True Colors

What True Colors does

True Colors Limited is an Indian digital printing company founded in 2011 in Surat, Gujarat, by four co-founders, and listed on the BSE SME platform in 2025. The company operates a vertically integrated ecosystem spanning digital textile printing machines (HOPETECH, Nassenger, KORNIT, Pengda, ITTEN, MALLARD, SKYJET, and DTF series), proprietary printing inks manufactured through its wholly-owned subsidiary Inkia Inks Private Limited (solvent, eco-solvent, dye sublimation, reactive, pigment, acid, disperse, UV, and DTF inks), sublimation paper in 30-100 GSM grades, and fabric processing services including sublimation, direct reactive, position, and the industry's first double-side fabric printing.

The company's underlying technology covers sublimation, direct-to-fabric, pigment, reactive, acid, and disperse inkjet printing, with standout platforms including the Nassenger SP-1 single-pass printer (up to 6,463 m²/h) and the SKYJET SDS1900 double-side printer. Core proprietary features claim significant resource efficiencies versus conventional printing (57% less electricity, 62% less water, 85% less waste, 95% less CO2). In May 2026, the company expanded into a new commercial inkjet printing segment with seven Nano-branded product lines covering book printing, label printing, embellishment, and flexible packaging.

True Colors makes money primarily through hardware sales of machines, consumables (Inkia inks and sublimation paper generating recurring replenishment revenue), and printing/fabric services. The go-to-market combines direct sales through regional offices in Surat, Noida, and Mumbai, an international distribution agreement with ITACA in Spain (signed November 2025), and participation in industry events such as FESPA Mexico 2025 and FESPA Expo 2026 Barcelona. The customer base spans textile manufacturers, fashion brands, home décor producers, FMCG, pharmaceutical, retail/e-commerce, and publishers, with an ongoing merger by absorption of Inkia Inks into the listed entity consolidating the corporate structure.

Name

True Colors

Legal name

True Colors Limited

Website

https://truecolorsgroup.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

True Colors Limited is an Indian digital printing company selling digital textile and commercial printing machines, proprietary inks (Inkia Inks), sublimation paper, and fabric processing services to textile manufacturers, publishers, FMCG, and pharmaceutical clients across India and select international markets.

Ownership category

akta.pro rank

Product category

Industrial Digital Printing Machinery

NAICS

Printing and Related Support Activities (3231), Commercial Printing (except Screen and Books) (323111), Printing (32311), Printing Ink Manufacturing (32591)

SIC

Printing Trades Machinery & Equipment (3555), Commercial Printing (2750), Service Industries For The Printing Trade (2790)

akta.pro primary industry

Printing Operations (Rotary/Flat/Digital/Sublimation) (IMAOACAC)

Keywords

• Digital textile printing
• Industrial printing machinery
• Digital printing inks
• Sublimation paper supplies
• Commercial inkjet printing

Headquarters

HQ city

Surat

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Digital Textile Printing Machines: Sale of digital textile printing machines including direct belt inkjet printers, sublimation printers, double-side printers, heat transfer machines, pigment printers, and DTF printers from brands like Hopetech, Nassenger, Kornit, Pengda, and ITTEN.
2. Printing Inks: Sale of proprietary and branded printing inks including solvent, eco-solvent, dye sublimation, reactive, pigment, acid, disperse, UV, DTF, and desktop inks through Inkia Inks subsidiary. Creates recurring revenue through consumable demand.
3. Sublimation Paper: Sale of sublimation printing paper in various GSM grades (30-100 GSM) with customizable widths. Consumable product generating recurring orders.
4. Fabrics and Digital Fabric Printing Services: Premium fabrics for digital printing along with fabric processing services including pre-treatment, coating, steaming, and washing. Services include sublimation printing, direct reactive printing, and position printing.
5. Commercial Inkjet Printing Machines: New segment launched May 8, 2026 covering commercial inkjet printing solutions for book printing, label printing, embellishment, and packaging. Includes Nano PressJet, Nano LabelJet, Nano EdgeJet, Nano AIOJet, Nano Embellishment, and NanoCut product lines.
6. After-Sales Services and Support: Technical support, maintenance services, and spare parts availability for installed machines. Builds long-term customer relationships and recurring service revenue.

Go-to-market motion4 records

Distribution channels3 records

Marketing channels5 records

Core offering

True Colors manufactures, distributes, and services industrial digital printing machinery for the textile and commercial printing industries. Its product portfolio spans digital textile printers (sublimation, direct-to-fabric, pigment, reactive, acid, and disperse), commercial inkjet printers (book, label, packaging, embellishment), proprietary digital printing inks (Inkia Inks), sublimation paper, and digital fabric printing services. The company also provides after-sales technical support, spare parts, and entrepreneurial setup assistance for new entrants to digital printing.

