| Paints | Decorative paints including interior/exterior emulsions, textures, and wood coatings | Strong dealer and painter network, in-house manufacturing, brand recognition, product innovation, and pan-India reach | B2B (dealers, painters) and B2C (end consumers) across urban and rural India | Premium water-based emulsions and luxury decorative finishes | 266 | 100 | Sales of paint products through wholesale dealers and retail channels | Competitive direct sales with dealer incentives, focus on premium product pricing | Urban housing demand, government schemes, brand strengthening, product innovation | Kamdhenu Paints including Weather Supreme, Advance Shyne, Kamodual Luxury |
| Steel Trading | Steel products trading (historical as per group activities; negligible current revenue) | | B2B customers in construction and manufacturing | | 0 | 0 | Trading margins and services | Transactional sales | Not material currently | |
