About Advance Paints
Advance Paints is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 1945 by Chhotalal Sheth. It manufactures industrial paints and coatings for oil, gas, defense, railway, and infrastructure applications. It operates on a B2B model in Transportation, Automotive & Logistics, Consumer, and Industrial Goods & Manufacturing sectors. The company has 99 employees. Its Indian entity Advance Paints Private Limited reported revenue of ₹39.78 Cr. Advance Paints offers products and services including Advamastic 1280 HB, Advothane 3345, Advoguard 3360 HB PDE, Advotherm 3160, and Galozinc 1185. Its focus areas include Transportation, Infrastructure, Railway and Coatings. Similar companies include Asian Paints, Kansai Nerolac and Pidilite.
Company details
Advance Paints, established in 1945 in Mumbai, India, manufactures a range of industrial paints and coatings, including primers, intermediate coatings, and top coats. The company serves sectors such as oil and gas, defense, and transportation through a network of branches across India. It focuses on high-performance solutions via research and development, supplying products to clients in various industries while maintaining a pan-India presence for support.
- Headquarters Mumbai, India
- Employees 99
- Founders Chhotalal Sheth
- SectorsTransportation, Automotive & LogisticsConsumer Industrial Goods & Manufacturing
- Website advancepaints.com
- Social LinkedIn Facebook
- Legal Name Advance Paints Private Limited
- Date of Incorporation 31 Jul, 1941
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹39.78 Cr
FY 2024 · -15% YoY
- Net Profit₹1.16 Cr
FY 2024 · 3% margin
- EBITDA₹3.43 Cr
FY 2024 · 9% margin
- Employee Count99
Associated legal entities of Advance Paints
Advance Paints operates through Advance Paints Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Advance Paints Private Limited CIN U24110MH1941PTC003381 | Active | 31 Jul 1941 | Mumbai, Maharashtra | ₹39.8 Cr | 99 | 5 | View details |
Products & Services of Advance Paints
Advance Paints offers a comprehensive portfolio of products and services, including Advamastic 1280 HB, Advothane 3345, Advoguard 3360 HB PDE, Advotherm 3160, and Galozinc 1185.
High-build coating for corrosion protection in industrial settings.
Polyurethane coating for durable surface protection and resistance.
Epoxy-based coating for enhanced barrier against environmental damage.
Specialized coating for high-temperature industrial applications.
Zinc-rich primer for anti-corrosive protection in marine environments.
Surface-tolerant coating for quick application in challenging conditions.
Board of directors of Advance Paints Private Limited (Advance Paints)
Advance Paints Private Limited is the primary company behind Advance Paints. The board of Advance Paints Private Limited currently have 5 directors; the longest-serving is Harshad Chhotalal Sheth, appointed in 1973. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harshad Chhotalal Sheth DIN 00045435 | Director | 24 May 1973 | 53 yrs 5 mo | Advance Paints Private Limited |
| Mahendra Chhotalal Sheth DIN 00056975 | Director | 07 Mar 1986 | 40 yrs 7 mo | Advance Paints Private Limited |
| Renu Amit Parikh DIN 09704645 | Director | 01 Sep 2022 | 4 yrs 1 mo | Advance Paints Private Limited |
| Amit Hasmukhlal Parikh DIN 09746082 | Managing Director | 08 Feb 2023 | 3 yrs 8 mo | Advance Paints Private Limited |
| Dimple Rakesh Agrawal DIN 10295960 | Director | 28 Aug 2023 | 3 yrs 1 mo | Advance Paints Private Limited |
People of Advance Paints
1 people are tracked at Advance Paints (1 in leadership); the tracked headcount is 99.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Advance Paints
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- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Advance Paints
Figures of Advance Paints Private Limited, the primary company behind Advance Paints, for FY 2024. Revenue was ₹39.78 Cr (-15% year on year). Net profit was ₹1.16 Cr (3% margin). EBITDA was ₹3.43 Cr (9% margin). Revenue has grown at a compounded annual rate of +5% over three years and +4% over five years.
- ₹39.78 CrRevenue · FY 2024 · -15% YoY
- ₹1.16 CrNet profit · 3% margin
- ₹3.43 CrEBITDA · 9% margin
- ₹1.50 CrPaid-up capital
- 99Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Advance Paints Private Limited are on its company page.
Detailed financial statements for Advance Paints
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Similar companies to Advance Paints
Advance Paints has 3 listed similar companies in our database. They include Asian Paints, Kansai Nerolac and Pidilite.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| asianpaints.com | 1942 | Mumbai, India | 9,482 | Industrial and decorative paints are manufactured along with related solutions. | ||
| nerolac.com | 1920 | Mumbai, India | 4,107 | Industrial and decorative paints are manufactured by Kansai Nerolac. | ||
| pidilite.com | 1959 | Mumbai, India | 58 | Adhesives and sealants are manufactured by Pidilite in India. |
Detailed similar companies of Advance Paints
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- Full competitor set
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Web traffic of Advance Paints
The website of Advance Paints (advancepaints.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 11.8% vs previous month
Top companies in Rail Equipment
3 companies that operate in the same segment as Advance Paints (Rail Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Freight wagons are manufactured by Titagarh in India. | 1998 | Kolkata, West Bengal, India | USD 339.57 M | 5,540 | ||
Concord Control Systems Limited is engaged in manufacturing railway electrical systems. | 2011 | Lucknow, Uttar Pradesh, India | USD 22.38 M | 129 | ||
Railway rolling stock components and freight cars are manufactured. | 2021 | India | USD 61.07 M | 188 |
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Frequently Asked Questions about Advance Paints
Advance Paints was founded in 1945.
Advance Paints is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Advance Paints has 99 employees.
The primary company behind Advance Paints, Advance Paints Private Limited, reported revenue of ₹39.78 Cr for FY 2024, down 15% year on year.
Advance Paints, established in 1945 in Mumbai, India, manufactures a range of industrial paints and coatings, including primers, intermediate coatings, and top coats. The company serves sectors such as oil and gas, defense, and transportation through a network of branches across India. It focuses on high-performance solutions via research and development, supplying products to clients in various industries while maintaining a pan-India presence for support.
Advance Paints's top competitors include Asian Paints, Kansai Nerolac and Pidilite.
Advance Paints offers Advamastic 1280 HB, Advothane 3345, Advoguard 3360 HB PDE, Advotherm 3160, and 2 more products and services.
Advance Paints operates through Advance Paints Private Limited.
The legal entities of Advance Paints currently have 5 directors, including Harshad Chhotalal Sheth, Mahendra Chhotalal Sheth, Renu Amit Parikh and others.