Kansai Nerolac Paints

Kansai Nerolac Paints Limited (BSE: 500165, NSE: KANSAINER) (formerly known as Goodlass Nerolac Paints Ltd) is the largest industrial paint and third largest decorative paint company of India based in Mumbai.[3][4][5] It is a subsidiary of Kansai Paint of Japan.[6] As of 2015, it has the third largest market share with 15.4% in the Indian paint industry.[7] It is engaged in the industrial, automotive and powder coating business.[8] It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.[9][10]

Kansai Nerolac Paints Limited
TypePublic
BSE: 500165
NSE: KANSAINER
IndustryChemicals
Founded1920
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
H.M.Bharuka (MD)[1]
Products
RevenueIncrease₹7,568.71 crore (US$950 million) (2023)[2]
Increase₹634.89 crore (US$80 million) (2023)[2]
Increase₹468.47 crore (US$59 million) (2023)[2]
Total assetsIncrease₹6,306.36 crore (US$790 million) (2023)[2]
Total equityIncrease₹4,560.41 crore (US$570 million) (2023)[2]
Number of employees
2,992 (2020)[2]
ParentKansai Paint
Websitenerolac.com

History
  • 1920 : It started as Gahagan Paints & Varnish Co. Ltd. at Lower Parel in Mumbai.[11]
  • 1957 : Goodlass Wall Pvt. Ltd. grew popular as Goodlass Nerolac Paints (Pvt.) Ltd. Also, it went public in the same year and established itself as Goodlass Nerolac Paints Ltd. .
  • 1976 : Goodlass Nerolac Paints Ltd. became a part of Tata Forbes Group on acquisition of a part of the foreign shareholdings by Forbes Gokak. .
  • 1983 : Goodlass Nerolac Paints Ltd. strengthened itself by entering in technical collaboration agreement by Kansai Paint Co. Ltd., Japan and Nihon Tokushu Tokyo Co. Ltd., Japan.
  • 1999 : Kansai Paint Co. Ltd. , Japan took over the entire stake of Tata Forbes group and thus Goodlass Nerolac Paints became wholly owned subsidiary of Kansai Paint Company Ltd.[12]
  • 2006 : On 11 July, Goodlass Paint Ltd. name has been changed to Kansai Nerolac Paints Ltd.

Company overview

Kansai Nerolac Paints has 6 paint manufacturing plants and about 6–7 contract manufacturers. The Nerolac owned plants are at 1. Jainpur, Kanpur Dehat (Uttar Pradesh) 2. Bawal (Haryana) 3. Lote, Chiplun (Maharashtra) 4. Hosur (Tamil Nadu) 5. Sayakha (Gujarat) 6. Goindwal (Punjab) 7. Visakhapatnam (Andhra Pradesh) (Upcoming [13])

Kansai Nerolac Paints Ltd. has entered into many technical collaborations with other industry leaders such as E.I. Du-products.[14]

The Mumbai-based company is the leader in the industrial paints segment with a market share of over 40%.[15] It is the third-largest player in the decorative paints segment with a modest market share of 13%. Nearly 75% of the Indian paints industry consists of the decorative segment.[16]

Parent company

Kansai Paint was founded by Katsujiro Iwai in Amagasaki City, Japan in May 1918.[17] Kansai Paint is a comprehensive manufacturer of paints and coatings. The Products include- Automotive Coatings, Industrial coatings, Decorative coatings, Protective coatings and Marine Coatings.[18] They are also present in U.K., Turkey, U.S., Canada, Mexico, UAE.[18]

Products and services

Technologically innovative products are the company's hallmark. Kansai Nerolac Paint offers differentiated products with a focus on being eco-friendly and healthy.[19] Kansai Nerolac Paint’s key products and brands include the following:

  • Decorative Paints: Interior wall paints, exterior wall paints, Wood surface paints, and Metals surface paints.[20]
  • Automotive Coatings :Pre-Treatment Chemicals, Electrodeposition. Intermediate Coats/Primer Surfacers, Topcoats, Clear Coats, Touch Up Paints, Auto Refinishing Products, Heat Resistant Paints, Underbody Paints & PVC Sealants & Rapgard Transit Protection Films.[20]
  • Performance Coatings: Performance Coating is available for a wide range of products. For household appliances and metal fittings in factories, there is a comprehensive range of general industrial coating systems like P.T. chemicals, Primers and lacquers, Coil Coat, Heat Resistant Paints & Metal Decoration Coatings. Powder Coating is now increasing in popularity because of its high quality, resistance to corrosion, the apparent ease of application and the environmental friendliness of the technology.[20]

Marketing and advertising

Kansai Nerolac has run advertising campaigns, including television commercials, with Bollywood actors including, Shah Rukh Khan & Ranveer Singh[21] and radio station Red FM..

