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of In partial fulfillment of the Requirements for the award of Degree of Master of Business Administration Submitted To: Submitted By: Vardhman polytex ltd Deepak Garg Bathinda Roll No. 5610

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Page 1: Project

of

In partial fulfillment of the Requirements for the award of Degree

of Master of Business Administration

Submitted To: Submitted By:

Vardhman polytex ltd Deepak Garg

Bathinda Roll No. 5610

Page 2: Project

2010-2012

ACKNOWLEDGEMENT

Life of human beings is full of interactions. No one is

self-sufficient by himself whenever anyone is doing some

serious and important work a lot of help from the people

concerned is needed & one less specially obliged towards them. I

cannot forget acknowledging them in few words as without the

guidance & co-ordination of them in my project report would not

have been possible.

A large number of individual contributed to this project. I

am thankful to all of them for their help and encouragement.

I would like my heartfelt thanks to Mr. Rajinder Paul, HR & IB

Manager of Vardhman Polytex Limited for giving me an

opportunity to have training in the organisation.

I would also like to thank Mr. Jagdish Singla and MR. vijay arora

for his guidance, inspiration, and constructive suggestions, which

helped me in the Project . I must also thank the management of

Vardhman Polytex Limited to provide excellent opportunity and

environment to be able to pull my project through. Cooperation of

the staff is also gratefully acknowledged.

Deepak garg

Page 3: Project

M.B.A.

Roll No.

GUIDE CERTIFICATE

TO WHOMESOEVER IT MAY CONCERN

This is to certify that the project report titled

“Export promotion, Process and Documentation” Offered by

Vardhman Polytex Limited has been prepared by Deepak Garg,

Roll No.- 5610,a student of MBA of School Of Management

Studies, Punjabi University, Patiala session (2010-12) with

Marketing as major area of specialization. The study was

conducted with special reference to Vardhman Polytex Limited,

Bathinda. I recommend this project for evaluation.

Place:

Date:

Page 4: Project

TABLE OF CONTENTS

Overview of textile market

Market share of countries in textiles

The major sectors of the textiles industry

China vs india in textile market

SWOT analysis of Indian textile

Key stones of vardhman polytex ltdIn

Yarm manufacture by vardhman polytex ltd

SWOT analysis of vardhman polytex ltd BATHINDA

Manufacturing Process in vardhman polytex ltdcod

Marketing channels adopted by vardhman polytex ltdc

Competition with other firms

Overview about export, history etc

Last five years trend of export in vardhman polytex ltdc

Policies adopt by vardhman polytex ltd for export promotion Export procedure adopt by vardhman polytex ltd

Page 5: Project

Documents used in export

SWOT Analysis of Berger Paints India Limited

Submitted by Gunjan Bihani on February 19, 2011 – 9:56 pmNo Comment

Rating 3.00 out of 5[?]

Strengths

a)  Strong brand image 

b)     Quality driven

c)    Competitive Price in comparison to its major competitors

Weakness

a)  Weak Distribution mainly in far off places

b)  Concentrated only on dealer related marketing

Depending on previously established goodwill

Page 6: Project

Opportunities

a)  Greater Penetration

b) Better Brand presence through promotion

Active consumer involvement

Threats

a)     Recession hitting real estate

b)    Loss of loyal Dealers/ Sub-dealers to other companies

c)    Market leader in the shrinking paint segments (primer, distemper & enamel) 

Berger Paints IndiaBSE: 509480  |  NSE: BERGEPAINT  |  ISIN: INE463A01020  |  Paints/Varnishes

