JSW Group steps into paints biz, target Rs 2,000 crore revenue

With the launch of JSW Paints, JSW Group has stepped into the paints segment, thus diversifying into the consumer-facing business

Parth Jindal, Managing Director, JSW Paints, said, “We have made investments of over Rs 600 crore in our paint business and we aim to touch Rs 2,000 crore at full capacity by FY22.”

With its entry into paint sector, the group aims to make a comprehensive offering for homes through steel, cement, furniture and paints.

JSW plans to first launch its paints business in the south and west by September 2019 and then expand pan India by 2022.

Jindal added that the company aims to be among top three brands in India by 2025, with a market share of 10 per cent.

Image Credit : static-news.moneycontrol.com

Research Desk

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