Berger Paints India

Berger Paints India Limited
Public
Traded as BSE: 509480
NSE: BERGEPAINT
Industry Chemicals
Founded 1760 (United Kingdom)
1923 (India)
Founders Lewis Berger
Headquarters Kolkata, West Bengal, India
Area served
 India
Key people
 Kuldip Singh Dhingra (Chairman)
Gurbachan Singh Dhingra (Vice Chairman)
Abhijit Roy (MD)
Products Basic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings
Revenue ₹4,687 crore (US$700 million) (2016)[1]
₹655 crore (US$97 million) (2016)[1]
Profit ₹369 crore (US$55 million) (2016)[1]
Total assets ₹1,802 crore (US$270 million) (2016)[1]
Number of employees
 2,800 (2016)[1]
Website www.bergerpaints.com

Berger Paints India Limited (BSE: 509480, NSE: BERGEPAINT) is an Indian chemicals company that is engaged in decorative paints, performance coatings and specialty chemicals.[2] Headquartered in Kolkata it has 10 manufacturing units and over 110 stock points. The company also has an international presence in 4 countries – Russia, Poland, Nepal and Bangladesh.[3] With employee strength of over 2,800 and a countrywide distribution network of 25,000+ dealers, Berger is established in the sector with a varied portfolio of paints and tailor-made customer services.[4]

History

In 1770, Louis Steigenberger moved from Frankfurt to London to sell a Prussian blue colour, which was made using his own formula. He then changed his name to Lewis Berger and by 1870 Berger Paints was selling 19 different pigments, including black lead, sulphur, sealing wax and mustard. After the demise of Lewis Berger his sons took over the business. Sherwin-Williams, an American company bought control of the company in the 1900s. By the 1940s Mr. Hadfield set up Hadfield's (India) Ltd., a small paint company in Kolkata on 17 December 1923. 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.[5] In 1951, sales offices were opened in Delhi and Mumbai and a depot was started in Guwahati. This resulted in sales rising to Rs. 6 million in 1952. In 1969 Berger, Jenson Nicholson Limited, UK bought British Paints (India) Ltd. This marked the beginning of Lewis Berger’s legacy in India - which the company would later take forward to enviable heights.[6] D. Madhukar took over as the Managing Director in the year 1973. Under him the company became the fastest growing company in the paint industry as sales figures reached over Rs. 160 million by 1978. [7] 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 (Chairman) and Gurbachan Singh Dhingra (Vice Chairman).[8] Mr. Subir Bose took over as Managing Director on 1 July, 1994.[9] Mr Bose retired on 30 June, 2012, handing over the reign of the company to Mr. Abhijit Roy, who is the current Managing Director and Chief Executive Officer. [10]

Products and Services

Berger Paints is the second largest paints company in India with a wide portfolio of paints and tailoer-made services in every paint segment. Berger Paints offers various products for Home Users, Professional Users and Industrial Users.

Products:

Services:

Awards and Recognition

International operations

Apart from operations in Russia, with a production facility at the Berger manufacturing unit at Krasnodar, Berger has also expanded its footprint in Nepal by setting up a second unit. Today Berger’s sister company in Bangladesh is the dominant leader with over 65% market share. In keeping with the Company’s dynamic growth plan, Berger has also acquired Bolix SA of Poland, a leading provider of External Insulation Finishing Systems (EIFS) in Eastern Europe.[15] As Berger continues to grow internationally also continues to be the second largest paint company in India. [16]

References

  1. 1 2 3 4 5 "Berger Paints India Financial Statements". MoneyControl.com. Retrieved 23 February 2016.
  2. ↑ "Berger Paints India Quarterly Results | Berger Paints India Q3FY16 standalone net profit rises 38% yoy to Rs. 101 crore : Misses Estimates". www.indiainfoline.com. Retrieved 2016-06-21.
  3. ↑ "Berger Paints - International- Global Group Presence". www.bergerpaints.com. Retrieved 2016-06-21.
  4. ↑ Bureau, Our (2015-09-16). "Berger Paints unveils new initiative for residential buildings". The Hindu Business Line. Retrieved 2016-06-21.
  5. ↑ https://www.bergerpaints.com/about-us/history-milestones.html
  6. ↑ http://economictimes.indiatimes.com/berger-paints-(india)-ltd/infocompanyhistory/companyid-13971.cms
  7. ↑ http://www.moneycontrol.com/company-facts/bergerpaintsindia/history/BPI02
  8. ↑ http://www.forbes.com/sites/naazneenkarmali/2013/08/04/dhingra-brothers-of-berger-paints-enter-ranks-of-indias-richest-as-shares-soar/
  9. ↑ http://www.bloomberg.com/research/stocks/people/person.asp?personId=36035853&privcapId=9272718
  10. ↑ http://www.indiainfoline.com/article/research-leader-speak/abhijit-roy-chief-operating-officer-berger-paints-india-ltd-28806008_1.html
  11. ↑ http://forbesindia.com/article/anniversary-special/the-hunt-for-great-indian-companies/43281/2#ixzz4AUwvcaQq
  12. ↑ http://www.coatingsworld.com/issues/2015-07-01/view_features/top-companies-report-16218/
  13. ↑ http://forbesindia.com/article/super-50-companies-2015/forbes-indias-super-50-companies-building-to-last/40687/1
  14. ↑ https://www.bergerpaints.com/upload/newsAttachment/Attachment_30092015061556.pdf
  15. ↑ http://www.business-standard.com/article/companies/berger-paints-acquires-polish-firm-for-rs-154-cr-108043001073_1.html
  16. ↑ http://economictimes.indiatimes.com/et-now/corporate/berger-paints-india-to-set-up-plant-in-russia/videoshow/46296404.cms, https://www.bergerpaints.com/about-us/global-presence.html

External links

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