Asian Paints co-founder Suryakant Dani passes away, business runs in 16 countries

Well-known Asian Paints co-founder Ashwin Suryakant Dani passed away on Thursday at the age of 81. His famous Asian Paints business is spread in 16 countries.

Well-known Asian Paints co-founder Ashwin Suryakant Dani passed away on Thursday at the age of 81. Suryakant Dani is India's billionaire businessman. His Asian Paints business runs in 16 countries apart from India. Asian Paints is among the largest paint companies in Asia. Dani was the Vice Chairman and Managing Director of the company from December 1998 to March 2009. Asian Paints gets 85% of its annual revenue from the domestic market.

Who is the owner of Asian Paints?

Many people are not aware about the owner of Asia's famous Asian Paints. This company was started together by Champaklal Choksi, Chimanlal Choksi, Suryakant Dani, Arvind Vakil. These four friends started this company together in a garage. The special thing about this company is that all four who founded this company are friends. Who has created a company worth crores with a simple idea. Today Asian Paints has spread its business in 16 countries across the world.

This company was established on 1 February 1942, about 79 years ago. In 1952, this company had an annual turnover of Rs 23 crore and a PBT margin of 2%. By 1967, this company had become India's leading paint company. Recently the Chairman of this company is Ashwin Dani and Vice Chairman Manish Choksi, CEO is Amit Sinkal and Non-Executive Director is Abhay Vakil.