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DIC Coatings India, Ltd. manufactures and markets industrial coatings and adhesives. The company was formerly known as Coates Coatings India, Ltd. and changed its name to DIC Coatings India, Ltd. in June, 2 !. DIC Coatings India, Ltd. was incorporated in "##$ and is %ased in &engaluru, India. 's of June ", 2 " , DIC Coatings India, Ltd. operates as a su%sidiary of The (alspar )*ingapore+ Corporation ,te. Limited.
Company History - DIC India Ltd. YEAR EVENTS 1947 - T ! "ompany #as in"orporat!d T ! "ompany #as "on$!rt!d into a p%&'i" 'imit!d "ompany on (7t )!&r%ary* 197+. T ! ,ain o&-!"t o. t ! "ompany is to man%.a"t%r! printin/ in0* print!rs s%ndri!s* synt !ti" r!sins and ot !r s%r.a"! "oatin/ mat!ria's. 191( - As part o. t ! mod!rnisation and r! a&i'itation pro/ramm!* a mod!rn 1 tonn! r!sin 0!tt'! #as insta''!d at t ! ,%m&ai %nit. 1912 - T ! "ompany insta''!d 4 nos. i/ !..i"i!n"y disp!nsion mi''s at its ,%m&ai and Ca'"%tta .a"tori!s. 1991 - 3arson 4aints Ltd. 534L6 ad &!"om! a s%&sidiary o. t ! Company. T is s%&sidiary #as m!r/!d #it Coat!s o. India* Ltd. 54ar!nt "ompany6 #it !..!"t .rom 1st 7%'y* 199(. 199( - A pro-!"t to man%.a"t%r! ind%stria' ad !si$!s at t ! pr!mis!s o. 3arson 4aints Ltd.* mad! satis.a"tory pro/r!ss. 8osti0 Ltd.* 9.3 #it # om t ! Company ad !nt!r!d into a t!" ni"a' "o''a&oration a/r!!m!nt* "omp'!t!d trans.!r o. t!" no'o/y. 199+ -Coat!s o. India #as !nt!r!d into a -oint $!nt%r! #it Va'spar Corporation o. t ! 9S and trans.!rr!d its "an "oatin/s &%sin!ss to t is "ompany. - T ! "ompany propos!d to !nt!r a -oint $!nt%r! #it Cray Va''!y o. )ran"!. Appro$a' #as a#ait!d .rom t ! 4o''%tion Contro' 8oard. 1997 -Appro$!d t ! s" !m! .or trans.!r o. t ! pa"0a/in/ "oatin/s &%sin!ss o. Coat!s to t ! -oint $!nt%r! #it Va'spar Corporation o. t ! 9S. -d!"id!d to parti"ipat! in t ! !:%ity o. Cray Va''!y R!sins India Ltd t ! n!# -oint $!nt%r! &!t#!!n t ! "ompany and t ! )r!n" .irm Cray Va''!y.
1991-Coat!s o. India;s propos!d -oint $!nt%r! in India #it Cray Va''!y o. )ran"! no# mor! t an a y!ar on t ! startin/ &'o"0 .a"!s a /rim .%t%r! d!spit! a C!ntra' <o$!rnm!nt "'!aran"! .or t ! pro-!"t. 1999 -Coat!s o. India Ltd as sp%n o.. its pa"0a/in/ "oatin/s &%sin!ss into a # o''y o#n!d s%&sidiary "ompany "a''!d Coat!s Coatin/s India Ltd 5CCIL6 # i" as initiat!d mo$!s to ind%"t Va'spar Corporation o. t ! 9S as a 49-p!r "!nt -oint $!nt%r! partn!r.
(=== -)ina'is!d t ! sa'! o. its ad !si$!s di$ision to 8osti0 India 4$t Ltd at a "onsid!ration o. a 'itt'! o$!r Rs 9 "ror!.
(==2 -Dainippon In0 > C !mi"a' 5DIC6 Asia 4a"i.i"* t ! Sin/apor!-&as!d par!nt o. Coat!s o. India 5CoI6* as i0!d its sta0! in t ! Indian s%&sidiary to +1.4? .rom @9.4? &y &%yin/ s ar!s .rom t ! s!"ondary mar0!t.
8als&ar (as &ermitted !" the $ndustr" 0inistr" to ac>uire in stages the entire e>uit" shares in CC$L 'initiall" =< &er cent). Encouraged !" the third >uarter results 'accounting &eriod o# calendar "ear), -r -utt e1&ected the com&an" to maintain a 4; &er cent olume gro(th, (hile conceding that margins (ere li*el" to !e under some *ind o# &ressure '43 &er cent gro(th e1&ected) o (ing to general !usiness conditions.