Kamdhenu Group to invest Rs 200 cr to expand paint business

23 Aug 2021 CW Team

The company's Chairman and Managing Director (CMD), Satish Kumar Agarwal, said that the Kamdhenu Group, the Buildings material maker, plans to invest Rs 200 crore in expanding its paint business.

He told the media that the group's objective is to collect a revenue of Rs 1,000 crore from the paints segment in the next five years.

He said that the action would be taken after the demerger of the paints division into a separate entity, and the demerger is predicted to be completed by November-December this year.

Agarwal told the media that they are waiting for the approvals. He thinks the paints business demerger will be completed by November-December and that they plan to invest up to Rs 200 crore to expand it further after that.

The manufacturing plant of Kamdhenu paints is at Chopanki in Rajasthan. It makes stainers, designer paints, waterproofing chemicals, interior and exterior emulsions, colourants, construction chemicals and other water-based speciality products.

Additionally, it outsources medium and low range products such as enamel, distempers and putty from manufacturing units in Uttar Pradesh, Punjab, Rajasthan and Haryana.

The sales of the company were in the range of Rs 200 crore to Rs 225 crore during the last financial year.

Apart from paints, the Kamdhenu Group based in Gurugram also has a presence in making steel.

Satish Kumar Agarwal told the media that the product received a good response from the market, speaking further on Kamdhenu NXT, a TMT brand launched in 2018.

The company has several manufacturing plants across the country under the franchisee model.

Image Source

Also read: JSW Paints to set up a new plant, eyes pan-India footprint

Also read: Kamdhenu plans Rs 1,000 cr revenue from paint segment in next 5 years

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..