BirlaNu targets Rs 1,000-crore construction chemicals push via Rs 120-crore Clean Coats buyout

Mumbai: Birlanu, the flagship company of CKA Birla Group, is targeting a tenfold growth in its construction chemicals portfolio over the next four-five years to Rs 1,000 crore, boosted by the acquisition of Clean Coats, a coatings and specialty construction chemicals company. Birlanu is acquiring 100% stake in Clean Quotes for ₹120 crore through a combination of internal accrual and borrowings. The purchase is expected to be completed by the end of this month.

The home and building solutions company, formerly known as HIL, also has a roofing, walls and flooring segment.

Avanti Birla, chairman of the company, said, “Obviously, this acquisition is part of the thousands of crores of rupees we are targeting, but we will also enhance our existing portfolio.”
Birlanu had revenues of ₹155 crore, and reported an operating loss of ₹13 crore in its pipes and construction chemicals segment in the September quarter.

Mumbai-based Clean Coats, which makes specialty coatings, epoxy, polyurethane flooring and water proofing systems, reported revenue of ₹52 crore for 2024-25.

Birlanu had a total debt of ₹678 crore at the end of the June quarter. “This acquisition helps us in our growth journey of about five to seven years for our approach on the manufacturing chemicals side,” the company’s chief executive officer Akshat Seth told ET. Seth said, another advantage will be that these products will have higher margins and this will help in the profitability of the company right from its inception.