Kamdhenu Paints aims four-fold revenue growth, targets Rs 10 bn by 2028
21 Jun 2023
2 Min Read
CW Team
Kamdhenu Paints aims to achieve a significant growth in its revenues, targeting a four-fold increase to reach Rs 10 billion over the next three years, according to Satish Kumar Agarwal, the company's CMD. During the financial year that ended on March 31, 2023, Kamdhenu Paints generated approximately Rs 2.51 billion in revenue, as shared with PTI.
In order to strengthen its presence in the paints and steel sectors within India, the Kamdhenu Group recently implemented a separation of its businesses.
Agarwal stated, "We have set our sights on achieving a four-fold growth in revenue, reaching Rs 10 billion by the end of FY28. In the last financial year of 2023, the company's revenue amounted to Rs 2.51 billion."
With the growing demand for their products, Kamdhenu Paints plans to expand its market share in the southern and western regions of the country. This expansion will involve the introduction of new and innovative products into their portfolio.
Agarwal further explained that the company intends to increase its presence in the northern and eastern regions by expanding its dealer and distribution network. Currently operating with 4,000 dealers, Kamdhenu Paints aims to expand this network to over 8,000.
Kamdhenu Paints operates its manufacturing plant in Chopanki, Rajasthan, where it produces a range of interior and exterior emulsions, stainers, colourants, designer paints, construction chemicals, waterproofing chemicals, and other water-based specialty products. Additionally, the company outsources the production of medium and low-range products such as distempers, enamel, and putty to entities located in Rajasthan, Uttar Pradesh, Haryana, and Punjab.
Kamdhenu Paints aims to achieve a significant growth in its revenues, targeting a four-fold increase to reach Rs 10 billion over the next three years, according to Satish Kumar Agarwal, the company's CMD. During the financial year that ended on March 31, 2023, Kamdhenu Paints generated approximately Rs 2.51 billion in revenue, as shared with PTI.In order to strengthen its presence in the paints and steel sectors within India, the Kamdhenu Group recently implemented a separation of its businesses.Agarwal stated, We have set our sights on achieving a four-fold growth in revenue, reaching Rs 10 billion by the end of FY28. In the last financial year of 2023, the company's revenue amounted to Rs 2.51 billion.With the growing demand for their products, Kamdhenu Paints plans to expand its market share in the southern and western regions of the country. This expansion will involve the introduction of new and innovative products into their portfolio.Agarwal further explained that the company intends to increase its presence in the northern and eastern regions by expanding its dealer and distribution network. Currently operating with 4,000 dealers, Kamdhenu Paints aims to expand this network to over 8,000.Kamdhenu Paints operates its manufacturing plant in Chopanki, Rajasthan, where it produces a range of interior and exterior emulsions, stainers, colourants, designer paints, construction chemicals, waterproofing chemicals, and other water-based specialty products. Additionally, the company outsources the production of medium and low-range products such as distempers, enamel, and putty to entities located in Rajasthan, Uttar Pradesh, Haryana, and Punjab.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
