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Berger Paints India Ltd
Berger Paints India Ltd Company History
Berger Paints India is engaged in the manufacturing and selling of paints. The Company caters primarily to domestic market.(Source : 202303 Annual Report Page No:227)
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+.
2000
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.
2001
2002
Acquires 50% stake in Berger Auto & Industrial Coating Ltd.
2002
2003
BOD decided not to amalgamate Berger Auto & Industrial Coatings Ltd with the company.
Posts 54% growth in the net profit to Rs.14.14cr for the second quarter end.
2003
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
2004
2005
The Motors & Industrial paints business of ICI India with its factory at Rishra, West Bengal was acquired as a 100% subsidiary Berger Auto & Industrial Coatings Limited and then merged with the Company in 2005.
2005
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.
Berger Paints (India) Ltd has given the Bonus in the Ratio of 3:5
2006
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.
2007
2008
Berger Paints India bought Polish firm Bolix SA, a leading provider of external insulation finishing system (EIFS) in the B2B segment. Berger Paints has bought for a net purchase price of $38.6 million (around Rs 1,54.7 crore). Berger Paints India acquired the entire bloc in the Polish firm held by global private equity group Advent International.
Berger Paints India Ltd has informed that Mr. Gerald Kenneth Adams has been appointed as a Director of the Company effective January 30, 2008.
2008
2009
Berger Paints India Ltd has informed that Mr. Pulak Prasad was appointed an Additional Director (non-whole time) of the Company under Section 260 of the Companies Act, 1956.
2009
2010
The Company's sales in the year ended 31 March 2010 was Rs 1822.7 crores.
Berger Paints, the paint major, is quite bullish on the expansion front as the company is going to make an investment of Rs 300 crore in order to set up a water-based paint plant at Hindupur in Anantapur district of Andhra Pradesh.
2010
2011
BergerPaints - Board recommended Final Dividend of Re. 0.80 per share (40%) of face value of Rs. 2/- each
2011
2012
Berger enters new chemicals business
Berger Paints introduces new products
Berger Paints gains over 2% on stake hike by UK Paints
2012
2013
Berger Paints acquired architectural operations of Sherwin Williams Paints.
2013
2014
Berger Paints Inaugurates New Facility in Hindupur, Andhra Pradesh.
2014
2015
Berger Paints - Berger Paints signs MOU with the Russian Government
Berger Paints India Ltd - CompanyÂs Powder Coating plant at Maharashtra has commenced commercial production
2015
2016
Berger Paints India Wins 1st Prize in NECA, 2016
2016
2017
Berger Paints India Ltd commenced commercial production of its paint and putty plant at Nalbari, Assam.
Berger Paints completes acquisition of Saboo Coatings.
Commencement of commercial production of Company's Decorative paints production at Naltali plant, Assam.
Commencement of commercial production of CompanyÂs Automotive and General Industrial paints production at Jejuri.
2017
2019
Berger Paints India Shines at Sammie 2019 With Silver Award.
Berger Paints India wins the CII National Award for Excellence in Water Management 2019.
2019
2020
Gold Award bagged by our Naltali Unit in National Occupational Health & Safety Awards 2020.
CII Environmental Best Practices Award 2020.
2020
2021
VVN Plant has received the Platinum award in the 10th Exceed Environment Award 2021.
Jejuri Plant has been awarded the Gold award under Apex India Best Fire Safety Measures Awards 2021.
2021
2023
The Company has issued Bonus Shares in the Ratio of 1:5.
"Company awarding media mandate to dentsu X"".
The Company has that, its state-of-the-art, fully automated manufacturing facility at Sandila, Plot No. B4, B5 Industrial Area, Sandila Phase I, Sandila, District: Hardoi, Uttar Pradesh - 241 204 has commenced its commercial production.
2023