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[Funding alert] Supply Port raises pre-seed funding from Marquee investors

By Viestories
New Update
Supply Port, a B2B brand providing a one-stop supply chain solution for restaurants has raised pre-seed funding of an undisclosed amount from marquee investors. The investors include Anant Agrawal and Sanjeev Agrawal- Directors of MMG Restaurants Private Limited.
Mr. Samarthya Bhargava (R) & Mr. Manoj Malhotra (L)

Supply Port, a B2B brand providing a one-stop supply chain solution for restaurants has raised pre-seed funding of an undisclosed amount from marquee investors. The investors include Anant Agrawal and Sanjeev Agrawal- Directors of MMG Restaurants Private Limited.

The brand was founded by Samarthya Bhargava and Manoj Malhotra with an aim to offer technology-based inventory management, just-in-time inventory replenishment and a one-stop-shop for restaurant supplies. Currently, they are servicing in Delhi NCR, including Gurgaon, Delhi and NOIDA to about 200 restaurants and are planning to expand to over 30,000 restaurants across the top 40 cities in India in the next 3 years.

The business is currently growing 20% month on month and with this round of funding they are planning to double the growth. Through this investment, Supply Port plans to focus on technology upgradation to ensure the most efficient supply chain system specifically designed for the hospitality industry. Expansion plans will require the acquisition of a professional team in order to build an organisation that doesn’t crumble under the burden of exponential growth.

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Commenting on the funding, Mr. Anant Agrawal, Director of MMG Restaurants Private Limited said, “We are super excited to partner with Samarthya on their vision to offer tech-based inventory management that solves the major problem of restaurants to maintain the inventory manually. I feel it’s a revolutionary solution to a problem that exists with the majority of restaurants in Pan India. We have extreme confidence in the growth potential of this category and opportunity to build a category-defining brand in the supply chain industry.”

Adding to the vote of confidence, Mr. Sanil Sachar, Founding Partner, Huddle (Huddle being an accelerator to Supply Port) said, “Supplyport is building itself into becoming a central system for the HORECA segment through its seamless support to help their clientele optimize their backend while being able to scale. Supply Chain as a sector has been awaiting a focussed disruption of this nature. Combining the deep knowledge of the product, ops, business acumen and execution skills, Samarthya and his team have created the correct systems to diversify their offerings and presence across geographies. I have full faith in the growth potential of the brand and we’re excited for the journey ahead.”

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The organised restaurant market comprises over 1,20,000 restaurants in the top 40 cities of India. Averaging at about 6,000 in tier 1 cities and 1,500 in tier 2 cities. Supply Port is currently servicing 200 restaurants in a city which has roughly 8,000 restaurants granting it 2.5% of the market share in just Delhi NCR. Supply Port is trying to marry technology with the brand with a problem-solving approach. The integration of the mobile application with Supply Port’s backend software will ensure that the stock at the restaurant is always replenished on time and restaurants minimum stock levels are maintained. Through machine learning and AI, the mobile app will learn the ordering pattern of a restaurant and make it more efficient and accurate over time. This will also enable Supply Port to make the purchase and inventory system of the restaurant more efficient and transparent to the owner.

Commenting on the funding and vision of the brand, Samarthya Bhargava, Co-founder of Supply Port said, “Supply Port will focus in easy to use systems that can be comfortably adopted by our customers, and service delivery that will make the supply side of the restaurant business as organised as the front end. With these competitive advantages against the prevailing amorphous systems, we intend to focus on rapid growth across restaurants in India.”

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About the Co-founders of Supply Port

Samarthya Bhargava – Founder and CEO of Supply Port: Samarthya cut his teeth into entrepreneurship while studying Industrial Design in the UK. He undertook several initiatives, including designing a memory bracelet for iPhone; an App for aggregating college students as a marketplace for brands, and dabbling with pop-up events in the bars and restaurants in Bath during his internship. After returning to India, Samarthya was determined to make it as an entrepreneur. He started off with Brainchild, a product design company. Alongside, Samarthya kept on exploring opportunities and partnering with other like-minded people to launch Impawsters - a designer pet accessory brand. Zhic – a designer headphone brand, 25 Limited – a designer t-shirt brand with every design created only 25 pieces, and XOXO – a pop-up event company to promote footfalls in nightclubs and bars, are some of his other ventures.

His enduring interest in the restaurant business led him to invest in a few restaurants in Delhi NCR and Goa. The learnings from this venture show that the back-end of the restaurant business is fraught with problems such as ad-hocism, opacity, unscientific buying, lack of precision in inventory management, and unreliable supply chains. These were the prime motivations for him to launch SMS SupplyPort or SupPort.

