MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0062979
Apollo Paints Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹91.26 Cr
▲ 14% YoY
Net profit · FY 2025
₹5.48 Cr
Net margin 6%
EBITDA · FY 2025
₹9.87 Cr
EBITDA margin 10.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.04 Cr
Issued & subscribed
Open charges
₹4.75 Cr
Satisfied ₹8.67 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
94
Provident fund records
About Apollo Paints Private Limited
Data last updated:
Apollo Paints Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 29 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1994PTC015435. Its GSTIN is 29AABCA1741Q1ZE (Karnataka). The company holds 12 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.04 Cr. It is led by directors Bhalchandra Madhavrao Baleri (Managing Director) and Pramod Bhalachandra Baleri.
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 Plot No 51 3rd Phasepeenya Industrial Area Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹91.26 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹5.48 Cr (net margin 6%) and EBITDA of ₹9.87 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
The company has about 94 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Apollo Paints. As per MCA filings, the company has open charges of ₹4.75 Cr and satisfied charges of ₹8.67 Cr on record. Court records list 18 cases involving the company, including 15 filed by the company and 3 filed against it; 5 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.26 Cr; the latest was in March 2014.
Apollo Paints Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0062979). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apollopaintsindia.com.
Company details
CIN U85110KA1994PTC015435
Registration Number 015435
Incorporation Date 29 March 1994
ROC Bangalore
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 Medium
Udyam Registration UDYAM-KR-03-0062979
CIN history
Apollo Paints has one previous CIN (Corporate Identification Number): U24222KA1994PTC015435. The current CIN is U85110KA1994PTC015435, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1994PTC015435 | Current |
| U24222KA1994PTC015435 | Previous |
Recognitions & Rankings of Apollo Paints
Contact details
Apollo Paints Private Limited's registered office is in Bangalore, Karnataka. Its website is apollopaintsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 51 3rd Phasepeenya Industrial Area Bangalore, Karnataka, India – 560058
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Apollo Paints Private Limited, buy the company report.
Comprehensive company report
Apollo 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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Brands
Apollo Paints operates one associated brand: Apollo Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces and sells eco-friendly paints for interior, exterior, and specialty uses. | apollopaintsindia.com |
Business activity
The main business activity of Apollo Paints is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Apollo Paints Private Limited, buy the company report.
Financials of Apollo Paints Private Limited
FY 2024 filings availableApollo Paints Private Limited reported revenue of ₹91.26 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹91.26 Cr ▲ 14%
Net profit · FY 2025
₹5.48 Cr margin 6%
EBITDA · FY 2025
₹9.87 Cr margin 10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 16%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 18%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 14% growth in the latest year. EBITDA rose 9% 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 |
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| EBITDA | ₹9.87 Cr | ||||
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| Net Profit (PAT) | ₹5.48 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Apollo Paints Private Limited, buy the company report.
Board of directors of Apollo Paints Private Limited
Apollo Paints has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Bhalachandra Baleri Also directs: Toyo Paints Private Limited | Director | 10 Jan 1997 | 29 Years 9 Months | Current |
| Bhalchandra Madhavrao Baleri Also directs: Toyo Paints Private Limited | Managing Director | 29 Mar 1994 | 32 Years 6 Months | Current |
Auditor
Apollo Paints Private Limited is audited by H.P. PAI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.P. PAI & ASSOCIATES | FY 2023 | 008884S |
Shareholding
The shareholding of Apollo 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 Apollo Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.75 Cr
Satisfied charges
₹8.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2017 | 100153144 | State Bank of India | ₹4.75 Cr | Open | |
| 25 Jul 2015 | 10595253 | State Bank of India | ₹4.75 Cr | Satisfied | |
| 28 Aug 2003 | 90199654 | Canara Bank | ₹5 Lakh | Satisfied | |
| 04 Aug 2003 | 90199646 | Canara Bank | ₹5 Lakh | Satisfied | |
| 21 Sep 1995 | 90196913 | State Bank of India | ₹3 Lakh | Satisfied |
To see the full charge records of Apollo Paints Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Apollo Paints Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.26 Cr; the latest was in March 2014.
