Advance Paints Private Limited logo

Advance Paints Private Limited

Manufacturer of a wide range of paints and coatings for various industries and clients.
1941 | Mumbai, Maharashtra (India) | Active

Last Updated:

October 09, 2024
HomeCompanyAdvance Paints Private Limited

Who are the key members and board of directors at Advance Paints?

Executive Team (1)

NameDesignationAppointment DateStatus
Harshad Sheth InManaging Director24-May-1973Current

Board Members(4)

NameDesignationAppointment DateStatus
Mahendra Sheth In Director 07-Mar-1986Current
Renu Parikh In Director 01-Sep-2022Current
Amit Parikh In Director 08-Feb-2023Current
Dimple Agrawal In Director 28-Aug-2023Current

Financial Performance and Corporate Structure Insights 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%.

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

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges

₹15.00 Cr

LenderAmountStatus

Hdfc Bank Limited

Creation Date: 20 Nov 2020
₹15.00 CrOpen

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.

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Latest Updates, News, and FAQs on Advance Paints

Recent activity within the organization

  • Annual General Meeting

    Advance Paints Private Limited last Annual general meeting of members was held on 28 Aug 2023 as per latest MCA records.

    28 Aug 2023

  • Director Appointment

    Dimple Rakesh Agrawal was appointed as a Director was appointed as a Director on 28 Aug 2023 & has been associated with this company since 1 year 2 months .

    28 Aug 2023

  • Balance Sheet

    Advance Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • 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 1 year 8 months .

    08 Feb 2023

  • 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.

    04 Feb 2023

  • 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 2 years 2 months .

    01 Sep 2022

Frequently asked questions

  • Advance Paints Private Limited was incorporated on 31 Jul 1941.

  • The authorized share capital of Advance Paints Private Limited is ₹ 9.50 Cr and paid-up capital is ₹ 0.67 Cr.

  • Currently 5 directors are associated with Advance Paints Private Limited.

    • Harshad Chhotalal Sheth
    • Mahendra Chhotalal Sheth
    • Renu Amit Parikh
    • Amit Parikh
    • Dimple Rakesh Agrawal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Advance Paints Private Limited is Advance House Plot No. A Makwana Road Ark Ind. Compound Marol Naka Andheri, (E), Mumbai, Maharashtra, India, 400059.

  • The corporate identification number (CIN) of Advance Paints Private Limited is U24110MH1941PTC003381 and the company number is 003381 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Advance Paints Private Limited is https://www.advancepaints.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Advance Paints Private Limited has fallen by -10.72%.

  • As Per 2023 financial reports, 99 employees are currently employed by Advance Paints Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Advance Paints Private Limited has experienced an upsurge of 223.02%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Advance Paints Private Limited amount to ₹ 15.00 Cr.

  • The most recent Balance Sheet for Advance Paints Private Limited was filed with the ROC on 31 Mar 2023.

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