Vipul Organics attends PaintIndia show

For the paints segment, Vipul Organics already has a huge bouquet of pigment powder and pigment dispersions, under the brand name SunTone and SunCoat respectively. 

SunTone is available in a wide spectrum of colours for decorative paints, architectural coatings, industrial paints and automobile coatings. In addition, Vipul Organics showcased its new offering – universal stainers for the paints industry.

At Rs 70,000-crore currently, the Indian Paint Industry has been growing at double digits for the last two decades. It is also the fastest-growing major paint economy in the world. Today, there are 3000+ paint manufacturers in India and almost all global players also have a sizeable presence here. The Industry is expected to grow to Rs 1-lakh crore by 2028/9.

Pigments are one of the four main ingredients in the composition of paints and constitute around 30% of the volume in paints. The pigment volume concentration in paints varies from 20% to 85% across applications and is the most important aspect of paints.

“We are very happy to be at PaintIndia 2024 and part of this exciting platform. Paint industry contributes 30% to our topline and we are constantly engaging with our customers to provide them with customized solutions for colorants. Vipul Organics currently has some of the best manufacturing facilities for pigments in India and since we make our own pigment powders, our customers are assured of consistent quality of pigments dispersions at competitive pricing,” Mihir V Shah, executive director, Vipul Organics.

He added, “We are undertaking major capacity expansion and by the FY 2025-26, we will be amongst the largest integrated Pigment manufacturers in the world. Our expectations are based on the booming Paint industry and the huge capex by some of the leading Industrial groups in the sector. We are hopeful of becoming the partner of choice for the Paints industry and are targeting 25% growth in revenues from this segment in the next few years.”
Rah