Berger Paints

{{short description|Indian multinational paint company}}

{{Use Indian English|date=February 2017}}

{{Use dmy dates|date=February 2017}}

{{Infobox company

| name = Berger Paints India Limited

| logo = Berger.png

| logo_size = 250px

| trading_name = Berger

| type = Public

| traded_as = {{plainlist|

  • {{BSE|509480}}
  • {{NSE|BERGEPAINT}}}}

| ISIN = INE463A01038

| founder =

| foundation = {{Start date and years ago|df=y|1923|12|17}}

| location_city = Kolkata, West Bengal

| location_country = India

| key_people = {{plainlist|

  • Rishma Kaur (Chairman)
  • Kanwardip Singh Dhingra (Vice Chairman)
  • Abhijit Roy (Managing Director|MD & CEO)

}}

| industry = Chemicals

| products = {{plainlist|

| revenue = {{increase}} {{INRConvert|11262|c}} (2024){{cite web|url=http://www.moneycontrol.com/financials/berger%20paints/consolidated-profit-lossVI/BPI02|title=Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts|work=moneycontrol.com |last1=Com |first1=Moneycontrol }}

| operating_income = {{increase}} {{INRConvert|1557|c}} (2024){{Cite web|url=https://www.bseindia.com/|title=BSE Ltd. (Bombay Stock Exchange) | Live Stock Market updates for S&P BSE SENSEX, Stock Price, Company News & Results|website=www.bseindia.com}}

| net_income = {{increase}} {{INRConvert|1170|c}} (2024){{Cite web|url=https://www.moneycontrol.com/financials/berger+paints/consolidated-profit-lossVI/BPI02/|title=Berger Paints India Consolidated Profit & Loss account, Berger Paints India Financial Statement & Accounts|website=www.moneycontrol.com |last1=Com |first1=Moneycontrol }}

| assets = {{increase}} {{INRConvert|8369|c}} (2024){{cite web |title=Berger Paints India Balance Sheet, Berger Paints India Financial Statement & Accounts |url=http://www.moneycontrol.com/financials/bergerpaintsindia/balance-sheetVI/BPI02#BPI02 |work=moneycontrol.com |last1=Com |first1=Moneycontrol }}

| equity = {{increase}} {{INRConvert|5389|c}} (2024)

| num_employees = 3,600 (2020)

| owners = Dhingra family (75%)

| homepage = {{URL|http://www.bergerpaints.com/|bergerpaints.com}}

}}

File:Gja nfJbIAAMPMK.jpg

Berger Paints India Ltd is an Indian multinational paint company, based in Kolkata.{{Cite web|url=https://www.indiainfoline.com/article/equity-earnings-result-commentary/berger-paints-india-quarterly-results-berger-paints-india-q3fy16-standalone-net-profit-rises-38-yoy-to-rs-101-crore-misses-estimates-116020400479_1.html|title=Berger Paints India Q3FY16 standalone net profit rises 38% yoy to Rs. 101 crore : Misses Estimates|website=www.indiainfoline.com|language=en|access-date=2020-04-21}} This company has 16 manufacturing units in India,{{cite web|url=http://www.business-standard.com/company/berger-paints-64/information/company-history|title=Berger Paints India Ltd.|via=Business Standard}} 2 in Nepal, and 1 each in Poland, Russia and Pakistan.{{cite web|url=http://www.moneycontrol.com/india/stockpricequote/paints-varnishes/bergerpaintsindia/BPI02|title=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|work=moneycontrol.com |last1=Com |first1=Moneycontrol }} It has manufacturing units at Howrah, Rishra,{{Cite news|url=http://www.thehindu.com/business/Industry/berger-paints-plans-60-cr-for-howrah-rishra-units/article19429268.ece|title=Berger Paints plans ₹60 cr. for Howrah, Rishra units|date=2017-08-04|work=The Hindu|access-date=2018-03-02|language=en-IN|issn=0971-751X}} Arinso, Taloja, Naltoli, Goa, Devla, Hindupur,{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/berger-paints-opens-hindupur-plant-in-andhra-pradesh/articleshow/29673615.cms|title=Berger Paints opens Hindupur plant in Andhra Pradesh|date=2014|work=The Economic Times|access-date=2018-03-02}} Jejuri,{{Cite news|url=https://www.thehindubusinessline.com/companies/berger-paints-commences-production-at-jejuri-plant/article9604736.ece|title=Berger Paints commences production at Jejuri plant|work=@businessline|access-date=2018-03-02|language=en}} Jammu,{{Cite news|url=https://www.icis.com/resources/news/2007/04/26/9024289/berger-builds-paint-plant-in-jammu-kashmir/|title=Berger builds paint plant in Jammu & Kashmir|access-date=2018-03-02|language=en-GB}} Puducherry and Anand. The company has presence in six countries – India, Pakistan,Russia, Poland, Nepal and Bangladesh. It has an employee strength of over 3,600 and a countrywide distribution network of more than 25,000 dealers.{{cite web|url=http://www.thehindubusinessline.com/news/real-estate/berger-paints-unveils-new-initiative-for-residential-buildings/article7660019.ece|title=Berger Paints unveils new initiative for residential buildings|date=16 September 2015|work=thehindubusinessline.com}}

