Gujarat-based Zydex Group is targeting a three-fold jump in revenue from its paints and waterproofing business to Rs 300 crore within the next two years, as the company bets on silicate mineral paints in the Indian market, said its Managing Director Moulik Ranka on Monday.
The company, which clocked around Rs 90 crore in paints and waterproofing revenue last fiscal, expects this to rise to about Rs 150 crore in the current financial year, Ranka said, adding that the segment could grow 25-50 per cent annually over the next 10-15 years.
