Techno Paints and Chemicals, a Hyderabad-based paints manufacturer, has announced plans to raise Rs 500 crore through an initial public offering by the financial year 2026-27. The company aims to file its draft prospectus with the capital markets regulator and complete the IPO within the same year. Techno Paints has enlisted Sachin Tendulkar as its brand ambassador for three years and is preparing to expand its operations nationwide, moving beyond its current presence in eight states. The company also has ambitions to enter the Middle East market in 2026-27. With revenues of Rs 210 crore in 2024-25, Techno Paints expects to nearly double its turnover this fiscal and is targeting significant growth by 2029-30. The company operates a research and development centre in Hyderabad and a manufacturing plant on the city's outskirts.