Asian Paints, Non-Executive Director Ashwin Dani passes away
By siliconindia | Thursday, 28 September 2023, 05:15:08 PM IST
Ashwin Dani, Asian Paints' non-executive director, passed away on September 28. He was 79 years old. On June 23, 2021, the Asian Paints board of directors accepted the nomination of Deepak Satwalekar as chairman of the board and said that Ashwin Dani will remain a non-executive/promoter director on the board of directors of the organization. Under Ashwin Dani's direction, Asian Paints extended its business activities internationally, and as a result, the company rose to prominence as one of the world's top producers of paint. He was the first person in India to create a computerized color-mixing program.
Dani joined Asian Paints in 1968, which was founded by his father and three others in 1942. Between December 1998 and March 2009, Dani was the vice-chairman and managing director of the company. Born in Mumbai, Dani pursued a Bachelor of Science from the Institute of Science, University of Mumbai. Later, he earned a Master’s in polymer science from the University of Akron, Ohio. And then completed a diploma in color science from Rensselaer Polytechnic, Troy, New York.
Before joining Asian Paints, Dani even worked with Inmont Corp in Detroit, US, as a development chemist. Married to Ina Dani, Ashwin has three children. Their son, Malav Dani, is on the board of Asian Paints. Apart from business, Ashwin was also a yoga practitioner and had an interest in collecting art. As per Forbes, his family’s net worth is Rs 68,000 crore. In the March to June quarter this year, Asian Paints posted a consolidated net profit of Rs 1550.4 crore, showing a robust 50 percent year-on-year growth. The firm's consolidated sales rose 7 percent to Rs 9,153.8 crore.
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