By: ICN Bureau
Last updated : December 28, 2021 3:45 pm
Company's CMD Hemant Jalan has contributed Rs. 18 crore to support the School of Medical Research and Technology (SMRT) - IIT Kanpur
Hemant Jalan, CMD, Indigo Paints has contributed Rs. 18 crore to support the School of Medical Research and Technology (SMRT) - IIT Kanpur.
The company is fifth largest decorative paints brand in India and has posted a revenue of Rs. 723.32 crore and an EBITDA of Rs. 122.52 crore for FY21.
Started in the year 2000, Indigo Paints had a modest beginning. It started out with the manufacture of lower-end cement paints, and gradually expanded its range to cover most segments of water-based paints like exterior emulsions, interior emulsions, distempers, primers, etc. From an early age, the company has spread its footprints across the country, with the rapid expansion of its reach across India. The company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country.
Over time, the company found its niche in the paint industry through innovation. It kept churning out bright new ideas for painting solutions, with alarming regularity. Gradually, the industry began looking upon the company as a futuristic thinker and a storehouse of new product development.