Archive · 6 Aug 2025
JSW Paints-Akzo Nobel to Operate Separately, Deal Awaits Approval
JSW Paints, a part of the JSW Group, is buying Akzo Nobel India.
For now, the two companies will run separately.
The deal needs approval from the government, which might take a few months.
Sajjan Jindal's JSW Group is spending about ₹9,000 crore to buy Akzo Nobel India.
JSW will keep the Dulux paint brand.
Akzo Nobel aims to grow quickly and be among the top companies for growth.
There were concerns about warranties from dealers, but these have been addressed.
JSW Paints and Akzo Nobel India will operate separately in the short term.
CCI clearance for the JSW-Akzo deal is pending, potentially taking several months.
JSW Group acquired Akzo Nobel India for approximately ₹9,000 crore.
JSW will retain the Dulux brand following the acquisition.
Akzo aims for high single-digit growth, targeting a top-two position for incremental growth.
- Who
- JSW Paints (part of JSW Group) acquired Akzo Nobel India.
- What
- JSW Paints acquired Akzo Nobel India.
- When
- The acquisition was announced on August 5, 2025.
- Where
- India
- Why
- JSW aims to expand its market presence in the paint industry.
Dealer Concerns
Company Outlook
Warranty Concerns
Dealer Concerns
Concerns were raised by dealers and stockists about warranties.
Company Outlook
Akzo India addressed dealer concerns; stocks picked up from July.
- Acquisition Amount
- ₹9,000 crore (approximately)
- Market Share (Akzo)
- Less than 10%
- Expected Integration
- By the end of the calendar year
- Brand Retention
- Dulux (JSW)
- Buyer
- JSW Paints
- Seller
- Akzo Nobel India