Asian Paints forays into decorative lighting and fenestration biz
Paint

Asian Paints forays into decorative lighting and fenestration biz

Asian Paints has announced the acquisition of two companies, out of which one is engaged in decorative lighting and the other in fenestration. Both of them are small acquisitions to enable the company's foray into the two new segments.

Nine years ago, the company entered the modular kitchens via the acquisition of Sleek Kitchen and then a year later into bathroom fittings via Ess Ess bath fittings. They both contributed only 2.5% to the top line of the company for the nine months ended December 2021.

It is unknown whether the latest acquisitions will make a major difference to the overall business. The company intends on expanding its presence by being involved in baths, furniture, kitchen, furnishings, and lighting. Asian Paints intends to turn into a complete home decor company from a decorative paints company, and the acquisitions are the steps taken in that direction.

During the pandemic, Asian Paints introduced hand and surface sanitisers which brought it into direct competition with Hindustan Unilever, Godrej Consumer Products, and Reckitt Benckiser.

Image Source

Asian Paints has announced the acquisition of two companies, out of which one is engaged in decorative lighting and the other in fenestration. Both of them are small acquisitions to enable the company's foray into the two new segments. Nine years ago, the company entered the modular kitchens via the acquisition of Sleek Kitchen and then a year later into bathroom fittings via Ess Ess bath fittings. They both contributed only 2.5% to the top line of the company for the nine months ended December 2021. It is unknown whether the latest acquisitions will make a major difference to the overall business. The company intends on expanding its presence by being involved in baths, furniture, kitchen, furnishings, and lighting. Asian Paints intends to turn into a complete home decor company from a decorative paints company, and the acquisitions are the steps taken in that direction. During the pandemic, Asian Paints introduced hand and surface sanitisers which brought it into direct competition with Hindustan Unilever, Godrej Consumer Products, and Reckitt Benckiser. Image Source

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000