Asian Paints has announced the renewal of its longstanding joint venture with PPG, extending the collaboration in India for an additional 15 years. The renewed agreement, effective from 2026 and continuing through 2041, reinforces the companies’ commitment to supporting customers across industrial, automotive, protective, marine, powder, and packaging coatings segments with advanced, high-performance solutions.
Amit Syngle, Managing Director and CEO of Asian Paints Ltd, commented on the development: “This renewal reflects the strength and success of our partnership with PPG. It combines PPG’s global technological expertise with Asian Paints’ deep-rooted understanding of the Indian market. Together, we are well-positioned to address the growing demands of the coatings industry across key sectors.”
The original partnership was formed in 1997 with the creation of PPG Asian Paints Private Ltd, a 50:50 joint venture catering to the automotive, refinish, marine, and consumer packaging industries. In 2012, the alliance was expanded with the establishment of Asian Paints PPG Private Ltd to focus on the protective and powder coatings segment. Under the renewed structure, PPG will continue to manage PPG Asian Paints Pvt Ltd, while Asian Paints will retain management control of Asian Paints PPG Pvt Ltd—allowing both entities to maximize their respective strengths.
Asian Paints is India’s largest paint and décor brand and ranks among the world’s top eight coatings manufacturers. With a consolidated revenue of ₹33,797 crore and a market capitalisation of over ₹2.27 lakh crore, the company operates in 14 countries, runs 26 manufacturing plants, and reaches consumers in more than 60 nations under brands such as Asian Paints, Berger, Apco Coatings, Causeway, SCIB Paints, Taubmans, and Kadisco. It is also a major player in India’s home décor segment.
PPG, listed on the NYSE, is a global leader in paints, coatings, and specialty materials, with a legacy spanning over 140 years. Headquartered in Pittsburgh, the company operates in over 70 countries and reported net sales of $15.8 billion in 2024. PPG caters to a broad spectrum of industries, including construction, industrial, automotive, and consumer goods.