Product overview

True Colors operates a diversified enterprise providing an integrated ecosystem of digital printing solutions. The core portfolio spans three main segments: (1) Digital Textile Printing — comprising the HOPETECH series (Q1, HF02-03, H1, BD 01-02, G1, G2), SKYJET double-side printer, MALLARD 2.0, ITTEN (G20), Nassenger series (8, 10e, SP-1), KORNIT PRESTO MAX, True Colors DTF Printer, and Pengda heat transfer machines (1700D, 1800DF, PD3200RXD, PD95); (2) Commercial Inkjet Printing — covering the Nano PressJet (440C/SS), Nano EdgeJet, Nano LabelJet 330, Nano AIOJet 330, Nano Embellishment (RR/SS), NanoCut RR, Nano EmblishJet 9060, and Nano PouchJet for book printing, label printing, embellishment, and variable data applications; and (3) Consumables — including the INK by True Colors / INKIA Inks product line (solvent, eco-solvent, dye sublimation, pigment, reactive, acid, disperse, UV, DTF, desktop inks, and flushing solvents), sublimation paper (30–100 GSM in multiple widths), and fabrics/digital fabric printing services. The company also provides after-sales service, technical support, and entrepreneurial setup guidance.

Differentiator

Problem solved

Functional benefit

Brands

• Inkia Inks: Digital printing ink brand venture by True Colors Limited offering solvent inks, eco-solvent inks, dye sublimation inks, reactive inks, acid inks, pigment inks, UV inks, DTF inks, and disperse inks
• HOPETECH
• Nassenger
• KORNIT
• PENGDA
• Nano PressJet
• Nano LabelJet
• Nano AIOJet
• Nano EdgeJet
• Nano Embellishment
• Nano Cut
• Nano PouchJet
• Nano EmblishJet
• SKYJET
• MALLARD
• ITTEN

