Berger Paints

Last updated

Berger Paints
Company type Public
ISIN INE463A01038
Industry Chemicals
FoundedDecember 17, 1923;100 years ago (1923-12-17)
Headquarters
Kolkata, West Bengal
,
India
Key people
Products
RevenueIncrease2.svg₹10,619 crore (US$1.3 billion) (2023) [1]
Increase2.svg₹1,223 crore (US$150 million) (2023) [2]
Increase2.svg₹859 crore (US$110 million) (2023) [3]
Total assets Increase2.svg₹7,967 crore (US$1.0 billion) (2023) [4]
Total equity Increase2.svg₹4,494 crore (US$560 million) (2023) [5]
OwnersDhingra family (75%)
Number of employees
3,600 (2020)
Website bergerpaints.com

Berger Paints Ltd is an Indian multinational paint company, based in Kolkata. [6] This company has 16 manufacturing units in India, [7] 2 in Nepal, 1 each in Poland and Russia. [8] It has manufacturing units at Howrah and Rishra, [9] Arinso, Taloja, Naltoli, Goa, Devla, Hindupur, [10] Jejuri, [11] Jammu, [12] Puducherry and Anand. The company has presence in five countries – India, Russia, Poland, Nepal and Bangladesh. It has an employee strength of over 3,600 and a countrywide distribution network of more than 25,000 dealers. [13]

Contents

History

European

In 1760, Louis Berger started a dye and pigment manufacturing business in England, which later changed to Louis Berger & Sons Limited. In 1770, Louis Steigenberger shifted from Frankfurt to London to sell a Prussian blue colour, which was made using his own formula. He perfected this process & art of the blue colour, which was the colour of most military uniforms of that time. He then changed his name to Lewis Berger. By 1870, Berger Paints was selling 19 different pigments such as black lead, sulphur, sealing wax and mustard. After his death, his sons took over the business. [14] [15] [16] [17] [18] In the UK, the company, which by then was known as Berger, Jenson and Nicholson, was acquired by Hoechst AG in 1970 and by Williams Holdings in 1988. [19]

Indian subcontinent

On 17 December 1923, Mr. Hadfield set up Hadfield's (India) Ltd., a small paint company in Calcutta. [16] Towards the end of 1947, British Paints acquired Hadfield's (India) Ltd and thus British Paints (India) Ltd was incorporated in the State of West Bengal. [20] In 1951, sales offices were opened in Delhi and Bombay and a depot was started in Guwahati. In 1969, Berger Jenson Nicholson Limited, UK bought British Paints (India) Ltd. This marked the beginning of Lewis Berger's legacy in India. [20] In the year 1973, D. Madhukar took over as the managing director. Sales figures reached over ₹16 crore by 1978. [21] The 80s, and the 90s, saw the launch of many new products such as emulsions and distempers. In 1991, UB Group sold the company to Kuldip Singh Dhingra, a shopkeeper from Amritsar, and Gurbachan Singh Dhingra. [22] [23] Subir Bose took over as managing director on 1 July 1994. [24] Bose retired on 30 June 2012, handing over the company to Abhijit Roy, the current managing director. [25]

In March 2013, Berger Paints acquired Mumbai-based architectural paints division of Sherwin-Williams. [26] In 2021, Berger Paints set up their plant in Sandila, Uttar Pradesh. [27]

Pakistan

On 25 March 1950, Berger Paints Pakistan Limited was incorporated in Pakistan. In 1955, the Karachi factory was established. In 1974, Berger Pakistan became a public limited company. In 1974, Berger Pakistan 50.62% shares were held by Jenson & Nicholson Limited (U.K. parent company), 49.38% shares were held by Pakistani investors. In 1991, Slotrapid Limited, a British Virgin Island company, acquired control of Berger Paints Pakistan Limited by purchasing 50.62% shares of the company. [14] [15]

Bangladesh

In the geographical region of Bangladesh, Berger Paints were imported from Berger UK and then from Berger Pakistan. In 1970, the Kalurghat, Chittagong factory was inaugurated. In 1980, the name of the company changed from J&N (Bangladesh) Limited to Berger Paints Bangladesh Limited. [17] [18]

Operations

Apart from operations in Russia and a production facility at the Berger manufacturing unit at Krasnodar, Berger Paints India also has an operational unit in Nepal. They have also acquired Bolix SA of Poland, a provider of External Insulation Finishing Systems (EIFS) in Eastern Europe. [28] [29]

Related Research Articles

<span class="mw-page-title-main">Cipla</span> Indian multinational pharmaceutical company

Cipla Limited is an Indian multinational pharmaceutical company headquartered in Mumbai. Cipla primarily focuses on developing medication to treat respiratory disease, cardiovascular disease, arthritis, diabetes, depression, and various other medical conditions. Cipla has 47 manufacturing locations across the world and sells its products in 86 countries. It is the third-largest drug producer in India.

