Kansai Nerolac Paints

Last updated

Kansai Nerolac Paints Limited
Company type Public
BSE:  500165
NSE:  KANSAINER
Industry Chemicals
Founded1920
Headquarters,
Area served
India
Key people
Mr. Pravin Chaudhari (Managing Director & CEO) [1]
Products
RevenueIncrease2.svg7,893 crore (US$930 million) (2024) [2]
Increase2.svg1,561 crore (US$180 million) (2024) [2]
Increase2.svg1,176 crore (US$140 million) (2024) [2]
Total assets Increase2.svg7,410 crore (US$880 million) (2024) [2]
Total equity Increase2.svg5,599 crore (US$660 million) (2024) [2]
Number of employees
2,992 (2020) [2]
Parent Kansai Paint
Website nerolac.com

Kansai Nerolac Paints Limited (formerly known as Goodlass Nerolac Paints Ltd) is the largest industrial paint and third largest decorative paint company of India based in Mumbai. [3] [4] [5] It is a subsidiary of Kansai Paint of Japan. [6] As of 2015, it has the third largest market share with 15.4% in the Indian paint industry. [7] It is engaged in the industrial, automotive and powder coating business. [8] It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries. [9] [10]

Contents

History

Company overview

Kansai Nerolac Paints has 6 paint manufacturing plants and about 6–7 contract manufacturers. The Nerolac owned plants are at 1. Jainpur, Kanpur Dehat (Uttar Pradesh) 2. Bawal (Haryana) 3. Lote, Chiplun (Maharashtra) 4. Hosur (Tamil Nadu) 5. Sayakha (Gujarat) 6. Goindwal (Punjab) 7. Visakhapatnam (Andhra Pradesh) (Upcoming [13] )

Kansai Nerolac Paints Ltd. has entered into many technical collaborations with other industry leaders such as E.I. Du-products. [14]

The Mumbai-based company is the leader in the industrial paints segment with a market share of over 40%. [15] It is the third-largest player in the decorative paints segment with a modest market share of 13%. Nearly 75% of the Indian paints industry consists of the decorative segment. [16]

Parent company

Kansai Paint was founded by Katsujiro Iwai in Amagasaki City, Japan in May 1918. [17] Kansai Paint is a comprehensive manufacturer of paints and coatings. The Products include- Automotive Coatings, Industrial coatings, Decorative coatings, Protective coatings and Marine Coatings. [18] They are also present in U.K., Turkey, U.S., Canada, Mexico, UAE. [18]

Products and services

Technologically innovative products are the company's hallmark. Kansai Nerolac Paint offers differentiated products with a focus on being eco-friendly and healthy. [19] Kansai Nerolac Paint's key products and brands include the following:

Marketing and advertising

Kansai Nerolac has run advertising campaigns, including television commercials, with Bollywood actors including, Shah Rukh Khan & Ranveer Singh [21] and radio station Red FM..

Awards and achievements

References

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  5. "Nerolac Paints to invest Rs 400 cr on expansion". Hindustan Times. 6 May 2010. Archived from the original on 24 May 2010. Retrieved 26 September 2010.
  6. "Overseas network". Kansai Paint. Archived from the original on 10 March 2016. Retrieved 27 February 2015.
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  8. Jethmalani, Harsha (10 May 2023). "Kansai Nerolac brushes up strategy to beat competiton [sic] blues". mint.
  9. "Accumulate Kansai Nerolac Paints; target of Rs 486: Prabhudas Lilladher". Moneycontrol. 13 May 2023.
  10. "Kansai Nerolac Paints shares trade ex-bonus; stock up 8%". Business Today. 4 July 2023.
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  17. Asano, T; Komatsu, M; Yamaguchi-Iwai, Y; Ishikawa, F; Mizushima, N; Iwai, K (2011). "Distinct mechanisms of ferritin delivery to lysosomes in iron-depleted and iron-replete cells". Mol. Cell. Biol. 31 (10): 2040–52. doi:10.1128/MCB.01437-10. PMC   3133360 . PMID   21444722.
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  19. "Kansai Nerolac: Despite difficult 3rd quarter,it is well-positioned to grow". The Times Of India. 6 February 2012. Archived from the original on 24 April 2014.
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  21. "Best Media Info, News and Analysis on Indian Advertising, Marketing and Media Industry". Best Media Info. BestMediaInfo.com. Archived from the original on 18 August 2019. Retrieved 18 August 2019.
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