Products and services

• HOPETECH Q1 Digital Textile Printer Compact, eco-friendly direct-to-fabric scanning inkjet printer supporting reactive, pigment, disperse, and acid inks at up to 329 m²/h and 2400 dpi, designed for small-footprint sustainable textile manufacturing.
• HOPETECH HF02-03 Digital Textile Printer Eco-friendly digital textile printer with fabric width up to 1900mm, 32/48/64 print heads, variable drop sizes 5–18 picolitres, up to 2400 dpi resolution, and speeds up to 329 m²/h; features electric-powered drying eliminating gas, oil, or steam dependency.
• HOPETECH H1 Digital Textile Printer Compact sustainability-focused digital textile printer with 16 print heads, 1900mm width, resolutions up to 2400 dpi, drop sizes 5–18 picolitres, speeds up to 329 m²/h, supporting reactive, acid, and pigment inks with electric-powered dryer.
• HOPETECH BD 01-02 High-Speed Industrial Digital Textile Printer High-speed industrial digital textile printer series (BD01 and BD02) with Kyocera KJ4B, Fuji Dimatix Sg1024, and Samba printhead compatibility, capable of printing up to 50,000 meters per day at a maximum velocity of 75 m/min across natural fiber and polyester fabrics.
• HOPETECH UV-600 Narrow-Width Digital Printer High-performance narrow-width digital printer using Fuji Dimatix SG 1024 and Kyocera KJ4B printheads with 645mm max printing width and 75 m/min maximum speed, compatible with carpet, paper, and panel substrates.
• HOPETECH G1 Roll-to-Roll Sublimation Printer Roll-to-roll sublimation printer with 8 high-performance print heads, sublimation inks, and printing speeds up to 720 m²/h, featuring automatic paper handling and 6 infrared heaters for rapid drying in fashion and sportswear production.
• HOPETECH G2 Sustainable Roll-to-Roll Sublimation Printer Sustainable roll-to-roll sublimation printer with 8 print heads, 1860mm printing width, resolutions up to 1200 dpi, speeds up to 720 m²/h, 6 infrared heaters, automatic paper unwind/rewind, and compatibility with minimum 25 g/m² paper.
• MALLARD 2.0 Energy-Efficient Sublimation Printer Energy-efficient roll-to-roll paper sublimation printer designed for frugal energy, water, and chemical usage, featuring 8 print heads, variable resolution up to 1200 dpi, automatic paper handling, and low total cost of ownership for fashion and sportswear production.
• ITTEN (G20) High-Performance Digital Textile Printer High-performance digital textile printer with linear motor and Epson i3200 printhead (64,000 nozzles), achieving print speeds up to 900 m²/h at 300×1200 dpi in 1-pass mode, with maximum print width of 1830mm and 25L big ink supply system for continuous production.
• Nassenger 8 High-Speed Digital Textile Printer Mid-volume high-speed digital textile printer equipped with Konica Minolta high-precision inkjet technology, delivering speeds up to 485 m²/h, designed for fashion, sportswear, and interior textiles with advanced image processing and water-saving ink technology.
• Nassenger 10e Next-Generation High-Speed Digital Textile Printer Next-generation high-speed digital textile printer delivering up to 580 m²/h with dual-head configuration and deep ink penetration for thick and absorbent fabrics, offering high-resolution printing with smooth gradations, vivid colors, and low energy and water consumption.
• Nassenger SP-1 Single-Pass Ultra-High-Speed Digital Textile Printer Single-pass ultra-high-speed digital textile printer for mass production, achieving printing speeds up to 6,463 m²/h, with robust engineering for stable 24/7 operation and water-based inks, targeting large-scale sustainable manufacturing.
• Pengda 1700D Heat Transfer Machine High-precision thermal transfer printing machine with hydraulic pressure system for enhanced color vibrancy on various fabrics, featuring roll-to-roll and piece-to-piece transfer, drum cooling with PLC control, and a wide temperature range up to 230°C.
• Pengda 1800DF Heat Transfer Machine Next-generation heat transfer machine with 360° oil immersion structure for precise color transfer and uniform temperature with ±1°C deviation, featuring automatic felt adjustment, enclosed roller wrapping, and tension balance mechanism.
• Pengda PD3200RXD High-Speed Heat Transfer Machine High-speed industrial heat transfer machine with 360° oil immersion technology for deep colors, ±1°C temperature uniformity, heat-conserving roller enclosure, auto tension balance, and 75% fabric contact point on blanket for high productivity.
• Pengda PD95 Heat Transfer Machine High-speed heat transfer machine for large-scale textile production with automatic felt and fabric alignment, precision heating, pneumatic tension system, double unwinding and rewinding, and best-in-class electric components for optimal transfer quality.
• KORNIT PRESTO MAX Single-Step Roll-to-Roll Pigment Printing System Single-step roll-to-roll pigment-based solution for printing on all fabric types, capable of white prints on colored fabrics, featuring MAX technology, advanced XDi 3D effects, vibrant neon colors, and eco-friendly sustainable manufacturing.
• True Colors DTF Printer (Direct-to-Film) Direct-to-film printer with dual Epson i3200 printheads for high-speed, high-resolution printing on cotton, polyester, blends, and leather, featuring 45cm print width, advanced ink circulation system, roll-to-roll film feeding, and high-opacity white ink technology.
• INK by True Colors / INKIA Inks Comprehensive range of digital printing inks including solvent, eco-solvent, dye sublimation, pigment, reactive, acid, disperse, UV, DTF, and desktop inks, plus flushing solvents, manufactured by Inkia Inks Private Limited as a Make in India sustainable solution for the global textile ecosystem.
• Sublimation Paper High-quality sublimation paper engineered with indigenous eco-friendly chemistry for smooth transfer and maximum color retention, available in GSM range from 30 to 100 GSM and custom widths from 36 to 72 inches for home décor, apparel, sportswear, and advertising applications.
• Fabrics and Digital Fabric Printing Services Fabric processing unit offering premium fabrics for digital printing along with pre- and post-treatment services including fabric coating, steaming, and washing, plus sublimation printing, direct reactive printing, position printing, and the industry's first double-side fabric printing, using water recycling systems for eco-friendly operations.
• SKYJET SDS1900 Double-Side Inkjet Printer Double-side inkjet printer enabling seamless designs on both sides of fabric simultaneously, offering versatility for reversible garments, home décor, and other applications requiring double-sided textile printing.
• Nano PressJet 440C (Roll-to-Sheet) POD Press Roll-to-sheet digital inkjet POD press for high-speed roll-fed production with sheet output, designed for efficient book printing workflows targeting publishers, educational printers, copy shops, and commercial printers.
• Nano PressJet SS (Sheet-to-Sheet) POD Press Sheet-fed digital inkjet POD press suitable for short-run books, manuals, and commercial jobs using ready-made sheets as input, targeting commercial printers and short-run publishing operations.
• Nano EdgeJet Book Edge Printer Book edge printer for printing on the edges of finished books, enabling premium finishing, branding, and visual differentiation for publishers and specialty printers.
• Nano LabelJet 330 Roll-to-Roll Digital Label Printer Roll-to-roll digital label printer for high-efficiency label production with quick job changeovers and short runs, targeting FMCG, pharma, food, packaging, and industrial sectors requiring speed, customization, and premium quality.
• Nano AIOJet 330 All-in-One Integrated Label Printer All-in-one integrated label printer combining printing, cutting, and finishing convenience in a single compact system, designed for businesses seeking an entry point into digital label production with lower process fragmentation.
• Nano Embellishment RR Roll-to-Roll Embellishment Machine Roll-to-roll embellishment machine for premium label finishing through raised textures, foiling, and high-impact visual effects, supporting brands and converters seeking differentiation beyond print.
• NanoCut RR Roll-to-Roll Digital Die Cutting Machine Roll-to-roll digital die cutting machine for precision label finishing after printing, enabling faster and more efficient label production workflows with reduced manual intervention.
• Nano EmblishJet 9060 Digital Spot UV and Embellishment Printer Digital spot UV and embellishment printer for premium print finishing on commercial prints, packaging, and labels, featuring drop-on-demand piezo printhead, precision CCD registration, automated paper feeding, in-line foiling, and UV-curable varnish for small-batch on-demand production.
• Nano EmblishJet SS Sheet-to-Sheet Embellishment Machine Sheet-to-sheet embellishment machine for premium print finishing supporting Spot UV, 3D embossing, cast cure, hologram effects, Braille, hot stamping, and cold stamping without plate-making, designed for high-value printed products.
• Nano PouchJet Stand-Up Pouch Printer Stand-up pouch printer for flexible digital printing on pouches without plate-making or minimum order quantities, supporting single-color, multi-color, and gradient printing with intelligent feeding, automatic deskew, surface pretreatment, and UV ink curing.
• After-Sales Service, Technical Support, and Spare Parts Technical support, maintenance services, and spare parts availability for installed machines, with dedicated engineers and technicians providing after-sales support to build long-term customer relationships and recurring service revenue.

