IPO Plans and Growth Roadmap
Techno Paints and Chemicals is planning to raise Rs 500 crore through an initial public offering in the next financial year, as the Hyderabad based paint manufacturer steps up its expansion strategy. The proposed IPO is expected to support capacity growth, market expansion, and brand building initiatives as the company prepares for a larger national and international footprint.Sachin Tendulkar Appointed as Brand Ambassador
The company has appointed Sachin Tendulkar as its brand ambassador for a period of three years. With this association, Techno Paints aims to strengthen its national presence and improve brand recall across existing and new markets.Akuri Srinivas Reddy, Chairman of Techno Paints and Chemicals, said the collaboration aligns with the company’s ambitious expansion and public listing plans, adding that the partnership is expected to support the next phase of growth.
Previous Brand Association
Earlier in 2023, the company had appointed Mahesh Babu as its brand ambassador. He served in the role for two years, during which the brand focused on strengthening its presence in southern and western markets.Revenue Performance and Targets
Techno Paints reported revenue of Rs 210 crore in FY25 and expects revenue to rise to around Rs 450 crore in the current financial year. The company has set a long term target of achieving Rs 2,000 crore in revenue by FY30, driven by geographic expansion and product portfolio growth.Product Portfolio and Market Presence
Techno Paints manufactures decorative, industrial, and speciality paints, offering more than 3,000 shades in its decorative paints segment. The company currently operates across Telangana, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Delhi, Odisha, and Chandigarh.Expansion Plans in India and Overseas
The company plans to expand operations to Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal, and Uttar Pradesh by the end of this year. It is also targeting entry into Middle Eastern markets in FY27 as part of its international growth strategy.With brand reinforcements, rising revenues, and a planned IPO, Techno Paints and Chemicals is positioning itself for accelerated growth in the competitive paints and coatings market.
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