Uncategorized

Enlight Metals Targets 2028 IPO as National Expansion Accelerates

Enlight Metals operates on a technology-enabled 24-hour delivery model using dark stores in Pune and Mumbai

Published

2 days ago

November 10, 2025

admin

Enlight Metals, one of India’s fastest-growing metal aggregation companies, has announced plans to launch an IPO by 2028—a key milestone in its rapid scale-up. The company has achieved Rs 1.50 billion in revenue this year and is projecting Rs 4 billion by FY26 and more than Rs 12 billion by FY27, driven by strong demand from India’s infrastructure and manufacturing sectors.

The company has emerged as a trusted supplier for major infrastructure projects, delivering more than 4,500 tonnes of steel to the Pune Metro and 1,300 tonnes to Udaipur Airport, while partnering with leading EPC players including Tata-Gulermak, Shapoorji Pallonji and J Kumar Infra. Enlight Metals currently works with over 500 OEMs—including Tata, JSW and Eicher—and aims to expand its customer base to more than 1,500 OEMs by FY27.

“Our vision is to build India’s most efficient and transparent metal aggregation platform,” said Vedant Goel, Director, Enlight Metals. “The 2028 IPO marks the next phase of our journey as we scale our footprint, strengthen our technology stack and redefine how metals are sourced and delivered across India. We are committed to sustainable, tech-driven growth that delivers long-term value for our partners and investors.”

Enlight Metals operates on a technology-enabled 24-hour delivery model using dark stores in Pune and Mumbai, supported by integrated ERP and CRM systems, WhatsApp-based order capture and AI-driven demand forecasting. The company plans to open eight additional dark stores and launch its first steel service centre—offering cutting, slitting and shearing—in FY26, significantly expanding its operational and value-added capabilities.

With a strong technology foundation, expanding partnerships and a clear roadmap to scale, Enlight Metals is positioning itself as a key player in modernising India’s metal supply chain and advancing toward a successful public listing by 2028.

Godrej Interio Powers Kerala Metro Projects

In addition, KMRL has declared Interio by Godrej as the lowest bidder for the Architectural Finishing Contract for Kochi Metro Phase 2.

Interio by Godrej, Kerala infrastructure, Kochi Metro, KSITIL, Infopark Kochi, E&MVAC contract, Design-and-build project, Godrej

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.

Speaking on the milestone, Swapneel Nagarkar, Senior Vice President & Business Head, Interio by Godrej, said, “Infrastructure is a key enabler of India’s journey to becoming a $26 trillion economy. At Interio, we are proud to partner with government and public sector enterprises to create spaces that are modern, efficient and human-centric. Our turnkey capabilities across design, engineering and execution demonstrate our ability to deliver large-scale, multi-disciplinary projects with precision and innovation. These partnerships in Kerala reinforce our commitment to shaping India’s infrastructure story through sustainability, inclusivity and forward-thinking design.”

The KMRL contract represents Interio’s first Electrical and Mechanical project, highlighting its expanding capabilities in integrated turnkey execution. The scope includes electrical systems, ventilation and air conditioning (VAC), and fire protection across 10 elevated metro stations, property development (PD) zones, and the viaduct between JLN Stadium (excluding) and Infopark Station.

Interio has also delivered India’s first neurodiverse-friendly workspace for KSITIL at Infopark—covering 50,000 sq ft of interiors and 65,000 sq ft of façade works as part of the Ernakulam South Metro Station PD area. The project integrates sensory-responsive design, adaptive lighting and inclusive layouts aligned with KSITIL’s goals of accessibility, innovation and sustainability. Scope of work included interior fit-outs, architectural finishes, façade engineering and full MEP integration.

In addition, KMRL has declared Interio by Godrej as the lowest bidder for the Architectural Finishing Contract for Kochi Metro Phase 2, covering block work, plumbing and interior finishing across five elevated stations—Palarivattom Junction, Alinchuvadu, Chembumukku, Vazhakkala and Padamughal.

The KSITIL project, located above an active metro station and beside a live railway corridor, was completed with zero safety incidents and has earned high commendation from KSITIL, Infopark, Indian Railways and KMRL for its design quality, precision execution and uncompromising safety standards.

Up Next

BLS E-Services Continues Strong Growth in Q2 FY26

Don't Miss

Beyond Basics: Unique Ideas for Using Distemper Paint Colours in Your Home

Uncategorized

Nippon Paint India Appoints Sharad Malhotra as Managing Director

Malhotra becomes first Indian to lead Nippon Paint’s India operations

Published

1 day ago

November 11, 2025

admin

New Delhi, November 10, 2025 – The NIPSEA Group, a subsidiary of Nippon Paint Holdings, Japan, has announced the appointment of Sharad Malhotra as Managing Director of Nippon Paint India, effective December 1, 2025. He succeeds Jon Tan and will report to Wee Siew Kim, CEO of NIPSEA Group. Malhotra becomes the first Indian to hold this leadership role.

Headquartered in Japan, Nippon Paint is the world’s fourth-largest paint company by revenue and the leading paints and coatings brand in the Asia-Pacific region. The appointment reinforces the company’s long-term commitment to India, a key strategic growth market.

A Proven Leader in Paint Innovation
A 15-year veteran with Nippon Paint, Malhotra has been instrumental in building the company’s automotive refinish, wood coatings, and light industrial coatings business in India. He also serves as a Director on the Board and has recently led the company’s expansion into new product categories, including paint protection films.

Commenting on the appointment, Wee Siew Kim, Co-President of Nippon Paint Holdings and Group CEO, said, “We are delighted to appoint Sharad Malhotra to this pivotal leadership role. His proven track record, strategic vision, and deep understanding of the Indian market make him ideally suited to lead our next phase of growth.”