<span class="mw-page-title-main">Larsen & Toubro</span> Indian multinational conglomerate company

Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in engineering, construction, manufacturing, technology, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.

<span class="mw-page-title-main">Black Box Corporation</span> US technology company

Black Box is an IT company headquartered in Texas, United States. The company provides technology assistance and consulting services to businesses in a variety of sectors including retail, transportation, government, education, and public safety. Black Box operates in 75 locations across 35 countries. In 2022, Black Box had more than 3,800 employees worldwide.

<span class="mw-page-title-main">Williams Holdings</span>

Williams Holdings was a major British conglomerate. It was listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Kansai Nerolac Paints</span> Paint company in India

Kansai Nerolac Paints Limited is the largest industrial paint and third largest decorative paint company of India based in Mumbai. It is a subsidiary of Kansai Paint of Japan. As of 2015, it has the third largest market share with 15.4% in the Indian paint industry. It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.

Unichem Laboratories is an Indian pharmaceutical company, headquartered in Mumbai. It manufactures and markets pharmaceutical formulations across the globe, including the regulated markets of the USA and Europe.

<span class="mw-page-title-main">Clariant Chemicals India</span>

Clariant Chemicals India Ltd is a specialty chemicals manufacturing company from the Indian state of Maharashtra. The India office is headquartered in Thane. The main business activity of Clariant Chemicals (India) involves manufacture of specialty chemicals for domestic and industrial use. It manufactures and markets textiles, leather, paints, plastic, printing inks, and agrochemicals products in India. It has presence in many international markets. The company also ran a pigments business which was integrated into the Heubach Group.

<span class="mw-page-title-main">ISGEC</span> Indian heavy engineering company

ISGEC Heavy Engineering Ltd is an Indian heavy engineering company. Established in 1933 as Saraswati Sugar Syndicate, the company held a revenue of ₹5,477 crore (US$690 million) in 2021 with exports of approximately 91 countries. It was ranked 252 in the ET 2021 listing, and 253 in the Fortune India 500 Listings.

<span class="mw-page-title-main">Zylog Systems</span> International information technology company

Zylog Systems Limited (ZSL) is an international information technology company publicly listed on the National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE). Zylog is headquartered in Chennai, India and Edison, New Jersey, United States.

Gateway Distriparks Limited is an Indian logistics company based in Mumbai with three business verticals: Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement and Cold Chain Storage & Logistics. The company was founded in April 1994 and originally promoted by Newsprint Trading & Sales Corporation (NTSC), CWT Distribution Limited, NUR Investment and Trading Pvt. Ltd. and Intercontinental Forest Products Pte. Ltd. (IFP) as a joint venture company to conduct the business of warehousing, container freight stations and all related activities. As of November 2015, Prism International Private Limited is the sole promoter of the company.

Shree Ganesh Jewellery House (I) Ltd. (SGJHL) is a Kolkata-based jewellery company founded in 2002. The company is one of the largest manufacturers and exporters of handcrafted gold jewellery in India.

<span class="mw-page-title-main">Pricol</span> Indian manufacturing and engineering company

Pricol Limited is an automotive components and precision engineered products manufacturer based in Coimbatore, India. It was founded in 1972 by the late V.N. Ramachandran and N.Damodaran, but started production in 1975. It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors and off-road vehicles used in the construction and Industrial segment. Pricol also manufacture sintered components and products for fleet management. Vijay Mohan is the founder, Vikram Mohan is the Managing Director and Vanitha Mohan is the Chairman.

<span class="mw-page-title-main">Srirampore subdivision</span> Subdivision in West Bengal, India

Srirampore subdivision is an administrative subdivision of the Hooghly district in the state of West Bengal, India.

Asian Paints Ltd is an Indian multinational paint company, headquartered in Mumbai, Maharashtra, India. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing related services.

<span class="mw-page-title-main">Hester Biosciences</span> Indian Pharmaceutical company

Hester Biosciences Limited (HBL) is a publicly traded Indian animal and poultry vaccines manufacturing company, headquartered in Ahmedabad. Hester has plants situated in Gujarat and Nepal. Hester has a 30% share of the poultry vaccines market in India, making it the country's second largest poultry vaccine manufacturer. Hester is also the first commercial manufacturer of goat pox vaccine in India and manufactures PPR vaccines from both, Nigerian and Sungri strains.

