About PPG India Private Limited
Data last updated:
PPG India Private Limited was a foreign private limited company based in Vadapalani, Tamil Nadu, India, operated as a subsidiary of Ppg Industries Securities Llc. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 14 November 2006.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U24222TN2006FTC073663. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹44 Cr and a paid-up capital of ₹4.64 Cr. It was led by directors Suresh Kumar Jagdish Prasad Thakur and Rajiv Vimal.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Flat No.Rf – 6 Plot No.22 Gangai Amman Koil 4th Street, Vadapalani, Tamil Nadu, India – 600026.
As per the financials filed for FY 2016, the company reported a revenue of ₹5.72 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹24.11 Lakh (net margin -421.4%) and EBITDA of -₹29.45 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
Court records list 5 cases involving the company, including 5 filed by the company. The company has 4 deals on record (2 funding rounds, 2 rights issues), with disclosed funding of ₹17.84 Cr; the latest was in December 2016.
The last known website on record is ppg.com.
Company details
CIN history
PPG India has one previous CIN (Corporate Identification Number): U24222MH2006FTC165547. The current CIN is U24222TN2006FTC073663, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24222TN2006FTC073663 | Current |
| U24222MH2006FTC165547 | Previous |
Contact details
PPG India Private Limited's registered office is in Vadapalani, Tamil Nadu. Its website is ppg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No.Rf – 6 Plot No.22 Gangai Amman Koil 4th Street, Vadapalani, Tamil Nadu, India – 600026
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of PPG India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of PPG India Private Limited
FY 2023 filings availablePPG India Private Limited reported revenue of ₹5.72 Lakh (down 80% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 80% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹5.72 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹29.45 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹24.11 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | -421.4% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of PPG India Private Limited, buy the company report.
Board of directors of PPG India Private Limited
PPG India has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Jagdish Prasad Thakur Also directs: PPG Industries India Private Limited | Director | 21 Jan 2012 | 14 Years 9 Months | As last reported |
| Rajiv Vimal | Director | 21 Dec 2018 | 7 Years 10 Months | As last reported |
Auditor
PPG India Private Limited is audited by PARTHASARATHY & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARTHASARATHY & CO | FY 2016 | 011347S |
Shareholding
The shareholding of PPG India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of PPG India Private Limited, buy the company report.
Deals & funding
PPG India Private Limited has 4 deals on record (2 funding rounds, 2 rights issues), with disclosed funding of ₹17.84 Cr; the latest was in December 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Rights issue | ₹3.67 Cr | Investors: Ppg Industries Securities Llc |
| Jun 2014 | Rights issue | ₹22.4 Cr | Investors: Ppg Industries Securities Llc |
| Jun 2011 | Funding round | ₹9.04 Cr | Investors: Ppg Industries Securities Llc |
| Jun 2009 | Funding round | ₹8.8 Cr | Investors: Ppg Industries Securities Llc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
PPG India Private Limited has 5 court cases on record: 5 filed by PPG India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Company petition | Filed by the company | Disposed |
| Madras High Court | Court case (COMP.A) | Filed by the company | Disposed |
| Madras High Court | Company petition | Filed by the company | Disposed |
To see the full case history of PPG India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for PPG India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
PPG India has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of PPG India Private Limited, buy the company report.
Recent activity
PPG India Private Limited has 16 board changes on record since 2008: 2 appointments and 14 cessations. The latest: Rajiv Vimal ceased to be Additional Director on 30 Sep 2019.
7 earlier events are in the company report.
News
Frequently asked questions
PPG India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
PPG India was a foreign private limited company based in Vadapalani, Tamil Nadu, India. The company worked in specialty chemicals, within the chemicals and materials industry. It was incorporated on 14 November 2006 and is registered under CIN U24222TN2006FTC073663. The company has been struck off by the Registrar of Companies and is no longer operational.
PPG India had 2 directors:
- Suresh Kumar Jagdish Prasad Thakur - Director
- Rajiv Vimal - Director
The CIN (Corporate Identification Number) of PPG India is U24222TN2006FTC073663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of PPG India is at Flat No.Rf – 6 Plot No.22 Gangai Amman Koil 4th Street, Vadapalani, Tamil Nadu, India – 600026.
PPG India was incorporated on 14 November 2006. It is registered with the Registrar of Companies, Chennai.
PPG India can be reached through the website ppg.com. Its registered office is in Vadapalani, Tamil Nadu, India.
The latest financial statements of PPG India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from 2015 are in the company report.
No. PPG India has 3 GST registrations on record and all of them are cancelled or inactive.
PPG India operated in the chemicals and materials industry, in the specialty chemicals segment. It worked in this industry before it was struck off.