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Techno Paints to raise Rs 500 cr through IPO in  FY27, appoints Sachin Tendulkar...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo HYDERABAD, Jan 10:  Techno Paints and Chemicals is planning to raise Rs 500 crore through an IPO in the next financial year, company sources said on Saturday. Sachin Tendulkar has been appointed as the brand ambassador of the paint manufacturer for three years, a move expected to help the company expand across the country. With the addition of the ‘Master Blaster’, the paint maker said in a press release, the brand aims to strengthen its national presence.

Techno Paints to raise Rs 500 cr through IPO in  FY27, appoints Sachin Tendulkar...

Credit: Dailyexcelsior

Key Highlights

  • “We are honoured to collaborate with one of the world’s most iconic cricketers and a Bharat Ratna, Sachin Tendulkar.
  • We are looking forward to achieving bigger and greater things this year with expansion and the IPO, and no one could have been a better ambassador or growth partner for us,” said Akuri Srinivas Reddy, Chairman of Techno Paints and Chemicals.
  • Earlier in 2023, the company had announced the appointment of film actor Mahesh Babu as its brand ambassador.
  • He served in that role for a period of two years.
  • The company earned revenue of Rs 210 crore in 2024-25 and is expecting Rs 450 crore in the current financial year, Reddy said, adding that it is targeting revenue of Rs 2,000 crore by 2029-30.
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Sources

  1. Techno Paints to raise Rs 500 cr through IPO in  FY27, appoints Sachin Tendulkar...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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