+
Kamdhenu eyes Rs 200 cr investment to achieve Rs 1k cr sales by FY26
Paint

Kamdhenu eyes Rs 200 cr investment to achieve Rs 1k cr sales by FY26

Chief Financial Officer (CFO) of Kamdhenu Group, Harish Kumar Agarwal, said that the company seeks strategic investors for a Rs 200 crore investment planned in the company’s paint business to achieve a Rs 1,000 crore sales target by FY26.

He added that a strategic investor would help scale business and focus on technology, unlike the private equity investment, focusing on financial investment.

The exact modalities of this fundraising round, whether through a private equity investor, a strategic investor or a combination of on-tap funding and bank borrowing, will be decided after the company gets approval from the National Company Law Tribunal (NCLT).

The investments will be used in setting up a new plant and in branding. Its plant in Rajasthan can scale the business to Rs 450 crore, but more than this, a new plant would be required.

The company plans to set up this plant in Central India.The CFO said that the demerger would enable the company to cater to increasing demand in a sector growing at 18-20% annually.

Its paint business was about Rs 200 crore in FY21, and expects to close FY22 at about Rs 250 crore and further to about Rs 350 crore in FY23.

The paint industry is witnessing around 18-20% annual growth, but the company expects to grow at about 30-40% in the coming years. Kumar said that the successful demerger of the paint business would be the top focus area in FY23.

The paint business witnesses the impact of inflation. Kumar deals with these inflationary pressures by passing on the costs to consumers as to when passed on by the market leader. Kamdhenu Group had last increased the prices of paint products in November-December by about 10-12%.

Image Source

Also read: Kamdhenu Paints witnesses 206% growth in net profit in FY22

Chief Financial Officer (CFO) of Kamdhenu Group, Harish Kumar Agarwal, said that the company seeks strategic investors for a Rs 200 crore investment planned in the company’s paint business to achieve a Rs 1,000 crore sales target by FY26. He added that a strategic investor would help scale business and focus on technology, unlike the private equity investment, focusing on financial investment. The exact modalities of this fundraising round, whether through a private equity investor, a strategic investor or a combination of on-tap funding and bank borrowing, will be decided after the company gets approval from the National Company Law Tribunal (NCLT). The investments will be used in setting up a new plant and in branding. Its plant in Rajasthan can scale the business to Rs 450 crore, but more than this, a new plant would be required. The company plans to set up this plant in Central India.The CFO said that the demerger would enable the company to cater to increasing demand in a sector growing at 18-20% annually. Its paint business was about Rs 200 crore in FY21, and expects to close FY22 at about Rs 250 crore and further to about Rs 350 crore in FY23. The paint industry is witnessing around 18-20% annual growth, but the company expects to grow at about 30-40% in the coming years. Kumar said that the successful demerger of the paint business would be the top focus area in FY23. The paint business witnesses the impact of inflation. Kumar deals with these inflationary pressures by passing on the costs to consumers as to when passed on by the market leader. Kamdhenu Group had last increased the prices of paint products in November-December by about 10-12%. Image Source Also read: Kamdhenu Paints witnesses 206% growth in net profit in FY22

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?