- During the World War II and Quit India Movement in 1942, a temporary ban on import of paint gave an idea to a 26-year-old Indian, Champaklal H Choksey, and his friends Chimanlal N Choksi, Suryakant C Dani and Arvind R Vakil to start a manufacturing paint at home.
- Today Asian Paints Market Cap is USD15billion.
- Its product portfolio comprises paints, water proofing material, wall coverings and adhesives.
- According to a research report by JP Morgan, healthy domestic demand aided by rural recovery, improved overseas operations, extensive distribution reach and product innovations offers positive revenue growth outlook in 2018-19
Stock Price as on Jul 5, 2002: Rs.24.06
Stock Price as on Oct 31,2018: Rs.1197.45
Stock Price Chart from 5/7/2002 to 31/10/2018 (Source NSE)
AWARDS AND RECOGNITIONS
2018:
- Ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2018.
2017:
- Ranked Indian company in the “Forbes Most Innovative company List” in 2017 (Ranked 8th in the world).
- Included in the list of India's Super 50 companies by Forbes India (August 2017 issue)
2016:
- ‘Outstanding Company of the year’ award for 2016 - ‘CNBC TV18 - India Business Leader Awards’.
- Top Ranked Indian company in the “Forbes Most Innovative company List” in 2016 (Ranked 18th in the world)
2015:
- Felicitated as one of the Most Impactful Companies of the Decade by CNBC Awaaz in Jan 2015
- Included in the list of India's Super 50 companies by Forbes India (July 2015 issue).
2014:
- Included in Forbes Magazine's - Asia's Fab 50 List of companies in 2014.
2013:
- Included in Forbes Magazine's - Asia's Fab 50 List of companies in 2013.
2012:
- Included in Forbes Magazine's - Asia's Fab 50 List of companies in 2012.
- Presented the Asian Centre for Corporate Governance & Sustainability Award for the Best Governed Company in 2011.
2011:
- Mr. P M Murty, the then MD & CEO, Asian Paints received the 'CEO of the Year' award from Business Standard, one of India's leading business dailies (March 2011).
- Receives the Best Audit Committee Award from the Asian Centre for Corporate Governance & Sustainability (Feb 2011).
- Included in Forbes Magazine's - Asia's Fab 50 List of companies in 2011.
(Source : www.asianpaints.com, www.nseindia.com, www.asianpaints.com, wikipedia)
DISCLAIMER : THIS BLOG IS FOR INFORMATION AND NOT TO SOLICIT ANY BUSINESS. PAST PERFORMANCE IS NOT AN INDICATION OF THE
PERFORMANCE OF STOCK IN FUTURE.
