About Garware Paints Limited
Data last updated:
Garware Paints Limited is a public limited company based in Uttar Pradesh, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 09 November 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U24222UP2001PLC026343. Its GSTIN is 09AABCG8803B1ZW (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹29.95 Lakh. It was formerly known as Garware Colours Limited. It is led by directors including Ankur Agarwal and Arvind Kumar Agarwal.
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 123/440 Fazal Ganj Kanpur, Uttar Pradesh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.1 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹1.81 Lakh (net margin -0.9%) and EBITDA of ₹36.52 Lakh (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 21% over five years.
The company is associated with 1 brand: Garware Paints Limited. As per MCA filings, the company has satisfied charges of ₹1.23 Cr on record. Court records list 100 cases involving the company, including 59 filed by the company and 34 filed against it; 30 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwarepaint.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address123/440 Fazal Ganj Kanpur, Uttar Pradesh, India
- IndustryManufacturing, Paint & Coatings
- 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
- One PDF report, delivered after checkout
Business Activity of Garware Paints Limited
The main business activity of Garware Paints is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Garware Paints Limited FY 2025 filings available
Garware Paints Limited reported revenue of ₹2.1 Cr (up 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Garware Paints Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 8% growth in the latest year. EBITDA rose 35% 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 of Garware Paints Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.81 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Garware Paints Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Garware Paints are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Garware Paints Limited
Garware Paints Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aarton Paints (India) Private Limited | •••• | •••• | •••• | •••• | - | Thrissur-680 685., Kerala, India |
| Phulwari Paints Overseas Private Limited | •••• | •••• | •••• | •••• | - | Bhubnaeswar, Orissa, India |
| Prem Shanti Paints Private Limited | •••• | •••• | •••• | •••• | - | Savita Vihar, Delhi, India |
| Sandeepan International Limited | •••• | •••• | •••• | •••• | - | Ranchi, Jharkhand, India |
| Depro Paints Private Limited | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Garware Paints Limited this company | •••• | •••• | •••• | •••• | - | Uttar Pradesh, India |
| Aanandha Paints Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Ganesa Enterprises Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Arial Paints Private Limited | •••• | •••• | •••• | •••• | - | Alwar, Rajasthan, India |
| Gold Star Paints and Chemicals Pvt Ltd | •••• | •••• | •••• | •••• | - | Palakkad, Kerala, India |
| Gulab Paint Manufacturing Company Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Garware Paints by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Garware Paints Limited
Garware Paints Limited is audited by BHAGAT G & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHAGAT G & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Garware Paints Limited
Garware Paints has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Agarwal Also directs: Shargh Plasters Limited | Director | 09 Nov 2001 | 24 Years 10 Months | Current |
| Arvind Kumar Agarwal Also directs: Shargh Plasters Limited | Director | 09 Nov 2001 | 24 Years 10 Months | Current |
| Sudha Agarwal Also directs: Shargh Plasters Limited | Director | 09 Nov 2001 | 24 Years 10 Months | Current |
Ownership and Shareholding of Garware Paints Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Garware Paints Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2013 | Bank of India | ₹25 Lakh | Satisfied |
| 24 Jul 2003 | Bank of India | ₹10 Lakh | Satisfied |
| 23 May 2002 | Bank of India | ₹44 Lakh | Satisfied |
| 10 May 2002 | Bank of India | ₹44 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Garware Paints Limited
Garware Paints Limited has 100 court cases on record: 59 filed by Garware Paints, 34 filed against it, 7 where it is another party. 30 cases are pending and 70 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 73 | 22 | 24 |
| High courts | 27 | 12 | 6 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Criminal case | Filed by the company against A.M. Infraestate Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Eita India Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ramon Publications Private Limited | Disposed |
| Bombay High Court | Court case (SPMP) | Filed against the company by Fair Growth Financial Services Limited | Disposed |
| Bombay High Court | Writ petition | Company is another party | Pending |
Full case history
All 100 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Garware Paints Limited
Garware Paints operates one associated brand: Garware Paints Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and distribution of paints and coatings for various applications. | garwarepaint.com |
Employees and EPFO Compliance at Garware Paints Limited
Employment history and EPFO contributions of people linked to Garware Paints.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Garware Paints Limited
Garware Paints Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Syed Ali Akhter Rizvi ceased to be Director on 25 Jan 2013.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Garware Paints Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Garware Paints Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Garware Paints Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Garware Paints Limited
Garware Paints has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCG8803B1ZW | Uttar Pradesh | Active | 26 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Garware Paints Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Garware Paints Limited
Garware Paints is an active public limited company based in Uttar Pradesh, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 09 November 2001 (25+ years old) and is registered under CIN U24222UP2001PLC026343.
Garware Paints reported revenue of ₹2.1 Cr for FY 2024 (up 8% YoY).
Garware Paints has 3 current directors:
- Ankur Agarwal - Director
- Arvind Kumar Agarwal - Director
- Sudha Agarwal - Director
Garware Paints reported a net loss of ₹1.81 Lakh (net margin -0.9%) and EBITDA of ₹36.52 Lakh (EBITDA margin 17.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Garware Paints is -16% over three years and 21% over five years. In the latest year (FY 2024) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Garware Paints is 09AABCG8803B1ZW, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Garware Paints is U24222UP2001PLC026343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garware Paints has 100 court cases on record: 59 filed by the company and 34 filed against it. 30 are pending. Most are in the district courts.
Garware Paints was incorporated on 09 November 2001, making it 25+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Garware Paints by revenue are Aarton Paints (India) Private Limited, Phulwari Paints Overseas Private Limited, Prem Shanti Paints Private Limited, Sandeepan International Limited, Depro Paints Private Limited and 5 more, all in the Manufacturing industry (Paints).
Syed Ali Akhter Rizvi ceased to be Director on 25 Jan 2013. Ankur Agarwal was appointed as Director on 09 Nov 2001. Arvind Kumar Agarwal was appointed as Director on 09 Nov 2001. Garware Paints has 4 board changes on record in total.