MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0002742
Hem Paints Private Limited - musical instruments in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.51 Cr
▼ 7% YoY
Net profit · FY 2025
₹57.78 Lakh
Net margin 4.6%
EBITDA · FY 2025
₹1.13 Cr
EBITDA margin 9.1%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹54.6 Lakh
Issued & subscribed
Open charges
₹12.98 Lakh
Satisfied ₹4.94 Cr
Company age
42 yrs
Est. 1984
Directors on board
4
As per MCA filings
About Hem Paints Private Limited
Data last updated:
Hem Paints Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the sports goods segment of the musical instruments sector. It was incorporated on 09 November 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH1984PTC034504. Its GSTIN is 27AAACH0987L2Z7 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹54.6 Lakh. It is led by directors including Hemangini Jagdish Vora and Nirav Pradipbhai Vora.
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 G – 1 Khira Industrial Estates T Road Santacruz (W), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.51 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹57.78 Lakh (net margin 4.6%) and EBITDA of ₹1.13 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹12.98 Lakh and satisfied charges of ₹4.94 Cr on record. Court records list 7 cases involving the company, including 4 filed against it.
Hem Paints Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0002742). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jkexports.co.in.
Company Details of Hem Paints Private Limited
CIN U24220MH1984PTC034504
Registration Number 034504
Incorporation Date 09 November 1984
ROC Mumbai
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-32-0002742
Key People
Hemangini Jagdish Vora Director Nirav Pradipbhai Vora Director Pradipbhai Nyalchand Vora Director Recognitions & Rankings of Hem Paints
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressG – 1 Khira Industrial Estates T Road Santacruz (W), Mumbai, Maharashtra, India – 400054
- IndustryMusical Instruments, Sports Goods, Jewellery, Musical Instrument, Manufacturing
Comprehensive company report
Hem 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Hem Paints Private Limited
The main business activity of Hem Paints is manufacturing. In detail, this covers other manufacturing.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hem Paints Private Limited FY 2025 filings available
Hem Paints Private Limited reported revenue of ₹12.51 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹12.51 Cr ▼ 7%
Net profit · FY 2025
₹57.78 Lakh margin 4.6%
EBITDA · FY 2025
₹1.13 Cr margin 9.1%
Compounded Annual Growth Rate (CAGR) of Hem Paints Private Limited
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 2%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 9%
5 years · compounded
▼ 5%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 31% 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 of Hem Paints Private Limited
| 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 | ₹1.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹57.78 Lakh | •••• | •••• | •••• | •••• |
| 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 of Hem Paints Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hem Paints are in the company report.
Premium access
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Hem Paints Private Limited
Hem Paints has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemangini Jagdish Vora Also directs: J K Paints Private Limited | Director | 24 Sep 1992 | 34 Years 0 Months | Current |
| Nirav Pradipbhai Vora Also directs: J K Paints and Resins Private Limited | Director | 24 Sep 1992 | 34 Years 0 Months | Current |
| Pradipbhai Nyalchand Vora Also directs: J K Paints and Resins Private Limited | Director | 14 Nov 1984 | 41 Years 11 Months | Current |
| Jagdish Nyalchand Vora Also directs: J K Paints Private Limited | Director | 14 Nov 1984 | 41 Years 11 Months | Current |
Peer Comparison of Hem Paints Private Limited
Hem Paints Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synorganic Paints Pvt Ltd | ₹12.88 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Chinsurah, West Bengal, India |
| Waverley Paints Private Limited | ₹12.78 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Tansy Paints India Private Limited | ₹12.77 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Brooke Paints India Private Limited | ₹12.7 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Palakkad, Kerala, India |
| Austin Paints & Chemicals Private Limited | ₹12.55 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Kolkata, West Bengal, India |
| Hem Paints Private Limited this company | ₹12.51 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Chowdhury Cement & Paints Traders Private Limited | ₹12.47 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Kolkata, West Bengal, India |
| FVB Trade House Private Limited | ₹12.44 Cr (FY 2020) | •••• | •••• | 1370.0% | •••• | New Delhi, Delhi, India |
