MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-26-0000566
Agsar Paints Private Limited - manufacturing in Tuticorin, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹22 Cr
▼ 19% YoY
Net profit · FY 2025
₹15 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹2.4 Cr
EBITDA margin 10.9%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹7.45 Cr
Issued & subscribed
Open charges
₹28.87 Cr
Satisfied ₹45.81 Cr
Company age
52 yrs
Est. 1974
Employees · EPFO
145
Provident fund records
About Agsar Paints Private Limited
Data last updated:
Agsar Paints Private Limited is a private limited company based in Tuticorin, Tamil Nadu, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 18 January 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24222TN1974PTC006522. Its GSTIN is 33AABCA9257F1ZT (Tamil Nadu). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.45 Cr. It was formerly known as Agsar Chemicals Private Limited. It is led by directors Nelliappan Rajamanickam Kirubakaramoorthy (Managing Director) and Shankar Kirubakaramoorthy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 509 – A George Road Tuticorin – 3., Tamil Nadu, India – 600003.
As per the financials filed for FY 2025, the company reported a revenue of ₹22 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹15 Lakh (net margin 0.7%) and EBITDA of ₹2.4 Cr (EBITDA margin 10.9%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 16% over five years.
The company has about 145 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Agsar. As per MCA filings, the company has open charges of ₹28.87 Cr and satisfied charges of ₹45.81 Cr on record. Court records list 58 cases involving the company, including 48 filed by the company and 10 filed against it; 5 cases are pending.
Agsar Paints Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-26-0000566). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website agsar.com.
Company details
CIN U24222TN1974PTC006522
Registration Number 006522
Incorporation Date 18 January 1974
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-26-0000566
Key People
Nelliappan Rajamanickam Kirubakaramoorthy Managing Director Shankar Kirubakaramoorthy Director Recognitions & Rankings of Agsar Paints
Contact details
Agsar Paints Private Limited's registered office is in Tuticorin, Tamil Nadu. Its website is agsar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address509 – A George Road Tuticorin – 3., Tamil Nadu, India – 600003
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Agsar Paints Private Limited, buy the company report.
Comprehensive company report
Agsar Paints Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Agsar 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 Agsar Paints Private Limited, buy the company report.
Financials of Agsar Paints Private Limited
FY 2024 filings availableAgsar Paints Private Limited reported revenue of ₹22 Cr (down 19% YoY) for FY 2025.
Revenue · FY 2025
₹22 Cr ▼ 19%
Net profit · FY 2025
₹15 Lakh margin 0.7%
EBITDA · FY 2025
₹2.4 Cr margin 10.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 18%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 14%
5 years · compounded
▼ 10%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 19% fall in the latest year. EBITDA fell 32% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Agsar Paints Private Limited, buy the company report.
Board of directors of Agsar Paints Private Limited
Agsar Paints has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Kirubakaramoorthy | Director | 06 Jun 2016 | 10 Years 5 Months | Current |
| Nelliappan Rajamanickam Kirubakaramoorthy | Managing Director | 09 Oct 1975 | 51 Years 1 Months | Current |
Peer comparison
Agsar Paints Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Ankur Paints and Inks Private Limited | ₹22.58 Cr (FY 2025) | -9.0% | Bareilly, Uttar Pradesh, India | |||
| Research Dye Chem Private Limited | ₹22.44 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Alphagam Coating Solutions Private Limited | ₹22.27 Cr (FY 2025) | -6.0% | Bangalore, Karnataka, India | |||
| Agsar Paints Private Limitedthis company | ₹22 Cr (FY 2025) | ₹15 Lakh | 0.7% | -19.0% | 145 | Tuticorin, Tamil Nadu, India |
| Sushee Coatings Private Limited | ₹21.56 Cr (FY 2025) | 182.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Agsar Paints Private Limited, buy the company report.
Auditor
Agsar Paints Private Limited is audited by SHYLA AND CO CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHYLA AND CO CHARTERED ACCOUNTANTS | FY 2023 | 013702S |
Shareholding
The shareholding of Agsar Paints Private 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 Agsar Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28.87 Cr
Satisfied charges
₹45.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2025 | 101200035 | Hdfc Bank Limited | ₹81 Lakh | Open | |
| 17 Jan 2025 | 101036013 | Hdfc Bank Limited | ₹17.5 Lakh | Open | |
| 17 Jan 2025 | 101036065 | Hdfc Bank Limited | ₹17.5 Lakh | Open | |
| 31 Jul 2023 | 100756737 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 24 Jan 2023 | 100673563 | State Bank of India | ₹42 Lakh | Open |
To see the full charge records of Agsar Paints Private Limited, buy the company report.
