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Intex Targets Fundraise by FY27, IPO by FY28 Amid Expansion
Intex makes televisions and other home appliances.
It says its sales have been growing quickly and hopes to earn much more over the next two years.
The company plans to raise money from investors by the end of FY27 and may sell shares to the public in FY28.
Its founder says it does not urgently need outside money because it is bringing in enough cash to operate.
Intex is spending money on manufacturing, stores, warehouses and online sales.
It also wants to deliver more products through digital platforms.
Some appliances have become more expensive because important parts and materials cost more.
The company hopes to keep its products cheaper than those of leading competitors while continuing to grow.
Intex reported about ₹460 crore in FY26 revenue and targets over ₹800 crore in FY27 and ₹1,500 crore in FY28.
Founder Keshav Bansal said the company plans its first external fundraise by FY27-end, ahead of a potential IPO in FY28.
Intex says it is cash-flow positive and has not disclosed the fundraise amount or valuation.
The company is investing ₹150 crore in expansion, including manufacturing at Kundli and plans for 50 Smart World stores.
Rising component and material costs have lifted prices across several appliances as Intex seeks to maintain a 15–20% price advantage.
- Who
- Intex Technologies and its founder, Keshav Bansal.
- What
- The company is targeting a first external fundraise by FY27-end and a potential IPO in FY28 while expanding its business.
- Where
- India; the company is expanding manufacturing at Kundli and developing regional fulfilment hubs.
- When
- The article was published October 11, 2026; the fundraising target is by FY27-end and the potential IPO is in FY28.
- Why
- To support growth, manufacturing, retail and digital distribution as it pursues higher revenue targets.
Growth opportunity
Execution and cost risks
Revenue expansion
Growth opportunity
Intex reported rapid growth and is targeting revenue of ₹1,500 crore by FY28, backed by festive demand and expansion.
Execution and cost risks
The article says the company must prove that rapid growth can produce sustainable margins as input costs rise and expansion spending increases.
Digital distribution
Growth opportunity
Intex plans to grow online sales to 15–20% by FY28 and is exploring listings with quick-commerce platforms.
Execution and cost risks
Bansal said bulky, fragile electronics need specialised logistics, and digital platforms have narrowed the distribution advantage established brands once held.
External capital
Growth opportunity
The company intends to bring in investors before a potential IPO to support its next stage of expansion.
Execution and cost risks
Bansal said Intex is cash-flow positive and has no immediate need for outside capital; the fundraising amount and valuation have not been disclosed.
Key facts
- FY26 revenue
- About ₹460 crore.
- Revenue targets
- More than ₹800 crore in FY27 and ₹1,500 crore by FY28.
- Fundraising and listing
- First external fundraise targeted by FY27-end; potential IPO in FY28.
- Capital expenditure
- ₹150 crore guidance, unchanged.
- Distribution
- More than 500 distributors and 25,000 dealers; around 90% of sales are offline.
- Online sales goal
- Intex aims for online sales of 15–20% by FY28.
- Cost pressures
- Television input costs rose 35–40% year on year; air-conditioner prices rose 6–7% and washing-machine prices 4–5%.
Quotes
Keshav Bansal
Founder of Intex Technologies
“Handling FMCG, fashion or grocery products is very different from a consumer-electronics product, given the size, scale, sensitivity and fragility of the product.”
thehindubusinessline.com
“The customer is moving towards premium, but he’s still in the mass category.”
thehindubusinessline.com
Sources
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