Berger Paints India Named One of India’s Best Managed Companies

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Business Wire India

Berger Paints India Ltd., one of India’s leading paint majors was recognized for overall business performance and sustained growth with the prestigious “Best Managed” title. India’s “Best Managed Companies” programme winners are amongst the best-in-class Indian-owned and managed companies demonstrating leadership in the areas of strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth.
 
Berger Paints has been an innovation leader in the Indian Paint industry and is today a household name owing to its consumer centric approach leading to introduction of unique and differentiated products and Services. The courage and the freedom to experiment in a structured way with complete backing of the top management has been the mantra to our success. The promoters and the board members encourage and support the innovation initiatives at the organization with complete freedom given to the team to excel on the innovation front.
 
“India’s Best Managed Companies 2021 winners are a shining example of the importance of leadership in the face of adversity,” said Porus Doctor, Partner, Deloitte India. “By using their unique purpose as the bedrock of their organizational foundation, they were able to chart a path forward with courage and resilience. In a year unlike any other, these companies should be proud not only of this prestigious designation, but the ever-important role they play in the progress and prosperity of India.”
 
India’s Best Managed Companies is part of Deloitte’s global marquee programme that has a significant history of close to 30 years founded on a proven framework that has brought value to more than 1,000 companies across more than 35 countries. The programme highlights organizations that exemplify operational efficiency, exceptional business performance, and sustained growth. It celebrates companies who have pivoted their businesses to growth with strong leadership and organizational excellence. Companies undergo a rigorous application process and are judged on the four pillars of strategy, capabilities and innovation, governance and financials, and culture and commitment.
 
Applicants were evaluated by an eminent independent judging panel comprising Chetna Sinha, Founder- Chairperson Mann Deshi Bank and Mann Deshi Foundation; Harish Bijoor, Business and Brand Strategy Expert and Founder, Harish Bijoor Consults Inc.; Kiran Karnik, Chairperson – Indraprastha Institute of Information Technology, Delhi and Former President, NASSCOM; Krishnakumar Natarajan, Co-founder – Mela Ventures and Earlier Co-founder, Mindtree; Dr. Parthasarathi Shome, Chairman – International Tax Research And Analysis Foundation (ITRAF); and Dr Sameer Sharma, Director General and CEO of the Indian Institute of Corporate Affairs (IICA). India’s first-ever “Best Managed” companies share commonalities that include (but are not limited to) empowering a remote workforce, making employee health a top priority, acting with an increased sense of purpose and social responsibility, and significantly heightened focus on cash flow.
 
Speaking about receiving this prestigious award, Mr. Abhijit Roy, MD & CEO, Berger Paints said, “The entire Berger family today is thrilled to be recognized as one of India’s Best Managed Companies for 2021. The tremendous progress witnessed by the company over the past decade has been enabled by an organizational culture that encourages and rewards innovation. Berger’s employees are the true winners of this award as this is a testament to their ability to consistently craft and execute winning strategies while ensuring that the corporate governance is of the highest order. Berger Paints believes that dedication and smart work are paramount to drive a company’s success. Despite the undeniable challenges thrown to us by the COVID pandemic, we at Berger Paints have been agile, focused to shift to new normal and understanding the core value of business – people, process and technology more than ever. We sincerely thank Deloitte India and express our gratitude for choosing us as India’s one of the best managed companies in 2021. This is indeed encouraging to lead us to adoption of more innovation, technology and modern business trends.”

The 2021 winners of India’s Best Managed Companies Programme were honored on 17 September 2021. The event addressed leading-edge business issues that are key to the success of today’s business leaders. The Best Managed programme is designed to recognize top companies in the Deloitte Private space.