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Grauer & Weil (India) Limited, Unit : Bombay Paints was established in 1948 as a Private Limited Company by Mr. Y.A. Ezzudin and Mr. D. Jamaluddin. It was later bought over by two technocrats, Mr. J. M. Chudasama and Mr. J. M. Nadkarni and converted into a Public Limited Company in 1960.
In April 1994, the Management of the Company once again changed hands by virtue of which the control was transferred to a larger business group, known as the GROWEL GROUP, specialising in surface treatment and corrosion protection. The annual turnover of the group in the year 2007-08 aggregated to over Rs. 2750 Million. With the help of management expertise, coupled with high level of infrastructure and business synergies offered by the parent group, Bombay Paints has become stronger with a compelling presence in the paint industry. |