Asain Paints
ompany History - Asian Paints Ltd.
1945
- The Company was incorporated as a private limited company under the name of Asian Oil and Paint Company Pvt. Ltd. It was converted into a public limited company in 1973. The Company manufacture a wide range of surface coatings catering to different end-uses. It also manufactures vinyl pyridine latex used in the manufacture of rubber tyres.
- The company expanded its products range, developed its own technology, set up a distribution network penetrating in smaller towns and ploughed back a large part of earnings into creation of new facilities.
1965
- The name was changed from Asian Oil and Paint Company Pvt. Ltd. to Asian Paints (India) Pvt. Ltd.
1974
- A major modernisation programme was undertaken to streamline the paint production facilities by improving the layout of machines, addition to balancing equipment and replacement of old machinery. The Company embarked on phased modernisation of resin manufacturing facilities as well.
- The Bhandup plant of the Company is reportedly the largest single paint factory in the country and one of the most up-to-date with sophisticated machinery and equipment for manufacturing a wide range of paints and other products besides adequate resin manufacturing capacity to meet its entire requirements.
1975
- Bonus Equity shares issued in the prop. 1:2 in 1961, 1:3 in 1962, 1:1 in 1966, 1:2 in 1969, 2:3 in 1971 and 1:2 in 1975.
1978
- 1,00,000 Bonus Equity shares issued in the prop. 2:3.
1980
- 50,000 unclassified shares classified as prefernece shares and issued. They are redeemable during the period 30.6.1987/1990.
1982
- The main objects of the public issue of capital during August, were to fulfill the listing requirements of the Stock Exchange and to provide part of the finance for the increased operations.
1983
- Equity shares subdivided. 10,00,000 Bonus shares issued in prop. 2:5, 16,85,185 No. of Equity shares issued (prem. Rs 13
1945
- The Company was incorporated as a private limited company under the name of Asian Oil and Paint Company Pvt. Ltd. It was converted into a public limited company in 1973. The Company manufacture a wide range of surface coatings catering to different end-uses. It also manufactures vinyl pyridine latex used in the manufacture of rubber tyres.
- The company expanded its products range, developed its own technology, set up a distribution network penetrating in smaller towns and ploughed back a large part of earnings into creation of new facilities.
1965
- The name was changed from Asian Oil and Paint Company Pvt. Ltd. to Asian Paints (India) Pvt. Ltd.
1974
- A major modernisation programme was undertaken to streamline the paint production facilities by improving the layout of machines, addition to balancing equipment and replacement of old machinery. The Company embarked on phased modernisation of resin manufacturing facilities as well.
- The Bhandup plant of the Company is reportedly the largest single paint factory in the country and one of the most up-to-date with sophisticated machinery and equipment for manufacturing a wide range of paints and other products besides adequate resin manufacturing capacity to meet its entire requirements.
1975
- Bonus Equity shares issued in the prop. 1:2 in 1961, 1:3 in 1962, 1:1 in 1966, 1:2 in 1969, 2:3 in 1971 and 1:2 in 1975.
1978
- 1,00,000 Bonus Equity shares issued in the prop. 2:3.
1980
- 50,000 unclassified shares classified as prefernece shares and issued. They are redeemable during the period 30.6.1987/1990.
1982
- The main objects of the public issue of capital during August, were to fulfill the listing requirements of the Stock Exchange and to provide part of the finance for the increased operations.
1983
- Equity shares subdivided. 10,00,000 Bonus shares issued in prop. 2:5, 16,85,185 No. of Equity shares issued (prem. Rs 13