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6 Customer Satisfaction Asian Paints
6 Customer Satisfaction Asian Paints
6 Customer Satisfaction Asian Paints
INTRODUCTION
Introduction
Need of the study
I 1-9
Objectives of the study
Scope of the study
Research methodology
Limitations of the study
FINDINGS,
SUGGESTIONS
QUESTIONNAIRE 36-37
BIBLIOGRAPHY 38
CHAPTER-I
INTRODUCTION
INTRODUCTION
It's a well known fact that no business can exist without customers. In the
business of Website design, it's important to work closely with your customers to
make sure the site or system you create for them is as close to their requirements as
you can manage. Because it's critical that you form a close working relationship with
your client, customer service is of vital importance.
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Companies should also note that manager and salespersons can manipulate
their ratings on customer satisfaction. They can be especially nice to customers just
before the survey. They can be especially nice to exclude unhappy customers from
being included in the survey.
One danger is that customer know that the company will go out of its way
to please customers, some customers may want to express high dissatisfaction (even if
satisfied) in order to receive more concessions.
5. Attention to detail
6. Anticipate your customer’s needs & go out of your way to help them out
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It is seen as a key performance indicator within business and is often part of a
Balanced Scorecard. In a competitive marketplace where businesses compete for
customers, customer satisfaction is seen as a key differentiator and increasingly has
become a key element of business strategy.
Furthermore, when these ratings dip, they warn of problems that can affect
sales and profitability. These metrics quantify an important dynamic. When a brand
has loyal customers, it gains positive word-of-mouth marketing, which is both free
and highly effective."
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NEED OF THE STUDY
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OBJECTIVES OF STUDY
1. To know the satisfaction level of customers with the products of Asian paints.
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SCOPE OF THE STUDY
The scope is very limited because attitude of the people change according to the time.
It is restricted to Karimnagar and that to among 120 respondents. It is conducted for
45 days and restricted to certain area.
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RESEARCH METHODOLOGY
Research is the plan structure & strategy for investigation conceived to answer to
research question & control variance. It is the overall operation pattern to framework
of project that stipulated the information to be collected from which sources by word
procedure. What are the two possible sources of data for securing in the above
mentioned information in the primary & secondary data.
SOURCES OF DATA:
Information required for the project is mainly primary data. The information
was collected by sample survey method with the help of questionnaire by meeting
various customers of Asian paints.
Sample design:
The sampling unit was confined to consumers of the product i.e. Asian paints
to know there satisfaction level regarding performance of the company.
Sample universe:
Sample frame/unit:
Sample frame for professionals, business people, employees etc, who are
using Asian paints.
Sample size:
Sample technique:
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The information is planned to be collected by sample method, the sample method
followed is random sampling method. The sampling method is simple random
sampling.
Analytical Method: simple percentage method is used for the analysis purpose.
Data collection:
The information is collected through questionnaires and personal interviews. And the
information of customers is known by company’s service sheet and the free service
sheet.
A Direct structure questionnaire has been asked to all the respondents in the
sample followed by direct personal interviews. Duration of study is 45 days.
Descriptive Studies:
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LIMITATION OF THE STUDY
2. The sample size taken is only 120 and as such is very small as compared to
the universe, this is due to the constraints of time and effort, and as such
may not be enough to generalize to the entire population, however it is
presumed that the sample represents the universe.
3. Respondents might have responded with the actual feelings of facts while
giving responses to the questionnaire.
4. Time being a limiting factor was not sufficient to gather opinions from
majority of the respondents, who form part of the universal sample.
5. While every care as been taken to eliminate perceptual bias from the side
of the researcher and the respondents however certain element of bias
might have set in to the research in adverantly.
