MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0056659
Clean Coats Private Limited - manufacturing in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.22 Cr
▲ 14% YoY
Net profit · FY 2025
₹8.04 Cr
Net margin 15.1%
EBITDA · FY 2025
₹11.73 Cr
EBITDA margin 22%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.67 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹18.4 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
75
Provident fund records
About Clean Coats Private Limited
Data last updated:
Clean Coats Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 31 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28920MH1999PTC123428. Its GSTIN is 27AABCC2231K1ZX (Maharashtra). The company holds 9 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.67 Cr. It is led by directors including Ajay Madhusudan Kapadia and Akshat Seth.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at K 30/1 Addl Ambernath Ind Area M.I.D.C. Anand Nagar Ambernath ( East ), Thane, Maharashtra, India – 421506.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.22 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹8.04 Cr (net margin 15.1%) and EBITDA of ₹11.73 Cr (EBITDA margin 22%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 1% over five years.
The company has about 75 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹18.4 Cr on record. Court records list 81 cases involving the company, including 50 filed by the company and 31 filed against it; 11 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.47 Cr; the latest was in May 2022. Its 5 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, 3 larger and 2 smaller; the largest is J. K. Protomax Private Limited with revenue of ₹60.19 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 391 overdue payments to 40 micro and small suppliers.
Clean Coats Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0056659). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cleancoats.com.
Company details
CIN U28920MH1999PTC123428
Registration Number 123428
Incorporation Date 31 December 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0056659
Key People
Ajay Madhusudan Kapadia Additional Director Akshat Seth Additional Director Srinivas Sesha Nimmagadda Additional Director Recognitions & Rankings of Clean Coats
Contact details
Clean Coats Private Limited's registered office is in Thane, Maharashtra. Its website is cleancoats.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressK 30/1 Addl Ambernath Ind Area M.I.D.C. Anand Nagar Ambernath ( East ), Thane, Maharashtra, India – 421506
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Clean Coats Private Limited, buy the company report.
Comprehensive company report
Clean Coats Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Clean Coats 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 Clean Coats Private Limited, buy the company report.
Financials of Clean Coats Private Limited
FY 2025 filings availableClean Coats Private Limited reported revenue of ₹53.22 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹53.22 Cr ▲ 14%
Net profit · FY 2025
₹8.04 Cr margin 15.1%
EBITDA · FY 2025
₹11.73 Cr margin 22%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 24%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 92%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 14% growth in the latest year. EBITDA rose 2% 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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| Total Expenses | |||||
| EBITDA | ₹11.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.04 Cr | ||||
| Balance Sheet | |||||
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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 | 22% | ||||
| Net Profit Margin | 15.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Clean Coats Private Limited, buy the company report.
Board of directors of Clean Coats Private Limited
Clean Coats has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Madhusudan Kapadia Also directs: Prabhu Sainath Polymers Private Limited, Aditya Poly Industries Private Limited, Aditya Polytechnic Private Limited and 2 more | Additional Director | 11 Nov 2025 | 0 Years 11 Months | Current |
| Akshat Seth Also directs: Birlanu Limited, Prabhu Sainath Polymers Private Limited, Aditya Poly Industries Private Limited and 4 more | Additional Director | 11 Nov 2025 | 0 Years 11 Months | Current |
| Srinivas Sesha Nimmagadda Also directs: Prabhu Sainath Polymers Private Limited, Aditya Poly Industries Private Limited, Aditya Polytechnic Private Limited and 2 more | Additional Director | 11 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Clean Coats Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| J. K. Protomax Private Limited | ₹60.19 Cr (FY 2025) | -20.0% | Kolkata, West Bengal, India | |||
| Teknovace Wood Coatings Private Limited | ₹57.11 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Savita Paints Private Limited | ₹53.42 Cr (FY 2024) | 5.0% | Delhi, India | |||
| Clean Coats Private Limitedthis company | ₹53.22 Cr (FY 2025) | ₹8.04 Cr | 15.1% | 14.0% | 75 | Thane, Maharashtra, India |
| Jemkon Private Limited | ₹52.85 Cr (FY 2025) | 24.0% | Pune, Maharashtra, India | |||
| Neo Pack Plast (India) Pvt Ltd | ₹51.18 Cr (FY 2025) | 24.0% | Vapi, Gujarat, India |
To see the full peer comparison of Clean Coats Private Limited, buy the company report.
Auditor
Clean Coats Private Limited is audited by Kothari Mody Kenia & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kothari Mody Kenia & Associates | FY 2023 | 154059W |
Shareholding
The shareholding of Clean Coats Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Clean Coats Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹18.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Sep 2015 | 10590748 | Others | ₹5 Cr | Open | |
| 06 Aug 2015 | 10589384 | Others | ₹5 Cr | Open | |
| 18 Mar 2019 | 100250370 | Others | ₹29 Lakh | Satisfied | |
| 10 Oct 2018 | 100213157 | Sidbi | ₹50 Lakh | Satisfied | |
| 28 Feb 2014 | 10503886 | Bank of Baroda | ₹4.9 Cr | Satisfied |
To see the full charge records of Clean Coats Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Clean Coats Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.47 Cr; the latest was in May 2022.
