Ashwin Suryakant Dani, the co-founder of Asian Paints Ltd died on September 28 at 79. Dani was an Indian billionaire businessman, who served because the the non-executive chairman of India’s largest paint firm (Asian firm) with operations in 16 nations. According to stories, he was the second-generation scion of the household that co-founded the corporate.
He served on the Board of the corporate in numerous capacities, together with Vice Chairman & Managing Director, Non-Executive Vice Chairman and Non-Executive Chairman. “He joined the Company’s Board in 1970. He held the position of Vice Chairman and Managing Director of the Company from 1998 to 2009. Since 2009 he continued on the Board as the Non–Executive Director & Vice Chairman of the Board and the Company,” Asian Paints stated.
Between 2018 to 2021, Dani held the place of Chairman of the Board and the (*79*). His father Suryakant was one of many co-founders of Asian Paints.
As per the most recent Forbes report, Ashwin Dani and his household had a internet value of seven.7 billion USD (round Rs 64,000 crore), ranked 293 globally.
Dani has been a robust drive in heralding the (*79*) to technological excellence and has been liable for the event and introduction of many new merchandise for the primary time in India. He pioneered the concept of Computerised Colour matching within the Indian business. This idea is now extensively used throughout industries within the area of paints, plastics, printing inks and textiles.
Asian Paints was the primary paint firm in India, and even in Asia, to implement this idea approach again in 1975.
He was additionally instrumental in establishing the 50:50 Joint Venture between Asian Paints Limited and PPG Industries Inc., USA for industrial coatings. He was the founder Director on the Board of the primary three way partnership firm with PPG Industries Inc, PPG Asian Paints Private Limited, which is at present in its twenty sixth 12 months of operations.
He additionally performed an essential function in shifting the packaging of water-thinnable paints from metallic to plastic containers for ornamental functions. He was the founder and promoter for Loctite India, which is now Henkel Adhesive Technologies India.
Dani has been additionally related to numerous authorities and commerce our bodies just like the President’s Advisory Council of The University of Akron, Akron, Ohio, USA, The Central Board of Trustees – Employees Provident Fund of the Government of India, Vice President of FICCI, Board of Governors of the U.D.C.T. (Currently Institute of Chemical Technology) Alumni Association, Board of Management of Institute of Chemical Technology, Mumbai.
He was additionally the recipient of a number of awards because the Lifetime Achievement Award by CNBC-TV18, the Businessman of the Year award in 2015 by Business India journal, the Lifetime Achievement Award by the Indian Paint Association and the Cheminor Award from the Indian Institute of Materials Management for Excellence in Supply Chain in 2002.
