India's Richest People 2026 edition · 1 director · Source: Hurun India
- #141 Sandeep Pravinbhai Engineer & family ₹25,400 Cr
Revenue · FY 2025
₹197.7 Cr
▲ 4% YoY
Net loss · FY 2025
₹16.6 Cr
Net margin -8.4%
EBITDA · FY 2025
₹10.32 Cr
EBITDA margin 5.2%
Authorised capital
₹380 Cr
Registered with MCA
Paid-up capital
₹380 Cr
Issued & subscribed
Open charges
₹45 Cr
Satisfied ₹59 Cr
Company age
4 yrs
Est. 2022
Directors on board
9
As per MCA filings
About Astral Coatings Private Limited
Data last updated:
Astral Coatings Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Gem Paints Private Limited. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 20 April 2022.
Its director Sandeep Pravinbhai Engineer and family are #141 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24222GJ2022PTC151610. Its GSTIN is 24AAHCE0011B1ZO (Gujarat). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹380 Cr and a paid-up capital of ₹380 Cr. It was formerly known as Gem Paints Private Limited and Esha Paints Private Limited. It is led by directors including Pravin Chandulal Joshi (Whole-Time Director) and Saumya Sandeep Engineer.
Its last annual general meeting (AGM) was held on 26 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹197.7 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹16.6 Cr (net margin -8.4%) and EBITDA of ₹10.32 Cr (EBITDA margin 5.2%).
As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹59 Cr on record. Court records list 201 cases involving the company, including 192 filed by the company and 9 filed against it; 152 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 gem-paints.com.
Company details
CIN U24222GJ2022PTC151610
Registration Number 151610
Incorporation Date 20 April 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Gem Paints Private Limited
Compliance Status Active Compliant
Name history
Astral Coatings has undergone 2 name changes throughout its history. The company was previously known as Gem Paints Private Limited, and Esha Paints Private Limited. The current legal name is Astral Coatings Private Limited.
| Company Name | Status |
|---|---|
| Astral Coatings Private Limited | Current |
| Gem Paints Private Limited | Previous |
| Esha Paints Private Limited | Previous |
CIN history
Astral Coatings has one previous CIN (Corporate Identification Number): U24222KA2022PTC160270. The current CIN is U24222GJ2022PTC151610, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24222GJ2022PTC151610 | Current |
| U24222KA2022PTC160270 | Previous |
Key People
Pravin Chandulal Joshi Whole-Time Director Hiranand Asandas Savlani Cfo Saumya Sandeep Engineer Director Recognitions & Rankings of Astral Coatings
Contact details
Astral Coatings Private Limited's registered office is in Ahmedabad, Gujarat. Its website is gem-paints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address207/1 Astral House B/H Rajpath Club, Off S. G. Highway, Ahmedabad, Gujarat, India – 380059
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Astral Coatings Private Limited, buy the company report.
Comprehensive company report
Astral Coatings 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 Astral Coatings is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Astral Coatings Private Limited, buy the company report.
Financials of Astral Coatings Private Limited
FY 2025 filings availableAstral Coatings Private Limited reported revenue of ₹197.7 Cr (up 4% YoY) for FY 2025.
Revenue · FY 2025
₹197.7 Cr ▲ 4%
Net loss · FY 2025
₹16.6 Cr margin -8.4%
EBITDA · FY 2025
₹10.32 Cr margin 5.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
EBITDA CAGR growth
1 year
▼ 67%
Revenue rose 4% in the latest year. EBITDA fell 67% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹10.32 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹16.6 Cr | ||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5.2% | ||
| Net Profit Margin | -8.4% | ||
| 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 | |||
To see the full financial statements and ratios of Astral Coatings Private Limited, buy the company report.
Board of directors and KMP of Astral Coatings Private Limited
Astral Coatings Private Limited currently reports 7 directors and 2 key managerial personnel. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saumya Sandeep Engineer Also directs: Kairav Chemicals Limited, Al-Aziz Plastics Private Limited, Al-Aziz Plastics Private Limited and 2 more | Director | 21 Jun 2022 | 4 Years 4 Months | Current |
| Sandeep Pravinchandra Engineer | Director | 21 Jun 2022 | 4 Years 4 Months | Current |
| Kairav Sandeep Engineer | Director | 21 Jun 2022 | 4 Years 4 Months | Current |
| Chintankumar Mahendrabhai Patel | Company Secretary | 13 Nov 2024 | 1 Years 11 Months | Current |
| Pravin Chandulal Joshi | Whole-Time Director | 06 Aug 2024 | 2 Years 2 Months | Current |
| Viral Maheshbhai Jhaveri | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Peer comparison
Astral Coatings Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Osi Systems Private Limited | ₹198.52 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| India Tindivanam Footwear Private Limited | ₹198.39 Cr (FY 2025) | 2099.0% | Tindivanam, Tamil Nadu, India | |||
| Afflatus Gravures Private Limited | ₹198.17 Cr (FY 2025) | 5.0% | Delhi, India | |||
| Rajasthan Flexible Packaging Limited | ₹198.04 Cr (FY 2025) | -4.0% | Delhi, India | |||
| Sunbond Energy Private Limited | ₹197.74 Cr (FY 2025) | 64.0% | Mitana, Gujarat, India | |||
| Astral Coatings Private Limitedthis company | ₹197.7 Cr (FY 2025) | -₹16.6 Cr | -8.4% | 4.0% | Ahmedabad, Gujarat, India | |
| Aristocraft International Pvt Ltd | ₹197.39 Cr (FY 2025) | 46.0% | New Delhi, Delhi, India | |||
| Smooth Line Writing Instruments Private Limited | ₹196.68 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Sun Glass Works Private Limited | ₹196.43 Cr (FY 2025) | 12.0% | Shikohabad, Uttar Pradesh, India | |||
| Baba Jewellers Private Limited | ₹196.24 Cr (FY 2025) | 58.0% | New Delhi, Delhi, India | |||
| Ti Medical Private Limited | ₹195.88 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Astral Coatings Private Limited, buy the company report.
