Asian Paints Industrial Coatings Limited - Company Profile

It is a manufacturing public limited company based in Mumbai, Maharashtra, India, established in 2001.

2001 Mumbai, Maharashtra, India Active

Last Updated: February 16, 2026

About Asian Paints Industrial Coatings Limited

Asian Paints Industrial Coatings Limited, a active public limited company, was established on 01 October 2001 in Mumbai, Maharashtra, India. Engaging in paint & coatings within the manufacturing sector, it holds CIN: U24220MH2001PLC133523. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹33.00 Cr and a paid-up capital of ₹30.45 Cr.

It upholds a compliant status. Employing 126 professional, Its leadership includes Sagar Shrikrishna Khade (Director), Hiral Jitendra Raja (Director), Venkateswaran Gopalan (Director). Past directors included Jeyamurugan Jeyapandiyan Ramalingam, Sagar Shrikrishna Khade, Hiral Jitendra Raja. It holds ₹7.35 Cr open charges and ₹7.35 Cr settled loans. Its latest AGM occurred on 16 June 2025, with the balance sheet filed on 31 March 2025. It is based at 6A & 6B, Shantinagar,, Mumbai, Maharashtra, 400055.

Company Details

CIN/LLPIN
U24220MH2001PLC133523
Registration Number
133523
Incorporation Date
01 October 2001
Authorized Capital
₹33.00 Cr
Paid-Up Capital
₹30.45 Cr
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 33.00 Cr as on 16-02-2026
Paid Up Capital ₹ 30.45 Cr as on 16-02-2026
Company Age 24 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 7.35 Cr as on 16-02-2026
Satisfied Charges ₹ 7.35 Cr as on 16-02-2026
Revenue Growth **** 16.57% (FY 2023)
Profit Growth **** -69.66% (FY 2023)
Ebitda **** -7.61% (FY 2023)
Net Worth 3.60% (FY 2023)
Total Assets **** 3.11% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Asian Paints Industrial Coatings 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 Asian Paints Industrial Coatings Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sagar Shrikrishna Khade	Director	24 Apr 2020	Current
Hiral Jitendra Raja	Director	24 Apr 2020	Current
Venkateswaran Gopalan	Director	27 Jul 2021	Current
Rajes Bardia	Director	27 Jul 2021	Current
Satyendra Kumar Patidar	Director	28 Jul 2021	Current
Anurag Sahai	Director	20 Aug 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	19 Jun 2014	Past
Pramod Abcsdd	Additional Director	21 Jul 2020	Past
Pramod Abcsdd	Additional Director	21 Jul 2020	Past
Pramod Abcsdd	Manager	-	Past
Pramod Abcsdd	Director	28 Jun 2007	Past
Pramod Abcsdd	Manager	-	Past

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Financial Performance of Asian Paints Industrial Coatings.

Asian Paints Industrial Coatings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.57% increase. The company also saw a substantial fall in profitability, with a 69.66% decrease in profit. The company's net worth moved up by a moderate rise of 3.6%.

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

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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

********

16.57%

*******

Revenue from Operations

*******

14.59%

*******

Total Assets

*******

3.11%

*******

Profit or Loss

*******

-69.66%

*******

Net Worth

*******

3.60%

*******

EBITDA

*******

-7.61%

*******

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What is the Ownership and Shareholding Structure of Asian Paints Industrial Coatings?

In 2023, Asian Paints Industrial Coatings 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)

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

₹73,500,000.00

Satisfied Charges

₹73,500,000.00

Charges Breakdown by Lending Institutions

State Bank Of India : 7.35 Cr

Latest Charge Details

Date	Lender	Amount	Status
25 Feb 2005	State Bank Of India	₹7.35 Cr	Open
25 Feb 2002	State Bank Of India	₹7.35 Cr	Satisfied

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How Many Employees Work at Asian Paints Industrial Coatings?

Asian Paints Industrial Coatings has a workforce of 126 employees as of Apr 05, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Asian Paints Industrial Coatings, 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 Asian Paints Industrial Coatings's trajectory.

Rating

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

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 Asian Paints Industrial Coatings

Recent Activity within the Organization

Annual General Meeting

Asian Paints Industrial Coatings Limited last Annual general meeting of members was held on 16 Jun 2025 as per latest MCA records. was recorded as a recent event.
16 Jun 2025
Balance Sheet

The activity Asian Paints Industrial Coatings Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was completed.
31 Mar 2025
Director Appointment

The activity Jay Rahul Shah was appointed as a Company Secretary was appointed as a Company Secretary on 17 Jan 2023 & has been associated with this company since 3 years 1 month . was completed.
17 Jan 2023
Director Appointment

The activity Anurag Sahai was appointed as a Director was appointed as a Director on 20 Aug 2022 & has been associated with this company since 3 years 6 months . was completed.
20 Aug 2022
Director Appointment

Progress on Satyendra Kumar Patidar was appointed as a Director was appointed as a Director on 28 Jul 2021 & has been associated with this company since 4 years 7 months . was documented.
28 Jul 2021
Director Appointment

The activity Venkateswaran Gopalan was appointed as a Director was appointed as a Director on 27 Jul 2021 & has been associated with this company since 4 years 7 months . was completed.
27 Jul 2021

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