Honorable Mention: Berger Paints India Ltd.

2024 Coatings Sales: $1.349 billion USD (₹11,544.7 crore) for the fiscal year ending March 31, 2025

Kolkata, India

Managing Director & CEO: Abhijit Roy

www.bergerpaints.com

Berger Paints India Ltd. is one of India’s leading paint manufacturers, offering a wide spectrum of products across decorative, industrial and protective coatings, as well as waterproofing and construction chemicals. The company operates 15 manufacturing facilities in India and four overseas, and it reaches customers through 162 stock points and a distribution network of over 36,000 dealers. Its innovation capabilities are anchored by the Berger Innovation and Advanced Materials Centre in Kolkata, and an international technology center in the UK.

Berger serves a broad customer base with offerings that include interior and exterior decorative paints, automotive finishes, general industrial and powder coatings, wood coatings and specialty materials. Strategic subsidiaries include STP Ltd. for waterproofing and construction chemicals and Berger Nippon Paint Automotive Coatings Pvt. Ltd. for automotive OEM finishes.

For the fiscal year ending March 31, 2025, the company reported consolidated revenue of ₹11,544.7 crore, a year-over-year increase of 3.1%. Net profit rose to ₹1,182.8 crore, and gross margins reached a 12-quarter high. Despite a challenging macro environment and modest industry demand, the company continued to strengthen its presence through capacity expansion, digital transformation, and an emphasis on premium and waterproofing segments. The Board proposed a final dividend of ₹3.80 per share.

Source: Company website, annual report