<span class="mw-page-title-main">BLS International</span> Indian outsourcing service provider

BLS International is an Indian company headquartered in New Delhi. It was founded in 2005.

Hindustan National Glass & Industries Limited (HNGIL) is an Indian container glassmaker based in Kolkata. The company is the largest and one of the oldest glass manufacturing companies in India.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India. As of July 2020, the company operates a cumulative network of 12,200 circuit kilometers, and more than 3,200 circuit kilometers are under various stages of construction.

<span class="mw-page-title-main">Indigo Paints</span> Indian paint company

Indigo Paints Limited is an Indian paint company that is headquartered in Pune, Maharashtra, and has five manufacturing facilities that are located at Jodhpur, Kochi and Pudukkottai. The company is engaged in manufacturing, selling and distribution of decorative paints, Emulsion, enamels, waterproofing & chemical constructions, wood coatings, distemper, primers, putties and cement paints.

References

  1. ↑ "Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts". moneycontrol.com.
  2. ↑ "BSE Ltd. (Bombay Stock Exchange) | Live Stock Market updates for S&P BSE SENSEX, Stock Price, Company News & Results". www.bseindia.com.
  3. ↑ "Berger Paints India Consolidated Profit & Loss account, Berger Paints India Financial Statement & Accounts". www.moneycontrol.com.
  4. ↑ "Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts". moneycontrol.com.
  5. ↑ "Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts". moneycontrol.com.
  6. ↑ "Berger Paints India Q3FY16 standalone net profit rises 38% yoy to Rs. 101 crore : Misses Estimates". www.indiainfoline.com. Retrieved 21 April 2020.
  7. ↑ "Berger Paints India Ltd" – via Business Standard.
  8. ↑ "Berger Paints India Stock Price, Share Price, Live BSE/NSE, Berger Paints India Bids Offers. Buy/Sell Berger Paints India news & tips, & F&O Quotes". moneycontrol.com.
  9. ↑ "Berger Paints plans ₹60 cr. for Howrah, Rishra units". The Hindu. 4 August 2017. ISSN   0971-751X . Retrieved 2 March 2018.
  10. ↑ "Berger Paints opens Hindupur plant in Andhra Pradesh". The Economic Times. 2014. Retrieved 2 March 2018.
  11. ↑ "Berger Paints commences production at Jejuri plant". @businessline. Retrieved 2 March 2018.
  12. ↑ "Berger builds paint plant in Jammu & Kashmir" . Retrieved 2 March 2018.
  13. ↑ "Berger Paints unveils new initiative for residential buildings". thehindubusinessline.com. 16 September 2015.
  14. 1 2 "Berger Paints Pakistan Limited".
  15. 1 2 Hussain, Dilawar (26 September 2016). "Painting the future bright". DAWN.COM. Retrieved 2 April 2022.
  16. 1 2 "Berger Paints India Limited".
  17. 1 2 "History and Milestones - Berger Paints Bangladesh". 26 April 2021. Retrieved 2 April 2022.
  18. 1 2 "Berger Paints Bangladesh Limited".
  19. ↑ "Berger, Jenson and Nicholson, Paint Makers Records". National Archives. Retrieved 23 March 2024.
  20. 1 2 "The Economic Times". indiatimes.com.
  21. ↑ "Berger Paints India > Company History > Paints & Varnishes > Company History of Berger Paints India – BSE: 509480, NSE: BERGEPAINT". moneycontrol.com.
  22. ↑ Karmali, Naazneen. "Dhingra Brothers Of Berger Paints Enter Ranks Of India's Richest As Shares Soar". forbes.com.
  23. ↑ Bhasin, Sonu. "How Kuldip Singh Dhingra, a 'shopkeeper' from Amritsar, bought Berger Paints from Vijay Mallya". Scroll.in. Retrieved 22 February 2023.
  24. ↑ "Stocks". bloomberg.com. 20 May 2023.
  25. ↑ indiainfoline.com. "Abhijit Roy, Chief Operating Officer, Berger Paints India Ltd". indiainfoline.com.
  26. ↑ Somvanshi, Kiran Kabtta. "Berger Paints: Sherwin Williams unit buy is a strategic fit". The Economic Times. Retrieved 2 April 2022.
  27. ↑ "Berger's new unit at Sandila to help improve margins, profitability". The Hindu BusinessLine. 7 February 2023. Retrieved 23 March 2024.
  28. ↑ Reporter, B. S. (30 April 2008). "Berger Paints acquires Polish firm for Rs 154 cr" – via Business Standard.
  29. ↑ "Berger Paints India to set up plant in Russia – The Economic Times Video – ET Now". indiatimes.com. 19 February 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.