Awards and achievements
  • Golden Peacock Environment Management Award, 2005.[22]
  • Short listed for the Best Managed Company Award from Business Today & A.T. Kearney 2005.[23]
  • Best Vendor Award from customers like Toyota Kirloskar Motors Ltd. (TKML) for Cost and from Maruti Udyog Ltd.(MUL) on overall commendation.[24]
  • Awards for Marketing Initiatives like Cannes 2007 Bronze for Press Ad.[25]
  • Reader's Digest Trusted Brands Gold Awards, 2008.[26]
  • Product of the Year Award 2010 for Nerolac Excel April 2010.[27]
  • Product of the Year Award 2011 for Nerolac Excel Total with Heat-Guard Technology April 2011.[28]
  • Sustainability Award for outstanding contribution by Mahindra & Mahindra – October 2011.[29]
  • Best Vendor Performance Award in Paint Supplier's Category by Honda Motors cycles & scooters at their annual conference 2012.[24]
  • ASAPP Media Information Group – Construction World Magazine Ranked Kansai Nerolac Paints First.[30]

References
  1. "Indian paint firms on capacity drive; input costs pinch – The Economic Times". Economictimes.indiatimes.com. 21 September 2010. Retrieved 26 September 2010.
  2. "Kansai Nerolac Paints Financial Statements" (PDF). nseindia.com. Retrieved 8 May 2023.
  3. "Paint industry smells a huge opportunity in economic growth | Mint Money". Mintmoney.livemint.com. 7 July 2010. Retrieved 26 September 2010.
  4. "About | Kansai Nerolac Paints Limited". Nerolac.com. Retrieved 26 September 2010.
  5. "Nerolac Paints to invest Rs 400 cr on expansion". Hindustan Times. 6 May 2010. Archived from the original on 24 May 2010. Retrieved 26 September 2010.
  6. "Overseas network". Kansai Paint. Archived from the original on 10 March 2016. Retrieved 27 February 2015.
  7. "CMR's India Paints Report 2016 - CyberMedia Research-CMR" (PDF). cmrindia.com. Archived from the original (PDF) on 12 November 2016. Retrieved 8 November 2016.
  8. Jethmalani, Harsha (10 May 2023). "Kansai Nerolac brushes up strategy to beat competiton blues". mint.
  9. "Accumulate Kansai Nerolac Paints; target of Rs 486: Prabhudas Lilladher". Moneycontrol. 13 May 2023.
  10. "Kansai Nerolac Paints shares trade ex-bonus; stock up 8%". Business Today. 4 July 2023.
  11. "ApnaGhar - Wall Paint Colors, House Painting Colors". Archived from the original on 24 April 2014. Retrieved 17 April 2013.
  12. "Kansai Nerolac LTD: A paint for your portfolio to color | Bulls Scrip". Archived from the original on 16 June 2013. Retrieved 15 June 2013.
  13. "Kansai Nerolac sees month-on-month improvement in auto coatings sales". 22 September 2020.
  14. "About Kansai Nerolac". Archived from the original on 24 April 2014. Retrieved 17 April 2013.
  15. "Multi Baggers". Poweryourtrade.moneycontrol.com. Retrieved 19 August 2022.
  16. "Bulls Scrip". Archived from the original on 14 August 2013. Retrieved 15 June 2013.
  17. Asano, T; Komatsu, M; Yamaguchi-Iwai, Y; Ishikawa, F; Mizushima, N; Iwai, K (2011). "Distinct mechanisms of ferritin delivery to lysosomes in iron-depleted and iron-replete cells". Mol. Cell. Biol. 31 (10): 2040–52. doi:10.1128/MCB.01437-10. PMC 3133360. PMID 21444722.
  18. "Research & Development Stages | Corporate Profile | Kansai Paint Co.,LTD". Archived from the original on 3 April 2013. Retrieved 23 April 2013.
  19. "Kansai Nerolac: Despite difficult 3rd quarter,it is well-positioned to grow". The Times Of India. 6 February 2012.
  20. "Nerolac".
  21. "Best Media Info, News and Analysis on Indian Advertising, Marketing and Media Industry". Best Media Info. BestMediaInfo.com. Retrieved 18 August 2019.
  22. "Nerolac awarded Golden Peacock environment award".
  23. http://specials.indiatoday.com/btevent/best-manage.pdf
  24. "A study on Kansai Nerolac Paints Limited | Principles of Management". 31 July 2012.
  25. "Kansai Nerolac Paints Limited - Manufacturer from Mumbai, Maharashtra, India". Archived from the original on 16 June 2013. Retrieved 16 April 2013.
  26. "Kanasi Nerolac Paints Limited - Manufacturer from Mumbai, Maharashtra, India". Archived from the original on 24 April 2014. Retrieved 16 April 2013.
  27. http://www.moneycontrol.com/bse_annualreports/5001650312.pdf
  28. "Nerolac-KNPL Report 2011 | PDF | Board of Directors | Corporate Governance".
  29. http://nitieim19pomb082.blogspot.in/
  30. http://www.indiainfoline.com/Markets/Company/Fundamentals/Management-Discussions/Kansai-Nerolac-Paints-Ltd/500165
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