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Competition

Last Price Market Cap. Sales Net Profit Total Assets

Get Quote

Page 7: Project

(Rs. cr.) Turnover

Asian Paints 3,176.30 30,467.00 6,322.24 775.15 2,039.45

Kansai Nerolac 882.00 4,753.27 2,139.88 205.98 998.64

Berger Paints 104.15 3,604.34 2,100.82 148.31 801.57

Akzo Nobel 918.00 3,381.39 1,096.82 176.65 1,091.60

Shalimar Paints 600.00 227.14 405.83 11.67 99.42

Jenson Nicholso 4.70 17.59 46.69 -4.01 -2.29

Compare Berger Paints with another

company

Comparison with Competitors

Balance Sheet P&L Account Cash Flows Quarterly Half Yearly 9 Monthly Yearly

Balance Sheet ------------------- in Rs. Cr. -------------------

Berger Paints

Asian Paints Kansai Nerolac Akzo Nobel Shalimar Paints

Mar '11

Mar '11 Mar '11 Mar '11 Mar '10

Sources Of Funds

BPI02 BPI02 price BPI02

Enter Name

BPI02

Page 8: Project

Total Share Capital 69.21 95.92 53.89 36.80 3.79

Equity Share Capital 69.21 95.92 53.89 36.80 3.79

Share Application Money 0.88 0.00 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00 0.00 0.00

Reserves 652.92 1,879.40 862.28 1,053.30 38.86

Revaluation Reserves 0.00 0.00 0.00 1.50 2.98

Networth 723.01 1,975.32 916.17 1,091.60 45.63

Secured Loans 78.53 23.43 8.11 0.00 52.13

Unsecured Loans 0.03 40.70 74.37 0.00 1.66

Total Debt 78.56 64.13 82.48 0.00 53.79

Total Liabilities 801.57 2,039.45 998.65 1,091.60 99.42

Berger Paints

Asian Paints Kansai Nerolac Akzo Nobel Shalimar Paints

Mar '11

Mar '11 Mar '11 Mar '11 Mar '10

Application Of Funds

Gross Block 419.49 1,611.22 675.28 374.90 71.19

Less: Accum. Depreciation 215.33 554.03 397.07 233.00 39.14

Net Block 204.16 1,057.19 278.21 141.90 32.05

Capital Work in Progress 76.79 67.32 103.57 35.80 0.16

Investments 117.59 1,034.76 371.82 985.00 0.80

Inventories 403.92 1,071.76 354.10 153.20 62.85

Sundry Debtors 240.29 366.68 260.26 70.10 91.81

Page 9: Project

Cash and Bank Balance 122.92 20.28 39.69 29.90 13.92

Total Current Assets 767.13 1,458.72 654.05 253.20 168.58

Loans and Advances 53.19 270.88 63.64 139.70 11.87

Fixed Deposits 0.00 0.19 0.00 0.40 0.03

Total CA, Loans & Advances 820.32 1,729.79 717.69 393.30 180.48

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 373.28 1,511.37 363.54 294.70 108.97

Provisions 44.01 338.24 109.11 169.70 5.10

Total CL & Provisions 417.29 1,849.61 472.65 464.40 114.07

Net Current Assets 403.03 -119.82 245.04 -71.10 66.41

Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00

Total Assets 801.57 2,039.45 998.64 1,091.60 99.42

Contingent Liabilities 0.00 505.87 85.43 55.90 4.53

Book Value (Rs) 20.87 205.93 170.00 295.95 112.66

Comparison b/w shalimar

Berger Paints India

BSE: 509480 NSE: BERGEPAINT

ISIN: INE463A01020

Industry : Paints/Varnishes

Page 10: Project

Balance Sheet -- in Rs. Cr. --

Mar '07 Mar '08 Mar '09 Mar '10 Mar '11

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital

63.77 63.77 63.77 69.21 69.21

Equity Share Capital

63.77 63.77 63.77 69.21 69.21

Share Application Money

0.00 0.00 9.90 0.00 0.88

Preference Share Capital

0.00 0.00 0.00 0.00 0.00

Reserves 210.69 284.00 350.37 556.04 652.92

Revaluation Reserves

1.38 1.24 1.09 0.98 0.00

Networth 275.84 349.01 425.13 626.23 723.01

Secured Loans 86.03 99.84 78.00 24.41 78.53

Unsecured Loans

29.28 21.08 0.06 0.05 0.03

Total Debt 115.31 120.92 78.06 24.46 78.56

Total Liabilities

391.15 469.93 503.19 650.69 801.57

Mar '07 Mar '08 Mar '09 Mar '10 Mar '11

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block 244.94 275.22 322.68 371.74 419.49

