Asian Paints and PPG Group Renew Partnership to Boost Industrial Coatings Business

Asian Paints Limited and US-based PPG Industries have extended their two joint ventures, PPG Asian Paints Private Limited (PPGAP) and Asian Paints PPG Private Limited (APPPG), for another 15 years from 2026 to 2041. These partnerships, both structured as 50-50 joint ventures, cater to India’s rising demand in automotive coatings, industrial finishes, protective and marine solutions, powder coatings and packaging. The renewal was signed on 4 August 2025 through supplementary agreements between both companies.

Structure and Operations to Remain Consistent 

The management structure remains unchanged, with PPG continuing to lead operations in PPGAP and Asian Paints managing APPPG. Each joint venture’s board will have 4 directors, two appointed by each partner. The CEO and CFO roles will be designated by the company with operational control, and the chairperson will also be chosen from the managing partner. Shareholding stays equally split between Asian Paints and PPG Industries Securities LLC.

Focus on India’s Growing Industrial Coatings Market

As per exchange filings, Amit Syngle, Managing Director and CEO of Asian Paints, stated, “The extension of our partnership with PPG is a reflection of the strong collaboration and value creation we have achieved over the years. This ongoing partnership will continue to leverage PPG’s technological expertise and Asian Paints’ deep market understanding and local relationships to meet the evolving needs of the automotive and other industrial coatings market in the growing domestic sector.”

About Asian Paints and PPG Industries

Asian Paints is India’s largest paints and décor company, operating in 14 countries with 26 manufacturing plants, serving over 60 countries. The company leads in decorative paints and has expanded into integrated home décor solutions through a portfolio of well-known brands.

PPG Industries, headquartered in Pittsburgh, is a global leader in paints, coatings and speciality materials. Operating across more than 70 countries, PPG reported net sales of 15.8 billion dollars in 2024 and serves a broad customer base across automotive, industrial, construction and consumer goods sectors.

Also Read: Asian Paints Seeks to Halt Antitrust Probe, Citing Procedural Errors!

Asian Paints Share Price Performance 

As of August 5, 2025, at 10:46 AM, Asian Paints share price is trading at ₹2,430.60 per share, reflecting a decline of 0.78%. Over the past month, the stock has declined by 0.50%.

Conclusion

The renewed partnership between Asian Paints and PPG signals a deepened commitment to innovation and market leadership in India’s coatings sector. With a stable governance framework and a sharp focus on high-performance products, the extended alliance aims to deliver world-class solutions tailored to India’s dynamic industrial needs.

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