About Axalta Coating Systems India Private Limited
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Axalta Coating Systems India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Axalta Coating Systems Singap. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 13 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24200DL2012PTC232798. Its GSTIN is 07AAECD2713N3ZK (Delhi). The company holds 15 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹6.25 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Dupont Performance Coatings India Private Limited and Dupont Performance Chemicals India Private Limited. It is led by directors including Lokender Pal Singh (Whole-Time Director) and Santosh Ramakant Tipnis.
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 501 & 502 5th Floor Eros Corporate Tower, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,097.81 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹79.43 Cr (net margin 7.2%) and EBITDA of ₹150 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 16% over five years.
The company is associated with 1 brand: Axelta. Court records list 87 cases involving the company, including 82 filed by the company and 5 filed against it; 18 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹177.35 Cr; the latest was in March 2013. Its 8 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Indigo Paints Limited with revenue of ₹1,359.17 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 4,160 overdue payments to 131 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 axaltacoatingsystems.com.
Company details
Name history
Axalta Coating Systems India has undergone 2 name changes throughout its history. The company was previously known as Dupont Performance Coatings India Private Limited, and Dupont Performance Chemicals India Private Limited. The current legal name is Axalta Coating Systems India Private Limited.
| Company Name | Status |
|---|---|
| Axalta Coating Systems India Private Limited | Current |
| Dupont Performance Coatings India Private Limited | Previous |
| Dupont Performance Chemicals India Private Limited | Previous |
Contact details
Axalta Coating Systems India Private Limited's registered office is in New Delhi, Delhi. Its website is axaltacoatingsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address501 & 502 5th Floor Eros Corporate Tower, New Delhi, Delhi, India – 110019
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Axalta Coating Systems India 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
Axalta Coating Systems India operates one associated brand: Axelta. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers end-to-end IoT-based software platforms and hardware solutions for businesses. | axelta.com |
Business activity
The main business activity of Axalta Coating Systems India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Axalta Coating Systems India Private Limited, buy the company report.
Financials of Axalta Coating Systems India Private Limited
FY 2025 filings availableAxalta Coating Systems India Private Limited reported revenue of ₹1,097.81 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 8% growth in the latest year. EBITDA rose 12% 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 | ₹150 Cr | ||||
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| Net Profit (PAT) | ₹79.43 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 | 13.7% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Axalta Coating Systems India Private Limited, buy the company report.
Board of directors of Axalta Coating Systems India Private Limited
Axalta Coating Systems India has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Ramakant Tipnis | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Rajeev Kochar | Additional Director | 12 Feb 2025 | 1 Years 8 Months | Current |
| Lokender Pal Singh | Whole-Time Director | 12 Feb 2014 | 12 Years 8 Months | Current |
Peer comparison
Axalta Coating Systems India Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indigo Paints Limited | ₹1,359.17 Cr (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Nippon Paint (India) Private Limited | ₹1,265.99 Cr (FY 2021) | -1.0% | Sunguvarchatiram, Tamil Nadu, India | |||
| Asian Paints PPG Private Limited | ₹1,199.16 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Grauer and Weil (India) Limited | ₹1,180.04 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Axalta Coating Systems India Private Limitedthis company | ₹1,097.81 Cr (FY 2025) | ₹79.43 Cr | 7.2% | 8.0% | New Delhi, Delhi, India | |
| Jotun India Private Limited | ₹1,078.74 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Esdee Paints Limited | ₹1,041.23 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Shalimar Paints Ltd | ₹608.9 Cr (FY 2025) | 12.0% | Gurugram, Haryana, India | |||
| Sheenlac Paints Limited | ₹559.52 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Axalta Coating Systems India Private Limited, buy the company report.
Auditor
Axalta Coating Systems India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Axalta Coating Systems India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Axalta Coating Systems India Private Limited, buy the company report.