Total deals
7
Secondary share transfers
5
Funding rounds
2
Disclosed funding
₹1.47 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Streamline Finance and Investment Private Limited , Steel Plant Private Limited , 2 individuals |
| Sep 2012 | Funding round | ₹1.06 Cr | Investors: Streamline Finance and Investment Private Limited , 3 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Steel Plant Private Limited , an individual |
| Nov 2007 | Funding round | ₹41.2 Lakh | Investors: Streamline Finance and Investment Private Limited , 3 individuals |
To see the full deal history of Clean Coats 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
Clean Coats Private Limited has 81 court cases on record: 50 filed by Clean Coats, 31 filed against it. 11 cases are pending and 70 are disposed.
Total cases
81
Filed by the company
50
Filed against the company
31
Pending
11
Disposed
70
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 15 | 8 |
| High courts | 28 | 15 | 3 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by Jyoti CNC Automation Limited | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Pharma Access Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Pharma Access Pvt. Ltd. Through Shams Ahmed Director and Authorised Signatory of the Plaintiff | Disposed |
| District court, RAJKOT, Gujarat | Court case (EXE R) | Filed against the company by M/S Jyoti CNC Automation Pvt. Ltd. | Disposed |
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by M/S Jyoti CNC Automation Pvt. Ltd. | Disposed |
To see the full case history of Clean Coats 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
Clean Coats Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 391 overdue payments to 40 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 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Duralabel Graphics Private Limited | |||
| Parekh Plastics | |||
| Bootalee Products | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Clean Coats Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Clean Coats Private Limited has a workforce of 75 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
75
Active EPFO establishments
1
Employee growth
102.7%
GST
Clean Coats has 9 GST registrations: 3 active and 6 cancelled or inactive.
Total GSTINs
9
Active
3
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC2231K1ZX | Maharashtra | Active | 01 Jul 2017 |
| 18AABCC2231K1ZW | Assam | Active | 02 Feb 2018 |
| 23AABCC2231K1Z5 | Madhya Pradesh | Active | 09 Aug 2018 |
To see the full GST registrations and return filing status of Clean Coats Private Limited, buy the company report.
Recent activity
Clean Coats Private Limited has 6 board changes on record since 2020: 3 appointments and 3 cessations. The latest: Ajay Madhusudan Kapadia was appointed as Additional Director on 11 Nov 2025.
Appointed
Ajay Madhusudan Kapadia was appointed as Additional Director.
Appointed
Akshat Seth was appointed as Additional Director.
Appointed
Srinivas Sesha Nimmagadda was appointed as Additional Director.
AGM
Clean Coats Private Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Filing
Clean Coats Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Kartik Shankar ceased to be Whole-Time Director.
Charges
A charge with Others of Rs. 5.00 Cr registered on 10 Sep 2015 with Charge ID 10590748 was modified on 29 Sep 2020.
Charges
A charge with Others of Rs. 5.00 Cr registered on 06 Aug 2015 with Charge ID 10589384 was modified on 29 Sep 2020.
Charges
A charge registered on 10 Oct 2018 via Charge ID 100213157 with Sidbi was fully satisfied on 13 Jul 2020.
Ceased
Hariharasubramanian Shankar ceased to be Director.
Ceased
Rajlakshmi Shankar Iyer ceased to be Director.
Charges
A charge registered on 18 Mar 2019 via Charge ID 100250370 with Others was fully satisfied on 05 Mar 2020.
26 earlier events are in the company report.
Frequently asked questions
Clean Coats is an active private limited company based in Thane, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 31 December 1999 (27+ years old) and is registered under CIN U28920MH1999PTC123428.
Clean Coats has 3 current directors:
- Ajay Madhusudan Kapadia - Additional Director
- Akshat Seth - Additional Director
- Srinivas Sesha Nimmagadda - Additional Director
The latest financial statements of Clean Coats on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Clean Coats is 27AABCC2231K1ZX, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 18AABCC2231K1ZW (Assam), 23AABCC2231K1Z5 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Clean Coats is U28920MH1999PTC123428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clean Coats has 81 court cases on record: 50 filed by the company and 31 filed against it. 11 are pending. Most are in the district courts.
Clean Coats was incorporated on 31 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Clean Coats has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.47 Cr; the latest was in May 2022.
The peers of Clean Coats by revenue are J. K. Protomax Private Limited, Teknovace Wood Coatings Private Limited, Savita Paints Private Limited, Jemkon Private Limited, Neo Pack Plast (India) Pvt Ltd, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ajay Madhusudan Kapadia was appointed as Additional Director on 11 Nov 2025. Akshat Seth was appointed as Additional Director on 11 Nov 2025. Srinivas Sesha Nimmagadda was appointed as Additional Director on 11 Nov 2025. Clean Coats has 6 board changes on record in total.
Yes, Clean Coats is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0056659).
Clean Coats has 13 MSME Form 1 returns on record between 2019 and 2024, listing 391 overdue payments to 40 micro and small suppliers. The latest return was filed on 26 Apr 2024.