BL Kolkata Bureau
Paints major Berger Paints is planning to invest around ₹2,000 crore in the next three years as the company is gearing up for both greenfield and brownfield expansions amid intense competition in the industry.
The company, which is the country’s second largest paints maker, after Asian Paints in terms of market share, is looking to commence operations at its Odisha plant by 2027. Moreover, construction of the brownfield expansion of its Andhra Pradesh plant has already started and it is likely to be operational this year.
Backed by capacity expansions, the company is eyeing to double its revenue to ₹20,000 crore by 2030. “The vision for the company is to grow sustainably, expand our network, improve our market share and continue to innovate,” Berger Paints Chairman Rishma Kaur said on the occasion of inauguration of the company’s new headquarters in Kolkata on Monday.
Inorganic opportunities
The company presently has a market share of around 22 per cent. It is also looking for inorganic opportunities to grow.
“The Odisha plant will be the largest plant for us with an investment of ₹1,200 crore. It is expected to start operations by 2027. At Hindupur (in Andhra Pradesh), we already have a water-based paints plant. We are going for a brownfield expansion of solvent-based paints there at an investment of around ₹250 crore,” said MD & CEO Abhijit Roy.
“The plant at Panagarh in West Bengal is expected to become operational in 2026. We are investing around ₹600 crore in this plant,” Roy added.
