The Indian paint industry is witnessing a massive transformation as Akzo Nobel India Ltd officially announced a leadership overhaul. On January 9, 2026, the company appointed Parth Jindal as the new Chairman of the Board. This strategic move follows the completion of JSW Paints' acquisition of the company, signaling a new era for the "Dulux" brand in India.
For Indian investors and consumers, this consolidation creates a formidable competitor to market leaders like Asian Paints. The backing of the JSW Group brings deep pockets and industrial expertise to Akzo Nobel's premium heritage.
New Leadership Appointments at Akzo Nobel India
The board meeting held this Friday formalized the JSW Group’s vision. The new management structure aims to integrate Akzo Nobel's global R&D capabilities with JSW's aggressive market expansion strategies. Key appointments include Parth Jindal and industry veteran Rajiv Rajgopal.
The table below details the key leadership changes approved by the board:
| Name | New Designation | Key Role/Background |
|---|---|---|
| Parth Jindal | Chairman & Additional Director | MD of JSW Paints & JSW Cement; leads the strategic vision. |
| Rajiv Rajgopal | Joint MD & CEO | Formerly CMD; ensures continuity during integration. |
| Shantanu M. Khosla | Independent Additional Director | Ex-P&G veteran; brings 3-year term FMCG expertise. |
These appointments are designed to ensure a smooth transition while aggressively targeting the #3 spot in the Indian paint sector.
The ₹12,915 Crore Acquisition Deal
This leadership shuffle is the final step in JSW Paints' acquisition of a 61.2% majority stake in Akzo Nobel India. The deal, valued at approximately ₹12,915 crore, was finalized with the Dutch parent company, Akzo Nobel N.V., in late 2025.
This acquisition is not just financial; it is a strategic "Dual-Brand" masterstroke:
- Dulux India will continue to serve as the premium brand, targeting urban consumers who value global heritage.
- JSW Paints will focus on the mass market and Tier 2/3 cities with its value-driven "Thoughtful" approach.
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Market Impact and "Pricing War"
Analysts predict that this consolidation will trigger intense competition. While Asian Paints and Berger Paints currently dominate the market, the entry of JSW as a major stakeholder in Akzo Nobel changes the dynamics.
With JSW's infrastructure clout, the company is expected to push high-performance coatings in industrial sectors where it already leads. Furthermore, market experts suggest a potential reverse merger in the coming years, which could unify the entities on the stock exchange.
Frequently Asked Questions
Who is the new Chairman of Akzo Nobel India?
Parth Jindal has been appointed as the Chairman of Akzo Nobel India following the acquisition by JSW Paints. He is also the Managing Director of JSW Paints.
What is the value of the JSW and Akzo Nobel deal?
JSW Paints acquired a controlling stake in Akzo Nobel India for approximately ₹12,915 crore. This gives them a 61.2% stake in the company.
Will the Dulux brand be discontinued?
No, the Dulux brand will continue. It will be positioned as the premium offering in the portfolio, while JSW Paints focuses on the mass market.
Key Takeaways
- Parth Jindal is the new Chairman of Akzo Nobel India.
- JSW Paints acquired a 61.2% stake for ₹12,915 crore.
- The company aims to challenge Asian Paints and Berger for market share.
- A dual-brand strategy will maintain Dulux for premium users.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Stock market investments are subject to market risks. Please consult a qualified financial advisor before making investment decisions.
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