+
 Infra.Market to acquire 24% stake in Shalimar Paints
Paint

Infra.Market to acquire 24% stake in Shalimar Paints

Infra.Market, a leading B2B online infra procurement platform in the country is all set to buy a 24% stake in Shalimar Paints Limited (SPL). The firm has also proposed to invest Rs 270 crore in Shalimar Paints via a combination of equity and debentures.

Established in 1902, Shalimar Paints has been in the business of industrial coatings, decorative paints and allied product types.

Infra.Market’s decision will not only pit the construction solutions firm against paint biggies like Berger Paints, Asian Paints, JSW Paints, Kansai Nerolac and Indigo Paints, but it will additionally allow the unicorn to deepen its play in making a horizontal construction material-managed marketplace. In September 2021, The Tiger Global-supported firm bought 100% in RDC Concrete India Private Limited, the biggest non-cement ready mix concrete firm in India worth approximately Rs 730 crore and went on to purchase Hyderabad-based Equiphunt in a $10 million contract.

For the legacy paints brand, the association might support it getting back in the game. In FY21, the firm clocked an operating income of Rs 325.56 crore and a loss of Rs 49.35 crore. The corresponding numbers for the prior fiscal year reached Rs 343.85 crore and Rs 37.73 crore, respectively.

Begun in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market is worth $2.5 billion and is the biggest B2B online infra acquisition platform in India. The firm has been increasing at a brisk pace, taking its income from Rs 350 crore in FY20 to Rs 1,242 crore in FY21. Private labels make up about 60% of the income of the profitable unicorn, which has its aggregates, branded concrete, construction chemicals, walling solutions, bath fittings, and sanitary tiles brand. The firm is now clocking a revenue run rate of Rs 6,000 crore for the coming fiscal.

Image Source

Also read: Infra.Market in talks to acquire electrical equipment company Halonix

Also read: Infra.Market acquires RDC Concrete India

Infra.Market, a leading B2B online infra procurement platform in the country is all set to buy a 24% stake in Shalimar Paints Limited (SPL). The firm has also proposed to invest Rs 270 crore in Shalimar Paints via a combination of equity and debentures. Established in 1902, Shalimar Paints has been in the business of industrial coatings, decorative paints and allied product types. Infra.Market’s decision will not only pit the construction solutions firm against paint biggies like Berger Paints, Asian Paints, JSW Paints, Kansai Nerolac and Indigo Paints, but it will additionally allow the unicorn to deepen its play in making a horizontal construction material-managed marketplace. In September 2021, The Tiger Global-supported firm bought 100% in RDC Concrete India Private Limited, the biggest non-cement ready mix concrete firm in India worth approximately Rs 730 crore and went on to purchase Hyderabad-based Equiphunt in a $10 million contract. For the legacy paints brand, the association might support it getting back in the game. In FY21, the firm clocked an operating income of Rs 325.56 crore and a loss of Rs 49.35 crore. The corresponding numbers for the prior fiscal year reached Rs 343.85 crore and Rs 37.73 crore, respectively. Begun in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market is worth $2.5 billion and is the biggest B2B online infra acquisition platform in India. The firm has been increasing at a brisk pace, taking its income from Rs 350 crore in FY20 to Rs 1,242 crore in FY21. Private labels make up about 60% of the income of the profitable unicorn, which has its aggregates, branded concrete, construction chemicals, walling solutions, bath fittings, and sanitary tiles brand. The firm is now clocking a revenue run rate of Rs 6,000 crore for the coming fiscal. Image Source Also read: Infra.Market in talks to acquire electrical equipment company Halonix Also read: Infra.Market acquires RDC Concrete India

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?