Berger Paints Is The Second Largest Paint Company In India After The Asian Paints. Berger Paints Also Listed In Forbes India Super 50 Companies.
In This Article, Let’s Learn Some Interesting Facts About Berger Paints.
Hadfield’s Ltd To Berger Paints
In The Year 1923, Berger Paints Was Firstly Incorporated As Hadfield’s India Limited In Kolkata. However, In The Year 1947 British Paints Acquired The Company And Changed The Name Of The Company To British Paints India Limited.
But Again In The Year 1969, Celanese Corporation Of America Sold It To Jenson & Nicholson Ltd In U.K. And Finally, In The Year 1983, The Company Name Was Changed To Berger Paints.
Major Supplier Of
Berger Paints Is The Dominant Player In The Two-Wheeler Automotive Coating Segment And Is The Major Supplier Of Hero Motors, Yamaha, And Royal Enfield.
And It Has A Significant Presence In TVS, Honda, And Bajaj And Also In Commercial Vehicle Manufacturing Giants Like Tata Motors And Ashok Leyland.
In Industrial, Automotive And Specialty Coatings Berger Have Collaborations With Leading Paint Companies Of The World.
The Various Collaborations Are Nippon Paint Japan For Auto Refinish, Rock Paint Japan For Auto Refinish, Beckers Sweden For Coil Coating, Hesse Germany For Wood And Glass Coatings, And Promat Belgium For Fire Proof Coatings.
Business In Foreign Lands
Moreover, Berger Paints Is Present In 4 Countries. The Countries Are Nepal, Bangladesh, Russia, And Poland. The Company’s Business In Nepal And Poland Contributed About 7% Of Their Total Annual Revenue.
Market Share Of Berger Paints
The Company’s Market Has Increased From 16.6% To 19.3% Over The Last Five Years. However Their Biggest Competitor Asian Paints Market share Is 3 Times The Market Share Of Berger Paints, Which Is About 61.9%. Making The Asian Paints No 1 In The Industry.
Performance Of Berger Paints
Over The Past Five Years, The Company’s Net Income Growth Is At 14.2%. And Revenue Growth Is At 10.3%. Which Is More Than The Industry Average. Which Is Around 8.2% In Income Growth And 6.7% In Revenue Growth.
Business Acquisitions Of Berger Paints
In The Year 2013, The Company Acquired BOLIX From Advent International. Which Is A Global Private Equity Group. Moreover, This Is One Of The Largest Acquisitions Of The Company.
And In The Year 2017, The Company’s Board Approved the Acquisition Of a 100% Stake In Saboo Coatings, And In, 2019 Acquired A Total Of 95% Of Equity Shares Of STP Limited.
Awards And Achievements
Some Awards Won By The Company Over The Years Are Readers Digest Gold Award For The Most Trusted Brand In 2008, Builder Information Bureau Leadership In The Paint Category In The Year 2012.
Ranked 14 Among The Global Manufacturers Of Paints And Coatings By Coatings World In The Year 2018.
World’s 14 Largest
It Is The 14 Largest Paint Company In The World And Fourth Largest In Asia And the Second Largest Paint Company In India After The Giant Asian Paints.
BOLIX Is The Wholly Owned Subsidiary Of Berger Paints. Which Has Presence In UK, France, Ukraine, And Poland.
It Is The Pioneer Of Many Product And Process Innovations. For Example Color Bank Tinting Machines, Express Painting That Uses Mechanized Tools, And Trained Painters To Provide A Faster, Cleaner, and Better Service To Consumer.
Easy clean, Which Has Unique Cross-Linking Polymers That Give A Non-Stick Stain Free Paint Film That Makes The Interior Walls Look New And Fresh For a Long Time.
Weather coat Anti Dust, Has Unique Dust Guard Technology That Keeps Dust away From Exterior Walls
It Is The Leader In Protective Coatings And Coil Coatings In India.