[4][5] The company is engaged in manufacturing, selling and distribution of decorative paints, Emulsion, enamels, waterproofing & chemical constructions, wood coatings, distemper, primers, putties and cement paints.

[12] In 2022, company onboarded Mohanlal as a brand ambassador for promoting its products in the state of Kerala.

In 2023, Indigo Paints forayed into the waterproofing and construction chemicals segments, with the acquisition of 51 percent stake[13] in Apple Chemie India Private Ltd (ACIPL).

On 20 January 2021, Indigo Paints launched its initial public offering (IPO) of about 1170 crores; the price band was fixed at ₹1,488-1,490 apiece.

[15][16][17] On the listing day, the stock price more than doubled to hit the upper circuit at ₹3,129 per share.