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Techno Paints Eyes Rs 500 Crore IPO, Taps Sachin Tendulkar

10 Jan

Summary

Techno Paints plans a Rs 500 crore IPO next financial year.
Sachin Tendulkar appointed brand ambassador for three years.
Company targets Rs 2,000 crore revenue by 2029-30.

Techno Paints and Chemicals is set to launch an Initial Public Offering (IPO) to raise Rs 500 crore during the next financial year. This strategic move aims to fuel the company's ambitious expansion plans across India and potentially into the Middle East.

In a significant endorsement, cricket icon Sachin Tendulkar has been named the brand ambassador for Techno Paints for a term of three years. The company believes this association will be pivotal in strengthening its brand visibility and national reach, complementing its previous celebrity endorsements.

The paint manufacturer, which currently offers over 3,000 decorative paint shades, has a robust revenue projection. After achieving Rs 210 crore in 2024-25, it anticipates Rs 450 crore in the current financial year and aims for a substantial Rs 2,000 crore by 2029-30.

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