Hyderabad, Jan 10 (PTI) Techno Paints and Chemical substances is planning to boost ₹500 crore by means of an IPO within the subsequent monetary 12 months, firm sources stated on Saturday.
Sachin Tendulkar has been appointed because the model ambassador of the paint producer for 3 years, a transfer anticipated to assist the corporate develop throughout the nation.
With the addition of the ‘Grasp Blaster’, the paint maker stated in a press launch, the model goals to strengthen its nationwide presence.
“We’re honoured to collaborate with one of many world’s most iconic cricketers and a Bharat Ratna, Sachin Tendulkar. We’re trying ahead to reaching larger and better issues this 12 months with enlargement and the IPO, and nobody may have been a greater ambassador or progress associate for us,” stated Akuri Srinivas Reddy, Chairman of Techno Paints and Chemical substances.
Earlier in 2023, the corporate had introduced the appointment of movie actor Mahesh Babu as its model ambassador. He served in that position for a interval of two years.
The corporate earned income of ₹210 crore in 2024-25 and is anticipating ₹450 crore within the present monetary 12 months, Reddy stated, including that it’s concentrating on income of ₹2,000 crore by 2029-30.
Techno Paints manufactures ornamental, industrial, and speciality paints, providing over 3,000 shades of ornamental paints. The corporate is at present working in Telangana, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Delhi, Odisha, and Chandigarh.
It plans to develop to Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal, and Uttar Pradesh by the top of this 12 months, and to the Center East in 2026-27, the discharge added.
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