Less: Accum. Depreciation

124.14 141.51 160.37 186.15 215.33

Net Block 120.80 133.71 162.31 185.59 204.16

Capital Work 13.71 24.71 18.82 31.60 76.79

Page 11: Project

in Progress

Investments 12.82 21.85 29.52 170.20 117.59

Inventories 252.07 269.10 266.33 299.33 403.92

Sundry Debtors

143.52 158.44 180.38 204.73 240.29

Cash and Bank Balance

21.50 39.51 23.96 25.99 122.92

Total Current Assets

417.09 467.05 470.67 530.05 767.13

Loans and Advances

48.02 61.24 61.60 50.58 53.19

Fixed Deposits 0.24 0.39 7.91 11.57 0.00

Total CA, Loans & Advances

465.35 528.68 540.18 592.20 820.32

Deffered Credit

0.00 0.00 0.00 0.00 0.00

Current Liabilities

206.48 220.18 219.89 276.31 373.28

Provisions 15.12 18.82 27.74 52.59 44.01

Total CL & Provisions

221.60 239.00 247.63 328.90 417.29

Net Current Assets

243.75 289.68 292.55 263.30 403.03

Miscellaneous Expenses

0.08 0.00 0.00 0.00 0.00

Total Assets 391.16 469.95 503.20 650.69 801.57

Contingent Liabilities

34.47 70.04 34.44 49.30 0.00

Book Value (Rs)

8.61 10.91 12.99 18.07 20.87

BSE:  509480 NSE:  BERGEPAINTReuters:  BRGR.BO   BRGR.NS

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Page 12: Project

Shalimar Paints

BSE: 509874 NSE: SHALPAINTS

ISIN: INE849C01018

Industry : Paints/Varnishes

Balance Sheet -- in Rs. Cr. --

Mar '06

Mar '07

Mar '08

Mar '09

Mar '10

12 mths

12 mths

12 mths

12 mths

12 mths

Sources Of Funds

Total Share Capital

3.79 3.79 3.79 3.79 3.79

Equity Share Capital

3.79 3.79 3.79 3.79 3.79

Share Application Money

0.00 0.00 0.00 0.00 0.00

Preference Share Capital

0.00 0.00 0.00 0.00 0.00

Reserves 20.94 23.47 29.95 32.18 38.86

Revaluation Reserves

3.62 3.43 3.24 3.11 2.98

Networth 28.35 30.69 36.98 39.08 45.63

Secured Loans

42.22 51.18 54.54 56.70 52.13

Unsecured Loans

7.83 8.17 6.17 3.38 1.66

Total Debt 50.05 59.35 60.71 60.08 53.79

Total Liabilities

78.40 90.04 97.69 99.16 99.42

Mar '06

Mar '07

Mar '08

Mar '09

Mar '10

Page 13: Project

12 mths

12 mths

12 mths

12 mths

12 mths

Application Of Funds

Gross Block 47.96 51.77 58.94 61.80 71.19

Less: Accum. Depreciation

26.67 29.51 32.49 35.96 39.14

Net Block 21.29 22.26 26.45 25.84 32.05

Capital Work in Progress

0.00 0.01 0.04 0.05 0.16

Investments 0.00 0.00 0.10 0.30 0.80

Inventories 49.72 58.32 62.48 50.57 62.85

Sundry Debtors

50.44 63.42 78.46 78.55 91.81

Cash and Bank Balance

8.95 11.30 13.15 13.58 13.92

Total Current Assets

109.11 133.04 154.09 142.70 168.58

Loans and Advances

10.26 11.88 13.41 13.47 11.87

Fixed Deposits

0.00 0.00 0.00 0.00 0.03

Total CA, Loans & Advances

119.37 144.92 167.50 156.17 180.48

Deffered Credit

0.00 0.00 0.00 0.00 0.00

Current Liabilities

60.57 74.73 92.01 81.47 108.97

Provisions 1.77 2.43 4.38 1.73 5.10

Total CL & Provisions

62.34 77.16 96.39 83.20 114.07

Net Current Assets

57.03 67.76 71.11 72.97 66.41

Miscellaneous Expenses

0.08 0.00 0.00 0.00 0.00

Total Assets 78.40 90.03 97.70 99.16 99.42

Page 14: Project

Contingent Liabilities

1.96 2.49 2.37 4.37 4.53

Book Value (Rs)

