Kansai Nerolac Paints Announces ₹98-Crore Expansion at Hosur Facility, to Create 280 Jobs

Kansai Nerolac Paints Limited, deemed one of India’s foremost paint makers, announced the investment of ₹98 crores in expansion at its paint-making plant in the state of Tamil Nadu in Hosur, expected to create about 280 jobs, which would greatly contribute toward the economic landscape of the region.

The Hosur plant produces paints, varnishing, enamels, powders, and resins. Currently, it operates at 15,500 tonnes per month (TPM). The planned growth will boost its output to 28,140 TPM. Soil is set down on 54 acres, which has around 700 employees, just working two shifts.

KNPL worth ₹7,393 crore, is part of Japan’s Kansai Paint Co Ltd It aims to grow fast in India’s paint market. More factories and building projects drive this growth. KNPL has asked for approval to expand sending in paperwork for environmental checks.

Market Leadership and Growth:

KNPL stands out as a major force in India’s paint market. It ranks third in decorative paints and leads in both automotive and powder coatings. The company offers a wide range of products, including paints for homes inside and out, and solutions for vehicles, appliances, and infrastructure.

In the automotive coatings area, KNPL dominates with a 58-60% market share. The company is also growing its presence in new markets like electric vehicles (EVs). During the Q2 FY25 earnings call, Anuj Jain, Managing Director, said, “In four-wheelers, EV penetration is at 2-3%, while in two-wheelers it stands at 7-8%. The three-wheeler EV market has already surpassed 50% penetration.”

KNPL’s smart investments in top-notch powder coatings are likely to gain from the government’s drive for infrastructure and growth in the consumer durables sector.

KNPL has eight working factories across India, including the Hosur plant. This puts the company in a good spot to grow faster than the industry making its position as a big player in the paint and coatings market even stronger.