Total deals
4
Funding rounds
3
Secondary share transfer
1
Disclosed funding
₹2.26 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹1.56 Cr | Investors: 2 individuals |
| Mar 2011 | Funding round | ₹50 Lakh | Investors: 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2008 | Funding round | ₹20 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Apollo Paints Private Limited has 18 court cases on record: 15 filed by Apollo Paints, 3 filed against it. 5 cases are pending and 13 are disposed.
Total cases
18
Filed by the company
15
Filed against the company
3
Pending
5
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 1 | 4 |
| High courts | 4 | 2 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (C.O. (COMM.IPD-TM)) | Filed by the company against an individual | Pending |
To see the full case history of Apollo 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 Apollo Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Apollo Paints has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Toyo Paints Private Limited | U24222KA1995PTC019002 |
To see the full group structure of Apollo Paints Private Limited, buy the company report.
Employees & EPFO
Apollo Paints Private Limited has a workforce of 94 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
94
Active EPFO establishments
1
Employee growth
27.03%
GST
Apollo Paints has 12 GST registrations: 8 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
8
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCA1741Q1ZE | Karnataka | Active | 01 Jul 2017 |
| 19AABCA1741Q1ZF | West Bengal | Active | 01 Jul 2017 |
| 21AABCA1741Q1ZU | Odisha | Active | 01 Jul 2017 |
| 24AABCA1741Q1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Apollo Paints Private Limited, buy the company report.
Recent activity
Apollo Paints Private Limited has 2 board changes on record since 1994: 2 appointments. The latest: Pramod Bhalachandra Baleri was appointed as Director on 10 Jan 1997.
Charges
A charge registered on 28 Aug 2003 via Charge ID 90199654 with Canara Bank was fully satisfied on 19 Sep 2025.
Charges
A charge registered on 04 Aug 2003 via Charge ID 90199646 with Canara Bank was fully satisfied on 19 Sep 2025.
AGM
Apollo Paints Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Apollo Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 4.75 Cr registered on 20 Nov 2017 with Charge ID 100153144 was modified on 27 Feb 2024.
Charges
A charge registered on 25 Jul 2015 via Charge ID 10595253 with State Bank Of India was fully satisfied on 11 Jan 2018.
Charges
A charge with State Bank Of India amounted to Rs. 4.75 Cr with Charge ID 100153144 was registered on 20 Nov 2017.
Charges
A charge with State Bank Of India of Rs. 4.75 Cr registered on 25 Jul 2015 with Charge ID 10595253 was modified on 06 Oct 2016.
Charges
A charge registered on 21 Sep 1995 via Charge ID 90196913 with State Bank Of India was fully satisfied on 06 Jan 2016.
Charges
A charge registered on 21 Sep 1995 via Charge ID 90200031 with State Bank Of India was fully satisfied on 06 Jan 2016.
Charges
A charge registered on 30 Jun 1994 via Charge ID 90196739 with State Bank Of India was fully satisfied on 06 Jan 2016.
Charges
A charge registered on 08 Jun 1994 via Charge ID 90199941 with State Bank Of India was fully satisfied on 06 Jan 2016.
16 earlier events are in the company report.
Frequently asked questions
Apollo Paints is an active private limited company based in Bangalore, Karnataka, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 29 March 1994 (32+ years old) and is registered under CIN U85110KA1994PTC015435.
Apollo Paints has 2 current directors:
- Bhalchandra Madhavrao Baleri - Managing Director
- Pramod Bhalachandra Baleri - Director
The latest financial statements of Apollo 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 Apollo Paints is 29AABCA1741Q1ZE, registered in Karnataka. The company has 12 GST registrations in all, of which 8 are active and 4 are cancelled or inactive. Other active GSTINs include 19AABCA1741Q1ZF (West Bengal), 21AABCA1741Q1ZU (Odisha), 24AABCA1741Q1ZO (Gujarat).
The CIN (Corporate Identification Number) of Apollo Paints is U85110KA1994PTC015435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apollo Paints has 18 court cases on record: 15 filed by the company and 3 filed against it. 5 are pending. Most are in the district courts.
Apollo Paints was incorporated on 29 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
Apollo Paints has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.26 Cr; the latest was in March 2014.
Pramod Bhalachandra Baleri was appointed as Director on 10 Jan 1997. Bhalchandra Madhavrao Baleri was appointed as Managing Director on 29 Mar 1994.
Yes, Apollo Paints is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0062979).