About Acro Paints Limited
Data last updated:
Acro Paints Limited was a public limited company based in Kanpur, Uttar Pradesh, India, operated as a subsidiary of Jk Maxx Paints Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the paint and coatings segment of the manufacturing sector. It was incorporated on 18 May 1989.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U24119UP1989PLC195992. Its GSTIN is 07AAACA0396C2Z4 (Delhi). The company held 13 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹93.7 Lakh. It was formerly known as Acro Paints Private Limited. It was led by directors including Raghavpat Singhania and Anil Kumar Agrawal.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Kanpur, Uttar Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹80.35 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹29.47 Lakh (net margin 0.4%) and EBITDA of ₹1.6 Cr (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company had about 219 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Acro Paints. As per MCA filings, the company had satisfied charges of ₹94.1 Lakh on record. Court records list 37 cases involving the company, including 33 filed by the company and 4 filed against it; 5 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in January 2024. Its 5 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 2 smaller; the largest is Cipy Poly Urethanes Private Limited with revenue of ₹90.11 Cr.
The last known website on record is acropaints.net.
Company details
CIN history
Acro Paints has one previous CIN (Corporate Identification Number): U24119DL1989PLC036308. The current CIN is U24119UP1989PLC195992, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24119UP1989PLC195992 | Current |
| U24119DL1989PLC036308 | Previous |
Contact details
Acro Paints Limited's registered office is in Kanpur, Uttar Pradesh. Its website is acropaints.net. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKamla Tower, 29/1 Dwarikadheesh Road, Kanpur, Uttar Pradesh, India – 208001
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Acro Paints 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
Brands
Acro Paints operates one associated brand: Acro Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Paints and waterproofing chemicals are manufactured by Acro Paints. | acropaints.net |
Business activity
The main business activity of Acro Paints is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Acro Paints Limited, buy the company report.
Financials of Acro Paints Limited
FY 2023 filings availableAcro Paints Limited reported revenue of ₹80.35 Cr (up 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 10% growth in the latest year. EBITDA fell 61% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹80.35 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.47 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 Acro Paints Limited, buy the company report.
Board of directors of Acro Paints Limited
Acro Paints has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghavpat Singhania Also directs: J. K. Cement Limited., JK Paints and Pigments Limited, JK Maxx Paints Limited and 5 more | Director | 06 Jan 2023 | 3 Years 9 Months | As last reported |
| Anil Kumar Agrawal Also directs: Yadu International Private Limited, Yadupati Tradebiz Private Limited, JK Finance and Investment Private Limited and 5 more | Director | 06 Jul 2023 | 3 Years 3 Months | As last reported |
| Madhavkrishna Singhania Also directs: J. K. Cement Limited., JK Maxx Paints Limited, Yadu International Private Limited and 5 more | Director | 06 Jan 2023 | 3 Years 9 Months | As last reported |
| Ajay Kumar Saraogi Also directs: J. K. Cement Limited., JK Paints and Pigments Limited, JK Maxx Paints Limited and 5 more | Director | 06 Jan 2023 | 3 Years 9 Months | As last reported |
Peer comparison
Acro Paints Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cipy Poly Urethanes Private Limited | ₹90.11 Cr (FY 2021) | -27.0% | Pune, Maharashtra, India | |||
| Gunjan Paints Limited | ₹84.15 Cr (FY 2025) | 7.0% | Gandhinagar, Gujarat, India | |||
| Ducol Organics and Colours Limited | ₹80.84 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Acro Paints Limitedthis company | ₹80.35 Cr (FY 2023) | ₹29.47 Lakh | 0.4% | 10.0% | 219 | Kanpur, Uttar Pradesh, India |
| Chemelyne Sppecialities Private Limited | ₹79.36 Cr (FY 2025) | 117.0% | Delhi, India | |||
| Nivera Paints (India) Private Limited | ₹76.6 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Acro Paints Limited, buy the company report.
Auditor
Acro Paints Limited is audited by S. K. MEHTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. MEHTA & CO. | FY 2023 | 000478N |
Shareholding
The shareholding of Acro Paints Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Acro Paints Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2022 | 100651436 | Hdfc Bank Limited | ₹40 Lakh | Satisfied | |
| 06 Oct 2020 | 100395955 | Canara Bank | ₹5 Lakh | Satisfied | |
| 27 Oct 2009 | 10184768 | Canara Bank | ₹7.5 Lakh | Satisfied | |
| 31 Dec 2007 | 10084450 | Canara Bank | ₹6 Lakh | Satisfied | |
| 27 Feb 2007 | 10041945 | Canara Bank | ₹3 Lakh | Satisfied |
To see the full charge records of Acro Paints Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Acro Paints Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in January 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: JK Maxx Paints Limited |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: JK Maxx Paints Limited |
| Dec 2022 | Acquisition | ₹153 Cr | Buyer: JK Maxx Paints Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Acro Paints Limited has 37 court cases on record: 33 filed by Acro Paints, 4 filed against it. 5 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 4 | 2 |
| High courts | 8 | 0 | 3 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (W.C.(C)-IPD) | Filed by the company against Super Chem Paints Pvt Ltd and Ors | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against Rajasthan State Industrial Development and Investment Corporation Limited Riico, and 1 other | Pending |
| District court, West, Delhi | Criminal case | Filed by the company against Super City Developers Pvt Ltd | Disposed |
| District court, West, Delhi | Criminal case | Filed by the company against Rajesh Projects India Pvt Ltd and Rajesh Goyal | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Super Chem Paints Pvt Ltd and Ors | Disposed |
To see the full case history of Acro Paints 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 Acro Paints Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Acro Paints Limited has a workforce of 219 employees on its EPFO records as of Sep 23, 2025, across 2 active EPFO establishments.
GST
Acro Paints has 13 GST registrations: 1 active and 12 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA0396C2Z4 | Delhi | Active | 01 Mar 2019 |
To see the full GST registrations and return filing status of Acro Paints Limited, buy the company report.
Recent activity
Acro Paints Limited has 12 board changes on record since 2023: 4 appointments and 8 cessations. The latest: Anil Kumar Agrawal ceased to be Additional Director on 28 Sep 2023.
27 earlier events are in the company report.
Frequently asked questions
Acro Paints has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Acro Paints was a public limited company based in Kanpur, Uttar Pradesh, India. The company worked in paint and coatings, within the manufacturing industry. It was incorporated on 18 May 1989 and is registered under CIN U24119UP1989PLC195992. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Acro Paints was incorporated on 18 May 1989. It is registered with the Registrar of Companies, Kanpur.
Acro Paints had 4 directors:
- Raghavpat Singhania - Director
- Anil Kumar Agrawal - Director
- Madhavkrishna Singhania - Director
- Ajay Kumar Saraogi - Director
The CIN (Corporate Identification Number) of Acro Paints is U24119UP1989PLC195992. 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 Acro Paints is at Kamla Tower, 291 Dwarikadheesh Road, Kanpur, Uttar Pradesh, India – 208001.
Acro Paints can be reached through the website acropaints.net. Its registered office is in Kanpur, Uttar Pradesh, India.
The latest financial statements of Acro Paints on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Acro Paints is 07AAACA0396C2Z4, registered in Delhi. The company has 13 GST registrations in all, of which 1 is active and 12 are cancelled or inactive.
Acro Paints operated in the manufacturing industry, in the paint and coatings segment.
Acro Paints has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in January 2024.