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Ashwin Dani, Who Turned Asian Paints Into Market Leader, Dies At 81

In a statement announcing his passing, the firm said that Dani had been ill for a brief time. According to the statement, he “has been a strong force in heralding the company to technological excellence.”

Ashwin Dani earned his bachelor’s of science in chemistry from Mumbai University in 1966 before moving to the United States to complete his master’s degree in chemical engineering at the University of Akron. Ashwin Dani is the son of Suryakant Dani, one of the four friends who co-founded India’s largest paintmaker in 1942.

After moving back in 1968, he joined Asian Paints as an executive. In 1997, he was promoted to vice chairman and managing director. Dani was appointed non-executive chairman, a position he left in 2021.

He transformed the paint industry, elevating Asian Paints to the top of the worldwide market. Asian Paints has been the unchallenged industry leader for almost 55 years with an annual revenue of Rs 30,000 crore as of March 2023, driven by its strong consumer focus and innovative attitude.

Dani’s own net worth is estimated by the Bloomberg Billionaire Index to be around $7.1 billion.

He funded research as the company’s director of R&D. Dani adopted technology and was the first person in India to launch a computerized color mixing program. Additionally, he was crucial in the execution of the joint venture between Asian Paints and PPG Industries, a major global producer of automobile coating.

According to Asian Paints, he “will always be remembered for his significant contributions to the company.”