About ICA Spa
ICA Spa is a Chemicals & Materials company based in Civitanova Marche (Italy) founded in 1971, and was acquired by Sherwin-Williams in October 2022. It operates as a wood coatings and glass paints are manufactured by ICA Group. The company has 388 employees. Its website icaspa.com draws about 16 thousand monthly visits. Its Indian entity Ica Pidilite Private Limited reported revenue of ₹379 Cr. Its focus areas include Chemicals and Materials, Paints and Coatings and Diversified.
Company details
ICA Group was founded in 1971 in Civitanova Marche, Italy, where operations in the manufacturing sector are centered. Wood coatings and glass paints are produced for applications in furniture and architectural sectors. The company is managed by Chandu Sharma as Managing Director. Products are developed and distributed from its Italian facility, serving markets across Europe and beyond with a focus on quality materials for wood and glass surfaces.
- Headquarters Civitanova Marche, Italy
- Employees 388
- Stage Acquired
- SectorsChemicals & Materials
- Website icaspa.com/ww/en
- Social LinkedIn Facebook
- Acquired by Sherwin-Williams (Oct 2022)
- Legal Name Ica Pidilite Private Limited
- Date of Incorporation 20 Nov, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹379 Cr
FY 2025 · -5% YoY
- Net Profit₹29.44 Cr
FY 2025 · 8% margin
- EBITDA₹67.81 Cr
FY 2025 · 18% margin
- Investors
- Employee Count388
- Acquired bySherwin-Williams
(Oct 2022)
Associated legal entities of ICA Spa
ICA Spa operates through Ica Pidilite Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ica Pidilite Private Limited CIN U24233MH2015PTC270308 | Active | 20 Nov 2015 | Mumbai, Maharashtra | ₹379 Cr | 388 | 8 | View details |
Investors in ICA Spa
ICA Spa has secured backing from 1 investor. Prominent investors backing the company include Sherwin-Williams.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Paints, coatings, and related products are manufactured and distributed globally. | 1866 | sherwin-williams.com | Cleveland, United States |
Investor details for ICA Spa
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Board of directors of Ica Pidilite Private Limited (ICA Spa)
Ica Pidilite Private Limited is the primary company behind ICA Spa. The board of Ica Pidilite Private Limited currently have 7 directors; the longest-serving is Prabhakar Jain, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabhakar Jain DIN 02017091 | Director | 20 Nov 2015 | 10 yrs 11 mo | Ica Pidilite Private Limited |
| Bharat Tilakraj Puri DIN 02173566 | Director | 20 Nov 2015 | 10 yrs 11 mo | Ica Pidilite Private Limited |
| Andrea Paniccia DIN 07488140 | Director | 26 Apr 2016 | 10 yrs 5 mo | Ica Pidilite Private Limited |
| Gira Jagdeesh Sardesai DIN 02610502 | Director | 28 Mar 2020 | 6 yrs 6 mo | Ica Pidilite Private Limited |
| Gautam Khurana DIN 00151047 | Director | 28 Mar 2020 | 6 yrs 6 mo | Ica Pidilite Private Limited |
| Peter Joseph Ippolito DIN 10235954 | Director | 03 Aug 2023 | 3 yrs 2 mo | Ica Pidilite Private Limited |
| Apurva Narendrakumar Parekh DIN 00111366 | Additional Director | 29 Jul 2025 | 1 yr 2 mo | Ica Pidilite Private Limited |
People of ICA Spa
1 people are tracked at ICA Spa (1 in leadership); the tracked headcount is 388.
| Name | Role | Group |
|---|---|---|
Chandu Sharma | Managing Director | Leadership |
Complete people profiles for ICA Spa
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Financials of ICA Spa
Figures of Ica Pidilite Private Limited, the primary company behind ICA Spa, for FY 2025. Revenue was ₹379 Cr (-5% year on year). Net profit was ₹29.44 Cr (8% margin). EBITDA was ₹67.81 Cr (18% margin). Revenue has grown at a compounded annual rate of +11% over three years and +15% over five years.
