KANSAI NEROLAC PAINTS LIMITED CONTENTS
ABOUT US Kansai Nerolac Paints Limited 06 R&D CENTER AND CAPABILITIES Our Purpose & Our Vision 08 R&D Center 30 Our Swirl 09 Capabilities 33 A Journey of Building Care 10 Awards 13 TECHNOLOGY AND FACILITIES Nerolac Experience Lab 16 Our Manufacturing Footprint 34 Information and Digital Technology 36 OUR BUSINESSES Unique & Innovative products 18 ENVIRONMENT, SOCIETY AND GOVERNANCE Industrial Coatings 20 Environment 39 Auto 22 Society 40 Performance Coatings 24 Governance 43 Our Clients 28 ABOUT US
04 05 KANSAI NEROLAC PAINTS Kansai Paint Co. Ltd., is a Japanese, Osaka-based paint and coatings’ company whose main products are automotive, industrial and decorative coatings. The company was founded in 1918. It is one LIMITED of the world's top eight paint manufacturers with manufacturing sites in over 43 countries and presence in over 66 countries across the world.
In recent years, the group has been accelerating the pace of globalization and expanding its business In 1920, activities throughout the world with multiple M&A and greenfield initiatives. It is among the top 5 global GAHAGAN PAINTS AND VARNISH CO. LTD. automotive paint companies. It has a gross sale of came into being at Lower Parel in Mumbai. more than 3.9B USD and has market capitalization of One hundred years on, this paint company – now 5.01 USD Billion as on 1st January 2020. Kansai Paint known as Kansai Nerolac Paints Ltd. – is one of the Co.Ltd. is also an industry leader in the research and leading coatings’ companies in India. It goes without development of new paint and coatings technologies. saying, Nerolac also stands as one of the most trusted brands in the industry. THE COMPANY HAS MORE THAN 150 SUBSIDIARIES AND AFFILIATES ACROSS Right from the beginning of this century we have actively THE GLOBE. partnered with customers to embrace change wholeheartedly. We have brought beauty and durability to not just homes but also vehicles, home appliances, furniture and much more. We have made sure to be present in consumers lives in more ways than one. STRENGTHS OF KANSAI PAINT CO. LTD. This era had moments of pride with maintaining the GLOBAL TECHNICAL CAPABILITIES CAPABILITIES DIVERSITY mighty bridges and dams, adding sheen and beauty to India’s first modern day car Maruti 800.
Now, it is the era of healthy home paints with low VOC and no heavy metals. Nerolac is 'Colours that Care'.
06 07 OUR OUR PURPOSE VISION Create environments We design solutions for a healthy and that protect, inspire and beautiful future touch lives everyday
A century of legacy and glory is what defines us as Kansai Nerolac.
Our focus on ‘care’ for our customers has led us to be a technologically superior, socially responsible and an organisation of repute.
We’ve made sure to be present in lives of our customers in more ways than one. From connecting people, protecting and maintaining the mighty bridges and dams, adding sheen and beauty to India’s first modern day car, the iconic Maruti Suzuki 800, to ushering in an era of healthy home paints with low VOC and no heavy metals, bringing beauty and durability to not just walls but also vehicles, home appliances, furniture and more, there’s a little bit of Nerolac in everyone’s lives.
We look ahead with a renewed zeal to spark positive change among customers with ‘care’ as our core promise.
OUR SWIRL Core Values The 'Swirl' is an integral part of our identity and a living manifestation of the care that we offer in an ever-changing world. It encompasses all that we are – innovative, inventive, agile and of course, caring.
Integrity Customer Accountability Respect Enterpreneurial Innovation A constant endeavour to create an environment of ‘care’ at all levels Focus Mindset matters the most and we take pride in being ‘Colours that Care’.
