Akuri Srinivas Reddy, CMD of Techno Paints and Chemicals with veteran Indian cricketer Sachin Tendulkar. , Photo Credit: Special Arrangement
Techno Paints & Chemicals plans to file a draft red herring prospectus (DRHP) for a ₹500 crore initial public offering (IPO) in 2026-27.
The process is expected to be completed in the same financial year, CMD Akuri Srinivas Reddy said on Saturday (January 10, 2026) The company has roped in cricket legend Sachin Tendulkar as brand ambassador for three years.
Mr Reddy said the company’s revenue was ₹210 crore in 2024-25 and is expected to reach ₹450 crore in the current financial year. He said Techno Paints has set a revenue target of ₹2,000 crore by 2029-30 on the back of immense growth potential.
The company operates in eight states and plans to expand to Himachal Pradesh, Tamil Nadu, Rajasthan, West Bengal and Uttar Pradesh by the end of the year, apart from entering the Middle East by 2026-27.
“We are looking forward to achieving big and great things with expansion and IPO this year and there can be no better ambassador or growth partner for us than Sachin,” he said.
Techno Paints had announced the appointment of film actor Mahesh Babu as brand ambassador in 2023. He was the brand ambassador for two years.
The company, which manufactures decorative, industrial and specialty paints, has a research and development center as well as a manufacturing plant in Hyderabad, Techno Paints said in a release.
published – January 10, 2026 at 06:39 pm IST
