Hyderabad-based paints and chemicals manufacturer Techno Paints and Chemicals has unveiled ambitious plans to go public, aiming to raise Rs 500 crore through an Initial Public Offering (IPO) in the financial year 2026-27. The company's chairman and managing director, Akuri Srinivas Reddy, announced the strategic move, highlighting a roadmap for aggressive growth and market expansion.
IPO Timeline and Financial Ambitions
Techno Paints intends to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in 2026-27, with the goal of completing the entire public offering process within the same fiscal year. This capital-raising initiative is designed to fuel the company's next phase of growth.
The financial trajectory outlined by Reddy is impressive. The firm, which reported revenues of Rs 210 crore in the 2024-25 fiscal, expects to nearly double that figure to Rs 450 crore in the current financial year. The long-term vision is even more striking: Techno Paints is targeting a turnover of Rs 2000 crore by the 2029-30 financial year.
Strategic National and International Expansion
Currently operational in eight Indian states and union territories, Techno Paints is set for a significant geographical push. Its present footprint includes Telangana, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Delhi, Odisha, and Chandigarh.
The company plans to expand into five new states by the end of this year: Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal, and Uttar Pradesh. This nationwide push is a key part of its strategy to capture a larger share of the domestic market.
Looking beyond India's borders, Reddy confirmed plans to enter the lucrative Middle East market, also slated for the 2026-27 period. This international foray marks a major step in the company's evolution from a regional player to a global contender.
Market Context and Brand Power
Reddy pointed to the substantial growth potential within the Indian paint industry, valued at approximately Rs 90,000 crore and growing at an annual rate of 5-9%. He highlighted a compelling statistic: while global per capita paint consumption is about 15 litres per year, in India it stands at just 4.5 litres, indicating a vast opportunity for expansion.
Adding star power to its growth narrative, Techno Paints has secured cricket legend Sachin Tendulkar as its brand ambassador for a three-year period. This association is expected to significantly boost brand recognition and trust as the company enters new markets.
The company, which manufactures a range of decorative, industrial, and specialty paints, operates from its manufacturing plant in Pashamylaram on the outskirts of Hyderabad and maintains a dedicated research and development centre in the city.
