Arrcoat Net Worth 2024 – Interesting Facts, Social Media, & What’s Next
Arrcoat Surface Texture, a plaster brand that appeared on Shark Tank India Season 1 Episode 11, has experienced tremendous growth and success since securing funding for the show. Arrcoat, India’s first premium decorative surface plaster company, has gained recognition for its innovative, eco-friendly products. In this blog post, we’ll take a deep dive into Arrcoat’s journey, from its humble beginnings to its current net worth and prospects.
Who is Arrcoat?
Mohammad Iqbal and Saransh Anand, along with Kranti Anand, founded Arrcoat Surface Texture as a startup. The company specializes in providing a long-lasting, environmentally friendly alternative to traditional wall paints. Arrcoat’s products are water-resistant, washable, zero VOC, anti-crack, and provide a cooling effect, making them a safe and attractive choice for homes and commercial buildings.
Who Is The Founder Of Arrcoat?
A talented trio, Kranti Anand, Mohammad Iqbal, and Saransh Anand, founded Arrcoat. While working as an applicator in Dubai, Mohammad Iqbal, who is also the product manufacturer, came up with the idea for Arrcoat. Observing the health issues caused by chemicals in paint, he resolved to create a chemical-free wall solution. In 2016, he returned to India and, despite facing challenges, succeeded in the first trial of the product.
| Attribute | Details |
|---|---|
| Company Name | Arrcoat Surface Texture |
| Founders | Mohammad Ekbal, Saransh Anand, & Kranti Anand |
| Business | Premium decorative surface plasters |
| Ask | ₹50 Lakhs for 5% Equity |
| Final Deal | ₹30 Lakhs for 15% Equity & ₹20 Lakhs Loans |
| Shark | Anupam Mittal |
| Episode | Season 1 Episode 11 |
| Business Status | In Business |
| Net Worth | ₹10 Crores *estimated |
| Website | arrcoat.com |
How was Arrcoat’s Shark Tank pitch?
Arrcoat’s journey in Shark Tank India began with the owners pitching their business idea and asking for ₹50 lakhs for 5% equity in the company. While all the sharks except Anupam Mittal stepped out, Mittal made a counteroffer of ₹30 lakhs for 10% equity and ₹20 lakhs debt with some conditions. After negotiations, Anupam Mittal ultimately invested ₹50 lakh in Arrcoat for a 15% equity stake.
Arrcoat Shark Tank Update:
Since appearing on Shark Tank India in February 2022, Arrcoat Surface Texture has experienced remarkable growth. The company secured additional funding and partnerships, leading to an estimated net worth of ₹2 crore as of 2023. This represents a significant increase from their ₹10 crore business valuation before appearing on the show.
What happened to Arrcoat after Shark Tank?
Following their successful pitch on Shark Tank India, Arrcoat has continued to thrive. The company has focused on expanding its reach, improving its products, and strengthening its market position. Arrcoat’s founders have worked diligently to fulfill the conditions set by investor Anupam Mittal, including verifying product claims, ensuring product uniqueness, and appointing a new co-founder for marketing and distribution.
Arrcoat Net Worth:
As of 2023, Arrcoat Surface Texture has an estimated net worth of ₹2 crore. This impressive figure reflects the company’s strong growth and increasing market share. Arrcoat’s founders, Mohammad Ekbal, Saransh Anand, and Kranti Anand, have a combined net worth of ₹1.7 crore, a testament to their successful leadership and vision.
| Attribute | Details |
|---|---|
| Net worth before Shark Tank India | ₹10 Crores (business valuation) |
| Current Net worth (2023) | ₹2 Crores |
| Episode | Season 1 Episode 11 |
| Company name | Arrcoat Surface Texture |
| Founder | Mohammad Ekbal, Saransh Anand, & Kranti Anand |
| Asked for | ₹50 Lakhs for 5% Equity |
| Final deal | ₹30 Lakhs for 15% Equity & ₹20 Lakhs Loans |
| Shark | Anupam Mittal |
| Business status | In Business |
| Location | Hanover, Massachusetts |
Arrcoat Growth and Operations:
Arrcoat’s business model centers on providing a complete end-to-end solution for wall painting, from the brick to the final finish. The company generates revenue through product sales and related services, including surface preparation, application, and finishing. Arrcoat’s customer-centric approach and focus on providing high-quality, affordable solutions have been key drivers of its growth.
Arrcoat Marketing and Sales:
Arrcoat’s target market includes health-conscious and environmentally-conscious homeowners, commercial building owners, and contractors. The company’s last year’s sales reached an impressive ₹77 lakhs (₹7.7 million), with a gross profit of 10%. This year, Arrcoat aims to double its sales to ₹1.5 crores (₹15 million) and increase its profit to 20%, demonstrating its strong growth trajectory.
Arrcoat Social Media Presence:
Arrcoat maintains an active presence on social media platforms, engaging with its customers and promoting its eco-friendly, safe wall painting solutions. The company’s social media strategy has been instrumental in raising brand awareness, attracting new customers, and fostering a loyal community around its products.
Arrcoat Interesting Facts:
- Clay, the raw material for Arrcoat’s products, offers a natural and environmentally friendly substitute for conventional paints.
- The company’s founder, Mohammad Iqbal, developed the idea for Arrcoat while working as an applicator in Dubai, where he observed the health issues caused by chemicals in paint.
- Arrcoat’s valuation stands at an impressive ₹10 crores (₹100 million), reflecting its strong market position and growth potential.
| Aspect | Description |
|---|---|
| Aim | To provide a long-lasting solution for walls that protects them from VOCs (volatile organic compounds) while being water-resistant, washable, anti-crack, and offering a cooling effect |
| Business Model | Combination of product sales and services, offering end-to-end solutions for wall painting including surface preparation, application, and finishing |
| Target Market | Homeowners, commercial building owners, and contractors seeking eco-friendly, durable, and safe wall painting solutions |
| Sales and Revenue | Last year’s sales: 77 lakhs INR; This year’s sales target: 1.5 crores INR; Gross profit last year: 10%; Target gross profit this year: 20% |
| Journey in Shark Tank India | Initially asked for 50 lakhs INR for 5% equity, finalized deal with Anupam Mittal for 15% equity after negotiation |
What’s next for Arrcoat?
Looking ahead, Arrcoat is well-positioned for continued growth and success. The company plans to expand its product line, enter new markets, and further strengthen its position as a leader in eco-friendly, safe wall painting solutions. With a strong foundation, experienced leadership, and a commitment to innovation, Arrcoat is poised to make a significant impact in the industry.
Final Words:
Arrcoat Surface Texture’s remarkable journey from a startup to a thriving business with a ₹2 crore net worth is a testament to its founders’ vision, hard work, and dedication. By providing a long-lasting, eco-friendly, and safe alternative to traditional wall paints, Arrcoat has captured the attention of health-conscious and environmentally-conscious consumers alike.
A growing and innovative company will make a bigger impact in the future. Arrcoat’s success story serves as an inspiration to aspiring entrepreneurs, proving that with the right idea, execution, and support, anything is possible.
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