Ashwin Dani Success Story
Ashwin Dani is associated with the biggest painting company in India and the third largest in Asia, which is known by the name Asian Paints. Shares of the company held by Dani amount to $2.1 billion dollars. The company has made headlines with its shares reaching to 67% in the recent years. The company is aiming to expand in Africa and South East Asia and it is also setting up a brand new factory in Indonesia.
It has also acquired majority stakes in the Kadisco Chemical Industry which is a paints unit in Ethiopia. The company had also bought Sleek, the specialists in modular kitchen in 2013 which brought Asian Paints into the segment of home improvement as well. Currently, Dani serves as the non-executive Vice Chairman of Asian Paints that was founded by his father.
Asian Paints was co-founded by his father in the year 1942 as a mere garage set up with three of his friends. It was the same year in which Ashwin was born. Today, the revenue of Asian Paints is about $1.7 billion and has twenty four factories over seventeen countries. The last fiscal year saw the company raising prices up to five times owing to the inflation.
It is also about to invest a sum of two hundred and twenty five million dollars for expansion. Ashwin, who is now the vice chairman of the company had joined it in the year 1968 and in 1998, he became the managing director of Asian Paints.
Dani has served as the Advisor at the Hitech Plast Limited since May 30th of 2009 and he has also co-founded the Colour Group of India. He had given his services in the post of a Managing Director as well as an Executive Vice Chairman at the Asian Paints Limited from 2008 to 2009. His career started in the year 1967 with InmontCorp as a development chemist.
The company is presently known as BASF and is based in Detroit, USA. He has also been the chairman of the Plastics Limited and the Board of Resins where he had worked till September, 2013. It was in 1968 that he joined Asian Paints as the Senior Executive. With a series of promotions, he ended up being the Director.
Apart from being the chairman of Hitech Plast he also serves for the Gujarat Organics Limited. He renders his services as the Non Executive Director for Resins & Plastics Limited. Since 2009, he has also been the non executive director of the Asian Paints limited.
Dani has served as the non executive independence director for the Sun Pharmaceutical Industries Limited since 2004, January and had also been the independent director for the Wockhardt Hospitals since 2007 and the Director of the ACC Limited since 2011. He is also the director of the Asian PPG Industries Limited, Geetanjali Trading and Investment as well as the Rangudyan Insurance. He also the President of Board of Governance of UDCT Alumni Association of Mumbai.
Mr. Ashwin Dani speaks at the Equitymaster Investor
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