Indigo Paints Limited is engaged in manufacturing, selling and distribution of decorative paints, emulsions, enamels, wood coatings, distemper, primers, putties and cement paints. It has three manufacturing facilities that are located at Jodhpur, Kochi and Pudukkottai. Indigo Paints is the fifth-largest company in the Indian decorative paint industry in terms of revenue from operations for fiscal 2020 and the fastest growing amongst the top five paint companies in India. In 2021, as a part of its IPO, Indigo Paints raised ₹348 crore from 25 anchor investors including the Government of Singapore, Fidelity, Goldman Sachs, Nomura, HSBC, Pacific Horizon Investment Trust, SBI Mutual Fund, ICICI Prudential Mutual Fund and Axis Mutual Fund.