New Delhi: Ashwin Dani, a non-executive director of Asian Paints, passed away on Thursday at the age of 79, marking the end of an era in the Indian paint industry. Dani continued to serve as a non-executive director on Asian Paints' board of directors after the company officially appointed Deepak Satwalekar as Chairman of the Board on June 23, 2021. The announcement of Ashwin Dani's passing was made by Asian Paints in a stock exchange filing, expressing deep regret over his demise. The company's statement highlighted his significant contributions, saying, "Mr. Ashwin Dani was associated with the Company since 1968 and has been a strong force in heralding the Company to technological excellence."
Dani's illustrious journey with Asian Paints began in 1968, when he joined the company founded by his father and three others back in 1942. Over the years, he played pivotal roles in the company's leadership. Between December 1998 and March 2009, Dani held the position of Vice-Chairman and Managing Director at Asian Paints. His visionary leadership helped the company expand its global operations, solidifying its position as a prominent player in the global paint industry. Notably, he was instrumental in introducing India's first computerized color mixing program, a milestone that revolutionized the paint industry in the country.
Ashwin Dani's educational background was marked by excellence. He pursued a Bachelor of Science degree from the Institute of Science, University of Mumbai. Later, he earned a Master's degree in polymer science from the University of Akron, Ohio, and completed a diploma in color science from Rensselaer Polytechnic in Troy, New York. His international exposure included working as a development chemist at Inmont Corp in Detroit, the United States, before joining Asian Paints.
Apart from his corporate achievements, Ashwin Dani was a devoted yoga practitioner and had a keen interest in art collection. His commitment to excellence extended to his family, as his son, Malav Dani, also serves on the board of Asian Paints. According to Forbes estimates, the Dani family's net worth stands at $7.7 billion, a testament to their enduring legacy in the business world. Ashwin Dani's contributions to Asian Paints and the broader paint industry will be remembered for years to come, as he leaves behind a remarkable legacy of innovation and leadership. His passing marks a profound loss for the business community in India and beyond.
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