Asian Paints Limited (ASIANPAINT) announced on June 3, 2025, the submission of its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25. The report, filed pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, includes an Independent Reasonable and Limited Assurance Report provided by Deloitte Haskins & Sells LLP, Chartered Accountants.
According to Amit Syngle, Managing Director & CEO, the company views its ESG-centric approach as a strategic differentiator that strengthens its leadership position and aligns with its purpose of creating enduring value and joy for all stakeholders. He stated that sustainability is a business imperative at Asian Paints, guiding innovation, growth, and stakeholder engagement. The fourth edition of the BRSR offers a transparent and comprehensive view of the company's standalone ESG performance, with selected additional indicators voluntarily subjected to limited or reasonable assurance beyond mandatory requirements.
Key details from the BRSR for the financial year 1st April 2024 to 31st March 2025 include:
- The company's paid-up capital stands at ₹ 95,91,97,790.
- The primary business activity, manufacturing and selling paints, accounted for 94.3% of the total turnover.
- Domestically, Asian Paints operates 13 plants and 256 offices, including warehouses, distribution centers, and testing facilities.
- International operations are conducted through subsidiary companies in 13 countries, contributing 0.3% of the total turnover through exports.
- As of the end of FY 2024-25, the company had 17,277 employees (9,396 permanent, 7,881 other than permanent) and 16,324 workers (1,715 permanent, 14,609 other than permanent). This includes 44 differently abled employees and 23 differently abled workers. Women constitute 25% of the Board of Directors (3 out of 12 members).
- The turnover rate for permanent employees was 22.8% and for permanent workers was 2.5% in FY 2024-25.
- Sleek International Private Limited and Maxbhumi Developers Limited, wholly owned subsidiaries, amalgamated with Asian Paints Limited effective March 1, 2025.
- PT Asian Paints Indonesia and PT Asian Paints Color Indonesia ceased to be subsidiaries of Asian Paints International Private Limited effective March 20, 2025, due to divestment of entire stake.
- A P International Doha Trading W.L.L. was voluntarily liquidated effective November 26, 2024.
- For CSR, the company reported a turnover of ₹ 36,347.9 Crores and a net worth of ₹ 19,049.2 Crores for FY 2024-25.
- Regarding stakeholder grievances in FY 2024-25, the company recorded 80 complaints from shareholders (4 pending), 40 from employees and workers (7 pending), and 29,022 from customers (1,636 pending). No disciplinary actions were taken against Directors, KMPs, employees, or workers for bribery and corruption charges.
- The number of days of accounts payables was 66 days in FY 2024-25.
- The company's policies cover all nine principles of the National Guidelines on Responsible Business Conduct (NGRBCs) and extend to its value chain partners. Regular training and awareness programs were conducted for employees, workers, and value chain partners on various principles, including the Code of Conduct, POSH, and ESG aspects.