The capital will be strategically deployed to scale True Colors’ core operations, with a focus on expanding its fabric printing and sublimation paper verticals.
New Delhi | August 7, 2025 – True Colors Limited, a leading force in digital textile printing and fabric processing, has raised ₹13.5 crore in a strategic funding round led by Niveshaay Hedgehogs Fund and Finavenue Capital Trust – Finavenue Growth Fund. The capital infusion will power the company’s next phase of growth across its core business segments, including fabric printing, sublimation paper, machine trading, and ink supply.
This investment underscores growing investor confidence in True Colors’ technology-first, sustainability-driven business model and its robust recurring revenue engine. With a fully integrated manufacturing setup, True Colors is uniquely positioned to scale operations while delivering high-quality, customized fabric solutions to customers across India and beyond.
Rapid Growth Trajectory
True Colors has demonstrated exceptional growth over the past three fiscal years, with revenues surging from ₹80 crore in FY22-23 to ₹160 crore in FY23-24, and reaching ₹233 crore in FY24-25. The company projects a topline of ₹300 crore for FY25-26, reinforcing its dominant position in the Indian textile industry.
“This funding validates our belief that Indian manufacturing is entering a new era—powered by technology, customization, and sustainable practices,” said Satish Panchani, CEO & Co-founder, True Colors Limited. “With the support of our new partners, we’re excited to deepen our innovation efforts, expand capacity, and better serve both domestic and global markets.”
Strategic Deployment of Capital
The newly raised funds will be channeled into:
- Expanding production capacity
- Enhancing operational efficiencies
- Supporting the acquisition and integration of True Colors Print
- Strengthening vertical integration across the value chain
This will enable the company to not only improve profitability but also lay the groundwork for sustained long-term growth.
Commitment to Sustainability
While the current funding round focuses on operational expansion, True Colors continues to advance its sustainability goals. The company already sources 20% of its energy needs from solar power and is targeting an increase to 40% in the near term. The investment will support future plans to adopt clean technologies and boost energy efficiency across facilities.
“True Colors brings a rare blend of deep industry expertise, execution strength, and vision for digital-led transformation in textiles,” said a spokesperson from Niveshaay Hedgehogs Fund. “We’re excited to partner with them in this journey to scale innovation and build long-term value.”
Future Outlook
With over 1,200 installations across India, a dedicated team of 650+ professionals, and India’s largest digital textile printing capacity, True Colors is well-equipped to lead the transition towards digitized, customized, and environmentally responsible textile manufacturing.
The company plans to:
- Expand into new domestic and export markets
- Deepen R&D investments to enhance product differentiation
- Drive operational optimization across its facilities
As the textile industry evolves, True Colors is poised to remain at the forefront—blending innovation, scale, and sustainability to deliver next-generation fabric solutions.