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CHAPTER-II
In India, Paint industry’s total market size is US$1400 million. The organized
sector of the industry is 55%. The 45% unorganized sector has about 2500 units. The
big players and their market share-value of the organized sector are
ICI 11%
Shalimar 4%
Others 12%
Architectural 70%
Industrial 30%
ASIAN PAINTS
Asian Paints Limited(APL) is the market leader in the Indian paint industry,
commanding a market share of 38 per cent in decorative paints and 33 per cent overall
in the organised sector. Its annual sales turnover exceeds Rs. 1,300 crore, way ahead
of all the competitors in the industry. In profits too, Asian Paints is far ahead. Asian
paints market leadership in the decorative paints segments can be grasped correctly
when we take note of the relative position of the various players in the industry.
Whereas Asian Paints has a market share of 38 per cent, its nearest rival, Goodlass
Nerolac, commands a share of just 14 per cent. All others have only less than 10 per
cent. Such an achievement by a company that is wholly Indian in capital, management
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and technology and in an industry historically dominated by multinationals is
certainly a commendable feat
* Sourcing efficiencies
Background
Asian Paints Limited was established in 1942 as a partnership firm by four friends
Champaklal H. Choksey, Chimanlal N. Choksi, Suryakant C. Dani and Arvind
R.Vakil to manufacture paints in a garage in Mumbai (Bombay). From its humble
beginnings, the company has moved on to become the largest paints company in India
with a market share of 30 per cent.The company with a turnover of US$ 535 million
on standalone basis and US$ 640 million on consolidated basis (including turnover of
all its subsidiaries) is one of the top ten decorative paints companies in the world. Its
reach and dominance in the Indian market can be gauged from the fact that it is more
than twice the size of its neares competitor in India and it has been the market leader
in paints industry in India since 1968.The company operates in 22 countries and has
29 paint manufacturing plants in the world which service consumers in over 65
countries.The company operates around the world on its own and also through its
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three subsidiaries Berger International Limited,Apco Coatings and SCIB
Chemicals.The company aims to become one of the top five decorative paint
companies in the world and has embarked on an aggressive strategy of expanding its
global operations. The promoters hold the majority stake in the company (46.8 per
cent of the equity stake).The next largest shareholders are the foreign institutional
investors (19.5 per cent stake), followed by Indian public (16.5 per cent stake).
Domestic banks, financial Institutions, mutual funds and insurance companies hold
13.4 per cent stake. Corporate bodies and non-resident Indians hold the remaining
stake.
Asian Paints is engaged in manufacturing of paints. The company offers interior and
exterior wall paints, automotive paints, powder coatings, auto refinish paints, and
wood finishes. It operates in 22 countries and has 29 paint manufacturing facilities in
the world servicing consumers in over 65 countries. It is headquartered in Mumbai,
India and employs 3,924 people
VISION
“Asian Paints aims to become one of the top five Decorative coatings companies
world-wide by leveraging its expertise in the higher growth emerging markets.
Simultaneously, the company intends to build long term value in the Industrial
coatings business through alliances with established global partners . “
MISSION
To provide paints as per market demand, ensuring desired level and quality of
customer (dealer) service, continued availability of the right product mix of right
quality at the right time.
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CORE VALUES
CORE PURPOSE
Year Events
1945 Asian Paints uses an innovative marketing strategy of using small packs
2002 Asian Paints restructures and adopts enterprise resource planning technology
2005 Asian Paints becomes the tenth largest decorative paint company in the world
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Nath Balakrishnan
`The paint industry in India still has a lot to do to promote usage, which by itself is a
huge opportunity.'
Asian Paints is a household name in the domestic paints industry. Now, with
operations in 23 countries across the world, its business is acquiring a global
dimension. In a freewheeling interview with Business Line, Mr Ashwin Dani, Vice-
Chairman and Managing Director of
APL’s whole business operation can be divided into two segments i.e. Paints and
Chemicals.
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Asian Paints (AP) shares his outlook on the company's prospects, how various
categories within the paints segment fared, the role of marketing initiatives, such as
the installation of tinting machines, and, finally, about AP's acquisition-led expansion
strategy. Mr Dani's views on developments on the acquisition front will be published
next week.
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Demand for paints comes from two broad categories:
Decoratives:
Decorative paint's market size stands at around Rs 32.5 Bn. Asian paints is this
market leader in this segment
Under this segment it offers Painting Guide, Painting Solution, Paint Calculator and
Paint Selector as value added decorative service.
