Indigo Paints Limited

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Materials & Chemicals · NSE / BSE

Indigo Paints is one of the fastest-growing paint companies in India and ranks as the 5th largest in the decorative paint industry by revenue. The company manufactures a wide range of decorative paints including enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints, and was the first to introduce differentiated products like Metallic Emulsions, Bright Ceiling Coat Emulsions, Tile Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Floor Coat Emulsions, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel, with sales from these products growing from 26.68% in 2018 to 28.62% in fiscal 2020. Indigo Paints has a strong dealer network across Tier 1, Tier 2, and metro cities, with three manufacturing facilities in Jodhpur, Kochi, and Pudukkottai, and plans to expand the Pudukkottai facility to produce water-based paints.