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DIC Ltd was manufacturer and distribution of printing ink, synthetic resins and printing sundries. Dainippon Inks and Chemicals, or DIC as it is increasingly known, changed the name of its two subsidiary Indian companies to DIC India Limited and DIC Coatings India Limited. DIC India was formerly know as Coates of India Limited and is a 65.76 per cent subsidiary of DIC through its wholly owned company in Singapore DIC Asia Pacific Pte Ltd. DIC Coatings Limited was known as Coates Coating Limited before the name change and is a 100 per cent subsidiary of DIC. The DIC group together with its subsidiary Sun Chemical is the largest ink company in the world. Around US$ 5 billion (Rs 22000 crore) of the group's revenues of more than US$ 9 billion come from ink related business. DIC is the world's largest supplier of inks, organic pigments, varnishes, coatings, resins, and toners and ink jet inks.
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