Support and Resistance Levels
Past performance
About Indigo Paints Ltd Indigo Paints Limited, established in 2000 and headquartered in Pune, Maharashtra, is a leading Indian manufacturer and seller of decorative paints. Initially a producer of economical cement paints, it has expanded its portfolio to include a comprehensive range of decorative paints such as Emulsions, Enamels, Wood Coatings, Distemper, Primers, Putties, and Cement Paints. The company operates three manufacturing facilities located in Jodhpur, Kochi, and Pudukkottai, and has a robust dealership network of 16,496 across 28 states.
Known for its innovation, Indigo Paints was the first in India to introduce products like Metallic Emulsions and Tile Coat Emulsions, securing an early mover advantage. The company significantly expanded its dealer network and tinting machine installations, enhancing its market presence. Following a successful IPO in 2021 that raised Rs. 1,170 Crore, Indigo Paints invested in manufacturing expansion and equipment upgrades. In 2023, it acquired a majority stake in Apple Chemie India Private Limited, further diversifying its product offerings.