Vipul Organics Limited showcases at PAINTINDIA 2024: A leap towards color innovation
Vipul Organics Limited, a leading name in the Specialty Chemicals sector, listed on the Bombay Stock Exchange (BSE) under VIPULORG / 530627, announced its participation in PAINTINDIA from February 22-24 at the Bombay Exhibition Centre in Mumbai.
This marks a significant moment for the company to engage with customers and showcase its comprehensive capabilities in the pigments and dyes segment, crucial for the paint industry.
Vipul Organics boasts an extensive range of Pigment Powder and Pigment Dispersions under the brand names SunTone and SunCoat, respectively. These products cater to a wide array of applications including Decorative Paints, Architectural Coatings, Industrial Paints, and Automobile Coatings. The event will also serve as a platform for Vipul Organics to introduce its new offering — Universal stainers for the Paints industry, highlighting the company’s commitment to innovation and quality.
Vipul Organics Targets Major Growth in the Paint Sector, Announces Capacity Expansion
The Indian Paint Industry, currently valued at Rs. 70,000 Crore, has been experiencing double-digit growth for the last two decades, positioning it as the fastest-growing major paint economy globally. With over 3000 paint manufacturers in India and a strong presence of global players, the industry is projected to reach Rs. 1 Lakh crore by 2028/9. Pigments, constituting about 30% by volume in paints, play a pivotal role in the industry, with their concentration varying significantly across different applications.
Mihir V Shah, Executive Director of Vipul Organics Limited, expressed enthusiasm about participating in Paint India 2024 and the opportunity it presents for engaging with customers and offering customized solutions. The company’s state-of-the-art manufacturing facilities for Pigments in India ensure consistent quality and competitive pricing for their customers.
With major capacity expansion plans underway, Vipul Organics aims to become one of the largest integrated Pigment manufacturers globally by the financial year 2025-26. This ambition is fueled by the booming paint industry and significant capital expenditures by leading industrial groups in the sector. Shah is optimistic about becoming the partner of choice for the Paints industry and targets a 25% growth in revenues from this segment in the coming years.