08 09 A JOURNEY OF BUILDING CARE
Launched, Goody, the smiling Tiger as mascot Commissioning of Jainpur (U.P.) factory
Collaboration Kansai Paints, Acquisition Launched, Goody, Acquired with Nihon Collaboration Tie-up with Awarded the of Marpol Acquired by Start of the smiling Tiger Japan acquired First company to Saurashtra Parkerizing, Commissioning with Nihon Oshima Kogyo Pvt. Ltd.Best Managed the pigment as mascot stake of the introduce Eco-friendly Commissioning Lead Industries, Paints & Chanda Japan to form of Jainpur (U.P.) factory Tokushu Toryo and Low VOC products for Heat Resistant Company by factory UK Partner, of Goindwal (Punjab) UK Paints Nipa Chemicals Co. Ltd., Japan Paint Business TodayFactory Collaboration Cookson Kansai Paints, Ltd. Acquired with Nihon Collaboration Tie-up with Awarded the Tie up Start of Japan acquired Launch of Peak Market Acquired by Saurashtra Parkerizing, with Nihon Oshima Kogyo Best Managed with Protech the pigment stake of the Lead Free capitalisation of Lead Industries, Paints & Chanda Japan to form Tokushu Toryo for Heat Resistant Company by Chemicals Ltd., factory UK Partner, Decorative Rs. 33,000 cr UK Paints Nipa Chemicals Co. Ltd., Japan Paint Business Today Canada for Powder Cookson Paints in Dec 2017 Ltd. Coatings
19201920 1933 19331946 19501946 1957 19501968 1970 1957 1976 19681978 19831970 19841976 1985 19781986 1983 1988 199119841992 1985 1993 1996 1998 19861999 19882000 2002 1991 2005 19922006 19932008 2009 19962010 19982011 20121999 2014 20002015 2017 2002 2018 2005 2019 20202006
Drewtreat Amalgamation Name Tata Group Technical Chemical Ltd. Collaboration of GNP (Madras) Changed name to Company’s changed to acquired a part Collaboration A JV with Drew with Valspar for Ltd. and Saurashtra Goodlass Nerolac turnover crossed Goodlass of the foreign with Kansai Chemicals USA Powder Paints with Colours that Care Paints Ltd. Rs. 100 Cr Wall Pvt. Ltd. shareholding Paint Co. Ltd., and GNP was Coatings Drewtreat Goodlass Nerolac Amalgamation Japan set up Technical Chemical Ltd. Paints Ltd. Collaboration Name Tata Group Company’s of GNP (Madras) Changed name to Collaboration A JV with Drew with Valspar for Acquisition of changed to acquired a part Tata Group Nepal Shalimar Ltd. and Saurashtra Goodlass Nerolac Commissioning of turnover crossed Name changed to Commissioning of State-of-the-Art R&D Started as Gahagan with Kansai Chemicals USA divested its Powder Paints Pvt. Ltd. Goodlass of the foreign Lote (Maharashtra) factory Kansai Nerolac Paints Ltd. Hosur (Tamil Nadu) Factory Launched Paints withlab in Vashi, Mumbai Unveiled the Paints & Varnish Paints Ltd. holdingRs. 100 in favour Cr in Nepal Paint Japan and GNP was withCoatings a new logo Soldier Paints commissioned new corporate Co. Ltd. with factory Wall Pvt. Ltd. shareholding of Kansai Paint Goodlass Nerolac identity of at Lower Parel Co. Ltd. set up Co. Ltd., Japan Paints Ltd. Acquired Nerolac-Colours Name changed Public Issues Perma Launch of that Care. to Goodlass of Shares by the Construction Tie up with E.I. Heavy Metal Free Wall (India) Ltd. company Collaboration Aids Pvt. Ltd. DuPont De Decorative Paints Tata Group with Ameron for Tie up with Nemours & Commissioning of Name changed to Started as Gahagan high performance divestedCapital its Maharaja Co. of USA Lote (Maharashtra) factory coatings Tie up with Pvt Ltd., Sri Lanka Kansai Nerolac Paints Ltd. Paints & Varnish Commissioning of holding in favour Company Cashew Co. Ltd., for Lanka with a