Total charge records: 49 View all charges
Legal cases
Agsar Paints Private Limited has 58 court cases on record: 48 filed by Agsar Paints, 10 filed against it. 5 cases are pending and 53 are disposed.
Total cases
58
Filed by the company
48
Filed against the company
10
Pending
5
Disposed
53
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 9 | 3 |
| High courts | 7 | 1 | 2 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed by the company against an individual | Pending |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against The Union of India and 3 others | Pending |
| District court, Pathanamthitta, Kerala | Court case (OP(MV)) | Filed against the company | Pending |
| District court, Puducherry | Court case (IP) | Filed against the company by an individual | Disposed |
To see the full case history of Agsar Paints 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 Agsar Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Agsar Paints Private Limited has a workforce of 145 employees on its EPFO records as of Mar 29, 2024, across 6 active EPFO establishments.
Employee count
145
Active EPFO establishments
6
Employee growth
-12.12%
GST
Agsar Paints has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCA9257F1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 29AABCA9257F1ZI | Karnataka | Active | 01 Jul 2017 |
| 30AABCA9257F1ZZ | Goa | Active | 01 Jul 2017 |
| 32AABCA9257F1ZV | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Agsar Paints Private Limited, buy the company report.
Recent activity
Agsar Paints Private Limited has 9 board changes on record since 1975: 2 appointments and 7 cessations. The latest: Kirubakaramoorthy Gnanananda Giri ceased to be Director on 14 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.81 Cr with Charge ID 101200035 was registered on 28 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101036013 was registered on 17 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101036065 was registered on 17 Jan 2025.
Ceased
Kirubakaramoorthy Gnanananda Giri ceased to be Director.
AGM
Agsar Paints Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 2.85 Cr registered on 03 Jun 2022 with Charge ID 100585836 was modified on 09 May 2024.
Filing
Agsar Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100756737 was registered on 31 Jul 2023.
Charges
A charge with Others of Rs. 18.82 Cr registered on 30 Oct 2020 with Charge ID 100390593 was modified on 05 Apr 2023.
Charges
A charge registered on 04 Sep 2018 via Charge ID 100204057 with Others was fully satisfied on 24 Feb 2023.
Charges
A charge registered on 17 Mar 2018 via Charge ID 100188282 with Others was fully satisfied on 24 Feb 2023.
Charges
A charge registered on 30 Jan 2003 via Charge ID 90302226 with City Bank Na was fully satisfied on 24 Feb 2023.
90 earlier events are in the company report.
Frequently asked questions
Agsar Paints is an active private limited company based in Tuticorin, Tamil Nadu, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 18 January 1974 (52+ years old) and is registered under CIN U24222TN1974PTC006522.
Agsar Paints has 2 current directors:
- Nelliappan Rajamanickam Kirubakaramoorthy - Managing Director
- Shankar Kirubakaramoorthy - Director
The latest financial statements of Agsar Paints on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Agsar Paints is 33AABCA9257F1ZT, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 29AABCA9257F1ZI (Karnataka), 30AABCA9257F1ZZ (Goa), 32AABCA9257F1ZV (Kerala).
The CIN (Corporate Identification Number) of Agsar Paints is U24222TN1974PTC006522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agsar Paints has 58 court cases on record: 48 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Agsar Paints was incorporated on 18 January 1974, making it 52+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Agsar Paints by revenue are Ankur Paints and Inks Private Limited, Research Dye Chem Private Limited, Alphagam Coating Solutions Private Limited, Sushee Coatings Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Kirubakaramoorthy Gnanananda Giri ceased to be Director on 14 Dec 2024. Vijayasekaran Nellaiappan Rajamanickam Ariyamaan Raviraja ceased to be Director on 23 Apr 2022. Nelliappan Rajamanickam Vijayasekaran ceased to be Managing Director on 06 Dec 2019. Agsar Paints has 9 board changes on record in total.
Yes, Agsar Paints is registered as a small enterprise under Udyam registration (number: UDYAM-TN-26-0000566).
Agsar Paints can be reached through the website agsar.com. Its registered office is in Tuticorin, Tamil Nadu, India.
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