Biography of Ashok Kumar Gupta: Managing Director and CEO of Shalimar Paints
Biography of Ashok Kumar Gupta:
Ashok Kumar Gupta, the Managing Director and CEO of Shalimar
Paints, is a seasoned professional guiding the company towards becoming one of
the top paint brands in the country. His role involves crafting and
implementing strategies for growth, managing risks effectively, and creating
contingency plans for potential challenges. His forward-thinking approach
focuses on adopting advanced solutions to deliver value to customers,
employees, and shareholders. Gupta has accumulated over thirty years of
experience in various leadership roles at prominent companies, including SAIL,
Jindal Industries, and Surya Roshni.
Biography of Ashok Kumar Gupta: Managing Director & CEO of Shalimar Paints/Success story of Ashok Kumar Gupta/Journey of Ashok Kumar Gupta
Professional Background and Remuneration
Ashok Kumar Gupta, is the Managing Director of Shalimar
Paints Ltd. He also holds roles at APL Apollo Tubes Ltd. and Apollo Pipes Ltd.
At 67 years old, Gupta brings over three decades of leadership experience to
his current position. He holds a Master’s Degree in Physics and a Postgraduate
Diploma in Business Administration (PGDBA).
Shalimar Paints: A Legacy of Color
Founded in 1902, Shalimar Paints specializes in making and
selling decorative paints and industrial coatings. Their range includes both
interior and exterior paints with several flagship brands. The company offers a
wide selection of over 7,500 colors through its "Color Space" tinting
systems. Iconic landmarks in India, such as the Howrah Bridge and Rashtrapati
Bhawan, are among the many structures adorned with Shalimar Paints. With two
manufacturing plants and more than 30 branches and depots across India,
Shalimar Paints also serves customers in Nepal, Bhutan, Dubai, and Seychelles.
New Roles and Achievements
Recently, Ashok Gupta has been appointed as the Managing
Director at Shalimar Paints and will also serve as the Vice Chairman of APL
Apollo Tubes Limited. Before this, he was the Managing Director at APL Apollo
Tubes. In his new position, Gupta is responsible for overseeing Shalimar
Paints’ overall operations and developing strategies to drive its growth.
Success and Impact
Under Gupta’s leadership, Shalimar Paints has seen a
remarkable turnaround. He successfully managed a rights issue that raised Rs
200 crore, which has been crucial in turning the company EBITDA positive for
the current financial year. This move has also contributed to a year-on-year
business growth of over 30%.
Salary and Increment Trends
In 2023, Gupta's gross remuneration as Managing Director of
Shalimar Paints Ltd. is ₹2.5 crore, with no increase from the previous year.
His role as Vice Chairman at APL Apollo Tubes Ltd. earns him ₹6 lakh, a
decrease of 29.4%. He is also a Non-Executive Director at Apollo Pipes Ltd.,
where compensation details are not specified.
Historical Compensation Overview
2022: Gupta earned ₹2.5 crore at Shalimar Paints Ltd.,
reflecting a 28% increase from 2021. His vice-chairmanship at APL Apollo Tubes
Ltd. saw an increase to ₹8.5 lakh, a 750% rise from the previous year. He was
also an Additional Non-Executive Director at Apollo Pipes Ltd.
2021: Gupta's salary at Shalimar Paints Ltd. was ₹2 crore,
up by 200.2% from 2020. His vice-chairmanship at APL Apollo Tubes Ltd. paid ₹1
lakh, a significant decrease of 99.3%. He was an Additional Director at Apollo
Pipes Ltd.
2020: As Vice Chairman at APL Apollo Tubes Ltd., Gupta
earned ₹1.5 crore, a 56.8% decrease from 2019. At Shalimar Paints Ltd., he
received ₹65.1 lakh.
2019: Gupta earned ₹3.5 crore as Vice Chairman of APL Apollo
Tubes Ltd. His salary at Shalimar Paints Ltd. was not disclosed.
2018 - 2017: Gupta served as Managing Director at APL Apollo
Tubes Ltd., with compensation details not provided.
2016: Gupta was a Whole-time Director at Jindal Stainless
(Hisar) Ltd., earning ₹82.2 lakh. He also held the Managing Director position
at APL Apollo Tubes Ltd.
