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{{Short description|Paints manufacturing company in India}}
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{{advert|date=April 2019}}
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{{notability|Companies|date=April 2019}}
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{{EngvarB|date=January 2014}}
{{EngvarB|date=January 2014}}
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{{infobox company
{{infobox company
| name = Shalimar Paints
| name = Shalimar Paints
| logo = [[File:Shalimar Paints New Logo.jpg|Shalimar Paints New Logo]]
| logo = Shalimar Paints New Logo.jpg
| caption =
| caption =
| type = Public {{BSE|509874}}
| type = Public
| traded_as = {{ubl|{{BSE|509874}}|{{NSE|SHALPAINTS}}}}
| genre =
| fate =
| fate =
| predecessor =
| predecessor =
| successor =
| successor =
| foundation = 1902
| foundation = 1902
| founder = AN Turner, AC Wright
| founder = AN Turner, AC Wright
| defunct =
| defunct =
| location_city = [[Gurugram]]
| location_city = [[Mumbai]], India<ref>{{cite web|url=http://www.shalimarpaints.com/contact.html |title=Contact Us |publisher=Shalimar Paints |accessdate=27 September 2010}}</ref>
| location_country = India
| location_country = India
| locations =
| locations =
| area_served =
| area_served =
| key_people =
| key_people = Mr. Ratan Jindal <br />Mr. Girish Jhunjhnuwala <br />Mr. Sameer Nagpal
| industry = [[Paint]]
| industry = [[Paint]]
| products = [[Paint]]
| products = [[Paint]]
| services =
| services =
| revenue = {{INRConvert|3673|m}}<ref name="bseindia1">{{cite web|url=http://www.bseindia.com/stock-share-price/shalimar-paints-ltd/shalpaints/509874/ |title=BSE Plus |publisher=Bseindia.com |accessdate=2 January 2015}}</ref>
| revenue = {{INRConvert|3673|m}}<ref name="bseindia1">{{cite web|url=http://www.bseindia.com/stock-share-price/shalimar-paints-ltd/shalpaints/509874/ |title=BSE Plus |publisher=Bseindia.com |accessdate=2 January 2015}}</ref>
| operating_income =
| operating_income =
| net_income =
| net_income =
| aum =
| aum =
| assets =
| assets =
| equity =
| equity =
| owner =
| owner =
| num_employees =
| num_employees =
| parent =
| parent =
| divisions =
| divisions =
| subsid =
⚫
| homepage = [http://www.shalimarpaints.com/ Official Website]
| subsid =
⚫
| footnotes =
⚫
| homepage = [http://www.shalimarpaints.com/ Official Website]
⚫
| footnotes =
| intl = yes
}}
}}
'''Shalimar Paints''' {{BSE|509874}} is an Indian paints manufacturing company. The company is engaged in manufacturing and marketing of decorative paints and industrial coatings. Some of India’s iconic buildings and structures such as the Howrah Bridge, Rashtrapati Bhawan, Salt Lake Stadium, the building of All India Institute of Medical Sciences, and many others, have been, and continue to be painted with Shalimar Paints.<ref name="Paintmaker iconic Company Profile">{{cite web|url=http://businesstoday.intoday.in/story/history-of-shalimar-paints/1/16467.html |title=Paintmaker iconic Company Profile |publisher=http://businesstoday.intoday.in/ |date=10 July 2011 |accessdate=10 July 2011}}</ref>
'''Shalimar Paints''' {{BSE|509874}} is an Indian paints manufacturing company. The company engages in the manufacturing and marketing of decorative paints and industrial coatings. Some of India's buildings and structures such as the [[Howrah Bridge]], [[Rashtrapati Bhawan]], [[Salt Lake Stadium]], [[All India Institute of Medical Sciences]], and many others, continue to be painted with Shalimar Paints.<ref name="Paintmaker iconic Company Profile">{{cite web|url=http://businesstoday.intoday.in/story/history-of-shalimar-paints/1/16467.html |title=Paintmaker iconic Company Profile |publisher=businesstoday.intoday.in/ |date=10 July 2011 |accessdate=10 July 2011}}</ref>

