What we do Sirca Paints India Ltd manufactures and sells premium wood coatings and decorative paints, focusing on high-quality finishes under brands like Sirca, Unico, Oikos, and DuranteVivan. |
Founded in 2,006 |
Market share Market leader in premium wood coatings in North India with a growing national presence and expanding distribution network. |
Problem solved Provides durable, high-quality wood and decorative coatings addressing furniture and architectural aesthetics demand. |
Top clients or who we serve Serves OEM furniture manufacturers, retailers, contractors, and consumers (B2B and B2C) across India. |
Key management Mr. Sanjay Agarwal (Chairman & Managing Director), Mr. Apoorv Agarwal (Joint Managing Director) with expertise in paint industry and finance. |
Our journey and innovations Started in 2006 importing PU paints, launched India's first wood filler, expanded to manufacturing melamine and NC products, and acquired Wembley Group in 2025. |
Where we operate Operations across India with major facilities in Sonipat and NCR; exports to neighboring countries like Nepal, Sri Lanka, Bangladesh. |
Top products or what we offer Premium wood coatings, decorative paints, wall textures under brands Sirca, Unico, Oikos, Wembley, and Welcome. |
Top brands Sirca: #1 premium wood coatings brand in North India; Wembley: legacy brand with enamel and NC products; OIKOS: luxury wall textures. |
Raw materials needed Resins, solvents, pigments, polyurethane, nitrocellulose, melamine, thinners, additives. |
Raw materials supplier Imported raw materials from Italy and Korea; domestic sourcing expanding with Make-in-India initiatives. |
Recurring vs cyclical contribution Revenue mix includes recurring OEM contracts and cyclical retail and industrial project sales. |
Our industry position Among top 3 premium wood coatings brands in India; dominant in North India market with growing pan-India footprint. |
Financial highlights FY 2024-25 revenue at ₹374 Cr (+16.65% YoY); PAT ₹49 Cr; Q3 FY26 revenue ₹112.79 Cr (+27%), EBITDA margin 20.4%. |
Geographical revenue split Primarily India; strong presence in North India and growing Western India markets. |
Order book - |
Whats driving growth New product launches, acquisitions like Wembley, technology transfers, expanding distribution and premium segment focus. |
Our future plans Commission Wembley facility by Feb 2026; ramp up Make-in-India production; expand brand presence and product portfolio. |
Our green promise ISO 14001 certified manufacturing; energy efficiency measures; eco-friendly water-based coatings and sustainable practices. |
Our people and values 659 employees; culture emphasizing innovation, customer-centricity, and technical expertise. |
Key challenges ahead Market demand fluctuations, regulatory disruptions in key regions, and raw material price volatility. |
Interesting facts First to launch wood filler in India; exclusive licensee of premium Italian coatings; acquired legacy Wembley brand in 2025. |
Risks and strategy Mitigating demand softness via diversified product mix, cost optimization, digital engagement, and strategic acquisitions. |
