Ashwin Dani & family

$7.00 B

Ranked #332 in World

About Ashwin Dani & family

India's finance community mourns the loss of Ashwin Suryakant Dani, a luminary and non-executive chairman of Asian Paints Ltd, who passed away at 79 on 28 September 2023. A Mumbai-born innovator with a Jain family heritage, Dani rose as a business magnate, ranking among the top 50 wealthiest Indians. His storied career began in 1967 with Inmont Corp, leading to a transformative tenure at Asian Paints from 1968. Instrumental in pioneering computerized color matching in India, Dani's strategic alliances, notably the PPG Asian Paints joint venture, marked him as a visionary in technology and polymer science. He earned multiple accolades, including the Ernst & Young Entrepreneur of the Year in Manufacturing (2003). His legacy endures through his contributions to various industry and educational boards and his son Malav Dani's continued role at Asian Paints.

Born

October 24, 1942

Source Of Wealth

Paints

Industries

Manufacturing

Citizenship

India

Education

Master of Science, University of Akron; Bachelor of Arts/Science, University of Mumbai

Ashwin Suryakant Dani was born in 1943 or 1944 in a Mumbai-based Jain family. His father, Suryakant Dani, was a co-founder of Asian Paints Ltd., a leading Indian paint company. Ashwin Dani obtained various degrees in science, technology, and polymer science from prestigious institutions in India and the United States.

Ashwin Dani & family: Family

Ashwin Dani was married to Ina Dani, and they had three children together. His son, Malav Dani, is a non-executive director on the board of Asian Paints.

Ashwin Dani & family: Career Highlights

Ashwin Dani began his career in 1967 as a development chemist with Inmont Corp (now BASF) in Detroit, Michigan, USA. In 1968, he joined Asian Paints as a senior executive and held various senior positions throughout his career, including director of R&D, works director, whole-time director, and vice chairman.

During his tenure at Asian Paints, Ashwin Dani was responsible for developing and introducing many products for the first time in India. He also pioneered the idea of computerized color matching in the Indian paint industry and was instrumental in setting up PPG Asian Paints, a joint venture with PPG Industries.

Ashwin Dani & family: Companies

Ashwin Dani was associated with various companies and organizations throughout his career. He was a founding member of the Colour Group of India, promoting computerized color matching and measurement. He also served as an advisor to the Central Board of Trustees of the Employees Provident Fund, president of the Indian Paint Association, and president of the Board of Governors of the UDCT Alumni Association.

Additionally, Ashwin Dani was a member of the Board of Management of the Institute of Chemical Technology and a board and audit committee member of Sun Pharmaceuticals from 2004 to 2018. He was also a board member of ACC Ltd, chairman of its Nomination and Remuneration Committee, and a member of its Audit Committee.

He served as president of Kapadwanj Kelavani Mandal, an educational institute in Gujarat.

Ashwin Dani & family: Major Achievements

Ashwin Dani's major achievements include developing and introducing numerous products for the first time in India, pioneering computerized color matching in the Indian paint industry, and playing a key role in establishing PPG Asian Paints, a joint venture with PPG Industries.

Ashwin Dani & family: Awards & Achievements

Ashwin Dani received several awards and recognitions for his contributions to the paint industry and business. These include the Cheminor Award for excellence in Supply Chain (2002), Achiever of the Year Award – Chemical Industry (2003), Ernst & Young Entrepreneur of the Year in Manufacturing (2003), Lifetime Achievement Award from the Indian Paint Association (2011), Colour Society Lifetime Achievement Award (2012), Businessman of the Year by Business India Magazine (2015), and the B. Krishnamurthy Award of Excellence (2017).

Ashwin Dani & family: Personal Life & Legacy

Ashwin Dani passed away on 28 September 2023 at the age of 79. He left behind a legacy of innovation, leadership, and entrepreneurship in the Indian paint industry. His contributions to Asian Paints and the broader business community have had a lasting impact, and he is remembered as a visionary leader who transformed the paint industry in India.

Ashwin Dani & family: Trivia

Ashwin Dani was known for his passion for art and culture. He was an avid collector of Indian classical music and art and was involved in various cultural initiatives. He also had a keen interest in sports and was a supporter of the Indian cricket team.

Wealth History

Timeline

1943/1944

Ashwin Suryakant Dani was born in a Mumbai-based Jain family.

1967

Dani obtained his first job as a development chemist with Inmont Corp (now BASF) in Detroit.

1968

Dani joined Asian Paints as a senior executive.

December 1998

Dani became the vice chairman and managing director of Asian Paints.

March 2009

Dani retired as the vice chairman and managing director of Asian Paints.

2002

Dani received the Cheminor Award for excellence in Supply Chain.

2003

Dani received the Achiever of the Year Award – Chemical Industry and the Ernst & Young Entrepreneur of the Year in Manufacturing.

2004

Dani joined the Board & Audit Committee of Sun Pharmaceuticals.

2011

Dani received the Lifetime Achievement Award from the Indian Paint Association.

2012

Dani received the Colour Society Lifetime Achievement Award.

2015

Dani was named Businessman of the Year by Business India Magazine.

2017

Dani received the B. Krishnamurthy Award of Excellence.

28 September 2023

Ashwin Suryakant Dani passed away at the age of 79.

Ashwin Dani & family : FAQs

What is Ashwin Dani's net worth?

As of 2023, Ashwin Dani's net worth was $7.00 billion.

What are Ashwin Dani's main sources of wealth?

Ashwin Dani's main source of income comes from Paints.

In which industry does Ashwin Dani primarily operate?

Ashwin Dani is primarily involved in the Manufacturing industry.

What is Ashwin Dani educational background?

Ashwin Dani holds a Master of Science from the University of Akron and a Bachelor of Arts/Science from the University of Mumbai.

How many children does Ashwin Dani have?

Ashwin Dani has 3 children.

Who was Ashwin Suryakant Dani and what was his role at Asian Paints Ltd?

Ashwin Suryakant Dani was an Indian billionaire businessman and the non-executive chairman of Asian Paints Ltd. He served as vice chairman and managing director from December 1998 to March 2009 and was among the top 50 richest Indians.

What was Ashwin Suryakant Dani's background and early career?

Ashwin was born in a Jain family in Mumbai. His father, Suryakant, co-founded Asian Paints. Ashwin Dani obtained degrees in science, technology, and polymer science from prestigious institutions and started his career as a development chemist with Inmont Corp in Detroit in 1967.

How did Ashwin Suryakant Dani contribute to the Indian paint industry?

Ashwin Suryakant Dani made significant contributions to the Indian paint industry by holding various key positions in Asian Paints and pioneering the concept of computerized color matching in India. He helped develop numerous innovative products and was instrumental in setting up PPG Asian Paints, a joint venture with PPG Industries.

What organizations was Ashwin Suryakant Dani associated with?

Ashwin Suryakant Dani was associated with several organizations. He was a founding member of the Colour Group of India, advisor to the Employees Provident Fund, president of the Indian Paint Association, and held numerous other key positions in the educational and pharmaceutical sectors.

What awards did Ashwin Suryakant Dani receive in his lifetime?

Throughout his career, Ashwin Suryakant Dani received numerous accolades, including the Cheminor Award for Supply Chain Excellence (2002), Achiever of the Year in the Chemical Industry (2003), Ernst & Young Entrepreneur of the Year in Manufacturing (2003), Lifetime Achievement Award from the Indian Paint Association (2011), and several others.