Winning Bizness Sports Desk
Mumbai. Ashwin Dani, co-founder of Asian Paints, the country's largest paints manufacturing company has passed away. 79 year old Dani was a key contributor in making the company the largest paint manufacturing company in the country. Ashwin Dani's outstanding contribution at Asian Paints started in 1968 and in the subsequent years, he took over the leadership of the company. Asian Paints is the largest paints company in India today. Ashwin Dani is considered to have made a big contribution and according to Forbes data, Ashwin Dhani's net worth in 2023 would have been $7.1 billion.
B.Sc Degree in Chemistry from Mumbai University
Ashwin Dani was born on 26 September 1944 in Mumbai, just 3 year before the country got independence. In 1966, he obtained a B.Sc. degree in Chemistry from Mumbai University. He then went to America and there he obtained a master's degree in chemical engineering from the University of Akron. He started his career as a chemist in Detroit and in 1968, he entered Asian Paints or his family business. In the year 2022-23, the revenue from Asian Paints would have been Rs 34,488 crore, with the net profit around Rs 4,101 crore. The market capital of Azamiti, Asian Paints is Rs 303341 crore. In the last few decades, the company has grown a lot by establishing its dominance not only in the Asian market but also in the global market.
Had romance with colours
Ashwin Dani's father along with other family friends had founded Asian Paints in 1942 during the pre-independence era. Asian Paint is not only India's but also Asia's largest paint company. Ashwin Dani had a romance with colours and therefore he kept experimenting with colors throughout his life. Having a special love for colours, he would have taken education in the yacht field. Meanwhile, on the news of Ashwin Dani's death, Asian Paint's shares were seen falling in the stock market.