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Manoj Malhotra - Co-founder and COO of Supply Port: Manoj Malhotra has had a multi-dimensional career spanning from financial controller to chief administrator responsible for purchase of services for JWT, the organisation he served successfully for over 20 years. He honed his skill in negotiation, vendor management and maintaining service quality across the board. 

At an entrepreneurial level, Manoj has investments and operational experience in the HORECA sector, where he ran a 30 room guest house successfully for two decades. He also has extensive operational experience in logistics having run a transport company of his own for a few years as well.

All these skills are now being brought to bear in building SMS Supplyport. He is the reason that Support operations and services are grounded to reality and operate on market truths rather than high flown logic created in glass cabins. As one of the co- founders, he is a key differentiator between SMS SupplyPort and a host of competitors who are jostling for space in this field.

About Supply Port

The brand defines itself as technology-based inventory management, just-in-time inventory replenishment, and a one-stop shop for restaurant supplies. As we see, inventory management is a manual process in most restaurants in India. SupplyPort acts as a one-stop solution for restaurants and helps them in procuring their supplies with the help of AI and technology. Their services will be available in over 30,000 restaurants across the top 40 cities in India in the next three years.

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Currently, the brand is enabling 200 restaurants in Delhi NCR. The goal to increase efficiency in supply chains for the restaurant industry was a total lack of interest in technology investments. Traditional modes of servicing this industry are falling short of rising expectations, and a specialised tech-enabled, efficient, convenient and transparent supply chain system is the definitive future of the hospitality industry.

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Top 14 Indian Paint Brands in 2024

The paint sector in India has undergone remarkable expansion and evolution, making a substantial impact on the country's infrastructure advancement, interior design preferences, and overall visual allure. Undoubtedly, the leading paint brands in the nation have been pivotal in this achievement. With the domestic paint industry carrying a valuation of Rs. 50,000 crores, it's noteworthy that decorative paints encompass a significant 75% share of this market.

By Viestories
New Update

Top 14 Indian Paint Brands in 2024

India's infrastructure sector is expanding rapidly. With new buildings being constructed rapidly. However, no infrastructures is incomplete without proper paint. Paint not only enhances the aesthetic appeal of a building but also provides visual satisfaction.

The Indian paint industry is valued at approximately 50,000 crore rupees and is considered one of the fastest-growing industries in Asia. It provides a wide range of  products such as distemper, oil paint, acrylic paint, plastic paint, latex paint, emulsions, and more. In India there are lots of paint industries. In this article we will see some of the best paint companies in india.

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14 Best Indian Paint Brands in 2024

Here is the list of the top Indian paint brands:

1. Asian Paints

Founded in 1942, Asian Paints stands as India's foremost paint enterprise and ranks as Asia's third-largest in the industry.
Top 10 Indian Paint Brands | Asian Paints

In India's paint industry, Asian Paints is the biggest company in the country and the third-largest in Asia. It was Founded in 1942 by four friends - Chimanlal Choksi, Champaklal Choksi, Suryakant Dani, and Arvind Vakil. Its headquarters is situated in Mumbai, India.

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It is one of the top leading companies in paint brands with a revenue of Rs.34,488 crores, it is the top paint company in India. It specialises in producing a wide range of paints, for both decorative and industrial purposes. Additionally, as the parent company of Berger International, its has extended its presence globally.

Their services are available in more than 19 countries, Asian Paints has made remarkable progress in revolutionising the paint industry and is widely regarded as the best paint brand in India. Committed to excellence, the company has founded the Asian Paint Colour Academy, which provides comprehensive training programs for paint applicators, ensuring their skills align with the company's high standards.

What distinguishes Asian Paints is its dedication to innovation and customer-focused solutions. By launching creative Initiatives such as Colour Worlds, Home Solutions, ColourNext, and Kid's World, the company seeks to transform homes and spaces worldwide, providing customers with unique and immersive experiences.

2. Indigo Paints

Founded in 2000, Indigo Paints had a modest inception. Exterior Emulsions, Interior Emulsions, Distempers, and Primers are the products of the company.
Top 10 Indian Paint Brands | Indigo Paints

Indigo Paints  was founded in 2000. In the starting days they produce low-cost cement paints. Over time, it expanded its product range to include various types of water-based paints, like Exterior Emulsions, Interior Emulsions, Distempers, Primers, and more.

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Indigo Paints was established in March  2000 and now it is in the top ten paint companies. Headquartered in Pune, the company provides a wide range of products including Interior emulsions, exterior emulsions, enamels, putties, primers, and more.

Currently, indigo Paints is regarded as one of the strongest competitors in the Indian paint market. It has built a reputation as an inventive paint manufacturer, consistently introducing new and unique products not before available in the country.