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Industrial:
Protective Coatings - protects steel and concrete structures from the corrosive
action of harsh climates, pollution, sea spray, acids, oils and solvents.
Road Markings – are used as road markers for lane as indicator of lane
separation and also as safety markers. They include ordinary road marking paint,
hot applied retro-reflective thermoplastic material and retro-reflective water borne
paints.
Floor Coatings – such paints protects the floor surface and prevents crack
formation, insect nest formation, water seepage etc
The paints sector is raw material intensive, with over 300 raw materials (30% petrol-
based derivatives) involved in the manufacturing process. Since most of the raw
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materials are petroleum based (ex: Titanium Dioxide), the industry benefits from
softening crude prices.
Since these companies strive to match their product sales to the market (i.e. 70% :
30%) they maintain similar market share in each segment
PRODUCT RANGE
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APEX ULTIMA
With 7 year warranty
Distribution network
Channel structure ASIAN PAINTS is all over India. The channel structure is very
simple and effective. Complications are kept out in order to make the overall process
very effective and efficient.
Asian Paints, the market leader in the architectural segment, has over 14 product
offering over 1,200 shades in package sizes ranging between 1 liter to 20 liters.
Logistics required to ensure that each of the company’s dealers has just
adequate stock of each shade of each product range, in each size. This calls for
immense accuracy in demand forecasting and an excellent network.
However, the advent of tinting machines has considerably eased the distribution
blues. With this technology, a paint company only needs to provide the dealer with
certain base colors, tinting machines (which include a dispenser, shaker and a
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computer), colorants or strainers, and a color card. The consumer chooses a particular
shade from the card. The dealer puts the code of the shade in the computer and the
computer programme finds the exact formula for the corresponding color.
TINTING MACHINE
Trying that these machines are directly purchased by dealers .The programme ensures
that the required stainer gets added to the base paint in the required quantity and the
new paint comes pouring out of the tinting machine in the shade chosen by the
customer
CHANNEL STRUCTURE
SELECTION OF DEALER
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1) The dealer should have a sound financial background.
3) The dealer should have his own infrastructure and logistics, since he is completely
responsible for the inventory and transportation of the goods to the shop from his
warehouse
ASIAN PAINTS believes in “Customer Loyalty” and thus asian paints expects that
their dealers apart from selling paint products should perform the following functions
for better customer relations’ management:
The dealer should be in regular touch with the customer, keep taking his feedback and
ensure maximum customer satisfaction. The dealer should also try and convince the
customer to try newer products of the company.
PAYMENT MODES
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Margins/Discounts
The dealers collect their margins at the time of sale of the product. Margin/discounts
is rovided by the company between 3.5% to 5%
Customer feedback is obtained not only after servicing as mentioned earlier, but post
sales too. There are 2 types of feedback forms customers can fill:
All these feedback cards are sent to the corporate office of the company where the
required action is taken.
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CHAPTER - III
DATA ANALYSIS & INTERPRETATION
1. Do you use paints?
2 No 0 0%
120%
100%
100%
Percentage of respondents
80%
60%
Percentage Of Re-
40% spondents
20%
0%
0%
Yes No
Opinion
INTERPRETATION
The above graph shows that 100% of respondents use the paints.
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2. Have you heard of Asian paints?
2 No 5 4.16%
120.00%
100.00% 95.83%
Percentage of respondents
80.00%
60.00%
Percentage Of Re-
40.00% spondents
20.00%
4.16%
0.00%
Yes No
Opinion
INTERPRETATION
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3. Have you ever tried Asian paints?
2 No 8 6.67%
100.00% 93.33%
90.00%
80.00%
Percentage of respondents
70.00%
60.00%
50.00%
40.00% Percentage Of Re-
spondents
30.00%
20.00%
10.00% 6.67%
0.00%
Yes No
Opinion
INTERPRETATION
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4. Which color does you like the most?
