- Business
- Akzo Nobel India Limited Akzo Nobel India Limited manufactures, distributes and sells paints and coatings in India and select international markets. The company produces decorative paints including interior, exterior, enamels, lacquers, varnishes, waterproofing solutions and woodcare/metal products for residential, commercial and institutional applications; performance coatings encompassing automotive OEM, vehicle refinish, specialty industrial, powder, marine and protective coatings for sectors such as oil and gas, power, infrastructure, wind energy, consumer electronics, roofing, building structures and appliances; as well as providing research and development services to its holding company and group entities. It offers products under prominent brands Dulux, International, Sikkens and Interpon, primarily targeting architects, builders, contractors, automotive manufacturers, industrial clients and consumers through an extensive distribution network across India. Incorporated in 1954 as a subsidiary of Imperial Chemical Industries and rebranded from ICI India Limited in 2010 following AkzoNobel N.V.'s acquisition of its paints business, the company maintains headquarters in Gurugram, Haryana, with manufacturing sites spread nationwide. In 2025, JSW Paints Limited acquires a 74.76% stake from AkzoNobel N.V. for approximately $1.6 billion including debt, completes the open offer for the remaining public shares on November 12 at INR 3,231.77 per share, and executes royalty-bearing intellectual property license and 15-month royalty-free brand license agreements with AkzoNobel N.V. to sustain premium brand access and technology transfer amid the ownership transition.