MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-09-0000777
Gunjan Paints Limited - manufacturing in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹84.15 Cr
▲ 7% YoY
Net profit · FY 2025
₹1.36 Cr
Net margin 1.6%
EBITDA · FY 2025
₹3.34 Cr
EBITDA margin 4%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.8 Cr
Issued & subscribed
Open charges
₹18.02 Cr
Satisfied ₹28.97 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
1
Provident fund records
About Gunjan Paints Limited
Data last updated:
Gunjan Paints Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 27 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1992PLC018208. Its GSTIN is 24AAACG5470F1ZW (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.8 Cr. It was formerly known as Gunjan Organics Limited and Gunjan Organics Private Limited. It is led by directors including Gunjan Govind Borat (Whole-Time Director) and Purna Gunjan Barot (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 Block No. 1162 Moti Bhoyan Vadsar – Kalol Road Ta: Kalol, Gandhinagar, Gujarat, India – 382721.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.15 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 1.6%) and EBITDA of ₹3.34 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 38% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Gunjan Paints. As per MCA filings, the company has open charges of ₹18.02 Cr and satisfied charges of ₹28.97 Cr on record. Court records list 78 cases involving the company, including 46 filed by the company and 32 filed against it; 12 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹56 Lakh; the latest was in March 2019. Its 5 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, 2 larger and 3 smaller; the largest is Paramount Powders Private Limited with revenue of ₹91.62 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 34 overdue payments to 9 micro and small suppliers.
Gunjan Paints Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0000777). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gunjanpaints.com.
Company details
CIN U24231GJ1992PLC018208
Registration Number 018208
Incorporation Date 27 August 1992
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-09-0000777
Name history
Gunjan Paints has undergone 2 name changes throughout its history. The company was previously known as Gunjan Organics Limited, and Gunjan Organics Private Limited. The current legal name is Gunjan Paints Limited.
| Company Name | Status |
|---|---|
| Gunjan Paints Limited | Current |
| Gunjan Organics Limited | Previous |
| Gunjan Organics Private Limited | Previous |
Key People
Gunjan Govind Borat Whole-Time Director Purna Gunjan Barot Whole-Time Director Harsha Govindbhai Barot Director Recognitions & Rankings of Gunjan Paints
Contact details
Gunjan Paints Limited's registered office is in Gandhinagar, Gujarat. Its website is gunjanpaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No. 1162 Moti Bhoyan Vadsar – Kalol Road Ta: Kalol, Gandhinagar, Gujarat, India – 382721
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Gunjan Paints Limited, buy the company report.
Comprehensive company report
Gunjan Paints 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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Brands
Gunjan Paints operates one associated brand: Gunjan Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of paints, polymers, industrial chemicals, and adhesives in India. | gunjanpaints.com |
Business activity
The main business activity of Gunjan 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 Gunjan Paints Limited, buy the company report.
Financials of Gunjan Paints Limited
FY 2025 filings availableGunjan Paints Limited reported revenue of ₹84.15 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹84.15 Cr ▲ 7%
Net profit · FY 2025
₹1.36 Cr margin 1.6%
EBITDA · FY 2025
₹3.34 Cr margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 40%
5 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 41%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 7% growth in the latest year. EBITDA rose 22% 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 | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.36 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 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 Gunjan Paints Limited, buy the company report.
Board of directors of Gunjan Paints Limited
Gunjan Paints has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunjan Govind Borat | Whole-Time Director | 15 Jan 2002 | 24 Years 9 Months | Current |
| Purna Gunjan Barot | Whole-Time Director | 28 Jun 2012 | 14 Years 4 Months | Current |
| Harsha Govindbhai Barot Also directs: Harsha Texchem Pvt Ltd, Gunjan Holdings Private Limited | Director | 01 Jul 2021 | 5 Years 4 Months | Current |
Peer comparison
Gunjan Paints Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Paramount Powders Private Limited | ₹91.62 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Cipy Poly Urethanes Private Limited | ₹90.11 Cr (FY 2021) | -27.0% | Pune, Maharashtra, India | |||
| Gunjan Paints Limitedthis company | ₹84.15 Cr (FY 2025) | ₹1.36 Cr | 1.6% | 7.0% | 1 | Gandhinagar, Gujarat, India |
| Ducol Organics and Colours Limited | ₹80.84 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Acro Paints Limited | ₹80.35 Cr (FY 2023) | 10.0% | Kanpur, Uttar Pradesh, India | |||
| Chemelyne Sppecialities Private Limited | ₹79.36 Cr (FY 2025) | 117.0% | Delhi, India |
To see the full peer comparison of Gunjan Paints Limited, buy the company report.
Auditor
Gunjan Paints Limited is audited by Abhay Harsh & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Abhay Harsh & Associates LLP | FY 2023 | 135785W/W100308 |
Shareholding
The shareholding of Gunjan Paints 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 Gunjan Paints Limited, buy the company report.
