JK Cement set to enter paints business

09 Mar 2022 CW Team

On Saturday, JK Cement Limited announced that they will be entering the paints business.Therefore, the paint sector in India will get more competitive.

In an exchange filing, JK Cement told the media that the board of directors of the company in the board meeting held has approved entering into the paint business via a wholly-owned subsidiary, formation and investment in the wholly-owned subsidiary.

The company said that the wholly owned subsidiary shall undertake manufacturing, sales, trade, imports, exports, and other related dealings in all types of paints as well as allied products and services.

JK Cement said their board has given approval for an investment of up to Rs 600 crore, for the first five years of the wholly-owned subsidiary.

The wholly-owned subsidiary formation will enable that company to solely focus on its paints business.

JK Cement is among the leading cement and building products manufacturers in India. Their portfolio spreads to white cement, gray cement along with other value added products.

With this new subsidiary entry into the paints sector, paint manufacturing landscape of India is ready to transform into another highly competitive zone for the corporate biggies of the country.

In the last two years, companies like Grasim Industries, Aditya Birla Group company, and JSW Group have also announced their entry in this sector, which is currently dominated by Berger Paints, Nerolac, and Asian Paints.

Image Source

Also read: JK Cement consolidated net sales at Rs 2,030.49 cr in Dec 2021

Resources

11 May 2026

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..