Asian Paints Names Former JPM Executive Leo Puri as Next Chairman

Asian Paints, India's top paint maker, has announced that Leo Puri will take over as its chairman-designate on January 23, 2027. This change in leadership comes at a time when the company is facing increasing competition from new entrants and conglomerates such as Aditya Birla Group and JSW Group.

Puri, a veteran of India's financial sector, has held senior roles at JPMorgan Chase, UTI Asset Management, and Warburg Pincus. He currently serves as the India advisory chair at Apax and chairman of Fortis Healthcare.

The leadership transition is expected to bring new perspectives and expertise to Asian Paints as it navigates the competitive decorative paints market.