From shopkeepers to running Rs 68000 cr business empire, meet brothers
business May 27 2024
Author: Roshni Tamta Image Credits:twitter
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Meet Kuldip Singh Dhingra and Gurbachan Singh Dhingra
The Dhingra brothers acquired the Berger Paints and since then the company has been India's leading paint company. In 2023, the company generated a revenue of Rs 10,619 crore.
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Net worth
As per Forbes, the duo has a combined net worth of Rs 68,467 crore, or $8.2 billion. Kuldip Singh Dhingra is the Chairman of Berger Paints, and Gurbachan serves as Vice Chairman.
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Humble beginnings
The Dhingra family has been involved in the paint business since 1898. After their studies at Delhi University, the brothers expanded by setting up new shops in Amritsar, Punjab.
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Achieving success
In 1970s, the shops generated an annual revenue of Rs 10 lakh. This allowed the brothers to expand overseas in the Soviet Union. In 1980s, business generated Rs 300 crore annually.
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Acquiring Berger Paints
In the 1990s, the brothers acquired the British paint company, Berger Paints from Vijay Mallya, and changed it into a household brand in India and offshore with loyal customers.
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Next generation
Kuldip Singh Dhingra's daughter Rishma Kaur and Gurbachan Singh Dhingra's son Kanwardip Singh are the executive directors at the Berger Paints Headquarters, Kolkata.