Kansai Nerolac Paints Limited (KNPL) erstwhile Goodlass Nerolac Paints Ltd is the second largest paint company in India and is the leader in industrial segment. The company has five strategically located manufacturing units all over India and a strong dealer network across the country. The company manufactures a diversified range of products ranging from decorative paints coatings for homes offices hospitals and hotels to sophisticated industrial coatings for most of the industries. The company markets its products under the brand names Nerolac Glossolite Goody Allscapes Excel in decoratives. KNPL is the Indian subsidiary of Japan based Kansai Paint Co. Ltd. KNPL has 5 factories located at Jainpur (UP) Lote (Maharashtra) Bawal (Haryana) Hosur (Tamil Nadu) and Sayakha (Gujarat). The company has a state-of-the-art R&D facility in Mumbai. KNPL also has operations in Nepal and Sri Lanka through Joint Ventures with Kansai Nepal and Capital Holdings Maharaja Group respectively. The company was established in 1920 as Gahagan Paints and Varnish Co. Ltd. at Lower Parel in Bombay. In 1930 three British companies merged to formulate Lead Industries Group Ltd. In 1933 Lead Industries Group Ltd. acquired entire share capital of Gahagan Paints in 1933 and thus Goodlass Wall (India) Ltd. was born. Subsequently by 1946 Goodlass Wall (India) Ltd. was known as Goodlass Wall Pvt. Ltd. In 1957 Goodlass Wall Pvt. Ltd. grew popular as Goodlass Nerolac Paints (Pvt.) Ltd. Also it went public in the same year and established itself as Goodlass Nerolac Paints Ltd. It came into the fold of Tata Forbes Group in 1976 as its foreign holdings were acquired by Forbes Gokak. It turned into Joint Venture company in 1986 as the foreign colloborator Japan based Kansai Paints picking 36% of equity capital of the company. With the acquisition of entire stake of Forbes Gokak and its associates by Kansai Paints it became the subsidiary of the latter in 1999.Technical Assistance Agreements of the company with renowned players in paint industry at international level puts the company in a strong position to offer products which meets stringent international specifications. It started in 1993 when the company tied-up with Kansai Paints of Japan (for manufacture of Sophisticated architectural Coatings) and Nihon Tokushu Torya Co. Ltd also of Japan (for body seal and under seal coatings). And the latest being the technical assistance agreement with Dupont Performance Coatings GmbH & Co. KG Germany for know-how of manufacture of Anodic Electro-deposition Coatings System during the year 2000-01. The company's other Technical Assistance agreements include E.I. Dupont De Nemours & Co. Inc. of USA for automotive coatings; Oshima Kogyo Company Ltd. of Japan for heat resistant paints; Valspar Corporation of US for powder coatings; Drew Chemicals Corporation of US for water and fuel treatment chemicals and Ameron Inc. USA for high performance coatings. The company had two wholly owned subsidiaries namely Saurashtra Paints and and GNP (Madras). The above subsidiary companies were amalgamated with the company from April 2002 with consent approval from both the states' High courts.During 2001-02 the company has entered into a technical agreement with EFTEC Shroff (India) Ltd. for the manufacture and supply of Automotive Paint Shop Sealers and Underbody Compounds. During 2003-04 the capacity at the Jainpur was increased by 24% for water based paints by setting a new facility.During 2004-05 the company has setup a new greenfield plant with a capacity of 20400 MT at Bawal district Rewari of Haryana and this was commissioned on 19th March 2005.Consequent to the approval of the High Court of Madras and Bombay the amalagmation of Chemguard Coatings Ltd with the company was completed on 1st September 2005.During 2005-2006 the company made an investment in a Malaysian Company a joint venture company between the company and Kansai Paint Co Ltd. Japan (Kansai) where the company will hold 55% stake and 45% Stake by Kansai. Further the Malaysian company has entered into an agreement to acquire the paint business of Sime Coatings Sdn.Bhd. Malaysian and this is subject to approval.During the same period the companies Production capacity of Paints Varnishes and enamels has increased from 138400 MT to 153900 MT. The capacity of Synthetic Resins stood at 36250 MT and Capacity of Pretreatment Chemicals stood at 2400 MT.In 2006 the name of the company was changed from Goodlass Nerolac Paints Ltd.(GNPL) to Kansai Nerolac Paints Ltd.During the financial year ended 31 March 2013 Kansai Nerolac Paints acquired 884000 equity shares constituting 68% of the paid up equity share capital of Nepal Shalimar Paints Pvt. Ltd. Nepal amounting to Rs 7.86 crore. The Board of Directors of Kansai Nerolac Paints Ltd. at its meeting held on 31 January 2017 approved the setting up of a paint manufacturing unit at Achutapuram Visakhapatnam District in Andhra Pradesh having capacity of 60000 KL per year which is expandable in phases at an estimated cost of Rs 304 crore.Kansai Nerolac Paints' subsidiary in Srilanka Kansai Paints Lanka Pvt. Ltd. commenced its operations on 26 April 2017. Kansai Nerolac Paints entered Sri Lankan paint market by way of a joint venture with Capital Holdings Maharaja which is one of the biggest conglomerates in Sri Lanka.On 18 January 2018 Kansai Nerolac Paints Ltd. announced that the planned capacity expansion of the proposed manufacturing unit at Goindwal Sahib near Amritsar in Punjab has been revised to 52800 KL per year from 36000 KL (i.e. 38000 MT). The budgeted cost of the project has also increased from Rs 180.50 crore to Rs 216.50 crore.On 4 April 2018 Kansai Nerolac Paints Ltd. informed the stock exchange that it has entered into Share Purchase Agreements (SPAs) to acquire 100% equity stake in Marpol Private Limited (Marpol). Marpol Private Limited established in the year 1983 is a pioneer in powder coating business and is a reputed brand. Kansai Nerolac is a leader in the Powder coating market in India. The acquisition of Marpol will further add to the leadership of Kansai Nerolac in the power coasting market in India.On 13 June 2018 Kansai Nerolac Paints Ltd. announced that the company's new manufacturing unit at Sayakha Industrial Estate in Gujarat has commenced commercial production for sale. On 17 July 2018 Kansai Nerolac Paints Ltd. announced that it has completed the acquisition of 55% equity share holding of RAK Paints Ltd. Bangladesh for a total consideration of Bangladeshi Taka (BDT) 50.41 crores (Rs 41.49 crore). Earlier the company had on 19 June 2018 signed Share Purchase Agreement to acquire 55% of the paid-up equity share capital of RAK Paints Ltd. Bangladesh as on the Closing Date i.e. the day on which the transaction would be consummated for a total consideration of Bangladeshi Taka (BDT) 57.26 crore (approximately Rs 45.81 crore) subject to adjustments for borrowings working capital and fixed assets as at the Closing Date. RAK Paints Limited is one of the established paint companies in Bangladesh having a diverse product range encompassing decorative paints (includes water based solvent based primers and cement paints) and industrial paints (includes marine primer and epoxy). With this investment in RAK Paints Limited Bangladesh Kansai Nerolac aims to increase its foot print in the SAARC countries. RAK Paints Limited clocked turnover (net) of BDT 102.43 crore (approximately equivalent to Rs 81.94 crore) for the financial year ended 30 June 2017.