65.30 71.99 89.12 95.02 112.66

Berger Paints India

BSE: 509480 NSE: BERGEPAINT

ISIN: INE463A01020

Industry : Paints/Varnishes

Balance Sheet -- in Rs. Cr. --

Mar '07

Mar '08

Mar '09

Mar '10

Mar '11

12 mths

12 mths

12 mths

12 mths

12 mths

Sources Of Funds

Total Share Capital

63.77

63.77

63.77

69.21

69.21

Equity Share Capital

63.77

63.77

63.77

69.21

69.21

Share Application Money

0.00 0.00 9.90 0.00 0.88

Preference Share Capital

0.00 0.00 0.00 0.00 0.00

Reserves210.

69284.

00350.

37556.

04652.

92

Revaluation Reserves

1.38 1.24 1.09 0.98 0.00

Networth 275. 349. 425. 626. 723.

Page 15: Project

84 01 13 23 01

Secured Loans

86.03

99.84

78.00

24.41

78.53

Unsecured Loans

29.28

21.08

0.06 0.05 0.03

Total Debt115.

31120.

9278.0

624.4

678.5

6

Total Liabilities

391.15

469.93

503.19

650.69

801.57

Mar '07

Mar '08

Mar '09

Mar '10

Mar '11

12 mths

12 mths

12 mths

12 mths

12 mths

Application Of Funds

Gross Block

244.94

275.22

322.68

371.74

419.49

Less: Accum. Depreciation

124.14

141.51

160.37

186.15

215.33

Net Block120.

80133.

71162.

31185.

59204.

16

Capital Work in Progress

13.71

24.71

18.82

31.60

76.79

Investments

12.82

21.85

29.52

170.20

117.59

Inventories

252.07

269.10

266.33

299.33

403.92

Sundry Debtors

143.52

158.44

180.38

204.73

240.29

Cash and Bank Balance

21.50

39.51

23.96

25.99

122.92

Total Current

417.09

467.05

470.67

530.05

767.13

Page 16: Project

Assets

Loans and Advances

48.02

61.24

61.60

50.58

53.19

Fixed Deposits

0.24 0.39 7.9111.5

70.00

Total CA, Loans & Advances

465.35

528.68

540.18

592.20

820.32

Deffered Credit

0.00 0.00 0.00 0.00 0.00

Current Liabilities

206.48

220.18

219.89

276.31

373.28

Provisions15.1

218.8

227.7

452.5

944.0

1

Total CL & Provisions

221.60

239.00

247.63

328.90

417.29

Net Current Assets

243.75

289.68

292.55

263.30

403.03

Miscellaneous Expenses

0.08 0.00 0.00 0.00 0.00

Total Assets

391.16

469.95

503.20

650.69

801.57

Contingent Liabilities

34.47

70.04

34.44

49.30

0.00

Book Value (Rs)