new logo Co. Ltd. with factory implements Bawal (Haryana) factory Japan of KansaiOperations Paint at Lower Parel SAP ERP across Japan Co. JV with all locations Polygel Name changed Public Issues Ltd., Japan Commissioning Industries Pvt. Ltd. to Goodlass of Share by the of Sayakha to form Nerofix Tie up with E.I. Pvt. Ltd. Wall (India) Ltd. company Collaboration (Gujarat) factory DuPont De with Ameron for Nemours & high performance Co. of USA coatings Company AcquisitionCommissioning of of RAK Paints, implements BangladeshBawal (Haryana) factory SAP ERP across all locations
10 11 AWARDS AWARDS
CORPORATE CUSTOMER BRAND MARKETING CSR PRODUCT ENVIRONMENT I.T. MANUFACTURING HUMAN RESOURCE LEADERSHIP REPORTS
8TH ACEF ASIAN LEADERS FORUM KNPL WAS CERTIFIED AS ONE OF AMONG THE TOP 50 CSR REPORT GOLD TROPHY - INSTITUTE OF COMPANY BEST VENDOR AWARD FOR COST TRUSTED BRAND GOLD AWARD - BEST MEDIA INNOVATION - INNOVATIVE PRODUCT/ SERVICE ENVIRONMENT EXCELLENCE ACE AWARDS- SAP ASIAN MANUFACTURING AND AWARDS GOLD AWARD- LOTE, GREENTECH THE GREAT PLACES TO WORK BY CEOS-ENTREPRENEUR MAGAZINE ABCI AWARD SECRETARIES - CORPORATE - TOYOTA READERS DIGEST EMVIES (4 AWARDS) AWARD- GOLDEN PEACOCK EXCELLENCE AWARD- FROST & ENVIRONMENT EXCELLENCE SULLIVAN GPTW IN YEAR GOVERNANCE SILVER TROPHY FOR 'NEROLAC SAP AWARDS- INDUS KARMAYOG - RATING 4/5 BEST SUPPLIER AWARD- TOYOTA PRODUCT OF THE YEAR AWARD- BRONZE AT CANNES PRAGATI EXPRESS' CAMPAIGN IN MOST PROACTIVE CERTIFICATE OF MERIT- LOTE- BEST CEO IN CHEMICALS GOLDEN PEACOCK- WORLD'S, LARGEST THE 'EXCELLENCE IN CSR - CONTRIBUTION THROUGH NEW NATIONAL ENERGY (ZERO ACCIDENT FREQUENCY ) CATEGORY- BUSINESS TODAY ASSOCIATIONS OF BUSINESS CORPORATE GOVERNANCE INDEPENDENT SURVEY SILVER TROPHY BEST AD - AAAI SOCIAL IMPACT AWARDS' DEVELOPMENT IN POWDER- CONSERVATION (JAINPUR)- BEST APO IMPLEMENTATION- BY NATIONAL SAFETY COUNCIL, COMMUNICATIONS OF INDIA - BEST VENDOR AWARD- CATEGORY GODREJ MINISTRY OF POWER GOI PC QUEST MAHARASHTRA (3 YEARS) GOLD BEST MANAGED COMPANY- MARUTI SUZUKI THE ECONOMIC TIMES DESIGN AWARD FOR AMBIENT ASIA PACIFIC ENTREPRENEURSHIP BUSINESS TODAY RECOGNIZED KANSAI NEROLAC MEDIA CATEGORY- KYOORIOUS MOST INNOVATIVE PRODUCT OF ENVIRONMENT MANAGEMENT GOLD CIO OF THE YEAR - DATA AWARD IN CHEMICAL AND PLASTIC BEST SUPPLIER AWARD-HMSI PAINTS AS ONE OF THE BEST DESIGN AWARD THE YEAR AWARD NEROLAC AWARD- GOLDEN PEACOCK QUEST MAGAZINE SAFETY SYSTEM EXCELLENCE - ENTERPRISE ASIA BRANDS IMPRESSIONS HD CONSUMER AWARD- FICCI KNPL RECEIVED THE “BEST BEST CMO- PITCH CMOS SUMMIT SURVEY OF PRODUCT BEST CTO IN MANUFACTURING- MR. H. M. BHARUKA WAS AWARDED SUPPLIER” AWARD FROM HONDA KANSAI NEROLAC PAINTS NAMED INNOVATION-NIELSEN CTO FORUM WITH THE PRESTIGIOUS ICC D.M. MOTORCYCLE & SCOOTER INDIA AS ONE OF THE 40 MOST TRIVEDI LIFETIME ACHIEVEMENT VALUABLE INDIAN BRANDS BY HALL OF FAME- CTO FORUM AWARD FOR CONTRIBUTION TO BEST VENDOR AWARD MSIL INTERBRAND, ONE OF THE INDIAN CHEMICAL INDUSTRY WORLD'S LEADING BRAND CONSULTANCIES
12 13 OUR BUSINESSES
The Nerolac Experience Lab is located at our head office in Mumbai. It is the living manifestation of our belief in creating NEROLAC ALL AROUND solutions that care.
It is our prized jewel - an environment where we invite employees, partners and customers to immerse into our world of offerings. We showcase our rich legacy. We showcase how we are part of every Indian’s life.
The Nerolac Experience Lab is a first-hand experience of the renaissance in the world of colour and coatings that we are ushering in.
