MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-GA-01-0003737
Glow Paints Private Limited - manufacturing in Ponda, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.45 Lakh
▼ 44% YoY
Net profit · FY 2025
₹37,272
Net margin 2.1%
EBITDA · FY 2025
₹6.13 Lakh
EBITDA margin 35.1%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹28 Lakh
Issued & subscribed
Open charges
₹1.2 Cr
Satisfied ₹52.1 Lakh
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
About Glow Paints Private Limited
Data last updated:
Glow Paints Private Limited is a private limited company based in Ponda, Goa, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 28 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U24222GA1995PTC001786. Its GSTIN is 30AABCG8982F1ZN (Goa).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors including Nilima Balkrishna Shirsat and Vipinkumar Sadanand Shirsat.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 1 Shaikh Buildingnear Canara Bank Ponda, Goa, India – 403401.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.45 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹37,272 (net margin 2.1%) and EBITDA of ₹6.13 Lakh (EBITDA margin 35.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹1.2 Cr and satisfied charges of ₹52.1 Lakh on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
Glow Paints Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-01-0003737). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glow-paints-pvt-ltd.business.site.
Company details
CIN U24222GA1995PTC001786
Registration Number 001786
Incorporation Date 28 February 1995
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GA-01-0003737
Key People
Nilima Balkrishna Shirsat Director Vipinkumar Sadanand Shirsat Director Balkrishna Sadanand Shirsat Director Recognitions & Rankings of Glow Paints
Contact details
Glow Paints Private Limited's registered office is in Ponda, Goa. Its website is glow-paints-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1 Shaikh Buildingnear Canara Bank Ponda, Goa, India – 403401
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Glow Paints Private Limited, buy the company report.
Comprehensive company report
Glow Paints 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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Secure checkout · GST invoice included
Business activity
The main business activity of Glow 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 Glow Paints Private Limited, buy the company report.
Financials of Glow Paints Private Limited
FY 2022 filings availableGlow Paints Private Limited reported revenue of ₹17.45 Lakh (down 44% YoY) for FY 2025.
Revenue · FY 2025
₹17.45 Lakh ▼ 44%
Net profit · FY 2025
₹37,272 margin 2.1%
EBITDA · FY 2025
₹6.13 Lakh margin 35.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 7%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▼ 36%
3 years · compounded
▲ 49%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 44% fall in the latest year. EBITDA fell 36% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹6.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37,272 | ||||
| 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 | 35.1% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Glow Paints Private Limited, buy the company report.
Board of directors of Glow Paints Private Limited
Glow Paints has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilima Balkrishna Shirsat Also directs: Edgelaser Industries LLP, Glow Alkyd and Resin LLP | Director | 28 Feb 1995 | 31 Years 8 Months | Current |
| Vipinkumar Sadanand Shirsat | Director | 28 Feb 1995 | 31 Years 8 Months | Current |
| Balkrishna Sadanand Shirsat | Director | 28 Feb 1995 | 31 Years 8 Months | Current |
Auditor
Glow Paints Private Limited is audited by Bhalchandra Dhavalikar & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhalchandra Dhavalikar & Associates | FY 2022 | 154659 |
Shareholding
The shareholding of Glow 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 Glow Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.2 Cr
Satisfied charges
₹52.1 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2008 | 10112192 | The Goa Urban Co-Operative Bank Limited | ₹10 Lakh | Open | |
| 19 Sep 2007 | 10072181 | The Goa Urban Cooperative Bank Limited | ₹9.53 Lakh | Open | |
| 06 Jul 2007 | 10062272 | The Goa Urban Co-Operative Bank Ltd | ₹2 Lakh | Open | |
| 28 Apr 2007 | 10051560 | The Goa Urban Co-Operative Bank Ltd. | ₹4.24 Lakh | Open | |
| 15 Nov 2006 | 10027461 | The Goa Urban Co-Op Bank Ltd | ₹3.06 Lakh | Open |
To see the full charge records of Glow Paints Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Glow Paints Private Limited has 4 court cases on record: 4 filed by Glow Paints. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 0 | 2 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (TRA) | Filed by the company against The State of Goa, THR. Its Chief Secretary and 3 Ors., | Pending |
| District court, North Goa, Goa | Original application | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Original application | Filed by the company against an individual | Disposed |
To see the full case history of Glow 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 Glow Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Glow Paints has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCG8982F1ZN | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Glow Paints Private Limited, buy the company report.
Recent activity
Glow Paints Private Limited has 3 board changes on record since 1995: 3 appointments. The latest: Balkrishna Sadanand Shirsat was appointed as Director on 28 Feb 1995.
Charges
A charge registered on 31 Dec 2019 via Charge ID 100320227 with Canara Bank was fully satisfied on 04 Oct 2025.
Charges
A charge with Canara Bank of Rs. 40.10 Lakh registered on 31 Dec 2019 with Charge ID 100320227 was modified on 31 May 2023.
AGM
Glow Paints Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Glow Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Goa.
Charges
A charge with Canara Bank amounted to Rs. 40.10 Lakh with Charge ID 100320227 was registered on 31 Dec 2019.
Charges
A charge with The Goa Urban Co-Operative Bank Limited amounted to Rs. 10.00 Lakh with Charge ID 10112192 was registered on 01 Jul 2008.
Charges
A charge registered on 18 Jun 2007 via Charge ID 10058920 with The Goa Urban Co-Operative Bank Limited was fully satisfied on 31 Mar 2008.
Charges
A charge with The Goa Urban Cooperative Bank Limited amounted to Rs. 9.53 Lakh with Charge ID 10072181 was registered on 19 Sep 2007.
Charges
A charge with The Goa Urban Co-Operative Bank Ltd amounted to Rs. 2.00 Lakh with Charge ID 10062272 was registered on 06 Jul 2007.
Charges
A charge with The Goa Urban Co-Operative Bank Limited amounted to Rs. 12.00 Lakh with Charge ID 10058920 was registered on 18 Jun 2007.
Charges
A charge with The Goa Urban Co-Operative Bank Ltd. amounted to Rs. 4.24 Lakh with Charge ID 10051560 was registered on 28 Apr 2007.
Charges
A charge with The Goa Urban Co-Op Bank Ltd amounted to Rs. 3.06 Lakh with Charge ID 10027461 was registered on 15 Nov 2006.
13 earlier events are in the company report.
Frequently asked questions
Glow Paints is an active private limited company based in Ponda, Goa, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 28 February 1995 (31+ years old) and is registered under CIN U24222GA1995PTC001786.
Glow Paints has 3 current directors:
- Nilima Balkrishna Shirsat - Director
- Vipinkumar Sadanand Shirsat - Director
- Balkrishna Sadanand Shirsat - Director
The latest financial statements of Glow Paints on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Glow Paints is 30AABCG8982F1ZN, registered in Goa.
The CIN (Corporate Identification Number) of Glow Paints is U24222GA1995PTC001786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glow Paints has 4 court cases on record: 4 filed by the company. 2 are pending. Most are in the district courts.
Glow Paints was incorporated on 28 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Goa.
Balkrishna Sadanand Shirsat was appointed as Director on 28 Feb 1995. Nilima Balkrishna Shirsat was appointed as Director on 28 Feb 1995. Vipinkumar Sadanand Shirsat was appointed as Director on 28 Feb 1995.
Yes, Glow Paints is registered as a micro enterprise under Udyam registration (number: UDYAM-GA-01-0003737).
Glow Paints can be reached through the website glow-paints-pvt-ltd.business.site. Its registered office is in Ponda, Goa, India.