True Colors Limited Raises ₹13.5 Crore to Strengthen Market Position

True Colors Limited, a frontrunner in digital textile printing and fabric processing, has successfully closed a key funding round of ₹13.5 crore, welcoming Niveshaay Hedgehogs Fund and Finavenue Capital Trust – Finavenue Growth Fund as strategic partners. This milestone reflects growing investor confidence in the company’s technology-driven, sustainability-led approach and its robust recurring revenue model. As a

fully integrated player in the digital textile printing industry, True Colors is well-positioned to scale efficiently while delivering consistent value across the textile value chain. The investment marks a significant step forward in its journey of innovation and expansion.

Over the last few financial years, True Colors Limited has witnessed explosive growth, doubling its revenue from ₹80 crore in FY22-23 to ₹160 crore in FY23-24, and surging further to ₹233 crore in FY24-25. With a projected topline approaching ₹300 crore in FY25-26, the company is on a blazing upward trajectory. This phenomenal rise cements True Colors Limited as a dominant force in the textile industry and underscores the soaring demand for its sustainable, innovation-driven fabric solutions.

The newly raised capital will be deployed to scale up True Colors' core operations across its fabric printing, sublimation paper business, machine trading and ink supply. This includes enhancing production capacity, improving process efficiencies, and supporting the recent acquisition of True Colors Print to strengthen vertical integration. The infusion also provides the financial flexibility needed to streamline operations, improve profitability, and lay a stronger foundation for the company’s long-term growth.

Commenting on the fundraise, Satish Panchani, CEO & Co-founder of True Colors Limited, said, “This investment reaffirms our belief that India is ready for a manufacturing revolution led by technology, customization, and sustainability. We are grateful to our new partners for backing our vision. This capital allows us to scale with purpose, continue innovating across our product lines, and stay deeply aligned with the evolving needs of our customers, both in India and across global markets.”

The decision by Niveshaay Hedgehogs Fund and Finavenue Capital Trust to partner with True Colors was driven by the company’s consistent track record, deep domain knowledge, and clear roadmap to lead the next phase of transformation in textile manufacturing. Their involvement brings not only capital but also strategic insight and a long-term approach to value creation.

While the funding round did not directly target green manufacturing initiatives, True Colors remains firmly committed to sustainability. The company currently meets over 20% of its energy needs through solar power and has plans to increase this to 40% in the coming quarters. The enhanced financial and operational stability enabled by this investment round will support the acceleration of its environmental goals through future investments in clean technologies and energy efficiency.

Looking ahead, True Colors will focus on optimizing resource utilization, expanding its footprint in both domestic and export markets, and deepening its R&D efforts to meet the growing demand for customized, tech-driven textile solutions. With increased operational bandwidth, the company aims to achieve stronger topline growth, improved throughput, and sharper competitiveness in an industry that is rapidly embracing digitization and responsible manufacturing.

With over 1,200 installations across India, a dedicated team of 650+ professionals, including 55 experienced engineers, and India’s largest digital textile printing capacity, True Colors is uniquely positioned to deliver excellence at scale.