14 15 HYGIENE CARE WOOD FINISHES UNIQUE & INNOVATIVE PRODUCTS We are constantly adding to our portfolio in lines with the evolving needs of customers across segments
NEROLAC EXCEL NEROLAC NEROLAC WONDERWOOD ICRO MULTI SURFACE DISINFECTANT HAND SANITIZER PROTECTION SHEETS HWS 256 GLORIA DECORATIVE OFFERINGS WATERPROOFING ADHESIVES Our product proposition is designed to cater to the evolving needs of customers in the key segments of Decorative and Industrial.
PERMA DAMP PROTECT PERMA NEROFIX NEROFIX NEROFIX NEROFIX GOLD EXTERIOR NODAMP AQUA SMART SMART SUPER
EXCEL EXCEL EXCEL IMPRESSIONS VIRUS GUARD TOP GUARD TOPCOAT MICA MARBLE HD SOLDIER PAINTS
EMULSION RANGE BRUSH AND FLOORCOAT GP ENAMEL CEMENT PUTTY BEAUTY SURAKSHA EXCEL GLITTER FINISH IMPRESSIONS GOLD WASHABLE DUST RESIST (INTERIOR & EXTERIOR) ROLLERS ULTRA FRESH
Key products shown, for full range visit our website www.nerolac.com 16 17 PERFORMANCE INDUSTRIAL COATINGS COATINGS
AUTO
POWDER COIL COATINGS COATINGS
PROTECTIVE FLOOR AUTOMOTIVE AUTO REFINISH COATINGS COATINGS COATINGS COATINGS
Technology from:
GENERAL INDUSTRIAL COATINGS
18 19 AUTO
We are Leaders in Automotive Coatings in India and known for providing complete range of products and solutions for 4-Wheeler, 2-Wheeler, Commercial Vehicles and Tractor Industry.
AUTOMOTIVE COATINGS AUTO REFINISH COATINGS
CUTTING-EDGE TECHNOLOGY Bringing back your vehicle to its original glory • High Solids Base Coat Technology • Mar Resistance Clear Coat After market paint required when the existing OE paint (more • Monocoat Metallic for 2 Wheeler specifically for vehicles) is damaged and needs to be repainted to • Low Bake Common Painting System for Sheet Metal & Plastics restore the original finish.
We offer comprehensive product range, technical support and Types of Paints Industry Trends service to Auto OEMs and component suppliers. We work jointly with Automotive customers to carry out various VA/VE • WATERBORNE • Environmentally activities like process time reduction or energy conservation. • PU sustainable products • ALKYD • Advanced Colour Offerings: • NC Matching Technologies Electro-deposition Primers Intermediate Coats / Primer Surfacers Solid and Metallic Top Coats and Clear Coats Products 2K Technology Products for the plastic parts Retan Hybrid | Cardea | Acric EZ | Perfect Match | Nerokan | Nova Plus | NAP Touch-up Paints and Auto Refinish Heat Resistant Paints Underbody Paints and PVC Sealants
20 21 PERFORMANCE COATINGS
POWDER COATINGS
OUR BRAND: NEROCOAT
Offerings: Traditional Coatings: Pure Epoxy Powders, Epoxy Polyester Powders, Pure Polyester, Poly Urethane
New Age Coatings: Super Durable Polyester, Heat Resistance Powder, Rebar Coatings, Pipe Coatings
PROTECTIVE COATINGS
Customized solutions for the unique high-technology requirements of the oil & gas industry, power infrastructure companies, chemical & fertilizer applications, etc.
Offerings: Traditional Coatings: Epoxy Coatings, Alkyd Coatings, Polyurethane costings, Chlorinated Rubber Coatings, Inorganic Zinc Primers
New Age Coatings: Polysiloxane Technology, Flouro Polymer Technology, IP Net Technology
22 23 PERFORMANCE COATINGS COIL COATINGS GENERAL INDUSTRIAL OUR BRAND: NERO COIL COATINGS Protection of sheets, provide aesthetics for industrial shades Range of traditional & advance solutions for various end user appications across industries such as fans, and roofs helmets, barrels, glasses and many more.
