The Dhingra Brothers, Kuldip Singh Dhingra and Gurbachan Singh Dhingra, have significantly shaped Berger Paints’ success in the paint industry. By 2023, Berger Paints achieved revenues of ₹10,619 crore, establishing itself as India’s second-largest paint company, behind Asian Paints. The company’s reach extends internationally, including countries like Russia, Poland, Nepal, and Bangladesh.
Leadership and Net Worth
Kuldip Singh Dhingra serves as Chairman of Berger Paints, while Gurbachan Singh Dhingra is the Vice Chairman. According to Forbes, their combined net worth is $8.2 billion (approximately ₹68,467 crore). The Dhingra family’s involvement in the paint industry dates back to 1898, and their substantial wealth reflects their long-standing influence.
Business Growth and International Expansion
After graduating from Delhi University, Kuldip and Gurbachan expanded their family business by opening new stores in Amritsar. By the 1970s, these ventures generated around ₹10 lakh annually. In the 1980s, they became major exporters of paint to the Soviet Union, with an annual business valued at ₹300 crore.
Strategic Acquisition and Modernization
A crucial development in their business journey occurred in the 1990s when the Dhingra brothers acquired Berger Paints from Vijay Mallya, a prominent British paint company. Their innovative marketing strategies and commitment to high-quality, affordable products strengthened Berger Paints’ brand loyalty both domestically and internationally.
Current Leadership and Future Prospects
Today, the next generation continues to drive Berger Paints’ success. Kuldip Singh Dhingra’s daughter, Rishma Kaur, and Gurbachan Singh Dhingra’s son, Kanwardip Singh Dhingra, both serve as Executive Directors. Under their leadership, Berger Paints is poised for further growth and global expansion.
