About Asian Paints PPG Private Limited
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Asian Paints PPG 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 05 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH2011PTC220557. Its GSTIN is 27AAJCA7128D1ZS (Maharashtra). The company holds 32 GST registrations, of which 24 are active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.49 Cr. It was formerly known as Asian Paints Ppg Limited. It is led by directors including Man Wai Siu and Jeyamurugan Jeyapandiyan Ramalingam.
Its last annual general meeting (AGM) was held on 22 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,346.25 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹78.29 Cr (net margin 5.8%) and EBITDA of ₹120.15 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 21% over five years.
The company has about 241 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Asian Paints PPG. As per MCA filings, the company has open charges of ₹70 Cr on record. Court records list 41 cases involving the company, including 33 filed by the company and 8 filed against it; 6 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹32 Cr; the latest was in April 2013. The company has 34 MSME Form 1 returns on record between 2017 and 2024, listing 4,594 overdue payments to 222 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asianpaintsppg.com.
Company details
CIN history
Asian Paints PPG has one previous CIN (Corporate Identification Number): U24110MH2011PLC220557. The current CIN is U24110MH2011PTC220557, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110MH2011PTC220557 | Current |
| U24110MH2011PLC220557 | Previous |
Contact details
Asian Paints PPG Private Limited's registered office is in Mumbai, Maharashtra. Its website is asianpaintsppg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 5 Gaiwadi Industrial Estate, Sv Road, Mumbai, Maharashtra, India – 400062
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Asian Paints PPG Private Limited, 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
Brands
Asian Paints PPG operates one associated brand: Asian Paints PPG. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of protective, powder, and traffic coatings in industrial sectors. | asianpaintsppg.com |
Business activity
The main business activity of Asian Paints PPG is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Asian Paints PPG Private Limited, buy the company report.
Financials of Asian Paints PPG Private Limited
FY 2026 filings availableAsian Paints PPG Private Limited reported revenue of ₹1,346.25 Cr (up 12% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 12% growth in the latest year. EBITDA rose 5% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,346.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹120.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹78.29 Cr | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.9% | ||||
| Net Profit Margin | 5.8% | ||||
| 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 Asian Paints PPG Private Limited, buy the company report.
Board of directors of Asian Paints PPG Private Limited
Asian Paints PPG has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Man Wai Siu Also directs: PPG Asian Paints Private Limited | Nominee Director | 22 Jul 2020 | 6 Years 3 Months | Current |
| Jeyamurugan Jeyapandiyan Ramalingam Also directs: PPG Asian Paints Private Limited | Nominee Director | 27 Nov 2019 | 6 Years 11 Months | Current |
| Rahul Bhatnagar | Nominee Director | 15 Jul 2022 | 4 Years 3 Months | Current |
| Amy Roberta Ericson | Nominee Director | 28 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Asian Paints PPG Private Limited is audited by Deloitte Haskins & Sells Llp for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells Llp | FY 2026 | 117366W/W-100018 |
Shareholding
The shareholding of Asian Paints PPG Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asian Paints PPG Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2012 | 10391357 | Hdfc Bank Limited | ₹70 Cr | Open |
To see the full charge records of Asian Paints PPG Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Asian Paints PPG Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹32 Cr; the latest was in April 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2013 | Funding round | ₹32 Cr | Investors: Ppg Industries Securities Llc, Asian Paints Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asian Paints PPG Private Limited has 41 court cases on record: 33 filed by Asian Paints PPG, 8 filed against it. 6 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 2 | 5 |
| High courts | 19 | 6 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Surface Care Technologist Pvt. Ltd. and 2 others | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Movin Express Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Dhanashri Tooling Systems Pvt. Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Surface Care Technologist Pvt. Ltd. | Disposed |
| High Court, TELANGANA | Company petition | Filed by the company against Khaitan Electricals Limited, | Disposed |
To see the full case history of Asian Paints PPG 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
Asian Paints PPG Private Limited has 34 MSME Form 1 returns on record between 2017 and 2024, listing 4,594 overdue payments to 222 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 222)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Techno Tronics | |||
| an individual supplier | |||
| Navata Supply Chain Solutions Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Asian Paints PPG Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asian Paints PPG Private Limited has a workforce of 241 employees on its EPFO records as of Apr 11, 2024, across 1 active EPFO establishment.
GST
Asian Paints PPG has 32 GST registrations: 24 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCA7128D1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AAJCA7128D2ZR | Maharashtra | Active | 16 Jul 2017 |
| 02AAJCA7128D2Z3 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAJCA7128D1Z2 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asian Paints PPG Private Limited, buy the company report.
Recent activity
Asian Paints PPG Private Limited has 26 board changes on record since 2012: 4 appointments and 22 cessations. The latest: Amy Roberta Ericson was appointed as Nominee Director on 28 Feb 2025.
19 earlier events are in the company report.
Frequently asked questions
Asian Paints PPG 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 05 August 2011 (15+ years old) and is registered under CIN U24110MH2011PTC220557.
Asian Paints PPG has 4 current directors:
- Man Wai Siu - Nominee Director
- Jeyamurugan Jeyapandiyan Ramalingam - Nominee Director
- Rahul Bhatnagar - Nominee Director
- Amy Roberta Ericson - Nominee Director
The latest financial statements of Asian Paints PPG on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 May 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Asian Paints PPG is 27AAJCA7128D1ZS, registered in Maharashtra. The company has 32 GST registrations in all, of which 24 are active and 8 are cancelled or inactive. Other active GSTINs include 27AAJCA7128D2ZR (Maharashtra), 02AAJCA7128D2Z3 (Himachal Pradesh), 03AAJCA7128D1Z2 (Punjab).
The CIN (Corporate Identification Number) of Asian Paints PPG is U24110MH2011PTC220557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asian Paints PPG has 41 court cases on record: 33 filed by the company and 8 filed against it. 6 are pending. Most are in the district courts.
Asian Paints PPG was incorporated on 05 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Asian Paints PPG has 1 deal on record (1 funding round), with disclosed funding of ₹32 Cr; the latest was in April 2013.
Amy Roberta Ericson was appointed as Nominee Director on 28 Feb 2025. Kevin Donald Braun ceased to be Nominee Director on 28 Feb 2025. Rebecca Burchett Liebert ceased to be Nominee Director on 16 Sep 2022. Asian Paints PPG has 26 board changes on record in total.
Asian Paints PPG has 34 MSME Form 1 returns on record between 2017 and 2024, listing 4,594 overdue payments to 222 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Asian Paints PPG can be reached through the website asianpaintsppg.com. Its registered office is in Mumbai, Maharashtra, India.
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