No wonder, we say – “There’s a little bit of Nerolac in your life.” FLOOR COATINGS
OUR BRAND: NERO FLOOR
Coatings for floors in industrial areas and medical labs
26 25
26 OUR CLIENTS
T
M H
M
Y
E
S
V
M
H
S
F
I
V
B
H
F N
M T T H
n
V
i
o u
i w
a
a
o
o
a o i
i
e
o
i
a
i c
e a
d
a
n
n
s
t
m
r z
t
S
j
y l
l
r
h n
h
t
a
s r r
a
u
d s
d k
a d
v
u
o
o
c
u
u
i
d
r e
a
C j
a
s s
M
o
u
u n
k
a
e
M t
t
M
b
r
A
M a n
w t
h
h
j a
i d s
i
j
d r o
G
a
i
M
a
u o
t
S
r o
i M
s
a
M
r
M
o M
t
M e a
a
y
r
a
G
t t
h
t u
o
g
t
M
o
o
l
s
o o o n
s
o
o
a
o
o
o
i
z
r
r
e
&
t
u
V
l
t
r
z
t r
t
o o
B
c
u M
o
e t
M
o
n C s
o
o
p
d
e o
t
u C
o M
k e
r r
r
r
o
r o o
o
a
h
s
r
I
p
i r
o n
A
n
C
a
m
t r C
C
t p
i
C
I
L
L z m
c o
o d
u n
h
o
C
o
o
o
i p
i l
r
r
i
d
t
I i
m
m
e r
p
m
a
m o
s
n
n
s
o
r
a
p
i
p
a
m
d a
d
m
i
i n
C
C
P
L
p
o
p
t
t
n
o
r
i
y e
e
o i r
L o
a r
p
a a
a o
y m
r
i
a
d
d
r
i
n
r v
n
a
a
L
b
m
P
p
t
p
L
i
a
y
t
y
n
i
i
t i
r
m
i o i o
o
l
t
i e
y
o m
i
e
t
e
v
r n
r
d
e
n
i
s
a
a
L
a t
i
L
d
t
e
t
t
i
t
e
i m
i
i
e
d
o
o
m
d
n
n
i
L
t
i
t
e
i
e m
d
d
i
t
e d CAPABILITIES CENTER AND R&D 27 existing in India. This was truly an initiative which INNOVATIONS paved the way for many companies to follow and THAT CARE emergence of Healthy Home paints for the first time in India. Similarly, our R&D function has driven the lead-free initiative and we were the first to declare The nerve center of Kansai Nerolac’s cutting edge our products with safe limits of lead and other technology is the Research & Development (R&D) R&D heavy metals. Clearly, we’ve lived up as champions center. It has played a pivotal role in helping us rise for the cause of environment and created safe as pioneers in the industry. products. We have also differentiated our decorative CENTER product line with new launches comprising of The R&D function takes great pride in being part of functional smart coatings such as formaldehyde the company’s exhilarating journey. KNPL was abetment, air purifying and anti-bacterial offerings. always known as the most technologically advanced & innovative company in the Paint KNPL Technical Services teams spread across India Industry. We have been providing cutting-edge plays an important role to support our esteemed solutions to our customers, thereby, reaffirming our customers and work jointly with them for product leadership position amongst Automotive Paint introduction, value engineering and day to day companies. problem solving and thereby ensuring smooth and efficient process management to achieve desired Over the past 100 years, our R&D has gone through output. many changes and introduced many new path-breaking technologies and created products And yet there is a long way to go. that have delighted our customers.
The coatings industry is at crossroads with The cornerstone of success of our R&D stems from legislation and sustainability on one hand and our agility to respond to the customer expectations. performance and deliverables on the other. In the automotive space, we have proved this time Urbanization, population growth, sustainability and and again by our imprints in technologies that were resource scarcity are driving major transformation in first in India - such as common base coat system, evolution of newer trends and a paradigm shift in 3C-1B Wet on wet painting system. These became a coatings technology. It is with this backdrop that we benchmark in the industry. are gearing up to approach future challenges.
In the decorative space, we were the first to Most importantly, our efforts will continue to nurture introduce low VOC products. It was a self-imposed the talent pool and make our facility today to a truly regulation when there were no prevalent norms global R&D.
28 29 Over 175 paint technologists State-of-the-art R&D Centre at Kopar Thrust on product innovation with reputation to build Khairne, Vashi, near Mumbai along with by leveraging global technology cutting-edge technology products mobile Laboratories at Bawal, Lote, Hosur, available from collaborators Kanpur and Sayakha
CAPABILITIES
Competency for development of tailor-made products for customers
Expertise at continuous Impeccable service to the Patents awarded for select value engineering activity customer to run the line trouble free products
30 31 OUR MANUFACTURING FOOTPRINT
Bawal, Goindwal, Haryana Punjab
Jainpur, UP
Saykha, Gujarat
Vizag, HO, Mumbai Andhra Pradesh (upcoming plant) Lote, Maharashtra
Hosur, Tamil Nadu
32 33 There is no denying that technology is the heart of us, but it gives us an edge to maintain our leadership most successful organizations. It is no different for status in the market. INFORMATION AND Kansai Nerolac as we furiously innovate with technology fueling us. However, what sets us apart is We are proud of strong technology partnerships and DIGITAL TECHNOLOGY our agility and the fact that we remain frontrunners in technical collaborations that keep us ahead of the adopting new technology. Not only does it differentiate curve in our quest to be superior and inventive.
