Employees
~1,055
Founded
1902
About Shalimar Paints
Key Facts
Approximately 1,055 employees globally
Headquartered in Gurgaon, Haryana, India
Operates in Manufacturing
Founded in 1902
Executive Leadership Team
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Shalimar Paints Executive Leadership Team
Sachin Naik
Group Chief Financial Officer
Shalimar Paints is a fast-growing, pan-India paint manufacturer with three operating plants, 50 depots, an R&D centre and two business divisions — Decorative (B2C) and Industrial (B2B). Currently executing an aggressive capacity-expansion and geographic-growth strategy.
Key responsibilities
Lead end-to-end finance function across multi-plant, multi-entity operations, reporting to the MD, board and promoters.
Partner with the CEO and business heads on growth strategy, capital allocation and performance management for both Decorative and Industrial divisions.
Build and maintain governance, internal controls, compliance and risk management frameworks (credit, currency, tax, insurance).
Drive treasury, working-capital optimisation, banking relationships and funding strategy to support large capital programmes.
Oversee ERP (SAP) rollouts, finance automation and process standardisation to improve reporting accuracy and cycle times.
Lead and mentor the finance team across accounting, costing, treasury and compliance functions.
Select achievements:
Partnered with leadership to deliver 15% CAGR revenue growth while enabling expansion into new geographies.
Structured and closed ₹200 Crore fundraising to fund capacity expansion and market growth initiatives.
Established a robust risk management framework (credit, currency, tax, insurance), resulting in measurable improvements in compliance scores and reduced transactional risk.
Implemented new SAP modules and targeted automation projects that reduced monthly close timelines by 7 days and lowered overhead costs by ~3%.
Introduced MIS and rolling-forecast frameworks to improve business visibility and support promoter/board decision-making.
Impact - Transitioned finance from transactional controllership to strategic business partner, enabling scalable growth while strengthening governance and cash discipline.
Since 2023
Business Focus Areas
Business Focus Areas
Widest range of decorative paints in every imaginable shadeEvery drop of paint is perfected with the right chemistryAvailable in over 2000 cities and towns across IndiaLeader in industrial coatingsOver 1000 shades through Colour Space tinting systems
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