20/01/2025
Kuldip Singh Dhingra and Gurbachan Singh Dhingra, known as the Dhingra brothers, have transformed Berger Paints into a leading entity in the paint industry. In 2023, Berger Paints reported a revenue of ₹10,619 crore, establishing it as the second-largest paint manufacturer in India, just behind Asian Paints. The company also has a significant international presence, operating in countries such as Russia, Poland, Nepal, and Bangladesh.
Kuldip Singh Dhingra serves as the Chairman of Berger Paints, while his brother, Gurbachan Singh Dhingra, holds the position of Vice Chairman. According to Forbes, their combined net worth is estimated at $8.2 billion (approximately ₹68,467 crore).
The Dhingra family’s association with the paint business dates back to 1898. After completing their education at Delhi University, Kuldip and Gurbachan expanded their family business by opening new shops in Amritsar, Punjab. By the 1970s, these shops were generating annual revenues of around ₹10 lakh. In the 1980s, they became the largest paint exporters to the Soviet Union, with a business worth ₹300 crore annually.
A pivotal moment in their journey was the acquisition of the British paint company Berger Paints from Vijay Mallya in the 1990s. Under their leadership, Berger Paints underwent significant transformation, implementing innovative marketing strategies and focusing on quality at affordable prices, which helped build strong brand loyalty both in India and abroad.
Today, the next generation of the Dhingra family continues to drive the company’s success. Rishma Kaur, daughter of Kuldip Singh Dhingra, and Kanwardip Singh Dhingra, son of Gurbachan Singh Dhingra, serve as Executive Directors at Berger Paints, headquartered in Kolkata. Under their leadership, Berger Paints is poised to reach even greater heights in the global market.
