The inspiring tales of thriving and struggling billionaire businessmen never cease to fascinate us. In this regard, today in this article we would like to share the stunning story of two brothers who started their business from a small shop and now own a multinational paint company worth over ₹55,000 crores. The rise to the triumph of the Dhingra Brothers from Punjab is nothing short of a film plot.
Kuldeep Singh Dhingra and Gurbachan Singh Dhingra are the scornful proprietors of Berger Paints, the leading Indian paint company. The 75-years old elder brother Kuldeep Singh Dhingra serves as the chairman of Berger Paints, while 73-years old Gurbachan Singh Dhingra holds the position of vice chairman.
In the 1990s, they purchased the country’s smallest paint manufacturer from Vijay Mallya’s UB Group. With sheer hard work and determination, they transformed this small enterprise into the second-largest paint company in the country. Continue reading on to know more about their incredible journey to success.
Dhingra Brothers success: From the owner of a small shop to the maker of a company worth 55 thousand crores
The rags-to-riches story of Dhingra Brothers from Amritsar is one of true determination. Kuldeep Singh Dhingra and Gurbachan Singh Dhingra hail from a family of businessmen in Punjab and started their entrepreneurial journey as small shopkeepers in Amritsar after graduating from Delhi University.
Their annual turnover in the 1970s was a modest ₹10 lakh, but with their relentless hard work and dedication, they became the largest paint exporters to the Soviet Union in the 1980s. Today, they are the proud owners of Berger Paints, India’s leading paint company, and have a net worth of more than Rs 55,000 crores, placing them among the most successful businessmen in the country.
Buying Berger Paints from Vijay Mallya
Kuldeep Singh Dhingra, a successful entrepreneur, embarked on a rapid expansion of his business and set his sights on owning a multinational company, moving beyond his humble beginnings as a shopkeeper. His target was Berger Paints, which at the time was part of Vijay Mallya’s UB Group.
Through a connection with a friend, he successfully completed the acquisition of Berger Paints from Mallya. Today, Berger Paints has a global presence with operations in several countries, including Russia, Poland, Nepal, and Bangladesh. The Dhingra Brothers have since become one of the wealthiest families in India.
