Pune, Maharshtra
www.indigopaints.com
PRIVATE COMPANY; Year established: 2000
REVENUE: $129 million
MARKETS SERVED
Markets Served: Architectural coatings, Waterproofing coatings
KEY EXECUTIVES:
Hemant Jalan, CEO
Founded in the year 2000, Indigo Paints is the fifth largest paint producing company (based on market capitalization) company in India. With its head office in Pune, Maharashtra, Indigo commenced its operations as a small producer of economical cement paints. However, over time, it underwent a transformation, expanding its portfolio to encompass a diverse assortment of decorative paint products.
Indigo operates five manufacturing facilities strategically located in Jodhpur (state of Rajasthan), Kochi (state of Kerala), and Pudukkottai (state of Tamil Nadu). Jodhpur and Pudukkottai facilities operate two production units each. Indigo Paints is primarily in decorative segment.
Indigo has recently completed the acquisition of a majority stake of 51% in Apple Chemie India Pvt Ltd. Concentrated mainly in the state of Maharashtra, Apple Chemie is a rapidly expanding company operating in the field of construction chemicals and waterproofing.
