#15
Asian Paints Group – Painting India's Growth Story
Key Person: Malav Ashwin Dani, Jalaj Ashwin Dani, Hasit Ashwin Dani, Mahendra Chimanlal Choksi, Nehal Abhay Vakil, Dipika Amar Vakil, Amrita Amar Vakil, Vivek Abhay Vakil
Net Worth (INR)
₹133,584 Cr
Net Worth (USD)
$16,008Mn
Location
Mumbai
Industry
Asian Paints began as a bold startup during colonial rule and has evolved into India’s leading paint and décor brand. Led by generations of the Dani, Choksi, and Vakil families, the company pioneered brand trust, innovation, and pan-India distribution long before D2C was a trend. Their mastery in balancing legacy with reinvention makes them a poster child for consumer durability in India’s growth story.