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| Rain or Shine Elasto Painters | ||||
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| History | ||||
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Welcoat Dragons (2006–2008) Rain or Shine Elasto Painters (2008–present) |
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| Joined PBA | 2006 | |||
| Team colors | Blue, Red, Yellow, and White |
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| Company | Asian Coatings Philippines, Inc. | |||
| Owner(s) | Raymond Yu and Terry Que | |||
| Board governor | Mamerto Mondragon Edison Oribiana (alternate) |
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| Team manager | Mamerto Mondragon Jay Legacion (assistant) |
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| Head coach |
 Caloy Garcia
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| Championships | ||||
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2 championships 6 Finals appearances |
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| Uniforms | ||||
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| Welcoat Paints (PBL) | |
|---|---|
| Leagues | Philippine Basketball League |
| Founded | 1996 |
| History |
Welcoat House Paints 1996–2001 Welcoat Paint Masters 2001–2005 St. Benilde-Rain or Shine Elasto Painters 2005–2006 |
| Location | Philippines |
| Team colors | Red, white |
| President | Raymund Yu and Terry Que |
| Head coach | Gabby Velasco Junel Baculi Leo Austria Caloy Garcia |
| Championships |
6 PBL championships |
| Welcoat Dragons | |
|---|---|
| Uniforms | |
   Light uniform
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Dark uniform
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2 championships
2012 Governors'
2016 Commissioner's
6 PBL championships
1998–1999 Challenge
1999–2000 2nd Challenge
1999–2000 Chairman's
2000–2001 Chairman's
2002–2003 Challenge
The Rain or Shine Elasto Painters are a professional basketball team in the Philippine Basketball Association owned by Asian Coatings Philippines, Inc. It debuted in the league in the 2006–07 PBA season after acquiring the franchise rights of the Shell Turbo Chargers in 2006, which disbanded after the 2004–05 PBA season.
From 1996–2006, the franchise played in the Philippine Basketball League, carrying the name Welcoat House Paints, Welcoat Paintmasters and the St. Benilde-Rain or Shine Elasto Painters, winning a total of six championships.
The Rain or Shine Elasto Painters debuted in the Philippine Basketball League in 1996 as the Welcoat Paint Masters. Its first championship came in the 1999 Challenge Cup, winning 3-0 over Red Bull Energy Drink. Welcoat was considered as one of the two teams to enter the PBA before the 2000 season but lost out to Red Bull. Since then, the Paint Masters won five more championships, fielding in the best amateur and former Metropolitan Basketball Association players available, most notably Don Allado, Renren Ritualo, Yancy de Ocampo, Rommel Adducul, Ronald Tubid, James Yap, Paul Artadi, and Jay Washington. One of its biggest rivals from 2000–2002 was Shark Energy Drink, with PBA players Chester Tolomia (later joined Welcoat in 2004), Roger Yap, and later Rain or Shine member Gilbert Malabanan, as both teams engaged in four straight finals series, splitting both series in the process.
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