Kansai Nerolac Paints Ltd (KNPL) announces that it’s Vice Chairman and Managing Director Mr. H M Bharuka has been appointed as Director on the Board of Kansai Paints Co Ltd., Japan. The shareholders passed the resolution at the Annual General Meeting held at Osaka on 29th June, 2017. In this new role, Mr. Bharuka will contribute towards International Business and Strategy of Kansai Paints Group. The selection makes him the first non-Japanese to be appointed to the Board of Kansai Paints Co. Ltd., Japan.
Since joining KNPL in 1985, Mr. Bharuka has been the driving force behind the high-accelerated growth of the company. Under his leadership, Kansai Nerolac has established itself as a leading player in the paint industry, including industrial and decorative coatings segment in India. Mr. Bharuka was a member of Global Steering Committee of Kansai Paint Co. Ltd., Japan from 2011. The appointment signifies the recognition and importance Kansai Group places on India and the performance of Kansai Nerolac Paints Ltd. He is currently the Vice Chairman and Managing Director of Kansai Nerolac Paints Ltd., India and will continue in that role.
Kansai Paint Co. Ltd. is Japan’s leading Paint Company with a turnover of USD 3 B. It operates in more than 40 countries. In recent years it has been aggressively seeking to become a strong global player by increasing its geographical presence through a number of acquisitions across the world. In the past one year it has acquired companies in Africa, Europe, America and South East Asia.
Kansai Nerolac Paints Ltd. is one of India’s leading paint companies with a turnover of close to Rs. 5000 crores. It is a leader in the Industrial paints business and also has a significant presence in the Decorative Paint business.