⚫
'''History'''

⚫
It can be said that the history of Shalimar Paints is the history of the paints industry in India and also in South East Asia.<ref name="Paintmaker iconic Company Profile"/> Shalimar Paints was founded in 1902 by two British entrepreneurs AN Turner and AC Wright as Shalimar Paints Colour & Varnish Ltd.<ref>{{cite web|url=http://www.financialexpress.com/news/shalimarpaintsitsfuturewithanewstrategy/91105/0 |title=Shalimar Paints Its Future With A New Strategy |publisher=Financialexpress.com |date=30 August 2003 |accessdate=27 September 2010}}</ref> In the same year, the company set up a large scale manufacturing plant in Howrah, West Bengal, the first such plant in entire South East Asia. In 1928, Pinchin Johnson & Associates of UK bought control from the British entrepreneurs AN Turner and AC Wright. In 1963, the company's name was changed to Shalimar Paints Ltd. after Turner Morisson & Co stepped in as new management.

⚫
With access to high-end technology, the company introduced many firsts in the industrial coatings segment such as high build zinc coatings, radiation resistant coatings for nuclear power plants, polyurethane paint for fighter aircraft and railway coaches, among others. Shalimar was the first company to paint a fighter aircraft for the Indian Army.ref>{{cite web|url=http://forbesindia.com/article/boardroom/shalimar-paints-shifts-focus-to-the-decoratives-business/38627/1 |title=Shalimar Paints shifts focus to the Decoratives Business |publisher=forbesindia.com |date=17 September 2014}}</ref>

In 1972 Shalimar went public and in 1989, the company was acquired by the O.P. Jindal Group and the Hong-Kong based S.S. Jhunjhnuwala Group. On 11 April 2013, Mr. Sameer Nagpal was appointed as the Chief Executive Officer of the company. On 12 August 2013, Mr. Nagpal was elected as Managing Director and CEO of Shalimar Paints by the Board of Directors, effective 25 May 2013.<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/shalimar-paints-names-sameer-nagpal-as-managing-director-ceo/article5015598.ece |title=Shalimar Paints names Sameer Nagpal as Managing Director, CEO |publisher=thehindubusinessline.com |date=12 August 2013}}</ref>


⚫
== History ==
As the dynamics of the paint industry shifted from protection to decoration, Shalimar Paints introduced a range of interior and exterior paints under flagship brands: Husain Collection, No. 1 and Superlac. It also started offering tinting systems under the brand Color Space. Some of India's iconic buildings and structures like the Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu and the Salt Lake Stadium have traditionally used Shalimar Paints.<ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Shalimar-Paints-revamping-brand-portfolio/articleshow/26803562.cms |title=Shalimar Paints revamping brand, portfolio |work=Timesofindia|date=3 December 2013}}</ref>


⚫
Shalimar Paints was founded in 1902 by two British entrepreneurs AN Turner and AC Wright as Shalimar Paints Colour & Varnish Ltd.<ref>{{cite web|url=http://www.financialexpress.com/news/shalimarpaintsitsfuturewithanewstrategy/91105/0 |title=Shalimar Paints Its Future With A New Strategy |publisher=Financialexpress.com |date=30 August 2003 |accessdate=27 September 2010}}</ref> In the same year, the company set up a large scale manufacturing plant in [[Howrah, West Bengal]], the first such plant in entire South East Asia. In 1928, [[Pinchin Johnson & Associates]] of UK bought control from the British entrepreneurs AN Turner and AC Wright. In 1963, the company's name was changed to Shalimar Paints Ltd after Turner Morisson & Co stepped in as new management.
'''Strategic Transformation'''


