Kuldip Singh & Gurbachan Singh Dhingra
Kuldip Singh & Gurbachan Singh Dhingra
At a Glance
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Age66(Kuldip), 63(Gurbachan)
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Earnings$1230 Million
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Source of earningsPaints
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Marital StatusMarried
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Children3(Both)
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ResidenceNA
Forbes India Lists
#53 India Rich List 2013
Profile
Brothers Kuldip and Gurbachan Singh Dhingra control 75% of Berger Paints India, the country's second-largest paint maker, whose soaring shares earned them a spot on the list for the first time. The company is benefiting from rising profits and a well received March deal, in which it acquired decorative paints unit from the Indian arm of U.S.-based Sherwin Williams Paints for an undisclosed sum. Set up in 1923, the company saw several changes in ownership until 1991 when the brothers, who had their own small paints unit, bought it from liquor tycoon Vijay Mallya. The company also has operations in Nepal, Bangladesh, Russia, Poland and Cyprus and collaborations with Becker of Sweden and Japan's Nippon Paints.
