**Techno Paints Plans ₹500 Crore IPO, Appoints Sachin Tendulkar as Brand Ambassador**
Techno Paints and Chemicals is set to raise ₹500 crore through an initial public offering (IPO) in the upcoming financial year, according to company sources. The announcement comes alongside the appointment of cricket legend Sachin Tendulkar as the brand ambassador for a three-year term, a strategic move aimed at enhancing the company’s national footprint.
In a press release, Techno Paints expressed excitement about collaborating with Tendulkar, who is not only a celebrated cricketer but also a recipient of the Bharat Ratna. Akuri Srinivas Reddy, Chairman of Techno Paints, stated, “We are honoured to collaborate with one of the world’s most iconic cricketers. We look forward to achieving greater milestones this year with our expansion plans and the IPO, and no one could be a better ambassador or growth partner for us.”
Earlier in 2023, the company had appointed film actor Mahesh Babu as its brand ambassador for a two-year period. Techno Paints reported a revenue of ₹210 crore for the fiscal year 2024-25 and anticipates reaching ₹450 crore in the current financial year. Reddy also mentioned an ambitious target of ₹2,000 crore in revenue by 2029-30.
The company specializes in decorative, industrial, and specialty paints, offering over 3,000 shades of decorative options. Currently, Techno Paints operates in several states, including Telangana, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Delhi, Odisha, and Chandigarh. Plans for expansion include entering Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal, and Uttar Pradesh by the end of this year, with aspirations to reach the Middle East market by 2026-27.
In summary, Techno Paints is poised for significant growth with its upcoming IPO and strategic partnerships, aiming to solidify its presence in the competitive paint industry.
**FAQ**
**What is Techno Paints’ revenue target for 2029-30?**
Techno Paints aims to achieve a revenue of ₹2,000 crore by the fiscal year 2029-30.
