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legacy

The history of Shalimar Paints is the history of the paint industry in India and South-East Asia. Shalimar Paint Color & Varnish Company was established in 1902 in Howrah, West Bengal by two Britishers - A N Turner and A N Wright. In the same year, the company set-up a large-scale manufacturing plant in Howrah, the first such plant in entire South-East Asia.

Rapidly expanding presence and reach, Shalimar soon became the country’s leading paint brand. India’s iconic structures like Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake Stadium, continue to use Shalimar Paints. With access to high-end technology in the industrial coatings segment, Shalimar Paints pioneered aviation coatings, marine paints and the painting of thermal power plants.

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Board of Directors

surender-kumar Dr Rajeev Uberoi

Dr. Rajeev Uberoi has been working as Senior Group President –Governance and Controls, of Yes Bank Limited since July, 2019. Prior to joining Yes Bank Limited, he has worked with IDFC Bank Limited as General Counsel and Group Head-Legal and Compliance since 2009. In his previous experiences, he has worked with several domestic and multinational banks such as Standard Chartered Bank, Union Bank of India, State Bank of India, Reserve Bank of India as Asst. General Manager, Dept. of Banking Supervision, Citibank as Vice President & Regulatory Head; ANZ Grindlays Bank as Head-Risk Management & Compliance –India. Dr. Uberoi is also a profound writer and has a lot of publications to his credit. He is also a member of various Committees and has been active on the Speaker circuit. He is a recipient of many accolades and awards and his contribution to the legal fraternity has been recognized in the Industry.

Dr. Uberoi is a lawyer and a Canadian Commonwealth Scholar with a Masters from McMaster University and a Ph.D. in Economics.He also possesses a Post Graduate Diploma in Business Administration from the Management Development Institute (MDI). He is also on the Board of MPCON Limited, IFCI Infrastructure Development Limited and NICDC Haryana Global City Project Limited. He had been on the Board of other reputed organizations like Jindal Stainless Limited and Management Development Institute(MDI), Gurugram as well.

surender-kumar Mr. Aaditya Gajendra Sharda

Mr. Aaditya Gajendra Sharda is the Co-founder of Infra.Market, a con-tech solutions company that is rebuilding the future of construction through innovation and technology. Founded in 2016, Infra.Market is shifting the gears of this highly traditional sector through technology, thereby emerging as one of the fastest-growing unicorns with best-in-class economics and profitability metrics.

Mr. Aaditya Sharda oversees cross-functional verticals, including Business Development, Commercial Operations, and deployment of services that impact the lives of customers, partners, and employees. His profile revolves around creating a strong foundation and helming processes and systems to help Infra.Market scale pan-India. Additionally, he drives the vertical integration of both, the operational and strategic teams to deliver an exceptional customer experience, all while determining unconventional pathways toward meaningful growth.

Having more than ten years of entrepreneurial experience, he is an expert in identifying and solving complex business problems with incredible agility. Prior to starting Infra.Market, he was a serial entrepreneur in the Construction Sector for many years. He is an alumnus of IIM Ahmedabad.

He is a strong believer in leading a balanced life with an equal focus on the career as well as physical and mental fitness. In his spare time, he enjoys spending time with his family and travelling.

surender-kumar Mr. Souvik Pulakesh Sengupta

Mr. Souvik Pulakesh Sengupta is a Chartered Accountant with over 7 years of experience in P&L Ownership and Management. An alumnus of IIM Bangalore, Mr. Souvik completed his graduation from Sydenham College in Mumbai. Mr. Souvik heads Finance and Investor Relations at Infra.Market.

surender-kumar Mr. C. Venugopal

Mr. C. Venugopal has 3 decades of rich & varied leadership experience in Organisation Building / Business Development / Brand Management / Sales & Marketing at various levels in some of the most well-known MNC's. He has managed some of the most competitive categories working with Morton Foods Ltd., Umang Dairies Limited, Nippon Paint India, Kansai Nerolac Paints, Godrej Sara Lee, Reckitt Benckiser, Cavin Kare etc. and has demonstrated ability to lead businesses through Brands successfully. He is a good Leader and agile learner with entrepreneurial approach and high empathy levels. He has always gone beyond the treaded path and solved problems. Mr. C. Venugopal holds a bachelor’s in Mathematics & Physics and MBA in Marketing.

Atul-Rasiklal Mr. Atul Rasiklal Desai

Mr. Atul Rasiklal Desai is an experienced leader with 30+ years’ experience in the Building Materials Industry. He has demonstrated strategic vision driving growth and excellence across all organizations. He is skilled in navigating market dynamics, leading teams, and adapting to industry complexities. Proficient in unlocking business potential and identifying strategic opportunities. A results-driven leader with strategic acumen, leadership prowess, and a talent for fostering collaboration.

He has served as a Director at Ardex Endura (JV with Ardex, Germany and Prism Johnson Ltd. India), held the position of CEO at Prism Johnson Ltd., and successfully led the company in delivering improved outcomes, solidifying its position in the RMC sector among world's leading companies. He has in-depth knowledge on Distribution and Logistics across all geographies in India owing to overall understanding of Cement Industry operations. He has also served as Whole Time Director on Reliance Cement and worked with Star Cement, Ambuja Cements Ltd. etc.