⚫
With access to high-end technology, the company introduced many firsts in the industrial coatings segment such as high build zinc coatings, radiation resistant coatings for nuclear power plants, polyurethane paint for fighter aircraft and railway coaches, among others. Shalimar was the first company to paint a fighter aircraft for the [[Indian Army]].<ref name="forbesindia.com">{{cite web|url=http://forbesindia.com/article/boardroom/shalimar-paints-shifts-focus-to-the-decoratives-business/38627/1 |title=Shalimar Paints shifts focus to the Decoratives Business |publisher=forbesindia.com |date=17 September 2014}}</ref>
In 2013, Shalimar Paints embarked on a strategic transformation to become one of the top players in the decorative paints segment.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2014-01-03/news/45837029_1_shalimar-paints-coats-husain |title=Shalimar paints going aggressive to climb higher up on the ladder |work=Economictimes|date=3 January 2014}}</ref><ref>{{cite web|url=http://www.thehindu.com/business/Industry/we-plan-to-carve-out-a-niche-in-decorative-paints-market-shalimar-ceo/article6471596.ece |title=We plan to carve out a niche in decorative paints market: Shalimar CEO |work=thehindu.com |date=5 October 2014}}</ref> As part of the strategy, Shalimar is transitioning to become a more consumer-centric company by growing its decorative business.ref>{{cite web|url=http://forbesindia.com/article/boardroom/shalimar-paints-shifts-focus-to-the-decoratives-business/38627/1 |title=Shalimar Paints shifts focus to the Decoratives Business |publisher=forbesindia.com |date=17 September 2014}}</ref> In 2014, this century-old paint brand rejuvenated its logo and refreshed its positioning to connect with today's consumers.<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/we-will-increase-consumer-business-presence-powered-by-a-new-brand-identity/article5975992.ece |title=We will increase consumer business presence, powered by a new brand identity |publisher=thehindubusinessline.com |date=4 May 2014}}</ref> Recognizing the brand's transformation, Shalimar Paints was awarded the Brand Excellence Award for Brand Revitalization by Ananda Bazar Patrika (ABP) Group in association with World Marketing Congress.<ref>{{cite web|url=http://www.apnnews.com/2014/12/18/shalimar-paints-wins-brand-excellence-award/ |title=Shalimar Paints Wins Brand Excellence Award |work=apnnews.com|date=18 December 2014}}</ref><ref>{{cite web|url=http://www.indiainfoline.com/article/news-business/shalimar-paints-wins-brand-excellence-award-by-world-marketing-congress-114121800186_1.html |title=Shalimar Paints Wins Brand Excellence Award By World Marketing Congress |work=indiainfoline.com|date=18 December 2014}}</ref> Apart from rejuvenating its brand, the company is improving its product mix,<ref>{{cite web|url=http://www.moneycontrol.com/news/results-boardroom/to-focushigh-margin-products-shalimar-paints_1033677.html
|title=To focus on high margin products: Shalimar Paints |publisher=moneycontrol.com |date=29 January 2014}}</ref> launching new products,<ref>{{cite web|url=http://www.thestatesman.net/news/81816-Shalimar-Paints-plans-frequent--product-launch-to-increase-sales.html |title=Shalimar Paints plans frequent product launch to increase sales |publisher=thestatesman.net |date=18 October 2014}}</ref><ref>{{cite web|url=http://www.shalimarpaints.com/upload/media_news/53/Dainik%20Jagran%2018Oct.jpg |title=Shalimar Paints launches new products |publisher=shalimarpaints.com |date=18 October 2014}}</ref> strengthening relationship with dealer partners, improving distribution<ref>{{cite web|url=http://timesofindia.indiatimes.com/city/ahmedabad/Shalimar-Paints-sets-up-regional-distribution-center-in-Ahmedabad/articleshow/37089335.cms |title=Shalimar Paints sets up regional distribution center in Ahmedabad |publisher=indiatimes.com |date=23 June 2014}}</ref> and augmenting manufacturing capacity.<ref>{{cite web|url=http://www.thehindu.com/business/Industry/shalimar-paints-mulls-rs100-cr-capital-infusion/article6401724.ece |title=Shalimar Paints mulls Rs.100 cr capital infusion |publisher=thehindu.com |date=11 September 2014}}</ref>


