MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0060966
Excel India Protective Paints Pvt Ltd - manufacturing in Badlapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹23.23 Cr
▲ 10% YoY
Net profit · FY 2025
₹2.82 Cr
Net margin 12.1%
EBITDA · FY 2025
₹5.82 Cr
EBITDA margin 25%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹3.58 Cr
Satisfied ₹13.25 Cr
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Excel India Protective Paints Pvt Ltd
Data last updated:
Excel India Protective Paints Pvt Ltd is a private limited company based in Badlapur, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 12 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24219MH2006PTC159022. Its GSTIN is 27AABCE5472C1ZV (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Sadanand Vasu Kunder and Bobby Sadanand Kunder.
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 Shade No. A – 33/34 MIDC Kulgaon Badlapur East District Thane, Maharashtra, India – 421503.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.23 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹2.82 Cr (net margin 12.1%) and EBITDA of ₹5.82 Cr (EBITDA margin 25%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹3.58 Cr and satisfied charges of ₹13.25 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
Excel India Protective Paints Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0060966). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website excelpaints.in.
Company details
CIN U24219MH2006PTC159022
Registration Number 159022
Incorporation Date 12 January 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0060966
Recognitions & Rankings of Excel India Protective Paints
Contact details
Excel India Protective Paints Pvt Ltd's registered office is in Badlapur, Maharashtra. Its website is excelpaints.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShade No. A – 33/34 MIDC Kulgaon Badlapur East District Thane, Maharashtra, India – 421503
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Excel India Protective Paints Pvt Ltd, buy the company report.
Comprehensive company report
Excel India Protective Paints Pvt Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Excel India Protective Paints 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 Excel India Protective Paints Pvt Ltd, buy the company report.
Financials of Excel India Protective Paints Pvt Ltd
FY 2025 filings availableExcel India Protective Paints Pvt Ltd reported revenue of ₹23.23 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹23.23 Cr ▲ 10%
Net profit · FY 2025
₹2.82 Cr margin 12.1%
EBITDA · FY 2025
₹5.82 Cr margin 25%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 11%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 30%
5 years · compounded
▲ 50%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 10% growth in the latest year. EBITDA rose 3% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.82 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 25% | ||||
| Net Profit Margin | 12.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Excel India Protective Paints Pvt Ltd, buy the company report.
Board of directors of Excel India Protective Paints Pvt Ltd
Excel India Protective Paints has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadanand Vasu Kunder | Director | 18 Jan 2006 | 20 Years 9 Months | Current |
| Bobby Sadanand Kunder | Director | 26 May 2021 | 5 Years 5 Months | Current |
Peer comparison
Excel India Protective Paints Pvt Ltd is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Agaram Paints Private Limited | ₹24.22 Cr (FY 2024) | 5.0% | Tuticorin, Tamil Nadu, India | |||
| Bharath Paints Private Limited | ₹23.47 Cr (FY 2025) | 43.0% | Chennai, Tamil Nadu, India | |||
| Dreamwalls Paints Private Limited | ₹23.4 Cr (FY 2025) | 12.0% | Pune, Maharashtra, India | |||
| Excel India Protective Paints Pvt Ltdthis company | ₹23.23 Cr (FY 2025) | ₹2.82 Cr | 12.1% | 10.0% | Badlapur, Maharashtra, India | |
| Jaishree Paints & Chemicals Private Limited | ₹23.22 Cr (FY 2025) | 13.0% | Aligarh, Uttar Pradesh, India | |||
| Berger Hesse Wood Coatings Private Limited | ₹23.16 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India | |||
| Prova Chem (India) Private Limited | ₹23.1 Cr (FY 2024) | 8.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Excel India Protective Paints Pvt Ltd, buy the company report.
Auditor
Excel India Protective Paints Pvt Ltd is audited by Prakash Shetty P & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Prakash Shetty P & Co. | FY 2023 | 163507 |
Shareholding
The shareholding of Excel India Protective Paints Pvt Ltd 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 Excel India Protective Paints Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹3.58 Cr
Satisfied charges
₹13.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2025 | 101045330 | Others | ₹2 Cr | Open | |
| 24 Aug 2023 | 100769964 | Others | ₹84.6 Lakh | Open | |
| 20 Nov 2021 | 100505241 | Axis Bank Limited | ₹73 Lakh | Open | |
| 15 Sep 2023 | 100787816 | Others | ₹4.5 Cr | Satisfied | |
| 30 Jun 2015 | 10587140 | Dcb Bank Limited | ₹3 Cr | Satisfied |
To see the full charge records of Excel India Protective Paints Pvt Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Excel India Protective Paints Pvt Ltd has 4 court cases on record: 2 filed by Excel India Protective Paints, 2 filed against it. All cases are disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against A.R. Coating Solutions India Pvt. Ltd. and 2 others | Disposed |
| District court, South Goa, Goa | Court case (LC) | Filed against the company by State - Rep. by Labour Enforcement Officer (Central) | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against 1 Ms. New Polyfloor Co Other and 1 other | Disposed |
To see the full case history of Excel India Protective Paints Pvt Ltd, 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.
