Comet Paints Private Limited
About Comet Paints Private Limited
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Comet Paints Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 16 November 1961 and has been in existence for over 65 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24220GJ1961PTC001099. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Paresh Anandbhai Amin and Minal Saran Patel.
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 1st Floor Sastu Sahitya Buliding Swami Akhandanand Marg Bhadra, Ahmedabad, Gujarat, India – 380001.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.47 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹71,682 (net margin -3.9%) and EBITDA of ₹7.16 Lakh (EBITDA margin 38.8%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
As per MCA filings, the company has open charges of ₹8.58 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Comet Paints Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Sastu Sahitya Buliding Swami Akhandanand Marg Bhadra, Ahmedabad, Gujarat, India – 380001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Comet Paints 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
Financials of Comet Paints Private Limited
FY 2025 filings availableComet Paints Private Limited reported revenue of ₹18.47 Lakh (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 6% 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 | ₹7.16 Lakh | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹71,682 | ||||
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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 | 38.8% | ||||
| Net Profit Margin | -3.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Comet Paints Private Limited, buy the company report.
Board of directors of Comet Paints Private Limited
Comet Paints has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Anandbhai Amin Also directs: Intermediates and Chemicals Pvt Ltd, Bomin Private Limited, Piaminson Pvt Ltd and 5 more | Director | 13 Apr 2004 | 22 Years 6 Months | Current |
| Minal Saran Patel Also directs: Intermediates and Chemicals Pvt Ltd, Bomin Private Limited, Piaminson Pvt Ltd and 3 more | Director | 24 Sep 2018 | 8 Years 1 Months | Current |
| Prashant Anandbhai Amin Also directs: Intermediates and Chemicals Pvt Ltd, Bomin Private Limited, Piaminson Pvt Ltd and 4 more | Director | 02 Apr 2004 | 22 Years 7 Months | Current |
Auditor
Comet Paints Private Limited is audited by APAJI AMIN & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APAJI AMIN & CO LLP | FY 2022 | 100513W/W100062 |
Shareholding
The shareholding of Comet Paints 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 Comet Paints Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2024 | 100996401 | Others | ₹40 Lakh | Open | |
| 09 Sep 2024 | 100996404 | Others | ₹1.5 Cr | Open | |
| 09 Sep 2024 | 100997143 | Others | ₹4 Cr | Open | |
| 04 Apr 1985 | 90107413 | State Bank of India | ₹1.41 Cr | Open | |
| 04 Apr 1985 | 90108316 | State Bank of India | ₹1.27 Cr | Open |
To see the full charge records of Comet Paints Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Comet Paints Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
| District court, Anand, Gujarat | Court case (MCA) | Filed against the company by an individual | Disposed |
To see the full case history of Comet Paints 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
No delayed payments to MSME suppliers are on our record for Comet Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Comet Paints has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Comet Paints Private Limited, buy the company report.
Recent activity
Comet Paints Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Minal Saran Patel ceased to be Additional Director on 30 Sep 2019.
3 earlier events are in the company report.
Frequently asked questions
Comet Paints is an active private limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 16 November 1961 (65+ years old) and is registered under CIN U24220GJ1961PTC001099.
Comet Paints has 3 current directors:
- Paresh Anandbhai Amin - Director
- Minal Saran Patel - Director
- Prashant Anandbhai Amin - Director
The latest financial statements of Comet Paints 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.
No. Comet Paints has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Comet Paints is U24220GJ1961PTC001099. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comet Paints has 2 court cases on record: 2 filed against it. Most are in the district courts.
Comet Paints was incorporated on 16 November 1961, making it 65+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Minal Saran Patel ceased to be Additional Director on 30 Sep 2019. Anand Narshibhai Amin ceased to be Managing Director on 25 Sep 2018. Minal Saran Patel was appointed as Director on 24 Sep 2018. Comet Paints has 5 board changes on record in total.
The registered office of Comet Paints is at 1st Floor Sastu Sahitya Buliding Swami Akhandanand Marg Bhadra, Ahmedabad, Gujarat, India – 380001.
Comet Paints operates in the financial services industry, in the diversified financial services segment.
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