Kansai Nerolac Paints

Kansai Nerolac Paints Limited
Public
Traded as 500165
KANSAINER
Industry Chemicals
Founded 1920
Headquarters Mumbai, Maharashtra, India
Area served
India
Key people
H.M.Bharuka ( MD) [1]
Products Basic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings
Revenue 4,442 crore (US$700 million) (2016) [2]
577 crore (US$90 million) (2016) [2]
Profit 894 crore (US$140 million) (2016) [2]
Total assets 2,335 crore (US$370 million) (2016) [2]
Number of employees
2,566 (2016) [2]
Parent Kansai Paint
Website nerolac.com

Kansai Nerolac Paints Limited ( 500165, KANSAINER) (formerly known as Goodlass Nerolac Paints Ltd) is the largest industrial paint and third largest decorative paint company of India based in Mumbai. [3] [4] [5] It is a subsidiary of Kansai Paint of Japan. [6] As of 2015, it has the third largest market share with 15.4% in the Indian paint industry. [7] It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.

History

  • 1920 : It started as Gahagan Paints & Varnish Co. Ltd. at Lower Parel in Mumbai. [8]
  • 1957 : Goodlass Wall Pvt. Ltd. grew popular as Goodlass Nerolac Paints (Pvt.) Ltd. Also, it went public in the same year and established itself as Goodlass Nerolac Paints Ltd. . [9]
  • 1976 : Goodlass Nerolac Paints Ltd. became a part of Tata Forbes Group on acquisition of a part of the foreign shareholdings by Forbes Gokak. . [10]
  • 1983 : Goodlass Nerolac Paints Ltd. strengthened itself by entering in technical collaboration agreement by Kansai Paint Co. Ltd., Japan and Nihon Tokushu Tokyo Co. Ltd., Japan. [11]
  • 1999 : Kansai Paint Co. Ltd. , Japan took over the entire stake of Tata Forbes group and thus Goodlass Nerolac Paints became wholly owned subsidiary of Kansai Paint Company Ltd. [12]
  • 2006 : On 11 July, Goodlass Paint Ltd. name has been changed to Kansai Nerolac Paints Ltd. [13]
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