Techno Paints, a part of city-based Fortune Group, which operates in paints segment, is targeting a turnover of Rs 120 crore during the current financial year. It achieved Rs 90 crore turnover in 2019-20.
“We are confident of achieving the targeted growth this financial year as our brand is evoking good response. We offer products and services of highest quality. Besides, we have our own network. These will help us in achieving the turnover target,” Akuri Srinivas Reddy, Founder, Fortune Group which offers painting services under Techno Paint brand. The company enables customers to choose various colour combinations through its ‘Colour Spectra’ offering.
Speaking to the media on the occasion of 18th anniversary of the company which falls on August 25, he said that his company had operations across eight States. “We have so far completed 650 painting projects under commercial and residential building segments. We are further expanding our services by appointing dealers in Tier 2 and 3 cities in our existing markets and also in other States. Our current order book stands at Rs 300 crore,” he said.
The company, which is also in the manufacturing of paints, has five plants with a cumulative capacity of 80,000 metric tonnes. “We will expand our manufacturing capacity in tune with the market demand. We are aiming at becoming one among top 6 paint companies in India by 2025,” he explained.