This 82-year-old company will make ₹330 million from the upcoming elections by supplying ballot ink
- Mysore Paints & Varnish Ltd. has received an order for 26 lakh phials for General Elections 2019.
- The company started supplying indelible ink to the Election Commission in 1962.
- The order for this general elections is higher by 4.5 lakh phials from the last elections in 2014.
AdvertisementTucked away in Mysore, a company under the Government of Karnataka is going to rake in ₹330 million in revenue just from the Indian general elections in 2019.
Mysore Paints & Varnish Ltd. has been supplying indelible ink or
Speaking to Business Insider, Dr Chandrashekhar Doddamani, Managing Director, MPVL has said that the order is higher by 4.5 lakh phials than the last general elections in 2014.
The company was established in 1937 by Nalwadi Krishnaraja Wodeyar, who was then the Maharaja of Mysore to boost local employment. Since then, the company has gone from manufacturing seal wax to supply paint for war tanks to the Defence department of India.
However, the company has not just found a market with the Government of India but also governments from across the world.
“We export the indelible ink to more than 30 countries across the globe since the last two decades,” said Dr Doddamani.
The export sales of the country has also been growing over the last three years. In FY16-17, their export sales stood at ₹8.5 million, in FY17-18 it went up to ₹64 million and in FY18-19, the export sales reached a high of ₹156.8 million.
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