BERGER PAINT INDIA LTD:
Profile
Berger Paints is the third largest paint manufacturer in India with an overall market share of 19%.
It is India's second largest decorative paint manufacturer (11% share) and also the third largest industrial paint manufacturer (14%).
Over two-thirds of its turnover comes from decorative paints and the balance from industrial paints.
1923
- The Company was incorporated on 17th December, in West Bengal. The Company manufacture and sell paints, varnishes, dry colours, enamels, pastes, distemper, ships paints, boiler components and various other
kinds of paints to meet the requirements of trade, commerce and industry. Some of the brands manufactured are Castle, Parrot, Duroglaze, Luxol, Murisan, Synthetic, Soligum, Apexior, etc.
2000
The Company proposes to expand its operation through acquisitions, both internally and externally, and strategic partnership, preferably with foreign firms. Crisil has upgraded the fixed deposit programme of Berger Paints from FAA to FAA+.
2001
Berger Paints India Ltd. has unveiled a new brand promotion Strategy which it claims to be the first of its kind in the industry. Despite a slight increase in sales, the net profit of Berger Paints India Ltd has dropped by around 10 per cent for the half-year ended September 30, 2001. Berger Paints Ltd and ICI Ltd, have formed a 50:50 joint venture to manufacture auto and industrial coatings at Rishra in West Bengal.
2002
Board decides to pay interim dividend @25% on the ordinary shares.Acquires 50% stake in Berger Auto & Industrial Coating Ltd. Signs term sheet for acquiring the entire paint business(including the entire intellectual property rights ) of Snowcem India Ltd. inducts Jalal Dani as the Chairman of the company , after buying out
50.1% stake in the Singapore based paints company.
2003
-
BOD decided not to amalgamate Berger Auto & Industrial Coatings Ltd with the company.Board recommends a dividend @ 60% on equity capital of the company.Posts 54% growth in the net profit to Rs.14.14cr for the second quarter end.
2004
Delhi based Punjab National Bank (PNB) and Bangalore-based Vijaya Bank enter into a four-way partnership with Principal Financial of the US and Berger Paints to set up an insurance broking company
2006
Berger Paints India Ltd has entered into a Joint Venture Agreement (JV) with Nippon Bee Chemical Co Ltd of Japan for the purpose of formation of a Company for manufacture and sale of coatings for plastic substrates used in automobiles and parts thereof in India.
2007
Berger Paints India Ltd has entered into a Joint Venture Agreement (JV) with Nippon Bee Chemical Co Ltd of Japan for the purpose of formation of a Company for manufacture and sale of coatings for plastic substrates used in automobiles and parts thereof in India.
Profile
Berger Paints is the third largest paint manufacturer in India with an overall market share of 19%.
It is India's second largest decorative paint manufacturer (11% share) and also the third largest industrial paint manufacturer (14%).
Over two-thirds of its turnover comes from decorative paints and the balance from industrial paints.
1923
- The Company was incorporated on 17th December, in West Bengal. The Company manufacture and sell paints, varnishes, dry colours, enamels, pastes, distemper, ships paints, boiler components and various other
kinds of paints to meet the requirements of trade, commerce and industry. Some of the brands manufactured are Castle, Parrot, Duroglaze, Luxol, Murisan, Synthetic, Soligum, Apexior, etc.
2000
The Company proposes to expand its operation through acquisitions, both internally and externally, and strategic partnership, preferably with foreign firms. Crisil has upgraded the fixed deposit programme of Berger Paints from FAA to FAA+.
2001
Berger Paints India Ltd. has unveiled a new brand promotion Strategy which it claims to be the first of its kind in the industry. Despite a slight increase in sales, the net profit of Berger Paints India Ltd has dropped by around 10 per cent for the half-year ended September 30, 2001. Berger Paints Ltd and ICI Ltd, have formed a 50:50 joint venture to manufacture auto and industrial coatings at Rishra in West Bengal.
2002
Board decides to pay interim dividend @25% on the ordinary shares.Acquires 50% stake in Berger Auto & Industrial Coating Ltd. Signs term sheet for acquiring the entire paint business(including the entire intellectual property rights ) of Snowcem India Ltd. inducts Jalal Dani as the Chairman of the company , after buying out
50.1% stake in the Singapore based paints company.
2003
-
BOD decided not to amalgamate Berger Auto & Industrial Coatings Ltd with the company.Board recommends a dividend @ 60% on equity capital of the company.Posts 54% growth in the net profit to Rs.14.14cr for the second quarter end.
2004
Delhi based Punjab National Bank (PNB) and Bangalore-based Vijaya Bank enter into a four-way partnership with Principal Financial of the US and Berger Paints to set up an insurance broking company
2006
Berger Paints India Ltd has entered into a Joint Venture Agreement (JV) with Nippon Bee Chemical Co Ltd of Japan for the purpose of formation of a Company for manufacture and sale of coatings for plastic substrates used in automobiles and parts thereof in India.
2007
Berger Paints India Ltd has entered into a Joint Venture Agreement (JV) with Nippon Bee Chemical Co Ltd of Japan for the purpose of formation of a Company for manufacture and sale of coatings for plastic substrates used in automobiles and parts thereof in India.