EFFICIENCY FUELED BY SUPERIOR IT PROWESS DIGITAL TECHNOLOGIES
Supply Chain Customer Manufacturing SAP Leonardo
VENDOR IoT ML SAC ARIBA EHS MII PORTAL
CALL CRM CENTER
BAR CHAT APO ASRS RPA AR MES CODING VR BOTS
Employee AI BASED DIGITAL Engagement KM ERP BI BO INTERVIEWS FACTORY App
34 35 1. Environment Our sustainability programs can be broadly classified under the following heads: Water Management: Waste Management: Zero Liquid Discharge across all plants Hazardous Waste Reduction through installation of Ultrafiltration (UF), Reverse Focus on Reduction at Source, co-processing, Osmosis (RO) & Multi-effect Evaporator (MEE) recycle and reuse schemes, etc. treatment systems
Bio-Composting
Carbon Footprint: Energy Management: Move towards Carbon Neutrality Shifted from HSD to environment friendly and low-cost Solid Fuels and Bio-diesel in boilers and for process heat generation.
ENVIRONMENT, Solar Tubes Solar lamps Roof Top Solar Panels Solid Fuel Boiler
SOCIETY & Health and Safety: Plants certified with ISO 45001 by an International Certification Agency GOVERNANCE Solar panels Solar battery chargers
Emission Management : Focused approach towards energy management in the Company has led to efficient energy usage and thereby reducing corresponding scope 1 & 2 Green House Gas (GHG) emissions.
36 37 2. Society Community Development at Rural-level Objective: To reach to the grassroot citizens by providing basic facilities and amenities in the villages near to the We believe in the philosophy of POSITIVE We proactively partner in environmental, social plant locations / depot locations. CONTRIBUTION for the development of and economic development of communities society. through the use of innovative technologies, products and initiatives that go beyond normal We practise this philosophy by being a good business activities. neighbour, being considerate of our stakeholders at all the levels and most More so, involvement of the company’s importantly, we play the role of a good employees working at all locations in our CSR corporate citizen with zeal and compassion. initiatives helps in creating a sense of pride.
Preventive Health Care & Sanitation Objective: To provide facilities that improve general health care and sanitation. This includes implementation of various initiatives and awareness sessions under “Swachh Bharat Abhiyan”.
Promoting Education Objective: To enhance educational level and to promote education in rural area.
38 39 Environmental Sustainability 3. GOVERNANCE Objective: To protect and preserve natural resources through various initiatives. The Company believes in abiding by the Code of Governance so as to be a responsible corporate citizen and to serve the best interests of all the stakeholders, viz., the employees, shareholders, customers, vendors and the society at large. The Company seeks to achieve this goal by being transparent in its business dealings, by disclosure of all relevant information in an easily understood manner, and by being fair to all stakeholders, by ensuring that the Company’s activities are managed by a professionally competent and independent Board of Directors.
GOVERNANCE COMPLIANCE
Internal Audit with Nerolac Expeditions (Livelihood Enhancement Project) Focus on Control Online Compliance Efficiency Index (CEI) Tracking through Robust Control Legatrix Software Index (RCI)
RISK
The ‘Livelihood Enhancement Project’ engages the employees of Kansai Nerolac to train individuals across the country thereby, making them aware of painting as a career opportunity. Initiatives are undertaken to impart skill development training, including on paints and painting, to create job opportunities for System enabled unemployed youth. Having trained around 2000 people in basic painting skills, the programme continues in its efforts to reach individuals based in the most remote locations in India. It is a high-impact initiative Enterprise Risk targeted at holistic development of the entire communities and self-motivated individuals. Management
40 41 KANSAI NEROLAC PAINTS LIMITED A SUBSIDIARY OF KANSAI PAINT CO. LTD., JAPAN
NEROLAC HOUSE, GANPATRAO KADAM MARG, LOWER PAREL, MUMBAI 400013 www.nerolac.com
2021