Charges & borrowings
Open charges
₹18.02 Cr
Satisfied charges
₹28.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2024 | 100967082 | Axis Bank Limited | ₹3.7 Cr | Open | |
| 31 Aug 2023 | 100795747 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 23 May 2023 | 100726095 | Axis Bank Limited | ₹4.24 Cr | Open | |
| 11 Mar 2022 | 100552852 | Axis Bank Limited | ₹52 Lakh | Open | |
| 07 May 2021 | 100445169 | Axis Bank Limited | ₹90.7 Lakh | Open |
To see the full charge records of Gunjan Paints Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Gunjan Paints Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹56 Lakh; the latest was in March 2019.
Total deals
7
Secondary share transfers
5
Funding rounds
2
Disclosed funding
₹56 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Gunjan Holdings Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Gunjan Holdings Private Limited Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Hetal Investment Private Limited |
| Mar 2014 | Funding round | ₹31 Lakh | Investors: Vipul R Barot Huf, 3 individuals |
To see the full deal history of Gunjan Paints Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gunjan Paints Limited has 78 court cases on record: 46 filed by Gunjan Paints, 32 filed against it. 12 cases are pending and 66 are disposed.
Total cases
78
Filed by the company
46
Filed against the company
32
Pending
12
Disposed
66
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 26 | 10 |
| High courts | 11 | 6 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Popular Estate Management Ltd. Through Its Director Ramanbhai Bholidas Patel Residing at Ghanshyam Park Society, Satellite Road, NR. Ashwamegh, Bungalows, Ahmedabad, Gujarat ,Ahmedabad , Gujarat | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by Ramanbhai Bholidas Patel - for Popular Estate Management Ltd. | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (CMA SC) | Filed by the company against Alcor Cross Border M and A Pvt. Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Popular Estate Management Ltd | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (SMST R) | Filed by the company against M/S Alcor Cross Border M and A Pvt.Ltd. | Disposed |
To see the full case history of Gunjan Paints 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
Gunjan Paints Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 34 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Goodluck Plastic Industries | |||
| Kontact Metal Cans | |||
| Vinayak Enterprises | |||
| an individual supplier | |||
| Uniform Synthetics |
To see the full MSME payment records of Gunjan Paints Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gunjan Paints Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Gunjan Paints has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG5470F1ZW | Gujarat | Active | 01 Jul 2017 |
| 27AAACG5470F1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gunjan Paints Limited, buy the company report.
Recent activity
Gunjan Paints Limited has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Harsha Govindbhai Barot ceased to be Additional Director on 30 Nov 2021.
AGM
Gunjan Paints Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gunjan Paints Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.70 Cr with Charge ID 100967082 was registered on 20 Jul 2024.
Charges
A charge with Axis Bank Limited of Rs. 8.15 Cr registered on 07 May 2021 with Charge ID 100445619 was modified on 20 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100795747 was registered on 31 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.24 Cr with Charge ID 100726095 was registered on 23 May 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.52 Cr with Charge ID 100552852 was registered on 11 Mar 2022.
Ceased
Harsha Govindbhai Barot ceased to be Additional Director.
Ceased
Govind Dahyalal Barot ceased to be Managing Director.
Appointed
Harsha Govindbhai Barot was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.91 Cr with Charge ID 100445169 was registered on 07 May 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 8.15 Cr with Charge ID 100445619 was registered on 07 May 2021.
38 earlier events are in the company report.
Frequently asked questions
Gunjan Paints is an active public limited company based in Gandhinagar, Gujarat, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 27 August 1992 (34+ years old) and is registered under CIN U24231GJ1992PLC018208.
Gunjan Paints has 3 current directors:
- Gunjan Govind Borat - Whole-Time Director
- Purna Gunjan Barot - Whole-Time Director
- Harsha Govindbhai Barot - Director
The latest financial statements of Gunjan Paints 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 Gunjan Paints is 24AAACG5470F1ZW, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACG5470F1ZQ (Maharashtra).
The CIN (Corporate Identification Number) of Gunjan Paints is U24231GJ1992PLC018208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gunjan Paints has 78 court cases on record: 46 filed by the company and 32 filed against it. 12 are pending. Most are in the district courts.
Gunjan Paints was incorporated on 27 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gunjan Paints has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹56 Lakh; the latest was in March 2019.
The peers of Gunjan Paints by revenue are Paramount Powders Private Limited, Cipy Poly Urethanes Private Limited, Ducol Organics and Colours Limited, Acro Paints Limited, Chemelyne Sppecialities Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Harsha Govindbhai Barot ceased to be Additional Director on 30 Nov 2021. Govind Dahyalal Barot ceased to be Managing Director on 06 Jul 2021. Harsha Govindbhai Barot was appointed as Director on 01 Jul 2021. Gunjan Paints has 8 board changes on record in total.
Yes, Gunjan Paints is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-09-0000777).
Gunjan Paints has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 34 overdue payments to 9 micro and small suppliers. The latest return was filed on 29 May 2019.
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