Dhingra Brothers, bought by a Mallya-owned firm; 16 crore company business is now Rs 55,000 crore
The Dhingra brothers, who started
their business from a small shop, today own a company worth more than Rs 55,000
crore. He bought the company Lewis Berger Paints owned by Vijay Mallya and took
it to heights that no one could have imagined.
It is not so easy to succeed in
business. Along with luck, hard work, foresight, adoption of technology etc.
many factors play an important role in this success. It is these success
stories that inspire the youth community. One such inspiring story is that of
the Dhingra brothers. Two brothers (Dhingra Brothers) who started their
business from a small shop today own a company worth more than Rs 55,000 crore.
He bought the company owned by Vijay Mallya and took it to heights that no one
could have imagined. They are Kuldeep Singh Dhingra and Gurbachan Singh
Dhingra. He is the owner of Berger Paints, India's leading paint company.
16 crore, Berger Paints turnover is
now Rs 55,000 crore
This company was started in 1923 by a
British man named Hadfield in Kolkata. In 1947 it was bought by British Paints.
In 1969, it was bought by a British company called Berger Jensen Nicholson.
The Berger brand has been popular since
the 18th century. Founded by Lewis Berger, Berger Company set foot in India in
1969. Its turnover was very low then. In 1973, the UB Group bought the Berger
company. Within a few years the paint sales business grew to Rs 16 crores.
In 1991 Kuldeep Singh Dhingra and
Gurbachan Singh Dhingra bought Berger Paints Company from UB Group. Berger
Paints achieved all-round growth under his watch. Berger Paints is now one of
the largest paint companies in India.
Dhingra Brothers business started
from grandfather's paint shop
Kuldeep Singh Dhingra and Gurbachan
Singh Dhingra hail from Punjab. His grandfather had a paint shop in Amritsar in
1898. After studying in Delhi University, these two brothers joined their
grandfather's shop. He started growing in the paint business at a very rapid
pace. In the 1980s, the largest export of paint was to the Soviet Union.
Kuldeep Singh Dhingra bought Berger Paints Company as part of his efforts to
grow his business. Through one of his friends, he met Vijay Mallya and negotiated
the Dhingra Brothers deal.
Berger Paints, which was owned by
Vijay Mallya's UB Group in 1991, has now expanded into the market of many
countries including Russia, Poland, Nepal, Bangladesh and other countries under
Dhingra Brothers flagship . Kuldeep Singh Dhingra is the Chairman of Berger
Paints, while his brother Gurbachan Singh Dhingra is the Vice Chairman. Dhingra
family is one of the richest families in India.