In 2000, Hemant Jalan's Indigo Paints had a modest start. The base of the company was a small chemical plant in Patna and an agricultural shed in Jodhpur. The company posted sales of Rs 625 crore in FY20, and in FY21, it went public.
As the maker of Indigo Paints, chemical engineer Hemant Jalan's early days were very different from his life before entrepreneurship. Hemant used to take a private jet to business meetings when he worked with Vedanta's Sterlite and led its copper smelter unit in Tamil Nadu. He travelled between cities by two-tier AC train after beginning his own company.
Hemant's Indigo Paints business had a humble beginning, starting in 2000 with Rs 1 lakh. In his words, the company was founded with "practically no investment in capital." In its early years, a small chemical unit in Patna and an industrial shed in Jodhpur acted as the base for the company.
Hemant has led Indigo to become one of India's leading paint brands, leveraging a customer-driven emphasis on creativity and an incentive-based approach to sales. The Pune-based company posted sales in FY20 of Rs 625 crore with a net profit of Rs 48 crore. The company currently has three production facilities operating in Rajasthan, Kerala, and Tamil Nadu. Indigo went public recently,
We began with the development of lower-end cement paints and eventually extended our range to include most water-based paint segments, such as exterior emulsions, interior emulsions, distempers, primers, etc. We started to extend our presence across the country and extended our scope rapidly,' Hemant says.
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