Kansai Nerolac Paints

Kansai Nerolac Paints

Type	Public
Traded as	BSE: 500165 NSE: KANSAINER
Industry	Paint
Founded	1920
Headquarters	Mumbai, India
Key people	H.M.Bharuka (MD)[1]
Revenue	2,377.43 crore (US$482.14 million) [2]
Profit	205.98 crore (US$41.77 million)[2]
Total assets	998.64 Crore
Employees	2000 approx.
Parent	Kansai Paints Ltd.,Japan
Website	Official Website

Kansai Nerolac Paints Ltd (BSE: 500165, NSE: KANSAINER) (formerly known as Goodlass Nerolac Paints Ltd) is largest in industrial paint and second largest decorative paint company based in Mumbai.^[3][4][5] It is a subsidiary of Kansai nerolac paints, JAPAN.^[6] It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipments, bus bodies, containers and furniture industries.

History

It was founded in 1920 as Goodlass Nerolac Paints Ltd.^[7] It was formerly known as Goodlass Nerolac Paints Ltd. In 2006, Company changed it name to Kansai Nerolac Paints Limited.

It has 5 paint manufacturing plants and about 6-7 contract manufacturers. The Nerolac owned plants are at 1. Jainpur (Uttarpradesh) 2. Bawal (Haryana) 3. Lote, Chiplun (Maharastra) 4. Chennai (Tamilnadu) 5. Hosur (Tamilnadu)

Reference

1. ^ 21 Sep, 2010, 03.55PM IST,PTI (2010-09-21). "Indian paint firms on capacity drive; input costs pinch - The Economic Times". Economictimes.indiatimes.com. http://economictimes.indiatimes.com/Paints//articleshow/6600070.cms. Retrieved 2010-09-26. 
2. ^ ^{a b} "BSE Plus". Bseindia.com. http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500165. Retrieved 2010-09-26. 
3. ^ "Paint industry smells a huge opportunity in economic growth | Mint Money". Mintmoney.livemint.com. 2010-07-07. http://mintmoney.livemint.com/mark-to-market/2010/07/paint-industry-smells-a-huge-opportunity-in-economic-growth/. Retrieved 2010-09-26. 
4. ^ "About | Kansai Nerolac Paints Limited". Nerolac.com. http://www.nerolac.com/about. Retrieved 2010-09-26. 
5. ^ "Nerolac Paints to invest Rs 400 cr on expansion". Hindustan Times. 2010-05-06. http://www.hindustantimes.com/Nerolac-Paints-to-invest-Rs-400-cr-on-expansion/Article1-540153.aspx. Retrieved 2010-09-26. 
6. ^ "About Kansai Paints, Japan". http://www.nerolac.com/about/kansai. 
7. ^ "Kansai Nerolac Paints Ltd (882872): Stock Quote & Company Profile - BusinessWeek". Investing.businessweek.com. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=882872. Retrieved 2010-09-27.