Advance Paints Private Limited - Company Profile

It is a manufacturing private limited company based in Mumbai, Maharashtra, India, established in 1941.
1941 Mumbai, Maharashtra, India Active
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About Advance Paints Private Limited

Advance Paints Private Limited, a active private limited company, was established on 31 July 1941 in Mumbai, Maharashtra, India. Engaging in paint & coatings within the manufacturing sector, it holds CIN: U24110MH1941PTC003381. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹9.50 Cr and a paid-up capital of ₹1.50 Cr.

Formerly known as Advance Paints Limited. It upholds a compliant status. Employing 99 professional, Its leadership includes Dimple Rakesh Agrawal (Director), Renu Amit Parikh (Director), Mahendra Chhotalal Sheth (Director). Past directors included Bakulesh Sheth Chhotalal, Renu Amit Parikh, Manish Narendra Sheth. It holds ₹15.00 Cr open charges and no settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Advance House, Plot No. A, Makwana Road, Ark Ind. Compound, Marol Naka, Andheri, (E),, Mumbai, Maharashtra, 400059.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U24110MH1941PTC003381

  • Registration Number

    003381

  • Incorporation Date

    31 July 1941

  • Authorized Capital

    ₹9.50 Cr

  • Paid-Up Capital

    ₹1.50 Cr

  • ROC Code

    Roc Mumbai I

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 9.50 Cr
  • Paid Up Capital ₹ 1.50 Cr
  • Company Age 84 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 15.00 Cr
  • Revenue Growth **** -10.72%
  • Profit Growth **** 143.85%
  • Ebitda **** 195.18%
  • Net Worth 223.02%
  • Total Assets -3.02%
Company report

Advance Paints Private Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Advance Paints Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Advance Paints Private Limited?
Current Directors
Name Designation Appointment Date Status
Dimple Rakesh Agrawal Director 28 Aug 2023 Current
Renu Amit Parikh Director 01 Sep 2022 Current
Mahendra Chhotalal Sheth Director 07 Mar 1986 Current
Harshad Chhotalal Sheth Managing Director 24 May 1973 Current
Amit Parikh Director 08 Feb 2023 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 17 Nov 2007 Past
Pramod Abcsdd Additional Director 01 Mar 2023 Past
Pramod Abcsdd Whole-Time Director 28 Aug 2023 Past
Pramod Abcsdd Additional Director 27 Aug 2023 Past

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Financial Performance of Advance Paints.

Advance Paints Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.72% decrease. The company also saw a substantial improvement in profitability, with a 143.85% increase in profit. The company's net worth Soared by an impressive increase of 223.02%.

Advance Paints revenue growth over time
Advance Paints profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -10.72%
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Revenue from Operations
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 -12.01%
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*******
*******
Total Assets
*******
 -3.02%
*******
*******
*******
*******
Profit or Loss
*******
 143.85%
*******
*******
*******
*******
Net Worth
*******
 223.02%
*******
*******
*******
*******
EBITDA
*******
 195.18%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Advance Paints?

In 2023, Advance Paints had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹150,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 15.00 Cr
Latest Charge Details
Date Lender Amount Status
20 Nov 2020 Hdfc Bank Limited ₹15.00 Cr Open

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How Many Employees Work at Advance Paints?

Advance Paints has a workforce of 99 employees as of Oct 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Advance Paints, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Advance Paints's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Advance Paints
Recent Activity within the Organization
  • Annual General Meeting

    The activity Advance Paints Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Advance Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was documented.

  • Director Appointment

    Progress on Dimple Rakesh Agrawal was appointed as a Director was appointed as a Director on 28 Aug 2023 & has been associated with this company since 2 years 10 months . was documented.

  • Director Appointment

    Amit Parikh was appointed as a Director was appointed as a Director on 08 Feb 2023 & has been associated with this company since 3 years 4 months . was recorded as a recent event.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 20 Nov 2020 with Charge ID 100393687 was modified on 04 Feb 2023. was recorded as a recent event.

  • Director Appointment

    Renu Amit Parikh was appointed as a Director was appointed as a Director on 01 Sep 2022 & has been associated with this company since 3 years 10 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Advance Paints Private Limited?

The CIN of Advance Paints Private Limited is U24110MH1941PTC003381.

Where is Advance Paints Private Limited headquartered?

Advance Paints Private Limited is headquartered at Advance House, Plot No. A, Makwana Road, Ark Ind. Compound, Marol Naka, Andheri, (E),, Mumbai, Maharashtra, 400059.

When was Advance Paints Private Limited incorporated?

Advance Paints Private Limited was incorporated on 31 July 1941.

Who are the current directors of Advance Paints Private Limited?

The current directors of Advance Paints Private Limited are

What is the primary industry of Advance Paints Private Limited?

The primary industry of Advance Paints Private Limited is Manufacturing.

Is Advance Paints Private Limited a listed company?

Advance Paints Private Limited is unlisted.

What is the capital structure of Advance Paints Private Limited?

The authorized capital of Advance Paints Private Limited is ₹9.50 Cr, and the paid-up capital is ₹1.50 Cr.

What is the compliance status of Advance Paints Private Limited?

The compliance status of Advance Paints Private Limited is Compliant.

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