The present work discloses the synthesis of multicomponent acrylate based waterborne latex for especially interior coatings. Redispersible powder (RDP) can be utilized in the paint and coatings industry due to its simplicity of use in variety of applications. In this paper, acrylate based latex was prepared by emulsion polymerization method. Three components were mixed for the preparation of the emulsion of RDP. The prepared acrylic latex was later spray dried and converted into RDP. The obtained dried RDP has very good redispersibility. The characterization of RDP was carried out using a Fourier transform infrared spectrometer (FTIR), Particle size analyzer, Differential scanning calorimeter (DSC), and Field emission scanning electron microscope (FE-SEM). The viscosity, freeze thaw stability, redispersibility and storage stability were also studied for RDP. Results show that the Total solid content (TSC) of synthesized RDP is 89%. Freeze thawing stability shows good quality with a milky white appearance of latex. There is no gelation, setting and coagulation of emulsion. The prepared RDP shows good storage stability with no aggregation of particles after 48 to 96 h of storage. In this study, it is seen that as the inlet temperature of the dryer increases, the percentage of moisture in the final product decreases which leads to a free – flowing powder. It can be seen that RDP was free-flowing in nature having angle of response≈ 38.7° with a bulk density of 270 to 350 kg/m3. In the context of acrylate, FTIR peaks indicate the presence of carbonyl group, which is characteristic of the acrylate functional group. The Particle size of RDP is 133.6 μm. The optimum temperature to melt the powder was found to be 200 °C. SEM micrograph of RDP is recorded at magnification 1.00, 5.00, 5.00, 10.00 KX, and applied voltage 20 kV and scale range of images are 20 μm, 2 μm, 2 μm and 1 μm, respectively. Results showed a dented surface with a shrunken spherical form. In this paper, RDP based paint formulations were synthesized by mixing RDP with water, calcium carbonate, and titanium dioxide. Here, RDP acts as a binder. Paint formulations were applied to the specimen and dried. The resultant paints were characterized by pendulum hardness, cross cut, pencil hardness, methyl ethyl ketone (MEK) rubbing test and gloss test to understand the physical properties of the paint coating.Graphical