Berger Paints

Berger Paints India Ltd is an Indian multinational paint company based in India.[5][6] The company is headquartered at Kolkata and has 14 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia.[7] It has manufacturing units at Howrah and Rishra,[8] Arinso, Taloja, Naltoli, Goa, Devla, Hindupur,[9] Jejuri,[10] Jammu,[11] Puducherry and Udyognagar.

Berger Paints
TypePublic
BSE: 509480
NSE: BERGEPAINT
IndustryChemicals
FoundedDecember 17, 1923 (1923-12-17)
FounderLewis Berger
Headquarters
Kolkata
,
India
Key people
Abhijit Roy (MD & CEO)
Products
Revenue₹6,365.82 crore (US$890 million) (2020)[1]
₹891.46 crore (US$120 million) (2020)[2]
₹657.81 crore (US$92 million) (2020)[3]
Total assets₹4,342.70 crore (US$610 million) (2020)[4]
Number of employees
33,500+ (2018)
Websitewww.bergerpaints.com

The company has presence in 5 countries – India, Russia, Poland, Nepal and Bangladesh. They have an employee strength of over 3,500 and a countrywide distribution network of 25,000+ dealers.[12]

History

In 1770, Louis Steigenberger shifted 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. By 1870, Berger Paints was selling 19 different pigments such as black lead, sulphur, sealing wax and mustard. After his demise, his sons took over the business. In the 1900s, Sherwin-Williams, an American company took control of the company. On 17 December 1923, Mr. Hadfield set up Hadfield's (India) Ltd., a small paint company in Calcutta. 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. In 1951, sales offices were opened in Delhi and Mumbai and a depot was started in Guwahati. In 1969, Berger Jenson Nicholson Limited, UK bought British Paints (India) Ltd. This marked the beginning of Lewis Berger’s legacy in India.[13] In the year 1973, D. Madhukar took over as the Managing Director. Sales figures reached over Rs. 160 million by 1978.[14] 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).[15] Subir Bose took over as Managing Director on 1 July 1994.[16] Bose retired on 30 June 2012, handing over the company to Abhijit Roy, the current managing director.[17]

Operations

Apart from operations in Russia and a production facility at the Berger manufacturing unit at Krasnodar, Berger Paints India also has an operational unit in Nepal. They have also acquired Bolix SA of Poland, a provider of External Insulation Finishing Systems (EIFS) in Eastern Europe.[18][19]

References
  1. "Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts". moneycontrol.com.
  2. "BSE Ltd. (Bombay Stock Exchange) | Live Stock Market updates for S&P BSE SENSEX, Stock Price, Company News & Results". www.bseindia.com.
  3. "Berger Paints India Consolidated Profit & Loss account, Berger Paints India Financial Statement & Accounts". www.moneycontrol.com.
  4. "Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts". moneycontrol.com.
  5. "Berger Paints India Q3FY16 standalone net profit rises 38% yoy to Rs. 101 crore : Misses Estimates". www.indiainfoline.com. Retrieved 21 April 2020.
  6. "Berger Paints India Ltd" – via Business Standard.
  7. "Berger Paints India Stock Price, Share Price, Live BSE/NSE, Berger Paints India Bids Offers. Buy/Sell Berger Paints India news & tips, & F&O Quotes". moneycontrol.com.
  8. "Berger Paints plans ₹60 cr. for Howrah, Rishra units". The Hindu. Special Correspondent. 4 August 2017. ISSN 0971-751X. Retrieved 2 March 2018.CS1 maint: others (link)
  9. "Berger Paints opens Hindupur plant in Andhra Pradesh". The Economic Times. 2014. Retrieved 2 March 2018.
  10. "Berger Paints commences production at Jejuri plant". @businessline. Retrieved 2 March 2018.
  11. "Berger builds paint plant in Jammu & Kashmir". Retrieved 2 March 2018.
  12. Bureau, Our (16 September 2015). "Berger Paints unveils new initiative for residential buildings". thehindubusinessline.com.
  13. "The Economic Times". indiatimes.com.
  14. "Berger Paints India > Company History > Paints & Varnishes > Company History of Berger Paints India – BSE: 509480, NSE: BERGEPAINT". moneycontrol.com.
  15. Karmali, Naazneen. "Dhingra Brothers Of Berger Paints Enter Ranks Of India's Richest As Shares Soar". forbes.com.
  16. "Stocks". bloomberg.com.
  17. indiainfoline.com. "Abhijit Roy, Chief Operating Officer, Berger Paints India Ltd". indiainfoline.com.
  18. Reporter, B. S. (30 April 2008). "Berger Paints acquires Polish firm for Rs 154 cr" – via Business Standard.
  19. "Berger Paints India to set up plant in Russia – The Economic Times Video – ET Now". indiatimes.com.
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