion for creating beauty that lasts and
bringing joy to people’s lives.
We elevate everyday living by transforming spaces into
reflections of joy and aspiration. Through innovative products
and holistic décor solutions, we empower customers to create
vibrant, functional, and sustainable homes—delivering value,
inspiring creativity, and setting new standards in quality
and design.
Evolve
Embracing change is integral to our journey as we continually
evolve-adapting to emerging trends, integrating cuttingedge
technologies, and expanding our offerings to meet the
dynamic needs of our customers. Guided by the AP Charter
and our ESG principles, we ensure responsible growth through
environmental care, social equity, and strong governance.
Engrave
We engrave lasting impressions by embedding our core
values into every aspect of our operations. Through strong
relationships, sustainability, and social responsibility, we
create meaningful connections and make a positive impact
that endures.
ESG commitments
We emphasise long-term sustainability, and we know that attaining this objective requires robust and steady ESG performance. By upholding a consistent emphasis on Environmental, Social, and Governance aspects, we strive to guarantee that our endeavours provide favourable outcomes.
As we grow our business, we
remain committed to making a
positive impact on nature through
integrating sustainability into our
operations and product portfolio.
SOCIAL
SYNERGISING
RELATIONSHIPS
Our mission is to promote
societal well-being by upholding
human rights, implementing
fair labour practices, promoting
diversity and inclusion, and
developing communities.
GOVERNANCE
STRONG
GOVERNANCE
We remain committed to
transparency. Our robust
governance principles empower
our Board and management team
to provide effective oversight and
facilitate informed decision-making.
Taking forward the legacy of Asian Paints to cater to
a wide cross-section of customers across geographies
and bring delight to millions of households.
Regions
Asia
Middle East
Africa
South Pacific
` 3,066.4 Crores
Contribution of revenue from
sale of products and services
^Excluding PPGAP revenues as it is an Associate Company.
Our products and services
Building
on
our
established
history
of
innovation,
Asian
Paints
provides
acomprehensive
suite
of
decorative
solutions
for
the
entire
home.
Our product portfolio
encompasses both Decorative and Industrial paints, each meticulously formulated to
meet the diverse requirements of all interior and exterior wall applications and a wide
range of home décor solution.
It is a privilege to address you once again this year, as the Chairman of the Board of Directors of this esteemed organisation. In a year when my engagement with the Company increased, I have come to admire even more the organisation’s strong legacy, its undiminished potential for continued leadership of the industry as well as the unfailing support of our stakeholders.
As I pen this letter to you all, one word that comes to my mind to aptly describe the year, 2024-25 is ‘Challenging’.
It has been a challenging and rigorous year for the entire domestic coatings industry despite the steady levels of overall economic activity in the country. The year saw further tapering of demand, continuing from a similar trend in the previous year. As a result, the coatings industry recorded a revenue decline, ranging from low single-digit degrowth to a flat performance for the year.
Nilaya Anthology is our bold step
towards redefining luxury and
experiential retail in India. It’s not
just about how homes look—
it’s about how they feel and the
stories they hold.
Chromacosm is a reflection of
our commitment to creativity
and excellence in the field of
colour technology. It offers an
unparalleled range of shades to
empower designers and inspire
imagination.
Progress that lasts is built
with intention. We are
embedding environmental
responsibility, social impact
and governance rigour into
the way we operate, keeping
us future-ready, accountable
and in sync with a world that
expects more.
At Asian Paints, sustainable operations are a key pillar of our ESG strategy, guiding our efforts to reimagine processes with a strong focus on environmental responsibility. We are dedicated to optimising resource consumption, improving energy and water efficiency, minimising waste, and embracing circularity across our manufacturing processes. Continuous innovation and a deep-rooted culture of environmental stewardship enable us to build operations that are both resilient and future-ready.
FY 2024-25 HIGHLIGHTS
57.6%
Electricity comes from
renewable sources
at decorative paint
manufacturing plants
478%
Water replenished
equivalent to
annual freshwater
consumption at our paint
manufacturing plants
At Asian Paints, we view relationships - whether
with our people, our customers, or the communities
we serve - as the foundation of sustained
impact. We remain deeply attuned to customer
aspirations, delivering thoughtful innovation and
seamless experiences. Within the organisation,
we foster a culture of inclusion, well-being, and
continuous learning that empowers individuals to
grow with purpose. In our communities, we drive
meaningful change through focused efforts in water
stewardship, healthcare, and skilling, underpinned by
strong partnerships and measurable outcomes.
FY 2024-25 HIGHLIGHTS
11,111
Total on-roll
employees FY 24: 9,482
196,000+
Employee
training hours FY 24: 183,000+
950,000+
Participants trained
at Beautiful Homes
Academy FY 24: 680,000+
Our governance philosophy reflects a proactive,
future-focused approach rooted in ethical conduct and
transparency. At Asian Paints, we view governance not
merely as a regulatory requirement, but as an essential
enabler of sustained leadership and trust. We remain
fully compliant with all applicable laws and consistently
aim to exceed traditional benchmarks, ensuring we are
counted among India’s most well-governed companies.
FY 2024-25 HIGHLIGHTS
5 out of 6
Committees chaired by
Independent Director
50%
Independent Directors as
on 31st March, 2025
40%
Time spent by the Board
of Directors on matters
of strategic importance
100%
New suppliers
screened based on our
Environmental and
Social criteria@
ESG STRATEGY
World-class governance
Ethics, transparency, quality
and accountability
Sustainable supply chain
management
UN SDGS IMPACTED
Stakeholder Engagement
We believe that building strong, collaborative relationships with stakeholders across the value chain is key to informed and effective decision-making. Through continuous engagement and a clear focus on their priorities, we create a dynamic environment that drives growth, innovation and transformative progress.
Sharper focus. Stronger footing. As markets evolve and ambitions rise, we stay attuned to the signals - reading between the lines, scaling with intent, and shaping outcomes that matter.
Integrated Annual Report 2024-25
