# Siddhika Coatings and Mizutani Paint sign MoU for JV in India

Siddhika Coatings and Mizutani Paint signed a memorandum of understanding on November 4, 2026, to evaluate a joint venture for premium construction and architectural coatings in India. Siddhika would hold 67% and Mizutani 33%.

- Type: Partnership
- Announced: 2026-11-04
- Where: India
- Status: announced
- Products: premium construction and architectural coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Siddhika Coatings](https://endata.com/companies/16177.md) (partner)
- [Mizutani Paint](https://endata.com/companies/16178.md) (partner)

## Sources

- [multibagg.ai](https://www.multibagg.ai/market-pulse/articles/siddhika-coatings-mizutani-jv-mou-announcement-cmw3ip5d3000s2bo2pm2t4xsu), 2026-11-05: "Siddhika Coatings would subscribe to 67% of the proposed new entity’s equity and Mizutani Paint would subscribe to 33%, according to the November 4 MoU."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.