8.6110.9

112.9

918.0

720.8

7

BSE:  509480NSE:  BERGEPAINT

Reuters:  BRGR.BO   BRGR.NS

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Asian Paints

Page 17: Project

BSE: 500820NSE: ASIANPAINT

ISIN: INE021A01018

Industry : Paints/Varnishes

Balance Sheet -- in Rs. Cr. --

Mar

'07

Mar '08

Mar '09

Mar '10

Mar '11

12 mth

s

12 mths

12 mths

12 mths

12 mths

Sources Of Funds

Total Share Capital

95.92

95.92

95.92

95.92

95.92

Equity Share Capital

95.92

95.92

95.92

95.92

95.92

Share Application Money

0.00

0.00 0.00 0.00 0.00

Preference Share Capital

0.00

0.00 0.00 0.00 0.00

Reserves

648.16

832.58

998.55

1,461.30

1,879.40

Revaluation Reserves

0.00

0.00 0.00 0.00 0.00

Networt 744 928. 1,09 1,55 1,97

Page 18: Project

h .08 50 4.47 7.22 5.32

Secured Loans

66.90

36.70

24.59

25.59

23.43

Unsecured Loans

40.70

40.70

40.70

40.70

40.70

Total Debt

107.60

77.40

65.29

66.29

64.13

Total Liabilities

851.68

1,005.90

1,159.76

1,623.51

2,039.45

Mar

'07

Mar '08

Mar '09

Mar '10

Mar '11

12 mth

s

12 mths

12 mths

12 mths

12 mths

Application Of Funds

Gross Block

806.20

937.89

1,116.93

1,194.39

1,611.22

Less: Accum. Depreciation

471.29

509.06

494.02

486.93

554.03

Net Block

334.91

428.83

622.91

707.46

1,057.19

Capital Work in Progress

16.31

136.25

164.64

380.72

67.32

Investments

334.39

422.88

234.77

703.69

1,034.76

Inventories

434.07

538.97

546.71

763.14

1,071.76

Sundry Debtors

235.96

251.90

311.02

331.43

366.68

Cash 42. 41.3 128. 28.5 20.2

Page 19: Project

and Bank Balance

47 3 05 8 8

Total Current Assets

712.50

832.20

985.78

1,123.15

1,458.72

Loans and Advances

156.69

203.00

186.37

241.68

270.88

Fixed Deposits

0.02

0.02 0.21 0.02 0.19

Total CA, Loans & Advances

869.21

1,035.22

1,172.36

1,364.85

1,729.79

Deffered Credit

0.00

0.00 0.00 0.00 0.00

Current Liabilities

649.00

850.79

849.08

1,229.04

1,511.37

Provisions

54.15

166.49

185.84

304.17

338.24

Total CL & Provisions

703.15

1,017.28

1,034.92

1,533.21

1,849.61

Net Current Assets

166.06

17.94

137.44

-168.

36

-119.

82

Miscellaneous Expenses

0.00

0.00 0.00 0.00 0.00

Total Assets

851.67

1,005.90

1,159.76

1,623.51

2,039.45

Contingent

180.22

222.05

356.87

223.80

505.87

Page 20: Project

Liabilities

Book Value (Rs)

77.57

96.80

114.10

162.35

205.93

BSE:  500820NSE:  ASIANPAINT

Berger Paints India

BSE: 509480 NSE: BERGEPAINT

ISIN: INE463A01020

Industry : Paints/Varnishes

Half Yearly Results -- in Rs. Cr. --

Mar '09

Sep '09

Mar '10

Sep '10

Mar '11

6 mth

s

6 mth

s

6 mth

s

6 mths

6 mths

Sales Turnover

711.80

826.59

861.87

1,010.02

1,090.80

Other Income

8.14 7.3610.0

913.56 22.31

Total Income

719.94

833.95

871.96

1,023.58

1,113.11

Total Expenses

651.45

731.49

779.06

900.56

982.86

Operating Profit

60.35

95.10

82.81

109.46

107.94

Profit On Sale Of Assets

-- -- -- -- --

Profit On -- -- -- -- --

Page 21: Project

Sale Of Investments

Gain/Loss On Foreign Exchange

-- -- -- -- --

VRS Adjustment

-- -- -- -- --

Other Extraordinary Income/Expenses

-- -- -- -- --

Total Extraordinary Income/Expenses

-- -- -- -- --

Tax On Extraordinary Items

-- -- -- -- --

Net Extra Ordinary Income/Expenses

-- -- -- -- --

Gross Profit

68.49

102.46

92.90

123.02

130.25

Interest 6.96 1.65 1.49 4.04 8.14

PBDT61.5

3100.

