GMM Coatings Private Limited

GMM Coatings Private Limited - chemicals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U24220GJ2010PTC063082 Incorporated 30 November 2010 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company chemicals MSME · Medium
Data last updated
Revenue · FY 2024
₹81.11 Cr
▼ 7% YoY
Net profit · FY 2024
₹6.38 Cr
Net margin 7.9%
EBITDA · FY 2024
₹9.99 Cr
EBITDA margin 12.3%
Authorised capital
₹1.3 Cr
Registered with MCA
Paid-up capital
₹1.21 Cr
Issued & subscribed
Satisfied charges
₹6 Lakh
No open charges
Company age
16 yrs
Est. 2010
Employees · EPFO
43
Provident fund records

About GMM Coatings Private Limited

Data last updated:

GMM Coatings Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Resonac Holdings Corporation. It operates in the medicinal chemical and botanical products segment of the chemicals sector. It was incorporated on 30 November 2010 and has been in existence for over 16 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24220GJ2010PTC063082. Its GSTIN is 24AAECG0397B1Z0 (Gujarat).

The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.21 Cr. It is led by directors including Manish Saxena (Managing Director) and Vishal Bhatnagar.

Its last annual general meeting (AGM) was held on 29 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.

As per the financials filed for FY 2024, the company reported a revenue of ₹81.11 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹6.38 Cr (net margin 7.9%) and EBITDA of ₹9.99 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 15% over five years.

The company has about 43 employees on its provident fund (EPFO) records.

As per MCA filings, the company has satisfied charges of ₹6 Lakh on record. Court records list 56 cases involving the company, including 21 filed by the company and 35 filed against it; 41 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹12.07 Cr; the latest was in March 2018. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 66 overdue payments to 42 micro and small suppliers.

GMM Coatings Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0039748). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gmmcoatings.in.

Company details

CIN U24220GJ2010PTC063082
Registration Number 063082
Incorporation Date 30 November 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 November 2024
Date of Balance Sheet 31 March 2024
Parent Company Resonac Holdings Corporation
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0039748
Key People
Manish Saxena Managing Director Vishal Bhatnagar Director Nitesh Kesherdev Goswami Director

Recognitions & Rankings of GMM Coatings

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0039748

Contact details

GMM Coatings Private Limited's registered office is in Ahmedabad, Gujarat. Its website is gmmcoatings.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gmmcoatings.in
  • Registered Address
    Private Chalet No. 17, Paragraph 1701 17th Floor B Wing Mondeal Heights Nr. Novotel Hotel Sg Highway, Ahmedabad, Gujarat, India – 380015
  • Industry
    Chemicals, Medicinal Chemical & Botanical Products, Pharmaceuticals, Chemical Products

To see the full contact details of GMM Coatings Private Limited, buy the company report.

Comprehensive company report
GMM 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 GMM Coatings is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of GMM Coatings Private Limited, buy the company report.

Financials of GMM Coatings Private Limited

FY 2024 filings available

GMM Coatings Private Limited reported revenue of ₹81.11 Cr (down 7% YoY) for FY 2024.

Revenue · FY 2024
₹81.11 Cr ▼ 7%
Net profit · FY 2024
₹6.38 Cr margin 7.9%
EBITDA · FY 2024
₹9.99 Cr margin 12.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 16%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 1%
5 years · compounded
▲ 11%

Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 37% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹9.99 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹6.38 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin12.3%
Net Profit Margin7.9%
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

To see the full financial statements and ratios of GMM Coatings Private Limited, buy the company report.

