Ashwin Dani, the former chairman and non-executive director of Asian Paints, has died, the company said Thursday. He was 79.
Associated with the company since 1968, Dani was a strong force in driving it to technological excellence. Dani joined the company’s board in 1970. He was its vice-chairman and managing director from 1998 to 2009. After 2009, he continued on the board as non-executive director and vice chairman.
Between 2018 and 2021, he held the position of chairman.
“With deep regret, we inform you that Ashwin Dani, Non-Executive Director of the company, left for heavenly abode today, on account of brief illness,” the company said.
Asian Paints has a market capitalisation of Rs 3.04 lakh crore. It earned revenue of Rs 30,000 crore in FY23.