Ashwin Dani: The decorated billionaire face behind Asian Paints

Ashwin Dani: The decorated billionaire face behind Asian Paints

by 5paisa Research Team Last Updated: Apr 07, 2022, 03:19 PM IST

Ashwin Dani ranks 22nd on the Indian richest person list.

Ashwin Dani is currently the non-executive chairman of Asian Paints Ltd and is India’s 22nd richest person. According to the real-time net worth tracker of Forbes, Ashwin Dani and family have a net worth of USD 8.4 billion (approximately Rs 63,000 crore) as of 7th April 2022.


Asian Paints was cofounded by the father of Ashwin Dani along with three others in 1942. Ashwin Dani grew up in an entrepreneurial environment. He completed his Bachelor of Science and Technology in pigment, paints and varnish from the University of Mumbai. He did his master’s in polymer science from the University of Akron, US and also did a diploma in colour science from Rensselaer Polytechnic, New York.


He joined in as a chemist after his studies in Detroit. Eventually, he returned to India to join Asian Paints as a senior executive. With hard work and dedication, he moved ahead of the positions to become vice chairman and managing director of the company. As he used to be an R&D director of the company, he invested a great deal of money in the research. The company’s progress grew enormously during his tenure. Asian Paints today is the largest paints company in India, the third-largest company in Asia and the ninth largest paints company in the world. For more than five decades now, the company has maintained its market leadership which clearly reflects the management efficiency under a visionary personality.

He has embraced new-gen technology with both arms. He was the first to start a computerized colour mixing programme in India. With his vast experience and knowledge, he has led Asian Paints to make a dominant position in the industry. He played a key role in executing the joint venture between Asian Paints and PPG Industries which is a leading manufacturer of automotive coating in the world.

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