Credit ratings & regulatory alerts
Excel India Protective Paints Pvt Ltd was last rated by Crisil on 18 Aug 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Aug 2018 |
To see the full credit ratings and regulatory alerts of Excel India Protective Paints Pvt Ltd, buy the company report.
MSME payment delays
Excel India Protective Paints Pvt Ltd has 6 MSME Form 1 returns on record between 2019 and 2022, listing 174 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pratul Chemicals Private Limited | |||
| Abcd Drums & Barrels Industries | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Excel India Protective Paints Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Excel India Protective Paints has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE5472C1ZV | Maharashtra | Active | 01 Jul 2017 |
| 29AABCE5472C1ZR | Karnataka | Active | 30 Aug 2021 |
| 37AABCE5472C1ZU | Andhra Pradesh | Active | 09 Nov 2021 |
To see the full GST registrations and return filing status of Excel India Protective Paints Pvt Ltd, buy the company report.
Recent activity
Excel India Protective Paints Pvt Ltd has 8 board changes on record since 2006: 2 appointments and 6 cessations. The latest: Bobby Sadanand Kunder ceased to be Additional Director on 30 Nov 2021.
AGM
Excel India Protective Paints Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Excel India Protective Paints Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101045330 was registered on 30 Jan 2025.
Charges
A charge registered on 15 Sep 2023 via Charge ID 100787816 with Others was fully satisfied on 08 Aug 2024.
Charges
A charge with Others amounted to Rs. 4.50 Cr with Charge ID 100787816 was registered on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.85 Cr with Charge ID 100769964 was registered on 24 Aug 2023.
Ceased
Bobby Sadanand Kunder ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.73 Cr with Charge ID 100505241 was registered on 20 Nov 2021.
Appointed
Bobby Sadanand Kunder was appointed as Director.
Charges
A charge registered on 30 Jun 2015 via Charge ID 10587140 with Dcb Bank Limited was fully satisfied on 15 Dec 2020.
Ceased
Sunanda Mahabala Karkera ceased to be Director.
Charges
A charge registered on 04 Feb 2013 via Charge ID 10406254 with The Saraswat Cooperative Bank Ltd was fully satisfied on 28 Aug 2015.
16 earlier events are in the company report.
Frequently asked questions
Excel India Protective Paints is an active private limited company based in Badlapur, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 12 January 2006 (20+ years old) and is registered under CIN U24219MH2006PTC159022.
Excel India Protective Paints has 2 current directors:
- Sadanand Vasu Kunder - Director
- Bobby Sadanand Kunder - Director
The latest financial statements of Excel India Protective 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.
The GSTIN of Excel India Protective Paints is 27AABCE5472C1ZV, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AABCE5472C1ZR (Karnataka), 37AABCE5472C1ZU (Andhra Pradesh).
The CIN (Corporate Identification Number) of Excel India Protective Paints is U24219MH2006PTC159022. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excel India Protective Paints has 4 court cases on record: 2 filed by the company and 2 filed against it.
Excel India Protective Paints was incorporated on 12 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Excel India Protective Paints by revenue are Agaram Paints Private Limited, Bharath Paints Private Limited, Dreamwalls Paints Private Limited, Jaishree Paints & Chemicals Private Limited, Berger Hesse Wood Coatings Private Limited and 1 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bobby Sadanand Kunder ceased to be Additional Director on 30 Nov 2021. Bobby Sadanand Kunder was appointed as Director on 26 May 2021. Sunanda Mahabala Karkera ceased to be Director on 29 Oct 2015. Excel India Protective Paints has 8 board changes on record in total.
Yes, Excel India Protective Paints is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0060966).
Excel India Protective Paints has 6 MSME Form 1 returns on record between 2019 and 2022, listing 174 overdue payments to 26 micro and small suppliers. The latest return was filed on 28 Apr 2022.
Excel India Protective Paints can be reached through the website excelpaints.in. Its registered office is in Badlapur, Maharashtra, India.