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Shalimar Paints on expansion spree

05 May 2014 Evaluate

Shalimar Paints is on a major expansion and diversification drive. The 112-year-old paint-maker, which has a dominant market share in paints for industrial applications, plans to give special thrust to consumer products and step up its retail presence with a new brand. In this regard, the company will commission Rs 55-crore plant near Chennai later this year.

Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.

Peers
Company Name CMP
Asian Paints 2451.10
Berger Paints India 460.35
Kansai Nerolac Paint 182.20
JSW Dulux 3168.00
Indigo Paints 1141.35
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