{"id":19556,"date":"2024-01-01T17:19:15","date_gmt":"2024-01-01T11:49:15","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19556"},"modified":"2024-01-01T17:19:20","modified_gmt":"2024-01-01T11:49:20","slug":"relationship-of-asian-paints-ltd-with-nifty50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19556","title":{"rendered":"Relationship of Asian paints ltd with Nifty50"},"content":{"rendered":"

Title<\/u><\/strong>– Relationship of Asian paints Ltd with Nifty50<\/p>\n

Author<\/u><\/strong>-Abhishek Jaiprakash Yadav<\/p>\n

Batch<\/u><\/strong>– Finance F-3<\/p>\n

Roll no<\/u><\/strong>-21230023406<\/p>\n

Introduction:-<\/u><\/strong><\/p>\n

Asian Paints Ltd\u00a0is an Indian\u00a0multinational<\/a>\u00a0paint<\/a>\u00a0company, headquartered in\u00a0Mumbai<\/a>,\u00a0Maharashtra<\/a>,\u00a0India<\/a>.\u00a0The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home d\u00e9cor, bath fittings and providing related services. Asian Paints is India’s largest paints company by market share. It is the holding company of\u00a0Berger International<\/a>.\u00a0The company’s manufacturing operations encompass 15 countries of the world including India, with considerable presence in the\u00a0Indian subcontinent<\/a>\u00a0and the\u00a0Middle Eas<\/a>t.<\/p>\n

The company was started in a garage in Gawad,\u00a0 Girgaon<\/a> ,\u00a0Mumbai<\/a>\u00a0by four\u00a0Gujarati<\/a>\u00a0friends Champak Lal Choksy, Chamanlal Choksi, Suryakant Dani and Arvind Vakil.\u00a0They all belong to\u00a0Jain<\/a>\u00a0families, and founded the company in February 1942. During\u00a0World War II<\/a>\u00a0and the\u00a0Quit India Movement<\/a>\u00a0of 1942, a temporary ban on paint imports left only foreign companies and\u00a0Shalimar Paints<\/a>\u00a0in the market. Asian Paints took up the market and reported an annual turnover of\u00a0\u20b923\u00a0crore<\/a>\u00a0in 1952 but with only 2%\u00a0PBT<\/a>\u00a0margin. By 1967, it became the leading paints manufacturer in the country. The four families together held the majority shares of the company. But disputes started over the global rights in 1990s when the company expanded beyond India. The disputes resulted in Choksy selling their 13.7% shares and exiting in 1997. Champak Lal died in July 1997 and his son Atul took over. After failed collaboration talks with the British company\u00a0Imperial Chemical Industries<\/a>, Choksy\u2019s shares were mutually bought by the remaining three families and\u00a0Unit Trust of India<\/a>. As of 2008, the Choksi, Dani and Vakil families hold a share of 47.81%. Ashwin Dani<\/a>, the non-executive director of Asian Paints, died on September 28, 2023, at the age of 79.<\/p>\n

Objective- Calculation of Beta and its Significance<\/p>\n

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Views and Reviews:<\/strong><\/p>\n

Asian Paints aims to be one of the top five companies in the\u00a0decorative coatings\u00a0industry (worldwide) by enlarging its expertise in emerging markets.<\/p>\n