Indigo Paints Appoints Industry Veteran Narayanankutty K. Venugopal as Additional Executive Director
Indigo Paints Limited has appointed Mr. Narayanankutty Kottiedath Venugopal as an Additional Executive Director for a five-year term starting June 1, 2025, subject to shareholder approval. Mr. Venugopal, 76, brings over 40 years of paint industry experience, including roles at Asian Paints and Hi-Build Coatings. He holds a B.Sc. in Mechanical Engineering and a PGDM from IIM Calcutta. The appointment was approved by the Board on July 24, 2025, and complies with regulatory requirements.
30May 25
Peak XV Partners Exits Indigo Paints with ₹158 Crore Stake Sale
Peak XV Partners, formerly Sequoia Capital India & SEA, has sold its entire 3.18% stake in Indigo Paints through open market transactions, generating ₹158.00 crore. The sale was executed at an average price of ₹1,046.45 per share. Kotak Mahindra Mutual Fund acquired the shares on the National Stock Exchange. This exit could impact investor confidence and the ownership structure of Indigo Paints, a key player in the Indian paint industry known for innovative products and marketing strategies.