Board of directors of GMM Coatings Private Limited

GMM Coatings has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vishal BhatnagarDirector26 Jul 20242 Years 3 MonthsCurrent
Nitesh Kesherdev GoswamiDirector16 May 201115 Years 5 MonthsCurrent
Motokuni MatsudaDirector19 Jul 20242 Years 3 MonthsCurrent
Shinzo TsukamotoDirector19 Dec 20169 Years 10 MonthsCurrent
Kiyotaka YamatoDirector19 May 20251 Years 5 MonthsCurrent
Manish SaxenaManaging Director19 May 20251 Years 5 MonthsCurrent
View all directors

Auditor

GMM Coatings Private Limited is audited by BSR & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BSR & Associates LLPFY 2023116231W

Shareholding

The shareholding of GMM Coatings Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of GMM Coatings Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹6 Lakh
Breakdown by lending institutions
Others₹0.06 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Apr 2016100046802Others₹6 LakhSatisfied

To see the full charge records of GMM Coatings Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

GMM Coatings Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹12.07 Cr; the latest was in March 2018.

Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹12.07 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2018Secondary share transferUndisclosedBuyer: Resonac Holdings Corporation & Shinzo Tsukamoto, Resonac Holdings Corporation
Seller: an individual
Mar 2018Funding round₹12.07 CrInvestors: Resonac Holdings Corporation
Dec 2016Secondary share transferUndisclosedBuyer: Resonac Holdings Corporation
Seller: GMM Holdings LLC, an individual
Oct 2016Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
Dec 2014Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals

To see the full deal history of GMM Coatings Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

GMM Coatings Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 66 overdue payments to 42 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 42)

SupplierAmount dueDue sinceReported on
Rainbow Sales Corporation
DGS Engineering Solutions
an individual supplier
Champion Specialty Chemicals Private Limited
Radical Freight Services Private Limited

To see the full MSME payment records of GMM Coatings Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

GMM Coatings Private Limited has a workforce of 43 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
43
Active EPFO establishments
1
Employee growth
-6.5%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2743
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of GMM Coatings Private Limited, buy the company report.

GST

GMM Coatings has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAECG0397B1Z0GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of GMM Coatings Private Limited, buy the company report.

Recent activity

GMM Coatings Private Limited has 16 board changes on record since 2010: 6 appointments and 10 cessations. The latest: Kiyotaka Yamato ceased to be Additional Director on 26 Nov 2025.

Ceased
Kiyotaka Yamato ceased to be Additional Director.
Appointed
Kiyotaka Yamato was appointed as Director.
Appointed
Manish Saxena was appointed as Managing Director.
Ceased
Manish Saxena ceased to be Additional Director.
AGM
Gmm Coatings Private Limited last Annual general meeting of members was held on 29 Nov 2024 as per latest MCA records.
Ceased
Motokuni Matsuda ceased to be Additional Director.
Ceased
Vishal Bhatnagar ceased to be Additional Director.
Appointed
Vishal Bhatnagar was appointed as Director.
Appointed
Motokuni Matsuda was appointed as Director.
Filing
Gmm Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 01 Apr 2016 via Charge ID 100046802 with Others was fully satisfied on 23 Sep 2019.
Ceased
Shinzo Tsukamoto ceased to be Additional Director.

9 earlier events are in the company report.

Frequently asked questions

GMM Coatings is an active private limited company based in Ahmedabad, Gujarat, India. The company works in medicinal chemical and botanical products, within the chemicals industry. It was incorporated on 30 November 2010 (16+ years old) and is registered under CIN U24220GJ2010PTC063082.

GMM Coatings has 6 current directors:

The latest financial statements of GMM Coatings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 November 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of GMM Coatings is 24AAECG0397B1Z0, registered in Gujarat.

The CIN (Corporate Identification Number) of GMM Coatings is U24220GJ2010PTC063082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

GMM Coatings has 56 court cases on record: 21 filed by the company and 35 filed against it. 41 are pending. Most are in the district courts.

GMM Coatings was incorporated on 30 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.

GMM Coatings has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹12.07 Cr; the latest was in March 2018.

Kiyotaka Yamato ceased to be Additional Director on 26 Nov 2025. Kiyotaka Yamato was appointed as Director on 19 May 2025. Manish Saxena was appointed as Managing Director on 19 May 2025. GMM Coatings has 16 board changes on record in total.

Yes, GMM Coatings is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0039748).

GMM Coatings has 11 MSME Form 1 returns on record between 2019 and 2024, listing 66 overdue payments to 42 micro and small suppliers. The latest return was filed on 26 Apr 2024.