8191.4

1118.9

8122.1

1

Depreciation

10.71

12.54

14.09

14.35 15.63

Depreciation On Revaluation Of Assets

-- -- -- -- --

PBT50.8

288.2

777.3

2104.6

3106.4

8

Tax14.3

725.0

921.3

930.87 31.93

Net Profit36.4

563.1

855.9

373.76 74.55

Page 22: Project

Prior Year Income/Expenses

-- -- -- -- --

Depreciation for Previous Years Written Back/ Provided

-- -- -- -- --

Dividend -- -- -- -- --

Dividend Tax

-- -- -- -- --

Dividend (%)

-- -- -- -- --

Earnings Per Share(Rs)

1.14 1.98 1.62 2.13 2.15

Book Value(Rs)

-- -- -- -- --

Equity63.7

763.7

769.2

169.21 69.21

Reserves350.

37-- -- -- --

Face Value(Rs)

2.00 2.00 2.00 2.00 2.00

BSE:  509480NSE:  BERGEPAINT

Reuters:  BRGR.BO   BRGR.NS

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Asian Paints

BSE: 500820 NSE: ASIANPAINT

ISIN: INE021A01018

Page 23: Project

Industry : Paints/Varnishes

Half Yearly Results -- in Rs. Cr. --

Mar '09 Sep '09 Mar '10 Sep '10 Mar '11

6 mths 6 mths 6 mths 6 mths 6 mths

Sales Turnover 2,106.47 2,551.28 2,573.80 2,960.63 3,361.61

Other Income 26.44 102.67 41.18 42.20 45.96

Total Income 2,132.91 2,653.95 2,614.98 3,002.83 3,407.57

Total Expenses 1,868.68 2,029.46 2,085.62 2,371.38 2,806.36

Operating Profit 237.79 521.82 488.18 589.25 555.25

Profit On Sale Of Assets

-- -- -- -- --

Profit On Sale Of Investments

-- -- -- -- --

Gain/Loss On Foreign Exchange

-- -- -- -- --

VRS Adjustment -- -- -- -- --

Other Extraordinary Income/Expenses

-- -- -- -- --

Total Extraordinary Income/Expenses

-6.02 5.77 19.66 -- --

Tax On Extraordinary Items

-- -- -- -- --

Net Extra Ordinary Income/Expenses

-- -- -- -- --

Gross Profit 264.23 624.49 529.36 631.45 601.21

Interest 5.14 5.39 8.37 4.35 11.00

PBDT 253.07 628.44 543.26 625.84 595.69

Depreciation 31.12 30.16 30.58 46.68 47.80

Depreciation On Revaluation Of

-- -- -- -- --

Page 24: Project

Assets

PBT 221.95 598.28 512.68 579.16 547.89

Tax 79.46 179.51 156.95 182.04 169.86

Net Profit 142.49 418.77 355.73 397.12 378.03

Prior Year Income/Expenses

0.16 3.57 2.61 -1.26 5.48

Depreciation for Previous Years Written Back/ Provided

-- -- -- -- --

Dividend -- -- -- -- --

Dividend Tax -- -- -- -- --

Dividend (%) -- -- -- -- --

Earnings Per Share(Rs)

14.86 43.66 37.09 41.40 39.41

Book Value(Rs) -- -- -- -- --

Equity 95.92 95.92 95.92 95.92 95.92

Reserves 998.55 -- 1,461.30 -- 1,879.40

Face Value(Rs) 10.00 10.00 10.00 10.00 10.00

BSE:  500820 NSE:  ASIANPAINTReuters:  ASPN.BO   ASPN.NS

Management Team

Mr. Subir BoseManaging Director

Mr. Bose is a B.Tech (Chemical) from IIT, Kanpur & PGDM from IIM, Ahmedabad having over 36 years of work experience. He started his career with Asian Paints Limited & prior to joining Berger was associated with Abukon Nigeria Limited.

