About Grand Polycoats Company Private Limited
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Grand Polycoats Company Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 10 February 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ1988PTC010350. Its GSTIN is 24AAACG8439N1Z8 (Gujarat). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.29 Cr. It is led by directors including Bharat Punjalal Chokshi (Managing Director) and Ankur Bharat Chokshi (Whole-Time Director).
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 Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹328.41 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹36.83 Cr (net margin 11.2%) and EBITDA of ₹51.16 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 16% over five years.
The company has about 164 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.53 Cr and satisfied charges of ₹7.73 Cr on record. Court records list 21 cases involving the company, including 16 filed by the company and 7 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹51.3 Lakh; the latest was in December 2020. Its 8 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 3 smaller; the largest is MRF Corp Limited with revenue of ₹476.3 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 71 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grandpolycoats.com.
Company details
Contact details
Grand Polycoats Company Private Limited's registered office is in Vadodara, Gujarat. Its website is grandpolycoats.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGp House, Vasna Gotri Road Near Nilamber Primero, Vadodara, Gujarat, India – 390021
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Grand Polycoats Company Private Limited, buy the company report.
- 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
Business activity
The main business activity of Grand Polycoats Company 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 Grand Polycoats Company Private Limited, buy the company report.
Financials of Grand Polycoats Company Private Limited
FY 2025 filings availableGrand Polycoats Company Private Limited reported revenue of ₹328.41 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 6% growth in the latest year. EBITDA rose 26% 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 |
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| EBITDA | ₹51.16 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹36.83 Cr | ||||
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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 | 15.6% | ||||
| Net Profit Margin | 11.2% | ||||
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To see the full financial statements and ratios of Grand Polycoats Company Private Limited, buy the company report.
Board of directors of Grand Polycoats Company Private Limited
Grand Polycoats Company has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Bharat Chokshi Also directs: Admark Polycoats Private Limited | Whole-Time Director | 26 Aug 2021 | 5 Years 2 Months | Current |
| Bipinbhai Ambalal Shah | Director | 06 May 2019 | 7 Years 5 Months | Current |
| Anita Bharat Chokshi Also directs: Novosis Green Technologies LLP, BPC Innovation LLP, Admark Polycoats Private Limited and 1 more | Director | 10 Feb 1988 | 38 Years 8 Months | Current |
| Bharat Punjalal Chokshi | Managing Director | 10 Feb 1988 | 38 Years 8 Months | Current |
Peer comparison
Grand Polycoats Company Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| MRF Corp Limited | ₹476.3 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| Valspar (India) Coatings Corporation Private Limited | ₹472.86 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| Sirca Paints India Limited | ₹379.16 Cr (FY 2025) | 19.0% | Delhi, India | |||
| Ica Pidilite Private Limited | ₹378.72 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Berger Nippon Paint Automotive Coatings Private Limited | ₹376.73 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Grand Polycoats Company Private Limitedthis company | ₹328.41 Cr (FY 2025) | ₹36.83 Cr | 11.2% | 6.0% | 164 | Vadodara, Gujarat, India |
| Berger Becker Coatings Private Limited | ₹316.49 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Kamdhenu Colour and Coatings Limited | ₹266.56 Cr (FY 2025) | -9.0% | Gurgaon, Haryana, India | |||
| JK Maxx Paints Limited | ₹264.2 Cr (FY 2025) | 42.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Grand Polycoats Company Private Limited, buy the company report.
