Kamdhenu Eyes Rs 1,000-Cr Revenue From Paints In Next 5 Years
<span style="font-weight: 400;">Building materials maker Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects.</span> <span style="font-weight: 400;">The company is also in t
Published -
May 13, 2021 4:25 AM
Building materials maker Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects. The company is also in the process of hiving off its paints business into a separate entity, according to Satish Kumar Agarwal, CMD, Kamdhenu Group. Kamdhenu had garnered a revenue of Rs 226 crore from the paints segment in FY 2019-20. The paint industry in India is witnessing an annual growth of around 18-20 per cent. Kamdhenu Paints has its manufacturing plant at Chopanki in Rajasthan where it manufactures interior and exterior emulsions, stainers, colourants, designer paints, construction chemicals, waterproofing chemicals and other water-based speciality products. It also outsources median and low-range products like distempers, enamel and putty from manufacturing units in Rajasthan, Uttar Pradesh, Haryana and Punjab. Besides paints, the Gurugram-based Kamdhenu Group has a presence in steel making. The company, under the franchisee model, has TMT manufacturing plants in states like Odisha, Gujarat, Karnataka, Telangana, Andhra Pradesh, Bihar, Goa, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, West Bengal, Jharkhand, and Madhya Pradesh, among others.
Tags : ALLIED Housing product revenue Demand Paints Satish Kumar Agarwal Building Materials Kamdhenu