Ashwin Dani, the non-executive Director of Asian Paints, sadly passed away at the age of 79 on September 28. Back in June 2021, Asian Paints had appointed Deepak Satwalekar as Chairman of the Board, with Ashwin Dani retaining his position on the company’s board as a non-executive and promoter director.
The Asian Paints expanded its operations globally under the leadership of Ashwin Dani, following which the firm became one of the leading paint companies in the world. As per details, he was the first to introduce a computerized color mixing program in India.
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Ashwin Dani: A Legacy of Leadership and Diverse Interests
Dani joined Asian Paints in 1968, which was founded by his father and three others in 1942. Between December 1998 and March 2009, Dani was the vice-chairman and managing director of the company.
Born in Mumbai, Dani pursued a Bachelor of Science from the Institute of Science, University of Mumbai. Later, he earned a Master’s in polymer science from the University of Akron, Ohio. And then completed a diploma in color science from Rensselaer Polytechnic, Troy, New York.
Before joining Asian Paints, Dani even worked with Inmont Corp in Detroit, US, as a development chemist.
Married to Ina Dani, Ashwin has three children. Their son, Malav Dani, is on the board of Asian Paints.
Apart from business, Ashwin was also a yoga practitioner and had an interest in collecting art. As per Forbes, his family’s net worth is Rs. 68,000 crore.
In the March to June quarter this year, Asian Paints posted a consolidated net profit of Rs. 1550.4 crore, showing a robust 50 percent year-on-year growth. The firm’s consolidated sales rose 7 percent to Rs. 9,153.8 crore.
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