Auditor
Grand Polycoats Company Private Limited is audited by SHAH & BHANDARI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & BHANDARI | FY 2023 | 118852W |
Shareholding
The shareholding of Grand Polycoats Company 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 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 Grand Polycoats Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2021 | 100536607 | Others | ₹7.5 Cr | Open | |
| 23 Feb 1989 | 90111993 | Bank of India | ₹3 Lakh | Open | |
| 08 Jun 2020 | 100343801 | Others | ₹1.95 Cr | Satisfied | |
| 07 Mar 2019 | 100266833 | Others | ₹55 Lakh | Satisfied | |
| 01 Sep 2007 | 10069386 | Bank of Baroda | ₹3.25 Cr | Satisfied |
To see the full charge records of Grand Polycoats Company Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Grand Polycoats Company Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹51.3 Lakh; the latest was in December 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Jan 2008 | Funding round | ₹51.3 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Grand Polycoats Company Private Limited has 21 court cases on record: 16 filed by Grand Polycoats Company, 7 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 6 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against Tusker Cranes Pvt.Ltd Through Saket Agarwal and 2 others | Pending |
| District court, Vadodara, Gujarat | Court case (SMST R) | Filed by the company against Excelon Coatings Pvt. Ltd. and 1 other | Disposed |
| District court, Vadodara, Gujarat | Court case (CMA SC) | Filed against the company by Dr, Pradeepkumar Agrawal Executive Director Grand Polycoats Co. Pvt. Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (CMA SC) | Filed by the company against Grand Polycoats Co. Pvt. Ltd. and 1 other | Disposed |
| District court, Pune, Maharashtra | Court case (C.Appln.) | Filed by the company against Ms. Spacetech Equipments and Structurals Pvt.Ltd. Etc.1 and 1 other | Disposed |
To see the full case history of Grand Polycoats Company 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.
Credit ratings & regulatory alerts
Grand Polycoats Company Private Limited was last rated by Crisil on 27 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Jan 2020 |
To see the full credit ratings and regulatory alerts of Grand Polycoats Company Private Limited, buy the company report.
MSME payment delays
Grand Polycoats Company Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 71 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Resins and Plastics Limited | |||
| Aroma Chemical Agencies (India) Private Limited | |||
| Anupam Colours & Chemicals Industries |
To see the full MSME payment records of Grand Polycoats Company Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Grand Polycoats Company Private Limited has a workforce of 164 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Grand Polycoats Company has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG8439N1Z8 | Gujarat | Active | 01 Jul 2017 |
| 27AAACG8439N1Z2 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACG8439N1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAACG8439N1Z3 | Telangana | Active | 18 Apr 2018 |
To see the full GST registrations and return filing status of Grand Polycoats Company Private Limited, buy the company report.
Recent activity
Grand Polycoats Company Private Limited has 10 board changes on record since 1988: 4 appointments and 6 cessations. The latest: Maulik Chandraketu Mehta ceased to be Director on 01 Jun 2023.
15 earlier events are in the company report.
Frequently asked questions
Grand Polycoats Company is an active private limited company based in Vadodara, Gujarat, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 10 February 1988 (38+ years old) and is registered under CIN U74999GJ1988PTC010350.
Grand Polycoats Company has 4 current directors:
- Bharat Punjalal Chokshi - Managing Director
- Ankur Bharat Chokshi - Whole-Time Director
- Bipinbhai Ambalal Shah - Director
- Anita Bharat Chokshi - Director
The latest financial statements of Grand Polycoats Company 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 Grand Polycoats Company is 24AAACG8439N1Z8, registered in Gujarat. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 27AAACG8439N1Z2 (Maharashtra), 33AAACG8439N1Z9 (Tamil Nadu), 36AAACG8439N1Z3 (Telangana).
The CIN (Corporate Identification Number) of Grand Polycoats Company is U74999GJ1988PTC010350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grand Polycoats Company has 21 court cases on record: 16 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Grand Polycoats Company was incorporated on 10 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Grand Polycoats Company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹51.3 Lakh; the latest was in December 2020.
The peers of Grand Polycoats Company by revenue are MRF Corp Limited, Valspar (India) Coatings Corporation Private Limited, Sirca Paints India Limited, Ica Pidilite Private Limited, Berger Nippon Paint Automotive Coatings Private Limited and 3 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Maulik Chandraketu Mehta ceased to be Director on 01 Jun 2023. Anita Bharat Chokshi ceased to be Whole-Time Director on 01 Feb 2022. Ankur Bharat Chokshi was appointed as Whole-Time Director on 26 Aug 2021. Grand Polycoats Company has 10 board changes on record in total.
Grand Polycoats Company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 71 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 May 2019.
Grand Polycoats Company can be reached through the website grandpolycoats.com. Its registered office is in Vadodara, Gujarat, India.
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