Vision for India’s Growth Story
On his new role, Sharad Malhotra said, “It is an immense honour to lead Nippon Paint India at this transformative moment. India presents unique opportunities, and I look forward to building on our strengths and expanding possibilities for our customers and partners.”

As Managing Director, Malhotra will oversee the company’s strategic direction and drive sustainable growth across all segments of the Indian paint market. He will also continue to lead Nippon Paint’s global automotive aftermarket business, a division he has successfully developed from inception.

India: A Strategic Growth Market
With India’s expanding infrastructure, skilled workforce, and strong economic growth, Nippon Paint sees the country as central to its Asia-Pacific ambitions. Under Malhotra’s leadership, the company aims to strengthen its market presence while delivering value to stakeholders and advancing sustainable innovation.

Uncategorized

Kamdhenu Reports Highest-Ever Profitability in H1 FY26

Royalty income recorded robust 27 per cent growth to Rs 860 million, supported by a one-time royalty receipt.

Published

1 day ago

November 11, 2025

admin

Kamdhenu, India’s largest manufacturer and seller of branded TMT Bars in the retail segment, announced its unaudited financial results for the quarter and half year ended 30 September 2025. The company delivered its strongest profitability to date, driven by higher royalty income and continued cost optimization.

During Q2 FY26, Kamdhenu reported revenue from operations of Rs 1.91 billion, a marginal increase from Rs 1.90 billion in Q2 FY25, while profit before tax rose 23 per cent to Rs 250.7 million. The PBT margin improved to 13.5 per cent, compared to 11.0 per cent in the same period last year, and profit after tax increased to Rs 180.7 million from Rs 150.9 million. For H1 FY26, revenue grew 3 per cent year-on-year to Rs 3.86 billion, and profit before tax increased 33 per cent to Rs 540.3 million. The company delivered a PBT margin of 14.0 per cent, up 310 basis points from 10.9% in H1 FY25. Profit after tax for the half year stood at Rs 400.1 million, reflecting a growth of 28 per cent over the previous year.

“Kamdhenu’s H1 FY26 results highlight our ability to deliver resilient profitability despite a dynamic steel environment. Revenue grew 3 per cent year-on-year to Rs 3.87 billion, while PBT rose 33 per cent to Rs 540 million. Our PBT margin expanded by 310 basis points to 14.0 per cent in H1 FY26, reflecting strong operating discipline. PAT increased 28 per cent to Rs 400 million.

Royalty income recorded robust 27 per cent growth to Rs 860 million, supported by a one-time royalty receipt. This underscores the strength of our asset-light franchise model and increasing brand penetration, enabling scalable and capital-efficient growth.

Revenue from own facilities stood at Rs 3.01 billion with sales volumes of ~61,400 MT, while franchise volumes increased 8 per cent YoY to 18 lakh MT.

Unseasonal weather and prolonged rainfall affected operations in key markets during the quarter, temporarily impacting volumes and realizations. Softer steel prices also weighed on average selling prices. However, these are short-term effects, and we expect normalcy to return as conditions stabilize.

The broader demand environment remains strong, with TMT bars continuing to benefit from sustained infrastructure spending and robust construction activity. With a trusted brand, an extensive franchise network, and pan-India distribution strength, Kamdhenu is well positioned to capitalize on growth opportunities and deliver long-term value.”

Uncategorized

Sirca Paints Posts Higher Revenue and Profit in Q2 FY26

Sirca Paints India has extended its long-standing agreement with Sirca S.p.A., Italy, until 2041.

Published

1 day ago

November 11, 2025

admin

Sirca Paints India, a leading manufacturer of premium wood coatings, announced its unaudited financial results for the quarter and half year ended 30 September 2025, reporting resilient growth supported by an improved product mix and sustained margin expansion.

During Q2 FY26, revenue rose 24.37 per cent year-on-year to Rs 1.31 billion, driven by strong demand in high-value product segments. EBITDA increased 44.52 per cent to Rs 270.40 million, supported by operational efficiencies and stronger margins, while PAT grew 36.30 per cent to Rs 180.10 million, reflecting disciplined cost management and enhanced profitability.

Key Financial Highlights (Q2 FY26):

Revenue: Rs 1.31 billion, up 24.38 per cent YoY and 14.82 per cent QoQ
EBITDA: Rs 270.40 million, up 44.51 per cent YoY and 21.45 per cent QoQ
EBITDA Margin: 20.89 per cent, compared to 17.98 per cent in Q2 FY25

Sirca continued to strengthen its presence in high-potential categories such as acrylic-based and waterborne PU systems, focusing on innovation, sustainability, and superior performance to drive category leadership.

Sirca Paints India has extended its long-standing agreement with Sirca S.p.A., Italy, until 2041. The renewed partnership includes the transfer of technical expertise for local manufacturing of high-quality acrylic, UV, and polyester-based wood coatings. Under the agreement, Sirca India will pay a quarterly royalty of 0.75 per cent of turnover. This expansion enhances technological self-reliance, strengthens market competitiveness, and improves supply chain efficiency.

Commenting on the results, Sanjay Agarwal, Chairman & Managing Director, said, “Despite challenges posed by extended monsoons and an early festive season affecting short-term retail momentum, Sirca remained focused on product innovation and market expansion. Throughout the quarter, we reinforced our operational and market foundations to support sustainable, long-term growth.

We are pleased to introduce a new range of PU coatings under the ‘Wembley’ brand, launched through the ‘Valentino’ sub-brand, designed for the premium furniture and interior segment. The range is already gaining traction across our distributor base. Our emphasis on innovation—particularly in metallic and acrylic finishes—continues to strengthen our brand differentiation, and we remain deeply engaged with architects and interior designers to enhance professional recall and advocacy.”