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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.


Board of Directors

surender-kumar Dr Rajeev Uberoi

Dr. Rajeev Uberoihas 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.

ashok-kumar Mr. Ashok Kumar Gupta

Ashok Kumar Gupta is the Director at Shalimar Paints, India’s leading and most iconic paint manufacturer. In his role at the organization, Mr. Ashok Gupta oversees the overall operations of the brand while also framing successful growth strategies for the brand. Holding a Master’s degree in Physics and PGDBA, Mr. Ashok Gupta is an industry veteran with over three decades of experience in leadership positions at reputed organizations including SAIL, Jindal Industries, Surya Roshni, Arcelor Mittal etc., specializing in driving business transformation, growth, and profitability. While at Jindal Stainless, Mr. Ashok Gupta was deeply involved in turning the company around from a loss-making unit to a profitable business. His expertise was once again brought to the fore at APL Apollo Tubes Limited, an INR 9,000 crore company, where he recently served as the Managing Director. Under his leadership, APL Apollo Tubes Limited has consistently grown at a CAGR of 20%. Over the years, the company has grown from 2.5 lac tons facility to over 25 lac tons facility.Mr. Ashok Gupta joined Shalimar Paints in June 2018. Under his guidance the Company witnessed an impressive turnaround and led a successful rights issue worth INR 200 crore. These funds, made available as working capital, have helped Shalimar Paints become EBITDA positive in the current financial year and register a year-on-year business growth of more than 30%.Mr. Gupta’s expertise lies in bringing about business transformation by carefully developing strategies that fits best in the interest of the company. He has a sharp financial and business acumen and also a great ability to take the team together.

surender-kumar Mr. Abhyuday Jindal

A Boston University graduate in Economics and Business Management, Mr. Abhyuday Jindal has a wide ranging experience in the areas of project management, supply chain systems, and strategic & general management. Currently, he is the Managing Director of Jindal Stainless Limited and Jindal Stainless (Hisar) Limited. He is also the Co-Chair for FICCI’s Steel Committee.

Mr. Jindal started his career with the JSW Group. There, he played a prominent role in the stake acquisition of Ispat Industries and the post-acquisition integration of JSW and Ispat. He then moved on to the Boston Consulting Group, where he managed project consultancy for diverse industries, including cement, steel, wind turbines, and auto components. Having gained a deep understanding of the industrial manufacturing arena, Mr. Jindal entered the USD 2.70 billion (as of March’ 21) Jindal Stainless organization.

Driven by the ambition to go beyond the ordinary, Mr. Jindal took multiple strides in improving supply chain and operational efficiencies. Today, he is shaping Jindal Stainless into a far more dynamic, responsive, predictive, and solution- based organization. As a leader in the stainless steel landscape of the country, Mr. Jindal has explored and unlocked new avenues for providing stainless solutions to stakeholders with the vision to improve lives. Helmed by him, the organization has built uncontested market leadership and made foray into new fields. Strongly rooted in the Indian soil, Mr. Abhyuday Jindal’s community-centric transformational approach has led to the development and sustenance of several empowerment initiatives in and around its production facilities. His signature style has endeared him further among employees. He personifies open and participative management, a consistent culture of dialogue and feedback and a relentless march towards continuous improvement.

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. Vijay Sharma

Mr. Vijay Sharma is an Engineer from PEC, Chandigarh and MBA from FMS, Delhi. In addition, he has also done various specializations from Institutes like; IIFT, YMCA, AOTS, Aptech & IIM (A). He has worked with various reputed corporates such as Jindal Stainless Limited & Escorts Yamaha Limited in various capacities

With over 35 years of experience in International & Domestic markets, Mr. Sharma has steered roles in the areas of Corporate affairs, Sales, Distribution, Corporate Branding, Marketing & Business Development, Strategy Formulation, market research & product development, customer outreach & satisfaction. He has also handled P&L accountability of the Service center chains of the Jindal Stainless Group in India and in Spain.

His proven abilities in business analytics, team building, process optimization, scalable operations, business transformation and organization development have enabled him to lead some of the best performing and engaged teams.

A widely travelled professional, Mr. Sharma brings to the table his keen insights from exposure to more than 50 countries.

An able orator and an avid social media proponent, Mr. Sharma is a regular presenter in premium academic institutes, national & international conferences. He has been awarded multiple accolades for his contribution in Stainless Steel & Automotive Industry.

surender-kumar Mr. Sanjiv Garg

Mr. Sanjiv Garg, the Founder and CEO of JindalX, one of the India’s leading process management and software development organizations, has experience in working with organizations both in India and abroad. He has worked with the nuclear power industry in the US and has run multiple businesses in India. He brings the commitment to innovate, as well as the experience to create and manage an integrated services Company offering Data Analytics, Business Intelligence, Software Development, RCM as well as BPO. He has recently headed a mega project in Rajasthan for the exploration / mining of a low-grade Iron ore and downstream Beneficiation and a Pellet Plant.

Mr. Sanjiv Garg is an investor in emerging technologies in nano materials as well as machine learning.

Mr. Sanjiv Garg has a Bachelor’s degree in Engineering from the Indian Institute of Technology, New Delhi and a Master’s in Engineering from Northwestern University, USA.

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.

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.

Constitution of Audit Committee
Name Designation
Mr. Vijay Kumar Sharma Independent Director (Chairman)
Dr. Rajeev Uberoi Independent Director
Ms. Shan Jain Independent Director
Mr. Souvik Pulakesh Sengupta Non-Executive Director
Constitution of Nomination and Remuneration Committee
Name Designation
Mr. Sanjiv Garg Independent Director (Chairman)
Dr. Rajeev Uberoi Member, Independent Director
Mr. Vijay Kumar Sharma Independent Director
Mr. Souvik Pulakesh Sengupta Member, Non-Executive Non-Independent Director
Constitution of Stakeholders Relationship Committee
Name Designation
Mr. Sanjiv Garg Independent Director (Chairman)
Mr. Ashok Kumar Gupta Managing Director
Mr. Souvik Pulakesh Sengupta Non-Executive Director
Ms. Shan Jain Independent Director
Constitution of Corporate Social Responsibility Committee
Name Designation
Ms. Shan Jain Independent Director(Chairperson)
Mr. Ashok Kumar Gupta Member, Managing Director
Mr. Souvik Pulakesh Sengupta Member, Non-Executive Non-Independent Director
Constitution of Risk Management Committee
Name Designation
Dr. Rajeev Uberoi Independent Director (Chairman)
Mr. Ashok Kumar Gupta Managing Director
Mr. Vijay Kumar Sharma Independent Director
Mr. Souvik Pulakesh Sengupta Non-Executive 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. Davinder Dogra Chief Financial Officer 1st Floor, Plot No. 28, Sector 32, Gurugram- 122001 davinder.dogra@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

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 

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. 


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.