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Berger Paints India
BSE: 509480|NSE: BERGEPAINT|ISIN: INE463A01020|SECTOR: Paints/Varnishes
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Company History - Berger Paints India
1940's 
 - James Wilfred Adamson, founder of the British Paints Organization,
 embarked on his career as a traveling salesman. Adamson bought his
 first Oil and Colour business in 1909. By 1917 Adamson was owning
 paint manufacturing companies in Rhodesia, Canada and the Caribbean.
 Elsewhere an Englishman, Mr. Hadfield, set up Hadfield's (India)
 Limited on 17 December, 1923, ...a small paint company in Calcutta.
 Towards the end of 1947 British Paints acquired Hadfield's (India)
 Limited and thus British Paints (India) Limited was incorporated in
 the State of West Bengal. What British Paints, (Holding), UK acquired
 was a company which at that time produced 150 tonnes of ready mixed
 stiff paints, varnishes and distempers. Our 1947 sales was a princely
 RS.25 lakhs, with a total employee strength of 100. The first Managing
 Director of British Paints was Mr. A. V. Niblett.
 
 1950's
 - Sales offices were opened in Delhi and Mumbai and in 1951 a depot
 was started in Guwahati. Sales rose to Rs.6 million in 1952. The
 Company declared its first dividend and shifted the Head Office to
 32, Chowringhee Road, Calcutta. By 1959, modernization of the Howrah
 Factory was completed and the first resin plant commissioned. With
 that, the Company entered the synthetics paints market.
 
 1960's
 - Mr. R. A. Godwin took over as the Chairman & Managing Director in
 1962 and initiated further modernization. By 1965 British Paints
 (Holdings) Limited, UK. was acquired by Celanese Corporation, U.S.A.
 As a result, the controlling interest of the Company passed on to
 CELEURO N.V., Holland. In 1969 Celanese Corporation sold their
 interest in the Indian Company to Berger, Jenson Nicholson Limited,
 UK. It was the beginning of the legacy of Lewis Berger in India -
 which the Company would later take forward to enviable heights.
 
 1970's
 
 -  Mr. D. Madhukar took over as the Managing Director in the year
 1973. Under his expert stewardship the Company took the giant strides
 that made it the fastest growing company in the paint industry.
 Developments took place in every sphere...new sales offices added,
 newer products introduced, new markets opened up and new services
 offered. Sales reached over Rs. 160 million by 1978.
 
 1980's
 
 - Mr. Biji K. Kurien takes over as Chief Executive in 1980. From 31
 December 1983 the name of the Company was changed to Berger Paints
 India Limited (BPIL) with unanimous approval of the shareholders. By
 this time Berger's operations were divsionalised into the Retail
 Business Line (RBL) and the Industrial Business Line (IBL) in order
 to better cater to needs of our customers.
 - Simultaneously, the Company started using the trade name and mark
 BERGER. From 1983 till date, for more than two decades, the Company
 has solely used and developed the name and trademark of BERGER and
 all its other variants in India. BERGER became a household name in
 India.
 - During this period many new products were launched like Luxol Silk
 the first premium emulsion in India, Viton Refinish for cars, Bison
 Acrylic Distemper and Rangoli Acrylic Emulsion.
 
 1990's 
 
 - BERGER PROLINKS, a service aimed at providing paint and application
 related information to professionals was introduced marking one of our
 first steps into painting related services.
 - In 1991, the controlling stake in the Company was acquired by Mr. K
 S Dhingra, Mr. G S Dhingra and their associates. At that time the
 total sales of the Company was Rs 1.15 billion.
 - 1994 witnessed top management change. Mr. Biji K. Kurien, who was
 the Managing Director of the Company for the last 14 years, stepped
 down and Mr. Subir Bose, a 10 year veteran in the Company, took over
 as the new Managing Director. The sales of the Company touched 2.76
 billion by 1995-96.
 - The latter half of the nineties saw BERGER attain the ISO - 9000
 certification (1996) and establishment of BERGER's Quality Management
 System.
 - COLOR BANK tinting system was also launched through which the
 consumer can select from a range of over 5000 colours and which are
 then made available in minutes.
 - As part of its expansion program, a new paint-manufacturing unit at
 Pondicherry was commissioned in early 1997.
 - A Joint Venture - Berger Becker Coatings Limited, was started in
 Goa with Becker Industraifarg A. B., Sweden.
 - In 1999, Rajdoot Paints Ltd. was merged with the Company. The
 merger resulted in addition of two new factories at Goa and
 Sikandrabad, U.P., a joint venture company by the name of Berger
 Becker Coatings Private Limited, a network of new depots and several
 new brands.
 
 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+.
 
 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.
 
 2002
 
 -Acquires 50% stake in Berger Auto & Industrial Coating Ltd. 
 
 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.
 
 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
 
 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.
 
 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
 
 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.
 
 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 .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.
 
 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.
 
 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.
 
 2011
 
 -BergerPaints - Board recommended Final Dividend of Re. 0.80 per
 share (40%) of face value of Rs. 2/- each
 
 2012
 
 -Berger enters new chemicals business
 
 - Berger Paints introduces new products
 
 -Berger Paints gains over 2% on stake hike by UK Paints
 
Source : Dion Global Solutions Limited
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