Page 25: Project

Mr. Abhijit Roy Director and Chief Operating Officer

Mr. Roy is a B.E (Mech) from Jadavpur University, Kolkata & PGDM from IIM, Bangalore having over 19 years of work experience. He started his career with Asian Paints Limited & prior to joining Berger was associated with ICI (India) Limited.

Mr. Srijit DasguptaDirector and Chief Financial Officer

Mr. Dasgupta is a B.Sc (Hons) from Calcutta University, AICWA from Institute of Cost & Works Accountants of India & Company Secretary from Institute of Company Secretaries of India having over 27 years of work experience. He started his career with Machinery Manufacturers Corporation Limited and prior to joining Berger was associated with the same organization.

Mr. Ashok Sharma Sr. Vice President – Sales & Marketing Automotive, GI & Powder Coatings Division

Mr. Sharma is a B.Sc (Hons) from Delhi University, B. Sc (Tech) in Technology of Paints, Pigments & Varnishes from Bombay University & MBA from Faculty of Management Studies (FMS), University of Delhi having over 37 years of work experience. He started his career with Asian Paints Limited and prior to joining Berger was associated with the same organization.

Mr. Sandip MitraSr. Vice President – Sales & Marketing Protective Coatings Division

Mr. Mitra is a B.Sc (Hons), B.Tech & M.Tech (Chemical) from Calcutta University having over 34 years of work experience. He started his career with Shalimar Paints Limited and prior to joining Berger was associated with Jenson & Nicholson (India) Limited.

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Mr. Aniruddha Sen Sr. Vice President & Company Secretary

Mr. Sen is a B.Sc (Hons) from Calcutta University, Diploma in Management from IGNOU, Delhi, AICWA from Institute of Cost & Works Accountants of India & Company Secretary from Institute of Company Secretaries of India having over 28 years of work experience. He started his career with Indian Aluminium Company Limited and prior to joining Berger he was associated with the same organization.

Mr. Bhabesh BeraSr. Vice President – R & D

Mr. Bera is a B.Sc (Hons) & M.Sc (Chemistry) from Ranchi University having over 34 years of work experience. He started his career with C.S.I.R and prior to joining Berger he was associated with the same organization in Regional Engineering College, Durgapur.

Dr. Prosanta Kumar GhoshVice President – Manufacturing

Dr. Ghosh is a B.Sc (Hons) from Burdwan University, M.Sc (Physical Chemistry) & M.Tech (Material Science & Engg.–Polymer) from IIT, Kharagpur & Ph.D (Polymer Science) from IIT, Kharagpur having over 24 years of work experience. He started his career with IVP Limited, and subsequently worked for Rotomac Electricals Limited. Prior to joining Berger he was associated with ICI (India) Limited.

Mr. Subir Saha Vice President - IT

Mr. Saha is a B.Stat (Hons.), M. Stat & Diploma in Computer Science from Indian Statistical Institute (ISI), Kolkata having over 32 years of work experience. He started his career with National Informatics Centre and prior to joining Berger was associated CESC Limited.

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Mr. Subhashish Das Vice President – Corp. HR & Personnel

Mr. Das is an M.Com & LL.B from Pt. Ravi Shankar Shukla University, Raipur; PGDPM from National Institute of Personnel Management (NIPM), Kolkata, SIMAP from IIT, Kharagpur and PGDHRD from AIMA & NHRD, New Delhi having over 15 years of work experience. He started his career with Ambuja Cements Limited and prior to joining Berger was associated with the same organization.

Mr. Dinesh Kumar Virmani General Manager - Materials

Mr. Virmani is a B.Tech (Chemical) from HBTI, Kanpur, PGDM&S from Bharatiya Vidya Bhavan, New Delhi & MBA from University of Delhi having over 32 years of work experience. He started is career with Asian Paints Limited and subsequently worked for Hoyles Paints Limited, Berger Paints India Limited and Goodlass Nerolac Paints Limited. Prior to joining Berger for the second time he was associated in a self promoted company named Sai Paints Private Limited.