Ascon Paints Pvt Ltd
About Ascon Paints Pvt Ltd
Data last updated:
Ascon Paints Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 16 October 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1986PTC041258. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹2.8 Lakh. It is led by directors including Jitesh Maganlal Naik and Balvant J Khorasia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 30 – 26/Hill Rockco – Op.Hsg.So.Amboli Off Veera Desai Rd., Mumbai, Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.79 Lakh. For the same year it recorded a net profit of ₹7.57 Lakh (net margin 24.6%) and EBITDA of ₹7.58 Lakh (EBITDA margin 24.6%).
Court records list 10 cases involving the company, including 1 filed by the company and 9 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Ascon Paints Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address30 – 26/Hill Rockco – Op.Hsg.So.Amboli Off Veera Desai Rd., Mumbai, Maharashtra, India
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Ascon Paints Pvt Ltd, buy the company report.
- 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
Business activity
The main business activity of Ascon Paints is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Ascon Paints Pvt Ltd, buy the company report.
Financials of Ascon Paints Pvt Ltd
FY 2025 filings availableAscon Paints Pvt Ltd reported revenue of ₹30.79 Lakh for FY 2025.
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 | ₹7.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.57 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 | 24.6% | ||||
| Net Profit Margin | 24.6% | ||||
| 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 Ascon Paints Pvt Ltd, buy the company report.
Board of directors of Ascon Paints Pvt Ltd
Ascon Paints has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitesh Maganlal Naik | Director | 16 Oct 1986 | 40 Years 0 Months | Current |
| Balvant J Khorasia | Director | 25 Nov 2008 | 17 Years 10 Months | Current |
| Subhak Jamnadas Mapara | Director | 25 Nov 2008 | 17 Years 10 Months | Current |
| Veena Jitesh Naik | Director | 16 Oct 1986 | 40 Years 0 Months | Current |
Auditor
Ascon Paints Pvt Ltd is audited by V R S K & CO LLP (Formerly known as V R S K & CO) for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V R S K & CO LLP (Formerly known as V R S K & CO) | FY 2024 | 111426W |
Shareholding
The shareholding of Ascon Paints Pvt Ltd is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ascon Paints Pvt Ltd, buy the company report.
Legal cases
Ascon Paints Pvt Ltd has 10 court cases on record: 1 filed by Ascon Paints, 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
| High courts | 5 | 4 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Ms. Emerald Alchymicus Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Registrar of Companies | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Ms Ganesh Anhydride Ltd | Disposed |
| Bombay High Court | Court case (APPLN) | Filed against the company by Hardcastle and Waud Mfg. Company Ltd | Disposed |
| Bombay High Court | Court case (APPLN) | Filed against the company by Hardcastle and Waud Mfg. Co. Ltd. | Disposed |
To see the full case history of Ascon Paints Pvt Ltd, 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 Ascon Paints Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascon Paints has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ascon Paints Pvt Ltd, buy the company report.
Recent activity
Ascon Paints Pvt Ltd has 4 board changes on record since 1986: 4 appointments. The latest: Balvant J Khorasia was appointed as Director on 25 Nov 2008.
Frequently asked questions
Ascon Paints is an active private limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 16 October 1986 (40+ years old) and is registered under CIN U99999MH1986PTC041258.
Ascon Paints has 4 current directors:
- Jitesh Maganlal Naik - Director
- Balvant J Khorasia - Director
- Subhak Jamnadas Mapara - Director
- Veena Jitesh Naik - Director
The latest financial statements of Ascon Paints on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Ascon Paints has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ascon Paints is U99999MH1986PTC041258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascon Paints has 10 court cases on record: 1 filed by the company and 9 filed against it. Most are in the district courts.
Ascon Paints was incorporated on 16 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Balvant J Khorasia was appointed as Director on 25 Nov 2008. Subhak Jamnadas Mapara was appointed as Director on 25 Nov 2008. Jitesh Maganlal Naik was appointed as Director on 16 Oct 1986. Ascon Paints has 4 board changes on record in total.
The registered office of Ascon Paints is at 30 – 26Hill Rockco – Op.Hsg.So.Amboli Off Veera Desai Rd., Mumbai, Maharashtra, India.
Ascon Paints operates in the manufacturing industry, in the paint and coatings segment.