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In 2002, Asian Paints acquired a 60% stake in Egyptian paint manufacturer SCIB Chemicals for ₹ 24.5 crore (US$5.04 million). [14] It also acquired a 50.1% stake in the SGX -listed Berger International Singapore, which had operations in 11 countries across Southeast Asia , West Asia , the Caribbean , China and Malta , for US$20.8 million. [ 15 ]
Patancheru is the major industrial hub of Telangana. Companies such as Finecab, Biological.E, Ankit Packaging, Sandvik Asia, Agarwal Rubber Limited (makers of ARL & MARUTI brand of tyres & butyl tubes) and Asian Paints, Aurobindo Pharma, Paragon Polymer Products Pvt Ltd, hindware, Fenner, Pennar, Kirby Building Systems, Rotec Transmissions are located in this area.
Ashwin Chimanlal Choksi (1944 – 19 September 2018) was an Indian billionaire businessman and the non-executive chairman of Asian Paints Ltd, India's largest paint company. He was among the top 100 richest Indians.
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