About Indigo Paints Limited

Indigo Paints Limited is an Indian decorative paints company incorporated on March 28, 2000, headquartered at Indigo Tower, Street-5, Pallod Farm-2, Baner Road, Pune, Maharashtra, 411045, with shares listed on BSE and NSE as of FY 2024–25. The Company manufactures and supplies paints, varnishes, enamels and lacquers, operating 5 plants and 54 offices across India, with national reach across 36 states and union territories, and negligible exports (0.23% of turnover). Its product portfolio spans decorative paints and wood finishes sold through a nationwide dealer–distributor network, serving retail consumers and professional applicators. As of FY 2024–25, Indigo Paints had one subsidiary, Apple Chemie India Private Limited, with 51.0% ownership; a corporate guarantee of Rs 18.00 crore to the subsidiary continued from FY 2023–24 into FY 2024–25. The Company highlights “Transforming Indian Homes for 25 years” and has expanded capacity and distribution alongside ESG initiatives such as rainwater harvesting at all factories, solar capacity at Pune (20 kW) and Kochi (330 kW), and Extended Producer Responsibility with over 4,000 MT plastic waste recycled cumulatively.

Indigo Paints Business Segment

• Core activity: Manufacturing and sale of decorative paints and allied products; turnover is 100% from paints, varnishes, enamels or lacquers (NIC 202).

• Geographic mix:
  • India — Rs 1,277.19 crore (99.8%)

  • International — Rs 2.94 crore (0.2%)

  • USA within international — Not disclosed
    Notes: Domestic vs. international computed from turnover Rs 1,27,719.20 lakh; exports 0.23% of total turnover; figures rounded to one decimal place for percentages.

Indigo Paints Key Management

• Hemant Kamala Jalan — Chairperson and Managing Director.

• Narayanankutty Kottiedath Venugopal — Executive Director.

• Parag Hemant Jalan — Non-Executive Director (appointed May 22, 2024).

• Ravi Nigam — Independent Director.

• Sunil Badriprasad Goyal — Independent Director.

• Praveen Kumar Ramniranjan Tripathi — Independent Director.

• Ashwini Deshpande — Independent Director.

• Abhay Kumar Pandey — Independent Director (appointed November 7, 2024).

• Chetan Bhalchandra Humane — Chief Financial Officer.

Latest Updates on Indigo Paints

• Board changes: Anita Hemant Jalan resigned as Executive Director effective May 23, 2024; Parag Hemant Jalan appointed as Non-Executive Director effective May 22, 2024; Nominee Director Sakshi Vijay Chopra resigned effective November 7, 2024.

• Reappointments and terms: Independent Directors Sunil B. Goyal and Praveen K. R. Tripathi reappointed for a second term from June 1, 2025 to May 31, 2030; Ravi Nigam reappointed for a second term from March 29, 2024 to March 28, 2029; proposal to appoint Narayanankutty K. K. Venugopal as Executive Director for June 1, 2025 to May 31, 2030 placed before AGM.

• Governance certifications: Independent auditors reported no audit qualifications; Corporate Governance compliance certificates issued for FY 2024–25; MD–CFO compliance certificate dated May 24, 2025.

• Operational initiatives: Rainwater harvesting across factories; groundwater recharge pond at one site; solar generation commissioned at Pune (20 kW) and Kochi (330 kW); continued EPR with third-party partners and internal reuse/recycling of processed wastes.

• Value chain/training: Skill-up programmes for painting contractors aligned to NGRBC Principles 3 and 8, with certifications issued, and wide dealer base (21,728 dealers/distributors in FY 2024–25).