Indigo Paints Limited

India's decorative paint market—dominated by the likes of Asian Paints, Berger Paints and Kansai Nerolac—stands at 's nearly ₹40,300 crore. Indigo Paints, which has just gone public, is the fifth largest player in this business, with a market share of 2%. The company started operations in 2000 and caters to categories such as interior and exterior emulsions, wood coatings, primers and ceiling and floor coats. As of 30 September 2020, the company's distribution network spans across 27 states and seven union territories. It owns three manufacturing facilities located in Pudukkottai (Tamil Nadu), Jodhpur (Rajasthan), and Kochi (Kerala). Aggregate estimated installed production capacity from these three plants comes to 101,903 kilo litres per annum for liquid paints and 93,118 metric tonnes per annum for putties and powder paints.