3. Kansai Nerolac Paints

Kansai Nerolac Paints, the premier paint brand in India, was founded in 1920 and operates from Mumbai, Maharashtra.
Top 10 Indian Paint Brands | Kansai Nerolac Paints

Mumbai-based Kansai Nerolac Paint Ltd founded  in 1920. The company provides a range of products such as Decorative paints, coatings, industrial (re)finishing products, basic and industrial chemicals, and many more. It creates and supplies paint systems for various sectors including cycle, material handling, bus bodies, electrical components, containers, and finishing lines.

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In 1986, GNPL signed a TAA in Osaka with Kansai Paints Co. Ltd. of Japan to produce Cathodic Electrodeposition Primer and other advanced coatings for automotive products. GNPL was the first company in India to adopt this technology.

4. Dulux Paints

Dulux stands as India's foremost paint brand, recognized for its pioneering presence since its establishment in 1931.
Top 10 Indian Paint Brands | Dulux Paints

Dulux stands as India's foremost paint brand, recognized for its pioneering presence since its establishment in 1931. With a global reputation, the brand has been associated with esteemed entities like Imperial Chemical Industries and DuPont since its inception.

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Headquartered in Gurugram, the company efficiently manages a network of 75 warehouses. Dulux enjoys extensive distribution, particularly within the realm of decorative coatings, solidifying its position as a leading choice for wall paint solutions.

5. British Paints

British Paints stands out as one of India's prominent paint manufacturers and the largest companies in the field.
Top 10 Indian Paint Brands | British Paints

British Paints stands out as one of India's prominent paint manufacturers and the largest companies in the field. With a commitment to delivering tailored painting solutions, the company is dedicated to achieving the utmost customer contentment. Making its foray into the Indian market in 1947, British Paints swiftly ascended to a position of prominence as a top provider of marine, industrial, and architectural coatings.

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Renowned for its cost-effective approach, British Paints offers an array of industrial and decorative products, solidifying its status as one of India's premier paint brands.

6. Berger Paint

Berger Paints - Founded in Kolkata, this Indian company boasts a widespread presence with 16 manufacturing facilities strategically situated across the nation.
Top 10 Indian Paint Brands | Berger Paint

Kolkata-based Berger Paints India, is one of the top paint companies in India, recognized as a leading paint brand in India.The company operates an extensive network of 16 manufacturing plants across India, along with two in Nepal, one in Poland, and in Russia.

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Each quarter, Berger Paints is among the fastest-growing companies in the industry. Its product range includes Exterior Wall Coatings, Interior Wall Coatings, Berger Metal & Wood Paints, Undercoats, Express Painting, and Construction Chemicals.

Berger Paints India Limited is the second-largest paint company in the country, known for its rapid growth and high quality and providing the best paints in India. It employs over 3450 employees and has a nationwide distribution network of more than 25,000 dealers. The company ranks second among India's top 10 paint companies by turnover.

7. Jenson & Nicholson Paints

Gurgaon-based Jenson & Nicholson Paints is another one of the young paint companies in India.
Top 10 Indian Paint Brands | Jenson & Nicholson Paints

Gurgaon-based Jenson & Nicholson Paints is another one of the young paint companies in India. But It has established a significant presence in the Indian market. It operates as a joint venture, focusing on industrial paints and decorative paints as its primary offerings.

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What sets this company apart is its commitment to eco-friendly products and their effectiveness against germs. This distinct approach has quickly endeared the brand to the Indian populace, making it a favored choice in the paint market. The company was founded by John Jenson & V. Nageswara Rao. 

8. Grauer & Weil India

Grauer and Weil India Ltd stands as one of the prominent paint enterprises in India.
Top 10 Indian Paint Brands | Grauer and Weil India

Grauer and Weil India Ltd stands as one of the prominent paint enterprises in India. Beyond its operations within the country, the company has extended its reach to multiple other nations. Despite adopting a modest advertising approach, the company has managed to cultivate a strong reputation within the Indian market.

Its products have garnered reviews and ratings resulting in an overall score of 3.8 out of 5, showcasing a commendable standing in comparison to its rivals. The enterprise was established in Kolkata by Ramanlal Shah & Dipesh Mehta.

9. Akzo Nobel India Ltd

Akzo Nobel India Ltd holds the distinction of being the global leader in paint and coating manufacturing.
Top 10 Indian Paint Brands | Akzo Nobel India Ltd

AkzoNobel, is a well known paint and coatings firm, has been active in India for nearly 60 years. As one of the leading paint companies in the country, it has built a strong presence across India, their services are available in 5 different areas.

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AkzoNobel NV acquired Imperial Chemical  Industries Ltd., the holding company of ICI India Limited, through a scheme of arrangement under section 425 of the UK Companies Act 1985. It was renamed as the AkzoNobel India Limited, further establishing its position as a leading provider of high-quality coatings in the country.