In a pivotal move in 1972, Shalimar transitioned into a public domain, marking a strategic milestone in its corporate history. Fast forward to 1989, the company underwent a noteworthy transformation through its acquisition by the influential [[O.P. Jindal]] Group in collaboration with the Hong Kong-based S.S. Jhunjhnuwala Group. This strategic partnership not only altered Shalimar's trajectory but also laid the foundation for dynamic developments and collective success.<ref>{{cite news |title=Shalimar Paints appoints Surender Bhatia as COO |url=https://www.business-standard.com/content/b2b-chemicals/shalimar-paints-appoints-surender-bhatia-as-coo-115060101266_1.html |work=[[Business Standard]] |date=1 June 2015}}</ref>
'''Presence and Offerings'''


==External links==
Shalimar Paints is present in 54 cities and towns of India through a network of over 8000 dealers. The company currently has three manufacturing units in Howrah, West Bengal, Nashik, Maharashtra and Sikandrabad, Uttar Pradesh and a new plant is coming up in Goomidipoondi, near Chennai. It has two Research & Development centers in Howrah, West Bengal and Nashik, Maharashtra, focusing on technology, product and process innovations.
* [http://www.shalimarpaints.com/ Official website]


==References==
==References==
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[[Category:Chemical companies of India]]
[[Category:Chemical companies of India]]
⚫
[[Category:Companies based in Mumbai]]
[[Category:Paint companies of India]]
[[Category:Paint companies of India]]
[[Category:Companies established in 1902]]
[[Category:Manufacturing companies based in Gurgaon]]
[[Category:Chemical companies established in 1902]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:1902 establishments in India]]
[[Category:Indian brands]]
[[Category:Paint manufacturers]]
[[Category:Indian companies established in 1902]]
⚫
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 09:09, 22 November 2024

Shalimar Paints
Company typePublic
IndustryPaint
Founded1902
FounderAN Turner, AC Wright
Headquarters
Gurugram
,
India
ProductsPaint
Revenue₹3,673 million (US$43 million)[1]
WebsiteOfficial Website

Shalimar Paints BSE: 509874 is an Indian paints manufacturing company. The company engages in the manufacturing and marketing of decorative paints and industrial coatings. Some of India's buildings and structures such as the Howrah Bridge, Rashtrapati Bhawan, Salt Lake Stadium, All India Institute of Medical Sciences, and many others, continue to be painted with Shalimar Paints.[2]

History

[edit]

Shalimar Paints was founded in 1902 by two British entrepreneurs AN Turner and AC Wright as Shalimar Paints Colour & Varnish Ltd.[3] In the same year, the company set up a large scale manufacturing plant in Howrah, West Bengal, the first such plant in entire South East Asia. In 1928, Pinchin Johnson & Associates of UK bought control from the British entrepreneurs AN Turner and AC Wright. In 1963, the company's name was changed to Shalimar Paints Ltd after Turner Morisson & Co stepped in as new management.

With access to high-end technology, the company introduced many firsts in the industrial coatings segment such as high build zinc coatings, radiation resistant coatings for nuclear power plants, polyurethane paint for fighter aircraft and railway coaches, among others. Shalimar was the first company to paint a fighter aircraft for the Indian Army.[4]

In a pivotal move in 1972, Shalimar transitioned into a public domain, marking a strategic milestone in its corporate history. Fast forward to 1989, the company underwent a noteworthy transformation through its acquisition by the influential O.P. Jindal Group in collaboration with the Hong Kong-based S.S. Jhunjhnuwala Group. This strategic partnership not only altered Shalimar's trajectory but also laid the foundation for dynamic developments and collective success.[5]

[edit]

References

[edit]
  1. ^ "BSE Plus". Bseindia.com. Retrieved 2 January 2015.
  2. ^ "Paintmaker iconic Company Profile". businesstoday.intoday.in/. 10 July 2011. Retrieved 10 July 2011.
  3. ^ "Shalimar Paints Its Future With A New Strategy". Financialexpress.com. 30 August 2003. Retrieved 27 September 2010.
  4. ^ "Shalimar Paints shifts focus to the Decoratives Business". forbesindia.com. 17 September 2014.
  5. ^ "Shalimar Paints appoints Surender Bhatia as COO". Business Standard. 1 June 2015.
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