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Berger Paints aims at top 10 rank in global market
COATINGS AND ANTI CORROSION ENGINEERING REVIEW
|June/July 2023
Major thrust on growth and product range as company celebrates centenary year later this year
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Berger Paints, the second-largest paint company in India, is all set to begin its centenary celebrations later this year! "Berger Paints today is the 4th largest paint company in Asia, and the 14th largest paint company in the world. We have set our sights to be amongst the top-10 very soon," said Mr Sanjay Chowdhury, Vice President & Business Head, Berger Paints Ltd.
The company also positions itself in the Top-200 on the list of Fortune 500 list of companies for 2021. Berger Paints won the Deloitte India's 'Best Managed Companies 2021' award for overall business performance and sustained growth and has featured consistently in Forbes India SUPER-50, Business Today 'India's Most Valuable Companies' and Millward Brown Most Valuable Brands Moreover Mr Choudhary himself was recently recognized as one of the 'Top 10 Business Leaders and Achievers' in the country by the Industry Outlook magazine.
On a growth trajectory at CAGR of 16%, Berger Paints expects to touch a turnover of Rs 10,000 crore in the fiscal 202324. Berger Paints invested over Rs 1,000 crore in setting up the largest manufacturing unit of Berger Paints India Limited, at Sandila, Hardoi, Uttar Pradesh. The modern and completely automated manufacturing unit, which had commenced commercial production earlier this year was formally inaugurated by the Hon'ble Chief Minister of Uttar Pradesh Shri Yogi Adityanath.
The impact of the manufacturing unit in the industrial area of Sandila has been manifold. The area is witnessing huge growth right from building roads, starting transport services to availability of essential services. Berger Paints has consistently participated and invested in education, health, and other initiatives in and around its various manufacturing locations to improve the quality of life of the local community.
This story is from the June/July 2023 edition of COATINGS AND ANTI CORROSION ENGINEERING REVIEW.
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