Quantifiable outcome

• 57% less electricity, 97% less glue, 62% less water, 85% less waste, 95% less CO2 emission compared to conventional printing
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

One partnership is on record.

• ITACA (Innovaciones Técnicas Aplicadas a Cerámicas Avanzadas S.A.U.)coreChannel Partner/ Reseller/ Distributor · 11 November 2025Execution of Distributor Agreement with ITACA, Spain on November 11, 2025. Press release titled 'True Colors & ITACA Join Forces' published November 12, 2025. Partnership expands True Colors' reach into European markets for ink and printing solutions distribution.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Kornit Digital: Israel-based global leader in digital textile printing systems. Directly comparable as the originator of the Kornit Presto MAX platform that True Colors distributes in India, serving the same fashion and apparel customer base with on-demand pigment printing.
• Durst Group: Italian manufacturer of industrial digital printing systems for textiles, labels, and packaging. Comparable as a competing supplier of high-speed, high-volume inkjet printing production lines targeting similar industrial customers globally.
• SPGPrints: Dutch provider of rotary screen and digital printing systems for the textile and graphics industries. Directly competes with True Colors in digital textile printer sales for fashion, sportswear, and home textile production.
• Mimaki Engineering: Japanese manufacturer of inkjet printers and cutting plotters for textile, apparel, signage, and industrial printing. Competes with True Colors' Hopetech and ITTEN lines in sublimation, DTF, and direct-to-textile printing.
• MS Printing Solutions (Dover): Italy-based developer of digital textile printers (now part of Dover). Competes head-to-head with True Colors in single-pass and high-speed industrial textile printing for fashion and home textile converters.
• Aeoon Technologies: Austrian manufacturer of high-speed industrial DTG and DTF printers for the apparel industry. Directly comparable as a specialist digital textile printer supplier serving similar fashion and sportswear customers.
• MTEX NS: Portugal-based manufacturer of digital textile printing machines including direct-to-fabric and sublimation systems. Directly comparable in technology scope (reactive, acid, pigment, sublimation) and in targeting similar textile converter customers.

Broad incumbents

• Epson: Global printing hardware incumbent that supplies key printhead technology (Epson i3200) used in True Colors' ITTEN and DTF printers. Competes indirectly via its own SureColor and Monna Lisa textile printing lines.
• HP (Large Format & Industrial Printing): Global incumbent offering HP Stitch textile printers and HP Indigo commercial presses. Competes with True Colors across both the textile and the new commercial printing and packaging expansion lines (labels, packaging).
• Ricoh: Japanese digital printing incumbent with textile, commercial, and label production press offerings. Comparable as a broad portfolio competitor in the commercial inkjet printing space that True Colors is entering with its Nano PressJet and Nano LabelJet launches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/truecolorssurat
• YouTubeyoutube.com/@truecolorssurat?feature=shared
• Facebookfacebook.com/truecolorssurat
• LinkedInlinkedin.com/company/truecolorssurat
• Instagraminstagram.com/truecolorssurat?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about True Colors