He was recognized as a change maker in the RMC industry by Brand Vision for the years 2020 & 2022. He had received the Leader of the Year award in the RMC industry by CEO Magazine and honoured with Excellence award for industrial development by the Indian Economic Development and Research Institute.

Mr. Atul Rasiklal Desai holds a bachelor’s in Engineering (Chemical) from Gujarat University and MBA (Marketing) from South Gujarat University.

surender-kumar Ms. Shan Jain

Shan is an Independent Marketing and Brand Consultant with over 29 years of experience in building, turning around brands, and creating growth led communication strategies for small and big brands alike. She uses insightful techniques and cross-category experiences which is needed for brands’ survival in the new-world economy. She leverages her unique numerical understanding for deciphering and making data backed decisions.

Shan is also certified and trained to become an Independent Director by ISB-EY, and has good understanding of corporate governance, board functions and key committee roles. Currently she is serving on the Board of United Way Delhi, a not for profit NGO in Community Development.

Having spent 29 years in cracking and mastering the game of marketing and brand building, she is now helping Start-up’s and SME’s achieve their goals, focussing on end to end digital transformation and digital execution. She has worked extensively with some of India’s most iconic legacy companies and successful start-ups, across diverse categories ranging from Foods to Technology viz., Unilever, GSK, Nestle, Marico, Asian Paints, Dominos, Maruti, Sun Pharma, Cipla, BSNL, Whirlpool, Religare, Med Life, Naukri.com. Last, as Chief Strategy Officer of the Rs 3000 cr company, Madison Media, Shan has nurtured the current client’s brand strategies as well as added 10% to the top line by adding new businesses, in the short span of 2 years.

Prior to Madison, Shan has been an architect of communication strategies across a wide spectrum of Media and Creative Agencies like, McCann, Lintas, FCB Ulka, Rediffusion, RK Swamy, Mindshare, Publicis. She understands that both the message and the medium have a co-joint role in brand building. Shan has over 350 awards credited to her, across different categories/companies, nationally and internationally. She was the conceptualizer and leader of the famous, globally acclaimed “Kissanpur” campaign for Kissan Ketchup, Unilever.

She drives transformational changes in the clients’ marketing organization by conducting Workshops to adapt to the new outcomes-driven world. She has developed “ Marketing Playbooks” that drives executional and activation excellence across all media channels.

She has held diverse positions such as Office Head in RK Swamy and Rediffusion, to Head Business Transformation at Publicis to Client Leader for Unilever and GSK at Mindshare, GroupM. Awarded "Best Client Leader of the Year 2015" at the prestigious “Exchange for Media” awards. Shan also works in the area of Mental sustainability. She is a Mandala artist and evangelist and is the Founder of Sambala, focussing on Inner Leadership. Shan’s life mission is to enable a million women towards personal mastery, for which she leads Mandala art workshops, and in June 2019, debuted her workshop in New York. She believes in Ubuntu philosophy – “I am because we are”. Visit www.sambala.co.in. Shan holds a Masters in Operations Research, St Stephen’s College, University of Delhi, batch of 1992, and a Bachelors in Mathematics, from Miranda House, University of Delhi, batch of ‘87-1990, and she has a certified degree from ISB-EY, that qualifies Women to be in board positions.

surender-kumar Mr. Vijay Kumar Sharma

Mr. Vijay Kumar Sharma is an experienced Leader with close to 40 years’ of corporate experience. He has navigated diverse roles in a myriad of areas within the stainless steel and automotive industries, such as corporate affairs, sales, distribution, corporate branding, marketing, business development, strategy formulation, supply chain management, market research, product development, and customer service and outreach. He has also overseen the profitability of the service centre chains of the Jindal Stainless group in India and Spain.

His leadership capabilities and expertise in business analytics, innovation, team building, process optimisation, scalable operations, business transformation and organisation development have been an inspiration, as he has led highly successful and motivated teams throughout his tenure. His varied experiences have only served to contribute towards his professional credentials, as he brings a fresh and diversified perspective in everything he does.
An able orator and an avid proponent of social media, Mr. Sharma is a regular speaker in premium institutes as well as national and international webinars and conferences. His views on the business landscape resonate with many and are frequently published in various industry magazines. He has been awarded multiple accolades for his contributions to the stainless steel and automotive industries.

Viewed as a leading voice in many spectrums of the business world, he is on the boards of the Indian Iron and Steel Skill Sector Council, Shalimar Paints, JSL Lifestyle and Jindal Stainless Steelways Ltd. He serves as the chairman of the Haryana State Development Council of ASSOCHAM. He also actively participates in various initiatives of apex associations like FICCI, CII, PHDCCI, ISA and ISSDA. Mr. Sharma is also deeply committed to giving back to society and is actively engaged with many NGOs. Mr. Sharma acquired his graduate degree in engineering from Punjab Engineering College, Chandigarh, and MBA from the Faculty of Management Studies, Delhi. He has also pursued specialisations from distinguished institutes such as IIFT, YMCA, AOTS, Aptech and IIM(A).

