Sirca Paints Doubles Down on ESG Commitments as it Strengthens Domestic Manufacturing in India

Sirca Paints Doubles Down on ESG Commitments as it Strengthens Domestic Manufacturing in India​

Sirca Paints India Limited, a leading name in the Indian wood coatings industry with over two decades of expertise, has provided significant updates regarding its business operations and commitment to sustainability for the financial year 2025-26. The company is strategically fortifying its domestic manufacturing capabilities by establishing additional production facilities across the East, West, and South regions, reinforcing its national market presence.

Sirca markets its products through a portfolio of owned and licensed brands, including Sirca, Unico, San Marco, and Durante Vivan. Operations are managed across 4 plants and 19 offices in India, serving both domestic and international markets across 13 states and one international country.

Operational Reach and Customer Segmentation​

The company's business is divided between import and trading (23.42% of turnover) and manufacturing (76.58%). Sirca serves two primary customer segments: retail and Original Equipment Manufacturers (OEMs).

The substantial retail segment, which accounts for approximately 70% of total revenue, is supported by an extensive network of over 4000 dealers and more than 20 branches and depots. Meanwhile, the OEM segment, comprising around 900 clients, contributes nearly 30% of the company’s total revenue.

Workforce Metrics and Human Capital Development​

As of March 31, 2026, Sirca reported a workforce of 603 employees and 209 workers. Among these, there are 543 permanent employees (including 500 male and 43 female) and 181 permanent workers. The company maintains various policies to support employee well-being and ensure fairness in the workplace.

Key aspects of human capital management include:

• Safety Training: Sirca reports that all permanent employees (totaling 543) and their respective workers (totaling 181) received training on Health & Safety Measures for the financial year.
• Risk Mitigation: The company implements robust processes to identify work-related hazards, utilizing Chemical Risk Assessment for chemical handling and Fire Risk Assessment for fire-related risks at all operating locations.

The company also places importance on supplier responsibility, noting that a Code of Conduct is maintained for business partners, requiring them to comply with local and national laws regarding Occupational Health and Safety.

Focus on Environmental Stewardship and Resource Management​

Sirca Paints has made significant strides in environmental stewardship by setting targets to minimize its carbon footprint and resource consumption. Achievements include notable progress in water replenishment, strengthening the company’s commitment toward becoming "water positive."

The company maintains operational integrity through rigorous resource management:

• Water Conservation: All manufacturing plants operate as Zero Liquid Discharge facilities. The company undertakes initiatives to optimize consumption and minimize wastewater generation by reusing and recycling such water, which is then reintroduced into the production process. For FY 25-26, total water consumption stood at 1750 kilolitres.
• Waste Management: Sirca employs a Reduce, Reuse, and Recycle strategy for waste management. Of the reported waste streams, 3.5 metric tonnes of Mixed Paint were generated in FY 25-26. The company has dedicated processes to prevent pollution and minimize resource consumption across its operations.
• Product Safety: The company ensures that all products meet internationally accepted green product standards, driven by research and technology at its partner Research & Technology Centre in Italy.

Corporate Governance and Stakeholder Engagement​

The commitment of Sirca Paints extends to robust governance frameworks. The Board is responsible for the implementation and oversight of business responsibility policies, which are directed by the Stakeholders Relationship Committee (SRC). Mr. Sanjay Agarwal, Chairman & Managing Director, serves as the director responsible for the Business Responsibility Report.

In terms of supply chain practices, there has been a notable shift in purchasing patterns: purchases from trading houses grew to 83% in FY 25-26, up from 30% in FY 23-24. Furthermore, sales to dealers/distributors stood at 79.07%, supported by over 2500 dealers nationwide.

Sirca also maintains a comprehensive framework for cybersecurity and data privacy management, ensuring that consumer and employee personal data is protected in alignment with global standards.

SIRCA Stock Price Movement​

Today, Sirca Paints India Limited shares edged higher to close at ₹392.90, gaining ₹1.25 or 0.32%. The stock traded within the session range of ₹388.5 and ₹393.9, with 198,556 shares changing hands in the market.