Deals & funding
Axalta Coating Systems India Private Limited has 4 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹177.35 Cr; the latest was in March 2013.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Axalta Coating Systems Singapore Private Limited, Axalta Coating Systems Singapore Private Limited & Manoj Kumar Seller: Dupont Performance Coatings Singapore Holdings Private Limited, E I Dupont India Private Limited & Manoj Kumar |
| Dec 2012 | Funding round | ₹28.5 Cr | Investors: Dupont Performance Coatings Singapore Holdings Private Limited |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: Axalta Coating Systems Singapore Private Limited Seller: Corteva Agriscience India Private Limited |
To see the full deal history of Axalta Coating Systems India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Axalta Coating Systems India Private Limited has 87 court cases on record: 82 filed by Axalta Coating Systems India, 5 filed against it. 18 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 1 | 0 |
| District courts | 30 | 3 | 17 |
| NCLAT | 3 | 0 | 0 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against M/S VD Automobiles LLP | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed against the company by Mydsm Global Services Private Limited and 1 other | Pending |
| District court, Chandigarh | Execution petition | Filed by the company against M/S Steel City Properties Pvt. Ltd. | Pending |
| District court, Chandigarh | Execution petition | Filed by the company against M/S Abhishek Motors Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against JMD Auto India Private Limited | Pending |
To see the full case history of Axalta Coating Systems India 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
Axalta Coating Systems India Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 4,160 overdue payments to 131 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 131)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bharat Tin Works | |||
| an individual supplier | |||
| Aashish Coating Technologies Private Limited | |||
| Chowgule Warehousing & Logistics Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Axalta Coating Systems India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Axalta Coating Systems India has 15 GST registrations: 9 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECD2713N3ZK | Delhi | Active | 03 Feb 2020 |
| 06AAECD2713N3ZM | Haryana | Active | 01 Jul 2017 |
| 19AAECD2713N1ZH | West Bengal | Active | 01 Jul 2017 |
| 24AAECD2713N1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Axalta Coating Systems India Private Limited, buy the company report.
Recent activity
Axalta Coating Systems India Private Limited has 16 board changes on record since 2013: 3 appointments and 13 cessations. The latest: Rajeev Kochar was appointed as Additional Director on 12 Feb 2025.
7 earlier events are in the company report.
Frequently asked questions
Axalta Coating Systems India is an active private limited company based in New Delhi, Delhi, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 13 March 2012 (14+ years old) and is registered under CIN U24200DL2012PTC232798.
Axalta Coating Systems India has 3 current directors:
- Lokender Pal Singh - Whole-Time Director
- Santosh Ramakant Tipnis - Director
- Rajeev Kochar - Additional Director
The latest financial statements of Axalta Coating Systems India 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.
The GSTIN of Axalta Coating Systems India is 07AAECD2713N3ZK, registered in Delhi. The company has 15 GST registrations in all, of which 9 are active and 6 are cancelled or inactive. Other active GSTINs include 06AAECD2713N3ZM (Haryana), 19AAECD2713N1ZH (West Bengal), 24AAECD2713N1ZQ (Gujarat).
The CIN (Corporate Identification Number) of Axalta Coating Systems India is U24200DL2012PTC232798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axalta Coating Systems India has 87 court cases on record: 82 filed by the company and 5 filed against it. 18 are pending. Most are in the high courts.
Axalta Coating Systems India was incorporated on 13 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Axalta Coating Systems India has 4 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹177.35 Cr; the latest was in March 2013.
The peers of Axalta Coating Systems India by revenue are Indigo Paints Limited, Nippon Paint (India) Private Limited, Asian Paints PPG Private Limited, Grauer and Weil (India) Limited, Jotun India Private Limited and 3 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Rajeev Kochar was appointed as Additional Director on 12 Feb 2025. Santosh Ramakant Tipnis ceased to be Additional Director on 31 Oct 2022. Subramaniam Shankar ceased to be Additional Director on 31 Oct 2022. Axalta Coating Systems India has 16 board changes on record in total.
Axalta Coating Systems India has 15 MSME Form 1 returns on record between 2019 and 2024, listing 4,160 overdue payments to 131 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Axalta Coating Systems India can be reached through the website axaltacoatingsystems.com. Its registered office is in New Delhi, Delhi, India.