Kuldip Singh and Gurbachan Singh Dhingra, the owners of Berger Paints, have an inspiring success story that began with humble roots in Amritsar, Punjab. Their grandfather, Bhai Kesar Singh established a general-purpose hardware shop in 1898 which later became known as UK Paints.
The Dhingra brothers began their commercial careers following graduation from Delhi University. As shopkeepers in Amritsar, their turn over about 10 lakh INR a year in sales.
Slowly growing their company, Kuldip and Gurbachan in the 1980s became the biggest paint exporter to the Soviet Union.
When they bought Berger Paints, the smallest paint maker in India, from Vijay Mallya’s UB Group in the 1990s, they took a risk. Their path underwent a sea change with this purchase, which made this faltering business the second-biggest paint firm in India.
Operating in India as well as Russia, Poland, Nepal, and Bangladesh, Berger Paints has expanded dramatically under their direction.
The brothers’ laissez-faire attitude and their idea of establishing reasonable goals while concentrating on expanding faster than the industry and gaining market share are responsible for the company’s success.
Berger Paints’ Chairman at the moment is Kuldip Singh Dhingra, with Vice Chairman Gurbachan Singh Dhingra.
Though they have extensive industry experience, the Dhingras prefer to serve as strategic consultants and do not become involved in the day-to-day activities of the business.
The Dhingra family is major shareholders in the publicly traded business and their total net worth is around 68,000 crore rupees (about $8.2 billion).
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Aiming entrepreneurs all around the world can find inspiration in the incredible path of Kuldip Singh and Gurbachan Singh Dhingra from modest shopkeepers to wealthy businesspeople. Their narrative shows that one may overcome obstacles and succeed greatly in the corporate world with hard work, determination, and strategic decision-making.
