Meet Dhingra brothers: Shopkeepers who bought Vijay Mallya company and Made it Rs 56,000 crore business

Meet Dhingra brothers: Kuldip Singh Dhingra and Gurbachan Singh Dhingra are two brothers who own one of India’s largest paint firms, Berger Paints. Having purchased the country’s smallest paint manufacturer from beer billionaire Vijay Mallya’s UB Group in the 1990s, they have grown it to become the second largest in its industry, with a market capitalization of about Rs 56,000 crore. The story of their success is fascinating and rooted in hard work, perseverance, and a strong desire to succeed.

The two siblings have a net worth of roughly over Rs 25,000 crore ($3.1 billion) each in 2023 owing to their prospering multi-million dollar business. Kuldip Singh Dhingra is the chairman of Berger Paints while Gurbachan Singh Dhingra serves as the vice chairman. Under their able management, Berger Paints is not only ruling the paint market in India, but it is also operational in several other countries like Russia, Poland, Bangladesh, and Nepal.

Personal Details of Dhingra Brothers:

Dhingra brothers hail from Amritsar, Punjab. They were born in the first few years of the Indian Independence. They belonged to a family indulged in the paint business. Their Grandfather set up his shop in Amritsar in 1898. Dhingra Brothers did their graduation from the University of Delhi. After graduation, they started out as shopkeepers in Amritsar. They currently stay in New Delhi and manage all their business operations from here.

Acquiring Berger Paints

Dhingra brothers were running a successful paint business in their starting years. By the 1970s, their paint business had an annual turnover of Rs 10 lakh. As the business grew, it became the largest paint exporter to the Soviet Union in the 1980s. From a shopkeeper, Kuldip set his eyes on becoming the proprietor of a multinational company. His goal was to buy Berger Paints. The Berger Paints was then owned by Vijay Mallya’s UB Group. He was able to arrange a meeting with the beverage tycoon through a childhood buddy who knew Mallya. Dhingra brothers purchased Berger Paints from the UB group of Vijay Mallya in 1991.

Transformation of Berger Paints 

At the time of its purchase in 1991, Berger Paints was a struggling company that was in dire need of a makeover. It was one of the smallest paint manufacturers. However, the brothers were undeterred by the challenges they faced and quickly set about turning the company around. Their first step was to revamp the product line by introducing new and innovative products that were tailored to meet the needs of the Indian market. They also invested heavily in research and development to ensure that their products were of the highest quality. Additionally, they focused on expanding the company’s distribution network to reach more customers.

The Dhingra brothers’ efforts paid off, and Berger Paints soon became a household name in India. The company’s revenue grew exponentially, and it expanded into new markets both in India and abroad. Today, Berger Paints is a global brand that is known for its high-quality products and innovative solutions. Their success with Berger Paints is a shining example of how entrepreneurs can take struggling companies and turn them into global leaders.