Commercially used industrial baking enamels consist of alkyd or polyester resin with melamine formaldehyde. These resins are mainly derived from fossil resources. Considering growing environmental legislation regarding use of petroleum based raw materials, utilization of renewable resources to synthesize various chemistries can be the only obvious option as far as academia and industries are concerns. The present work deals with exploration of one of the natural resources (Cardanol) for polyol synthesis, its characterization (FTIR and NMR) and its curing behavior with melamine formaldehyde resin by differential scanning calorimetry (DSC). The optimized formulations from DSC study were further evaluated for general coating properties to study the suitability of developed polyol for industrial coating application. The experimental studies revealed that melamine content in the curing mixtures and thereby developed crosslinking density played an important role in deciding the coatings properties.