Auditor
Astral Coatings Private Limited is audited by MRNM & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MRNM & CO. | FY 2024 | 013072S |
Shareholding
The shareholding of Astral Coatings Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Astral Coatings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45 Cr
Satisfied charges
₹59 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2021 | 100479471 | Hdfc Bank Limited | ₹14 Cr | Satisfied | |
| 22 Jun 2017 | 100112634 | Hdfc Bank Limited | ₹45 Cr | Satisfied |
To see the full charge records of Astral Coatings Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Astral Coatings Private Limited has 201 court cases on record: 192 filed by Astral Coatings, 9 filed against it. 152 cases are pending and 49 are disposed.
Total cases
201
Filed by the company
192
Filed against the company
9
Pending
152
Disposed
49
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 197 | 6 | 152 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 201)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Shree Ram Balaji Traders-Thirukonda Ramamoorthy Krishnan | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Shree Raaki Traders | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Astral Coatings 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 Astral Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Astral Coatings Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
Astral Coatings has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCE0011B1ZO | Gujarat | Active | 01 Apr 2024 |
| 32AAHCE0011B1ZR | Kerala | Active | 11 Apr 2023 |
| 37AAHCE0011B1ZH | Andhra Pradesh | Active | 12 Apr 2023 |
| 29AAHCE0011B1ZE | Karnataka | Active | 15 Apr 2023 |
To see the full GST registrations and return filing status of Astral Coatings Private Limited, buy the company report.
Recent activity
Astral Coatings Private Limited has 19 board changes on record since 2022: 13 appointments and 6 cessations. The latest: Chintankumar Mahendrabhai Patel was appointed as Company Secretary on 13 Nov 2024.
AGM
Astral Coatings Private Limited last Annual general meeting of members was held on 26 Aug 2025 as per latest MCA records.
Charges
A charge registered on 22 Jun 2017 via Charge ID 100112634 with Hdfc Bank Limited was fully satisfied on 12 Jun 2025.
Filing
Astral Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Chintankumar Mahendrabhai Patel was appointed as Company Secretary.
Appointed
Pravin Chandulal Joshi was appointed as Whole-Time Director.
Charges
A charge registered on 17 Jul 2021 via Charge ID 100479471 with Hdfc Bank Limited was fully satisfied on 09 Feb 2024.
Appointed
Hiranand Asandas Savlani was appointed as CFO.
Appointed
Girish Bhanubhai Joshi was appointed as Director.
Appointed
Kaushal Dakshesh Nakrani was appointed as Director.
Appointed
Viral Maheshbhai Jhaveri was appointed as Director.
Ceased
Anand Sarup Gandotra ceased to be Director.
Ceased
Ashwani Gandotra ceased to be Director.
15 earlier events are in the company report.
Frequently asked questions
Astral Coatings is an active private limited company based in Ahmedabad, Gujarat, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 20 April 2022 (4+ years old) and is registered under CIN U24222GJ2022PTC151610.
Astral Coatings has 9 current directors and KMP:
- Pravin Chandulal Joshi - Whole-Time Director
- Saumya Sandeep Engineer - Director
- Sandeep Pravinchandra Engineer - Director
- Kairav Sandeep Engineer - Director
- Viral Maheshbhai Jhaveri - Director
- Kaushal Dakshesh Nakrani - Director
- Girish Bhanubhai Joshi - Director
- Chintankumar Mahendrabhai Patel - Company Secretary
- Hiranand Asandas Savlani - Cfo
The latest financial statements of Astral Coatings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 August 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Astral Coatings is 24AAHCE0011B1ZO, registered in Gujarat. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 32AAHCE0011B1ZR (Kerala), 37AAHCE0011B1ZH (Andhra Pradesh), 29AAHCE0011B1ZE (Karnataka).
The CIN (Corporate Identification Number) of Astral Coatings is U24222GJ2022PTC151610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Astral Coatings has 201 court cases on record: 192 filed by the company and 9 filed against it. 152 are pending. Most are in the district courts.
Astral Coatings was incorporated on 20 April 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Astral Coatings by revenue are Osi Systems Private Limited, India Tindivanam Footwear Private Limited, Afflatus Gravures Private Limited, Rajasthan Flexible Packaging Limited, Sunbond Energy Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Chintankumar Mahendrabhai Patel was appointed as Company Secretary on 13 Nov 2024. Pravin Chandulal Joshi was appointed as Whole-Time Director on 06 Aug 2024. Hiranand Asandas Savlani was appointed as CFO on 16 Sep 2023. Astral Coatings has 19 board changes on record in total.
Astral Coatings can be reached through the website gem-paints.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Astral Coatings is at 2071 Astral House BH Rajpath Club, Off S. G. Highway, Ahmedabad, Gujarat, India – 380059.