- ₹379 CrRevenue · FY 2025 · -5% YoY
- ₹29.44 CrNet profit · 8% margin
- ₹67.81 CrEBITDA · 18% margin
- ₹6.12 CrPaid-up capital
- 388Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ica Pidilite Private Limited are on its company page.
Detailed financial statements for ICA Spa
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Timeline of ICA Spa
2 dated milestones of ICA Spa across 51 years, from founding to its latest funding, stage changes and deals.
- Founded ICA Spa is founded.
- Exit Acquired by Sherwin-Williams.
Web traffic of ICA Spa
The website of ICA Spa (icaspa.com) receives about 16.2K visits a month.
- Monthly visits16.2K
▲ 36.1% vs previous month
Websites whose visitors overlap most with ICA Spa. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| intercoating.it | 100% | – | – | View details | |
veleca.it | veleca.it | 98% | – | #4,974,241 | – |
| gfcchimica.com | 84% | – | – | View details | |
livos.it | livos.it | 84% | – | – | – |
infochem.it | infochem.it | 84% | – | #8,136,832 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 23 similar websites and full traffic analytics for ICA Spa
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- 23 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Paints, Coatings & Surface Treatments
10 companies that operate in the same segment as ICA Spa (Paints, Coatings & Surface Treatments), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of paints | 2000 | Pune, Maharashtra, India | USD 23.11 M | USD 149.43 M | 1,850 | |
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | – | USD 3.79 B | 33,600 | |
Paints, coatings, and related products are manufactured and distributed globally. | 1866 | Cleveland, Ohio, United States | – | USD 23.57 B | 63,890 | |
Industrial and decorative paints are manufactured by Kansai Nerolac. | 1920 | Mumbai, Maharashtra, India | – | USD 858.2 M | 10,570 | |
Hempel is recognized for providing high-quality protective coating solutions. | 1915 | Lyngby, Region Hovedstaden, Denmark | – | USD 17.43 M | 138 | |
Protective coatings are manufactured for industrial applications in India. | 1902 | Delhi, Delhi, India | – | USD 61.39 M | 633 | |
Manufacturer & supplier of decorative paints, metal, wood, powder, and other coatings | 1994 | Amsterdam, Netherlands | – | USD 11.94 B | 34,600 | |
Paints and stains are supplied to the construction sector. | 1883 | Montvale, New Jersey, United States | – | – | – | |
Color management solutions and measurement technologies are provided for industries. | 1958 | Grand Rapids, Michigan, United States | USD 155 M | USD 1.07 M | 21 | |
Manufacturer of paints | 1961 | Sao Bernardo Do Campo, Sao Paulo, Brazil | – | – | – |
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Frequently Asked Questions about ICA Spa
ICA Spa was founded in 1971.
ICA Spa is headquartered in Civitanova Marche, Italy. It is registered at Civitanova Marche, Marche, Italy.
ICA Spa has 388 employees.
The primary company behind ICA Spa, Ica Pidilite Private Limited, reported revenue of ₹379 Cr for FY 2025, down 5% year on year.
ICA Group was founded in 1971 in Civitanova Marche, Italy, where operations in the manufacturing sector are centered. Wood coatings and glass paints are produced for applications in furniture and architectural sectors. The company is managed by Chandu Sharma as Managing Director. Products are developed and distributed from its Italian facility, serving markets across Europe and beyond with a focus on quality materials for wood and glass surfaces.
ICA Spa has 1 investor. Key investors include Sherwin-Williams.
ICA Spa operates through Ica Pidilite Private Limited.
Yes. ICA Spa was acquired by Sherwin-Williams in October 2022.
The legal entities of ICA Spa currently have 8 directors, including Gira Jagdeesh Sardesai, Gautam Khurana, Charmi Atul Kanojia and others.