About Advance Paints Private Limited
Data last updated: 06 March 2026
Advance Paints Private Limited is a private limited company based in Mumbai, Maharashtra, India. It specialises in paint and coatings, a part of the broader manufacturing sector. Incorporated on 31 July 1941, the company has been in operation for over 85 years.
Registered with ROC Mumbai under CIN U24110MH1941PTC003381.
Capital: an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹1.5 Cr. Formerly known as Advance Paints Limited. It is led by directors including Harshad Chhotalal Sheth and Mahendra Chhotalal Sheth.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.78 Cr, a decline of 15% compared to the previous year.
The company has a workforce of approximately 99 employees as per the latest available data.
The company is associated with 1 brand - Advance Paints. As per MCA filings, the company has open charges of ₹15 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advancepaints.com.
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Registered AddressAdvance House Plot No. A Makwana Road Ark Ind. Compound Marol Naka Andheri, (E), Mumbai, Maharashtra, India – 400059
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IndustryManufacturing, Paint & Coatings
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Advance Paints Private Limited
Advance Paints Private Limited operates one associated brand: Advance Paints. These brands represent Advance Paints Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufactures industrial paints and coatings for oil, gas, defense, railway, and infrastructure applications. | advancepaints.com |
Competitors & Alternatives of Advance Paints Private Limited
Brands and companies operating in the same space as Advance Paints Private Limited include Asian Paints, Kansai Nerolac, Shalimar Paints and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Asian Paints
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Industrial and decorative paints are manufactured along with related solutions. | Mumbai, India, India | 1942 |
Kansai Nerolac
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Industrial and decorative paints are manufactured by Kansai Nerolac. | Mumbai, India, India | 1920 |
Shalimar Paints
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Protective coatings are manufactured for industrial applications in India. | Delhi, India, India | 1902 |
Mapei
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Chemical products including adhesives and sealants for construction are manufactured. | Milan, Italy, Italy | 1937 |
Bostik
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Industrial adhesives are manufactured by Bostik for diverse applications. | Paris, France, France | 1889 |
Grauer & Weil India
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Electroplating chemicals, paints, and equipment are manufactured by the company. | Mumbai, India, India | 1957 |
Wanhua Chemical Group
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Chemical products are manufactured and distributed by Wanhua Chemical Group. | Yantai, China, China | 1998 |
Pidilite
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Adhesives and sealants are manufactured by Pidilite in India. | Mumbai, India, India | 1959 |
Fosroc
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Adhesives, sealants, and chemicals for construction applications are manufactured. | Dubai, United Arab Emirates, United Arab Emirates | 1972 |
Business Activity of Advance Paints Private Limited
Advance Paints Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details for Advance Paints Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Advance Paints Private Limited
Advance Paints Private Limited is audited by A. W. KETKAR & CO. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A. W. KETKAR & CO. | Locked | Locked | Locked |
Complete auditor history for Advance Paints Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Advance Paints Private Limited
Advance Paints Private Limited is currently managed by 5 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshad Chhotalal Sheth | Director | 24 May 1973 | 53 Years 2 Months | Current |
| Mahendra Chhotalal Sheth | Director | 07 Mar 1986 | 40 Years 5 Months | Current |
| Renu Amit Parikh | Director | 01 Sep 2022 | 3 Years 11 Months | Current |
| Amit Hasmukhlal Parikh | Managing Director | 08 Feb 2023 | 3 Years 6 Months | Current |
| Dimple Rakesh Agrawal | Director | 28 Aug 2023 | 2 Years 11 Months | Current |
Financials of Advance Paints Private Limited FY 2025 filings available
Advance Paints Private Limited reported revenue of ₹39.78 Cr (down 15.00% YoY) for FY 2024.
Ten-year financial statements for Advance Paints Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Advance Paints Private Limited
Shareholding and ownership data for Advance Paints Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Advance Paints Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Nov 2020 | Hdfc Bank Limited | ₹15 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Advance Paints Private Limited
Advance Paints Private Limited has a workforce of 99 employees as of Oct 09, 2024.
Employee and EPFO history for Advance Paints Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Advance Paints Private Limited
GST registrations and filing compliance for Advance Paints Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Advance Paints Private Limited
Credit ratings, litigation, and regulatory alerts for Advance Paints Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Advance Paints Private Limited
MSME payment history for Advance Paints Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Advance Paints Private Limited
Corporate group structure for Advance Paints Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Advance Paints Private Limited
MCA filings and documents for Advance Paints Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Advance Paints Private Limited
Frequently Asked Questions about Advance Paints Private Limited
Advance Paints Private Limited is an active private limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 31 July 1941 (85+ years old) and is registered under CIN U24110MH1941PTC003381. The company has 99 employees.
Advance Paints Private Limited reported revenue of ₹39.78 Cr for FY 2024 (down 15.00% YoY).
The current directors of Advance Paints Private Limited are:
- Harshad Chhotalal Sheth - Director
- Mahendra Chhotalal Sheth - Director
- Renu Amit Parikh - Director
- Amit Hasmukhlal Parikh - Managing Director
- Dimple Rakesh Agrawal - Director
The primary industry of Advance Paints Private Limited is manufacturing. The company specifically operates in paint and coatings. The company is currently active in this sector.
Advance Paints Private Limited can be reached at the registered office: Advance House Plot No. A Makwana Road Ark Ind. Compound Marol Naka Andheri, E, Mumbai, Maharashtra, India – 400059, or through the website advancepaints.com.
The authorised capital is ₹9.5 Cr, and the paid-up capital is ₹1.5 Cr.