Amit Syngle, a successful leader in the business world, has a unique journey that began with a degree in mechanical engineering. He is now at the helm of Asian Paints, India’s top paint company and Asia’s second-largest. Syngle serves as the Chief Executive Officer (CEO) and Managing Director (MD) of the company, a position he took on in April 2020.
Starting his academic journey at Panjab Engineering College, Syngle earned a Bachelor’s degree in Mechanical Engineering. He later pursued a Master’s in Business Administration (MBA) from CBM Panjab University. This strong educational foundation laid the groundwork for his future success.
Syngle’s career at Asian Paints kicked off when he joined as a management graduate. His initial eight years were dedicated to the Sales department, during which he led teams responsible for sales in the northern and central parts of the country.
Under his leadership, Asian Paints saw significant growth and expansion. The company’s market capitalization reached an impressive Rs 3,13,000 crore as of August 25, 2023, with the share price at Rs 3,255.85 on a recent Friday.
Syngle’s journey with Asian Paints spans an impressive 31 years. Throughout his tenure, he held various roles across Sales, Marketing, Supply Chain, Business Development, Research, and Technology. His visionary leadership led the company to venture into new areas like home decor, including furniture, lighting, fabrics, and furnishings.
Asian Paints, which started in 1942 in a garage by four friends from Gujarat, has grown tremendously over the years. With a consolidated turnover of Rs. 34,489 crores, the company operates in 15 countries and has 27 paint manufacturing facilities across India. Their paints cater to both decorative and industrial purposes for interior and exterior walls.
Syngle’s impact on Asian Paints has been notable. In 2001, he took on the role of General Manager of marketing and transformed the Asian Paints brand into a modern, contemporary, and emotionally resonant identity. His journey continued with leadership positions, eventually becoming the President in 2012. In this role, he not only oversaw sales and marketing but also led the Research and Technology function for the entire organization.