In 2012, three more AkzoNobel Group companies operating in India were merged under the AkzoNobel India Limited, making it the country's only integrated Paints and Coatings company with a small Chemicals portfolio.

In addition to paints and coatings, AkzoNobel is engaged in various industries, including automotive, aerospace, marine, and industrial coatings. Their advanced technologies and expertise have made them a trusted partner for businesses looking for high quality protection, performance, and aesthetics.

10. Sirca Paints India Ltd

Founded by  Sanjay Agarwal, Sirca Paints stands as a significant player in the realm of paint and coating manufacturing.
Top 10 Indian Paint Brands | Sirca Paints India Ltd

Founded by  Sanjay Agarwal, Sirca Paints stands as a significant player in the realm of paint and coating manufacturing. Despite its youthfulness, the company has managed to secure a prominent position among India's top 15 paint brands. Initially known by a different name, it was later rebranded.

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Originally incorporated as Sircolor Wood Coatings Private Limited, the company's offerings were well-received by customers, being regarded as products offering good value. However, Sirca's presence in the paint sector of the nation is often overlooked, remaining an underrated entity.

11. Nippon Paints

Nippon Paint Brand

Nippon Paint India Pvt Ltd is a leading paint and product manufacturer based in India. Globally, It ranks as the seventh-largest paint maker. The company was originally founded in 1881 by Jujiro Moteki and Komyosha. Established in India in 2006, Nippon Paint has quickly grown into a major player, recognised for its dedication to providing superior high-quality paint products across a diverse range of segments.

Nippon paint makes high-quality paints and coatings for the automotive, industrial, and decorative sectors. Their environmentally friendly products include Marine coatings, automotive coatings, industrial coatings, and fine chemicals.

A key feature of Nippon Paint's strategy is its focus on sustainability. The company prioritises eco-friendly solutions, integrating sustainable practices into both its manufacturing processes and product lines. Nippon Paint is proud to produce environmentally responsible paints that reduce environmental impact while delivering outstanding performance.

12. Shalimar Paints

Shalimar Paint Brand

Shalimar Paints Ltd has one of the top paint companies in India. Headquartered in Gurgaon, it was established in 1902 by AC Turner and AC Wright. Shalimar Paints specialises in manufacturing and distributing an exceptional range of industrial coatings and decorative paints, catering to a wide range of customers across India.

Through its dedication to innovation and quality, Shalimar pants has maintained its position as a trusted name in the industry, earning a well-deserved reputation as one of the best paint brands in India. The company consistently provides customers with the best of both worlds: high quality products and exceptional service.

Shalimar Paints Ltd has played a key role in painting many of India's iconic structures, including Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, and Salt Lake Stadium.

In 1992, Shalimar Paints established its second manufacturing facility in Nashik, Maharashtra, to serve the Western region as it expanded its presence across India. In 2002, the company further expanded by opening its third  manufacturing plant in Sikandrabad, Uttar Pradesh.

13. Snowcem Paints Limited

Snowcem Paint Brand in India

Snowcem paints limited ranks 10th among India's top paint companies. It was founded  in 1959 by Mr. George Lillington in Mumbai. The company specialises in manufactures interior and exterior emulsions, primers, cement paints, wall putty, more. As one of the biggest cement paint producers in India, Snowcem operates four manufacturing units across the country, generating approximately $6 million. 

14. Sheenlac Paints

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Sheenlac paints ranks 9th position among India's top paint companies. It was founded in 1962 by Mr. John Peter.  It is known for its innovation, Sheenlac was the first company to introduce sanding sealer and non-alcoholic wood Polish. It operates 4 manufacturing units in the country. They  deal in various types of products such as interior & exterior wood coatings, interior and exterior wall paints, floor coatings paints, automotive coatings, more.

Conclusion

They all are the best paint companies in India, renowned for their diverse selection catering to various sectors. Whether it's intended for household applications, decorative purposes, industrial requirements, or automotive projects, these are the esteemed names in the industry that provide paints of exceptional quality. Choose among these well-established brands, which are highly regarded and widely sought after. Explore the top choices conveniently accessible through online platforms.

This was our selection of the Top 14 Indian Paint Brands. We hope this is useful to you. The order of this list is random.

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Frequently asked questions (FAQs)

What are the Top 10 Indian Paint Brands In 2024?
Asian Paints, Indigo Paints, Kansai Nerolac Paints, Dulux Paints, British Paints, Berger Paint, Jenson & Nicholson Paints, Grauer, Weil India, Akzo Nobel India Ltd, Sirca Paints India Ltd. are the Top 10 Indian Paint Brands In 2024.
Which paint brand stands at the No. 1 position in India?
Asian Paints stands at no.1 position in India.
What is the revenue of the paint industry in the Indian market?
Currently, the revenue of the paint industry is around Rs 62,000 crore in the Indian market, as per reported by .