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Shalimar Paints

Company type	Public
Traded as	BSE:  509874 NSE:  SHALPAINTS
Industry	Paint
Founded	1902
Founder	AN Turner, AC Wright
Headquarters	Gurugram , India
Products	Paint
Revenue	₹3,673 million (US$46 million) [1]
Website	Official Website

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 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

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 the public domain, marking a strategic milestone in its corporate history. Fast-forwarding 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]

External links

Media related to Shalimar Paints at Wikimedia Commons

• Official website

References