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Techno Paints and Chemicals plans to record Draft Red Herring Prospectus (DRHP) for a ₹500 crore archetypal nationalist offering (IPO) successful 2026-27.
The process is expected to beryllium completed successful the aforesaid fiscal year, CMD Akuri Srinivas Reddy said connected Saturday (January 10, 2026), announcing the institution has roped successful cricket fable Sachin Tendulkar arsenic marque ambassador for 3 years.
Mr. Reddy said the company’s gross successful 2024-25 stood astatine ₹210 crore and is expected to interaction ₹450 crore successful the existent fiscal. Techno Paints is targeting ₹2,000 crore gross by 2029-30 connected the backmost of immense maturation potential, helium added.
The institution operates successful 8 States and plans to grow to Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal and Uttar Pradesh by the extremity of the year, too foraying into the Middle East by 2026-27.
“We are looking guardant to achieving bigger and greater things this twelvemonth with enlargement and IPO, and nary 1 could person been a amended ambassador oregon maturation spouse for america than Sachin,” helium said.
Techno Paints had successful 2023 announced assignment of movie histrion Mahesh Babu arsenic the marque ambassador. He was the marque ambassador for 2 years.
The company, which is into decorative, concern and specialty paints, has a probe and improvement centre arsenic good arsenic a manufacturing works successful Hyderabad, Techno Paints said successful a release.