Constitution of Audit Committee
Name Designation
Mr. Vijay Kumar Sharma Independent Director (Chairman)
Dr. Rajeev Uberoi Independent Director
Ms. Shan Jain Independent Director
Mr. Aaditya Gajendra Sharda Non-Executive Non-Independent Director
Constitution of Nomination and Remuneration Committee
Name Designation
Mr. Atul Rasiklal Desai Independent Director (Chairman)
Dr. Rajeev Uberoi Independent Director
Ms. Shan Jain Independent Director
Constitution of Stakeholders Relationship Committee
Name Designation
Mr. Atul Rasiklal Desai Independent Director (Chairman)
Mr. C. Venugopal Whole-time Director
Ms. Shan Jain Independent Director
Mr. Aaditya Gajendra Sharda Non-Executive Non-Independent Director
Constitution of Corporate Social Responsibility Committee
Name Designation
Dr. Rajeev Uberoi Independent Director (Chairman)
Mr. C. Venugopal Whole-time Director
Mr. Souvik Pulakesh Sengupta Non-Executive Non-Independent Director
Constitution of Risk Management Committee
Name Designation
Ms. Shan Jain Independent Director (Chairperson)
Dr. Rajeev Uberoi Independent Director
Mr. C. Venugopal Whole-time Director
Mr. Souvik Pulakesh Sengupta Non-Executive Non-Independent Director

Contact details of personnel authorized to determine materiality of event

Name Designation Address E-mail Phone No.
Mr. Ashok Kumar Gupta Managing Director 1" Floor, Plot No. 28, Sector 32, Gurugram- 122001 Ashok.gupta@shalimarpaints.com +91-124-4616600
Mr. Sachin Naik Chief Financial Officer 1st Floor, Plot No. 28, Sector 32, Gurugram- 122001 sachin.naik@shalimarpaints.com +91-124-4616600
Ms. Shikha Rastogi Company Secretary & Head - Legal 1st Floor, Plot No. 28, Sector 32, Gurugram- 122001 shikha.rastogi@shalimarpaints.com +91-124-4616600

R & D

Shalimar Paints believes in paint innovations that protect infrastructure and assets, and enrich consumers' home lives. The company pioneered industrial coatings technology in India with several industry firsts such as high build zinc coatings, radiation resistant coatings for nuclear power plants, polyurethane paint for fighter aircraft and railway coaches, among others.

Recognizing the importance of R&D, the company set up its first R&D centre in Howrah, West Bengal in 1902. This centre holds the distinction of being the first Indian in-house R&D unit to get recognized by the Department of Scientific & Industrial Research (DSIR), Govt of India, in 1979. To keep pace with the company’s growth and expansion, it set up its second R&D centre spread over 10,000 ft, in Nashik, Maharashtra in 2009.

Equipped with world-class infrastructure and manned by skilled talent, the R&D centres focus on:

  • Product and process innovations
  • Development and prototyping of innovative, environment friendly technologies
  • Creating new business opportunities by bridging technology and product gaps faster
  • Customisation of Industrial Coatings products as per customer requirement
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Corporate Social Responsibility

Shalimar Paints has been one of the earliest adopters of CSR in India. From early twentieth century, the company has been working to create a positive impact on the community and supporting marginalized sections of the society.

CSR Vision & Activities

Shalimar Paints stands for positive transformation. With its Corporate Social Responsibility philosophy 'Paint the Change - Colors of Change' the company aims to bring change that betters the quality of people’s lives. Shalimar seeks to undertake positive interventions in the areas of Education, Health, Environment and Community Development that have a measurable, long-term impact.

Programmes include:

  • Education support for primary school children
  • Conservation at manufacturing plants
  • Health and Community Development programmes 
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Distribution Network

Shalimar Paints has a pan-India sales and distribution network. With 30+ depots, the company services more than 5,000 dealers across the country.

The company strongly believes that service is the key in paints business. For greater distribution efficiency and improved customer service, the company has 4 redistribution centres - in East (Howrah), West (Bhiwandi), North (Sikandrabad) and South (Chennai) zones of the country. With more regional distribution centres in the pipeline, Shalimar Paints is poised to provide superior customer service all over India. 

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Manufacturing Facilities

Shalimar Paints set up South-East Asia’s first ever large-scale manufacturing plant in 1902 in Howrah, West Bengal. As the company expanded its footprint across India, it established its second manufacturing unit in Nashik, Maharashtra in 1992 to cater to the Western region.

With the growing demand from the Northern region, Shalimar Paints set up its third manufacturing facility in Sikandrabad, U.P. in 2002. Both, decorative and industrial paint products are manufactured at the plants.

To serve the southern market and strengthen its product portfolio, the company has set up a greenfield plant in Chennai catering the ever expanding product line meeting the new requirements of the market.

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