About Snowcem Paints
Snowcem Paints is a company based in Mumbai (India) founded in 1959, and was acquired by Mehta Group in May 2021. Exterior and interior emulsion paints, primers, and coatings are manufactured. The company has 97 employees. Snowcem Paints was last valued at $3.57 million in November 2016. Its Indian entity Snowcem Paints Private Limited reported revenue of ₹2.75 Cr. Snowcem Paints offers products and services including Exterior Emulsion Paints and Interior Emulsion Paints.
Company details
Snowcem Paints was founded in 1959 in Mumbai, India, within the paints and coatings sector. A variety of products, including emulsion paints, primers, cement paints, waterproofing solutions, and textures, is produced for both interior and exterior use. Operations focus on manufacturing these items, with additional tools like a budget calculator and color visualizer provided to support customers in planning and selection.
- Headquarters Mumbai, India
- Employees 97
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website snowcempaints.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Mehta Group (May 2021)
- Legal Name Snowcem Paints Private Limited
- Date of Incorporation 09 Jun, 2005
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.75 Cr
FY 2022 · -81% YoY
- Net Loss-₹30.11 Cr
FY 2022 · -1095% margin
- EBITDA-₹28.69 Cr
FY 2022 · -1043% margin
- InvestorsTimesgroup
& 2 more
- Employee Count97
- Acquired byMehta Group
(May 2021)
Associated legal entities of Snowcem Paints
Snowcem Paints operates through Snowcem Paints Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Snowcem Paints Private Limited CIN U24222MH2005PTC215180 | Active | 09 Jun 2005 | Mumbai, Maharashtra | ₹2.8 Cr | 97 | 2 | View details |
Products & Services of Snowcem Paints
Snowcem Paints offers a comprehensive portfolio of products and services, including Exterior Emulsion Paints and Interior Emulsion Paints.
Exterior paints are provided for protection and aesthetic enhancement of building surfaces
Interior paints are supplied for durable and attractive finishes in residential and commercial spaces
Apps and channels of Snowcem Paints
its YouTube channel Snowcem Paints has 32 subscribers and 5 videos.
Videos from Snowcem Paints
The most watched videos on Snowcem Paints's YouTube channel, Snowcem Paints (32 subscribers). Click a video to play it here.
More on Snowcem Paints.
Funding Insights of Snowcem Paints
- Total Rounds 4
- First Round $861,956
(Sep 2011)
- Investors Count 2
All 4 funding rounds of Snowcem Paints with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | Private Equity Round | – | Timesgroup | – | |
| Nov 2016 | $175,150 | Unspecified | $3.57M | Concept Communication | – |
| Jan 2015 | $1.16M | Unspecified | $5.11M | – | – |
| Sep 2011 | $861,956 | Unspecified | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2016 | $3.57M | •••••••• |
| Jan 2015 | $5.11M | •••••••• |
| Sep 2011 | $••••• | •••••••• |
Full valuation and stage history of Snowcem Paints
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.57M (Nov 2016). 3 investors in total: 3 institutional.
Investors in Snowcem Paints
Snowcem Paints has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Timesgroup, Concept Communication and Mehta Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
English and vernacular newspapers are published in print form. | 1838 | timesgroup.com | Mumbai, India | |
Marketing and advertising services are provided in Mumbai, India. | 1969 | conceptindia.com | Mumbai, India | |
Cement and building materials are manufactured for construction needs. | 1900 | mehtagroup.com | Gandhinagar, India |
Investor details for Snowcem Paints
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Snowcem Paints Private Limited (Snowcem Paints)
Snowcem Paints Private Limited is the primary company behind Snowcem Paints. The board of Snowcem Paints Private Limited currently have 2 directors; the longest-serving is Haresh Atmaram Bhojwani, appointed in 2023. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Haresh Atmaram Bhojwani DIN 02895523 | Additional Director | 01 Apr 2023 | 3 yrs 7 mo | Snowcem Paints Private Limited |
| Meena Haresh Bhojwani DIN 10133454 | Additional Director | 06 Jul 2023 | 3 yrs 3 mo | Snowcem Paints Private Limited |
Financials of Snowcem Paints
Figures of Snowcem Paints Private Limited, the primary company behind Snowcem Paints, for FY 2022. Revenue was ₹2.75 Cr (-81% year on year). Net loss was -₹30.11 Cr (-1095% margin). EBITDA was -₹28.69 Cr (-1043% margin). Revenue has grown at a compounded annual rate of -62% over three years and -54% over five years.
- ₹2.75 CrRevenue · FY 2022 · -81% YoY
- -₹30.11 CrNet loss · -1095% margin
- -₹28.69 CrEBITDA · -1043% margin
- ₹1.83 CrPaid-up capital
- 97Employees (provident fund records)
- -62%Revenue CAGR, 3 years
- -54%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Snowcem Paints Private Limited are on its company page.
Detailed financial statements for Snowcem 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
Verified entity values are shown only after access is granted.
Timeline of Snowcem Paints
5 dated milestones of Snowcem Paints across 62 years, from founding to its latest funding, stage changes and deals.
- Founded Snowcem Paints is founded.
- Funding First funding round of $862K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Private Equity Round,.
- Exit Acquired by Mehta Group.
Web traffic of Snowcem Paints
The website of Snowcem Paints (snowcempaints.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▼ 3.6% vs previous month
Websites whose visitors overlap most with Snowcem Paints. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| britishpaints.in | 100% | 11.3K | #1,895,829 | View details | |
| indigopaints.com | 95% | 83.6K | #403,220 | View details | |
| shalimarpaints.com | 59% | 15.3K | #1,711,687 | View details | |
fleetwood.ie | fleetwood.ie | 59% | #966,903 | – | |
ppgpittsburghpaints.com | ppgpittsburghpaints.com | 58% | – |
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Frequently Asked Questions about Snowcem Paints
Snowcem Paints was founded in 1959 and raised its 1st funding round 52 years after it was founded.
Snowcem Paints is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Snowcem Paints has 97 employees.
The primary company behind Snowcem Paints, Snowcem Paints Private Limited, reported revenue of ₹2.75 Cr for FY 2022, down 81% year on year.
Snowcem Paints was founded in 1959 in Mumbai, India, within the paints and coatings sector. A variety of products, including emulsion paints, primers, cement paints, waterproofing solutions, and textures, is produced for both interior and exterior use. Operations focus on manufacturing these items, with additional tools like a budget calculator and color visualizer provided to support customers in planning and selection.
Snowcem Paints offers Exterior Emulsion Paints and Interior Emulsion Paints.
Snowcem Paints has 3 investors. Key investors include Timesgroup, Concept Communication, and Mehta Group.
The valuation of Snowcem Paints is $3.57M as of Nov 2016.
Snowcem Paints operates through Snowcem Paints Private Limited.
Yes. Snowcem Paints was acquired by Mehta Group in May 2021.
The legal entities of Snowcem Paints currently have 2 directors, including Meena Haresh Bhojwani, Haresh Atmaram Bhojwani.