1 Green 25 20.83%
2 Red 65 54.17%
3 Black 15 12.5%
Percentage Of Respondents
60.00%
54.17%
50.00%
40.00%
Percentage Of Re-
spondents
30.00%
20.83%
20.00%
12.50% 12.50%
10.00%
0.00%
Green Red Black Other color
INTERPRETATION
26
5. How many times you prefer painting in a year?
1 Once 58 48.33%
2 Twice 39 32.5%
3 Thrice 23 19.17%
Percentage Of Respondents
60.00%
50.00% 48.33%
Percentage of respondents
40.00%
32.50%
30.00% Percentage Of Re-
spondents
19.17%
20.00%
10.00%
0.00%
Once Twice Thrice
Opinion
INTERPRETATION
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6. Overall how you are satisfied with Asian paints?
2 Somewhat 41 34.16%
satisfied
3 Unsatisfied 1 0.83%
70% 65.00%
60%
50%
Percentage of respondents
40% 34.16%
30%
20%
10%
0.83% Percentage Of Re-
0% spondents
ed ed ed
tisfi tisfi tisfi
a sa sa
r ys at Un
Ve ew
h
m
So
Opinion
INTERPRETATION
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7. What do you like about Asian paints?
1 Color 35 29.16%
2 Variety 12 10%
3 Quality 22 18.33%
4 Price 27 22.5%
5 Quantity 8 6.67%
6 Packaging 16 13.33%
Percentage Of Respondents
35.00%
29%
Percentage of respondents
30.00%
25.00% 23%
20.00% 18%
15.00% 13%
10%
10.00% 7%
5.00%
0.00%
Color Variety Quality Price Quantity Packaging
Opinion
Percentage Of Respondents
INTERPRETATION
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8. How did you know Asian paints?
2 Newspaper 27 22.5%
3 Radio 8 6.67%
Percentage Of Respondents
45.00% 42.50%
Percentage of respondents
40.00%
35.00%
30.00%
25.00% 22.50%
20.00%
20.00%
15.00%
10.00% 6.67% 8.33%
5.00%
0.00%
Advertising- Newspaper Radio Friends/ Saw it in
T.V other store
Opinion
Percentage Of Respondents
INTERPRETATION
30
9. Before switching on to Asian which paint did you prefer?
1 Nerolac 78 65%
Percentage Of Respondents
70% 65.00%
60%
Percentage of respondents
50%
40%
Percentage Of Re-
30% 24.17% spondents
20%
10.83%
10%
0%
Nerolac Asian paints Nippon paints
Opinion
INTERPRETATION
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10. Have you seen Asian paints advertisement?
2 No 1 0.83%
Percentage Of Respondents
120.00%
Percentage of respondents
99.17%
100.00%
80.00%
60.00%
40.00%
20.00%
0.83%
0.00%
Yes No
Opinion
Percentage Of Respondents
INTERPRETATION
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CHAPTER-IV
FINDINGS, CONCLUSIONS
& SUGGESTIONS
FINDINGS
33
CONCLUSIONS
34
SUGGESTIONS
Asian paints should try to capture the urban as well as remote area market.
To get more market share the company needs qualitative products with
innovation styles and aggressive market activities to create awareness
among public regarding their products.
The company has to provide the more and more facilities to their
customers at their customer doorstep by increasing their dealers net.
Asian paints should reorganize their all strength and try to increase their
customer share and also try to give tuff time to their competitors.
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QUESTIONNAIRE
QUESTIONNAIRE
Name:
Age :
Signature:
Yes No
Yes No
Yes No
Green Red
Once Twice
Thrice
Unsatisfied
Color Variety
Quality Price
Quantity Packaging
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Q8. How did you know Asian paints? ( )
Saw it in store
Haldiram Namkeens
Yes No
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BIBLIOGRAPHY
BIBLIOGRAPHY
REFERENCE OF BOOKS:
Concepts of Marketing:
Kotler Philip, Marketing Management, 11th edition, Prentice hall of India Pvt.
Ltd.
WEBSITES
www.Asianpaints.com/
en.wikipedia.org/wiki/Asian_Paints_India
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