History

= European =

In 1760, Louis Berger started a dye and pigment manufacturing business in England, which later changed to Louis Berger & Sons Limited. In 1770, Louis Steigenberger shifted from Frankfurt to London to sell a Prussian blue colour, which was made using his own formula. He perfected this process & art of the blue colour, which was the colour of most military uniforms of that time. 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 death, his sons took over the business.{{Cite web |title=Berger Paints Pakistan Limited |url=https://dps.psx.com.pk/company/BERG}}{{Cite web |last=Hussain |first=Dilawar |date=2016-09-26 |title=Painting the future bright |url=http://www.dawn.com/news/1286041 |access-date=2022-04-02 |website=DAWN.COM |language=en}}{{Cite web |title=Berger Paints India Limited |url=https://www.bergerpaints.com/about-us/history-milestones.html}}{{Cite web |date=2021-04-26 |title=History and Milestones - Berger Paints Bangladesh |url=https://www.bergerbd.com/history-and-milestones/ |access-date=2022-04-02 |language=en-US}}{{Cite web |title=Berger Paints Bangladesh Limited |url=https://www.linkedin.com/company/berger-paints-bangladesh-limited/about/}} In the UK, the company, which by then was known as Berger, Jenson and Nicholson, was acquired by Hoechst AG in 1970 and by Williams Holdings in 1988.{{Cite web |title=Berger, Jenson and Nicholson, Paint Makers Records |url=https://discovery.nationalarchives.gov.uk/details/r/19b53177-a2de-4e6e-af52-3e87870d6deb|publisher=National Archives|access-date=23 March 2024}}

= Indian subcontinent =

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 Bombay 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.{{cite web|url=http://economictimes.indiatimes.com/berger-paints-(india)-ltd/infocompanyhistory/companyid-13971.cms|title=The Economic Times|work=indiatimes.com}} In the year 1973, D. Madhukar took over as the managing director. Sales figures reached over {{INR}}16 crore by 1978.{{cite web|url=http://www.moneycontrol.com/company-facts/bergerpaintsindia/history/BPI02|title=Berger Paints India > Company History > Paints & Varnishes > Company History of Berger Paints India – BSE: 509480, NSE: BERGEPAINT|work=moneycontrol.com |last1=Com |first1=Moneycontrol }} 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, a shopkeeper from Amritsar, and Gurbachan Singh Dhingra.{{cite web|url=https://www.forbes.com/sites/naazneenkarmali/2013/08/04/dhingra-brothers-of-berger-paints-enter-ranks-of-indias-richest-as-shares-soar/|title=Dhingra Brothers Of Berger Paints Enter Ranks Of India's Richest As Shares Soar|first=Naazneen|last=Karmali|work=forbes.com}}{{cite news |last1=Bhasin |first1=Sonu |title=How Kuldip Singh Dhingra, a 'shopkeeper' from Amritsar, bought Berger Paints from Vijay Mallya |url=https://scroll.in/article/930954/how-kuldip-singh-dhingra-a-shopkeeper-from-amritsar-bought-berger-paints-from-vijay-mallya |access-date=22 February 2023 |work=Scroll.in}} Subir Bose took over as managing director on 1 July 1994.{{cite web|url=https://www.bloomberg.com/markets/stocks|title=Stocks|work=bloomberg.com|date=20 May 2023 }} Bose retired on 30 June 2012, handing over the company to Abhijit Roy, the current managing director.{{cite web|url=http://www.indiainfoline.com/article/research-leader-speak/abhijit-roy-chief-operating-officer-berger-paints-india-ltd-28806008_1.html|title=Abhijit Roy, Chief Operating Officer, Berger Paints India Ltd|last=indiainfoline.com|work=indiainfoline.com}}

In March 2013, Berger Paints acquired Mumbai-based architectural paints division of Sherwin-Williams.{{Cite news |last=Somvanshi |first=Kiran Kabtta |title=Berger Paints: Sherwin Williams unit buy is a strategic fit |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/berger-paints-sherwin-williams-unit-buy-is-a-strategic-fit/articleshow/18948823.cms |access-date=2022-04-02}} In 2021, Berger Paints set up their plant in Sandila, Uttar Pradesh.{{cite news|url=https://www.thehindubusinessline.com/companies/bergers-new-unit-at-sandila-to-help-improve-margins-profitability/article66480924.ece |title=

Berger's new unit at Sandila to help improve margins, profitability|newspaper=The Hindu BusinessLine|date=7 February 2023|access-date=23 March 2024}}

= Pakistan =

On 25 March 1950, Berger Paints Pakistan Limited was incorporated in Pakistan. In 1955, the Karachi factory was established. In 1974, Berger Pakistan became a public limited company. In 1974, Berger Pakistan 50.62% shares were held by Jenson & Nicholson Limited (U.K. parent company), 49.38% shares were held by Pakistani investors. In 1991, Slotrapid Limited, a British Virgin Island company, acquired control of Berger Paints Pakistan Limited by purchasing 50.62% shares of the company.

= Bangladesh =

In the geographical region of Bangladesh, Berger Paints were imported from Berger UK and then from Berger Pakistan. In 1970, the Kalurghat, Chittagong factory was inaugurated. In 1980, the name of the company changed from J&N (Bangladesh) Limited to Berger Paints Bangladesh Limited.

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.{{cite web|url=http://www.business-standard.com/article/companies/berger-paints-acquires-polish-firm-for-rs-154-cr-108043001073_1.html|title=Berger Paints acquires Polish firm for Rs 154 cr|first=B. S.|last=Reporter|date=30 April 2008|via=Business Standard}}{{cite web|url=http://economictimes.indiatimes.com/et-now/corporate/berger-paints-india-to-set-up-plant-in-russia/videoshow/46296404.cms|title=Berger Paints India to set up plant in Russia – The Economic Times Video – ET Now|work=indiatimes.com|date=19 February 2015 }}

References

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