Indian billionaire and Asian Paints Ltd. co-founder, Ashwin Suryakant Dani, passed away at the age of 79 on September 28. Dani was the non-executive chairman of India’s largest paint company. He was reportedly the second-generation scion of the family that co-founded the company.
Dani served as Vice Chairman, Managing Director, and Non-Executive Board Chairman. He joined the Board in 1970. He was Company Vice Chairman and Managing Director from 1998 until 2009. Asian Paints said he was a Non-Executive Director and Vice Chairman of the Board of Company since 2009.
Dani was Board and Company Chairman from 2018 to 2021. His father Suryakant co-founded Asian Paints.
Ashwin Dani and his family had 7.7 billion USD (Rs 64,000 crore) in net worth, ranking 293 globally, according to Forbes.
Dani has led the company to technological excellence and introduced numerous innovative goods to India. He introduced computerized color matching to India. The paint, plastics, printing ink, and textile industries utilise this principle.
In 1975, Asian Paints was the first paint manufacturer in India and Asia to use this approach.
He also helped establish the 50:50 industrial coatings joint venture between Asian Paints Limited and PPG Industries Inc., USA. He founded and is a director of PPG Asian Paints Private Limited, the first joint venture with PPG Industries Inc. in its 26th year.
He also helped switch water-thinnable paints from metal to plastic containers for decoration. He founded and promoted Loctite India, now Henkel Adhesive Technologies India.
Dani has also served on 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, FICCI’s Vice President, the Board of Governors of the U.D.C.T. (now Institute of Chemical Technology) Alumni Association, and the Mumbai Institute of Chemical Technology’s Board of
He received the Lifetime Achievement Award by CNBC-TV18, the Businessman of the Year award by Business India magazine in 2015, 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.
Conclusion:-
Ashwin Suryakant Asian Paints Ltd. co-founder Dani died at 79. Indian billionaire businessman and non-executive chairman of India’s largest paint manufacturer, with operations in 16 countries. The second-generation scion of the family that co-founded the company, Dani, served on the board as Vice Chairman & Managing Director, Non-Executive Vice Chairman, and Chairman. Dani was Board and Company Chairman from 2018 to 2021.
The Dani family was 293rd richest in the world with 7.7 billion USD (Rs 64,000 crore). He has led the company to technological excellence and introduced numerous innovative goods to India. He introduced computerized color matching to India, which is today utilized in paints, plastics, printing inks, and textiles.
Dani helped form the 50:50 industrial coatings joint venture between Asian Paints Limited and PPG Industries Inc., USA. He also helped switch water-thinnable paints from metal to plastic containers for decoration. He founded and promoted Loctite India, now Henkel Adhesive Technologies India.
Dani has worked with The University of Akron, The Central Board of Trustees – Employees Provident Fund of the Government of India, FICCI, and the U.D.C.T. Alumni Association Board of Governors. He received CNBC-TV18’s Lifetime Achievement Award, Businessman of the Year in 2015, and the Indian Institute of Materials Management’s Cheminor Award for Excellence in Supply Chain in 2002.
