About Asian Paints (Polymers) Private Limited
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Asian Paints (Polymers) Private Limited 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 11 January 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24222MH2023PTC397471. Its GSTIN is 27AAYCA2260M1Z3 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1,300 Cr and a paid-up capital of ₹900 Cr. It is led by directors including Savitha Shivsankar and Sameer Vijay Salvi.
Its last annual general meeting (AGM) was held on 09 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6A & 6B Shantinagar, Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.05 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹3.19 Cr (net margin 63.2%) and EBITDA of ₹4.42 Cr (EBITDA margin 87.6%).
As per MCA filings, the company has open charges of ₹1,242 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asianpaints.com.
Company details
Contact details
Asian Paints (Polymers) Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Apps
- Registered Address6A & 6B Shantinagar, Mumbai, Maharashtra, India – 400055
- IndustryManufacturing, Paint & Coatings
- 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
Financials of Asian Paints (Polymers) Private Limited
FY 2025 filings availableAsian Paints (Polymers) Private Limited reported revenue of ₹5.05 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year. EBITDA rose 87% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | ₹4.42 Cr | ||
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| Net Profit (PAT) | ₹3.19 Cr | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| EBITDA Margin | 87.6% | ||
| Net Profit Margin | 63.2% | ||
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To see the full financial statements and ratios of Asian Paints (Polymers) Private Limited, buy the company report.
Board of directors of Asian Paints (Polymers) Private Limited
Asian Paints (Polymers) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savitha Shivsankar | Director | 11 Jan 2023 | 3 Years 9 Months | Current |
| Sameer Vijay Salvi | Director | 11 Jan 2023 | 3 Years 9 Months | Current |
| Rajeev Kumar Goel | Director | 11 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Asian Paints (Polymers) Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raksha Sales Pvt Ltd | ₹5.18 Cr (FY 2024) | 39.0% | Bhopal, Madhya Pradesh, India | |||
| New V.V.B. Jothiprakasam Paints Private Limited | ₹5.14 Cr (FY 2024) | -11.0% | Madurai, Tamil Nadu, India | |||
| Protective Paints Private Limited | ₹5.1 Cr (FY 2025) | 12.0% | Vadodara, Gujarat, India | |||
| Latern Innovative Engineering Private Limited | ₹5.07 Cr (FY 2024) | 202.0% | Chennai, Tamil Nadu, India | |||
| Pavan Finechem Private Limited | ₹5.05 Cr (FY 2025) | 44.0% | Bamanbor, Gujarat, India | |||
| Asian Paints (Polymers) Private Limitedthis company | ₹5.05 Cr (FY 2025) | ₹3.19 Cr | 63.2% | -11.0% | Mumbai, Maharashtra, India | |
| Chowgule Abp Coatings (India) Private Limited | ₹5.04 Cr (FY 2025) | 56.0% | Vasco Da Gama, Goa, India | |||
| Lincoln Overseas Private Limited | ₹5.02 Cr (FY 2024) | 250.0% | Jaipur, Rajasthan, India | |||
| Lush Surfacoats Private Limited | ₹5 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India | |||
| Kohinoor Duron Paints Private Limited | ₹5 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Muralo Chemicals and Paints Private Limited | ₹4.99 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Asian Paints (Polymers) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2026 | 101244688 | Others | ₹1,242 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Asian Paints (Polymers) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asian Paints (Polymers) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Asian Paints (Polymers) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAYCA2260M1Z3 | Maharashtra | Active | 11 Jan 2023 |
| 27AAYCA2260M2Z2 | Maharashtra | Active | 02 Aug 2024 |
| 24AAYCA2260M1Z9 | Gujarat | Active | 23 Jan 2023 |
To see the full GST registrations and return filing status of Asian Paints (Polymers) Private Limited, buy the company report.
Recent activity
Asian Paints (Polymers) Private Limited has 3 board changes on record since 2023: 3 appointments. The latest: Rajeev Kumar Goel was appointed as Director on 11 Jan 2023.
News
Frequently asked questions
Asian Paints (Polymers) 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 11 January 2023 (3+ years old) and is registered under CIN U24222MH2023PTC397471.
Asian Paints (Polymers) has 3 current directors:
- Savitha Shivsankar - Director
- Sameer Vijay Salvi - Director
- Rajeev Kumar Goel - Director
The latest financial statements of Asian Paints (Polymers) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 June 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Asian Paints (Polymers) is 27AAYCA2260M1Z3, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAYCA2260M2Z2 (Maharashtra), 24AAYCA2260M1Z9 (Gujarat).
The CIN (Corporate Identification Number) of Asian Paints (Polymers) is U24222MH2023PTC397471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asian Paints (Polymers) was incorporated on 11 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Asian Paints (Polymers) by revenue are Raksha Sales Pvt Ltd, New V.V.B. Jothiprakasam Paints Private Limited, Protective Paints Private Limited, Latern Innovative Engineering Private Limited, Pavan Finechem Private Limited and 5 more, all in the Manufacturing industry (Paints).
Rajeev Kumar Goel was appointed as Director on 11 Jan 2023. Sameer Vijay Salvi was appointed as Director on 11 Jan 2023. Savitha Shivsankar was appointed as Director on 11 Jan 2023.
Asian Paints (Polymers) can be reached through the website asianpaints.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Asian Paints (Polymers) is at 6A & 6B Shantinagar, Mumbai, Maharashtra, India – 400055.
Asian Paints (Polymers) operates in the manufacturing industry, in the paint and coatings segment.