JSW Dulux targets No. 2 in decorative paints post Akzo buy, taking aim at Asian Paints

Newly formed JSW Dulux, born from JSW Group's acquisition of Akzo Nobel India, is chasing a top-two slot in India's crowded 14+ player decorative and industrial paints market via aggressive expansion, distribution scale-up, brand investment and premiumisation.

— Source publishedWed, 17 Jun, 2026, 12:53 IST·First seen Wed, 17 Jun, 2026, 16:22 IST·Source ET Retail

What happened

JSW Dulux, formed after JSW Group's acquisition of Akzo Nobel India, is targeting a top-two position in India's decorative and industrial paints market through

Key facts

  • top-2 position
  • 14+ players

Why this matters

JSW's Akzo playbook signals consolidation in a 14+ player market is live—mid-tier regional paint brands and adjacency targets (waterproofing, wood coatings) become attractive bolt-ons as the top-2 race forces scale moves.