| Srujan Envitech Solutions Private Limited | ₹12.43 Cr (FY 2020) | •••• | •••• | 245.0% | •••• | Pune, Maharashtra, India |
| Tuff Coat Polymers Private Limited | ₹12.38 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Pune, Maharashtra, India |
| Colour Valley Coatings Limited | ₹12.36 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Gwalior, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Hem Paints by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hem Paints Private Limited
Hem Paints Private Limited is audited by K T Hemani & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K T Hemani & Co | Locked | Locked | Locked |
Premium access
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Hem Paints Private Limited
Premium access
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hem Paints Private Limited
Open charges
₹12.98 Lakh
Satisfied charges
₹4.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 May 2025 | Others | ₹12.98 Lakh | Open |
| 27 Sep 2023 | Others | ₹90 Lakh | Satisfied |
| 02 Sep 2022 | Others | ₹23.95 Lakh | Satisfied |
| 12 Aug 2022 | Others | ₹39.25 Lakh | Satisfied |
| 02 Aug 2021 | Others | ₹18.92 Lakh | Satisfied |
Total charge records: 11 View all charges
Legal Cases of Hem Paints Private Limited
Hem Paints Private Limited has 7 court cases on record: 4 filed against it, 3 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Total cases
7
Filed against the company
4
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Motor accident claim | Filed against the company by an individual | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax 9 | Disposed |
| High Court of Gujarat | Special civil application | Company is another party | Disposed |
| District court, RAJKOT, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Disposed |
Premium access
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Hem Paints Private Limited
Employment history and EPFO contributions of people linked to Hem Paints.
Premium access
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Hem Paints Private Limited
Hem Paints Private Limited has 4 board changes on record since 1984: 4 appointments. The latest: Hemangini Jagdish Vora was appointed as Director on 24 Sep 1992.
AGM
Hem Paints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 101107674 was registered on 28 May 2025.
Charges
A charge registered on 27 Sep 2023 via Charge ID 100796604 with Others was fully satisfied on 23 Apr 2025.
Filing
Hem Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 0.90 Cr registered on 27 Sep 2023 with Charge ID 100796604 was modified on 30 Oct 2024.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 100796604 was registered on 27 Sep 2023.
Charges
A charge registered on 02 Sep 2022 via Charge ID 100606461 with Others was fully satisfied on 25 Aug 2023.
Charges
A charge registered on 12 Aug 2022 via Charge ID 100605646 with Others was fully satisfied on 25 Aug 2023.
Charges
A charge registered on 02 Aug 2021 via Charge ID 100469969 with Others was fully satisfied on 25 Aug 2023.
Charges
A charge registered on 29 Jul 2021 via Charge ID 100468525 with Others was fully satisfied on 25 Aug 2023.
Charges
A charge with Others amounted to Rs. 0.24 Cr with Charge ID 100606461 was registered on 02 Sep 2022.
Charges
A charge with Others amounted to Rs. 0.39 Cr with Charge ID 100605646 was registered on 12 Aug 2022.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hem Paints Private Limited
Premium access
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hem Paints Private Limited
Premium access
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hem Paints Private Limited
Premium access
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hem Paints Private Limited
Hem Paints has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH0987L2Z7 | Maharashtra | Active | 15 Sep 2022 |
| 24AAACH0987L1ZE | Gujarat | Active | 01 Jul 2017 |
Premium access
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hem Paints Private Limited
Premium access
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hem Paints Private Limited
Hem Paints is an active private limited company based in Mumbai, Maharashtra, India. The company works in sports goods, within the musical instruments industry. It was incorporated on 09 November 1984 (42+ years old) and is registered under CIN U24220MH1984PTC034504.
Hem Paints reported revenue of ₹12.51 Cr for FY 2025 (down 7% YoY).
Hem Paints has 4 current directors:
- Hemangini Jagdish Vora - Director
- Nirav Pradipbhai Vora - Director
- Pradipbhai Nyalchand Vora - Director
- Jagdish Nyalchand Vora - Director
Hem Paints reported a net profit of ₹57.78 Lakh (net margin 4.6%) and EBITDA of ₹1.13 Cr (EBITDA margin 9.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hem Paints is -2% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hem Paints is 27AAACH0987L2Z7, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACH0987L1ZE (Gujarat).
The CIN (Corporate Identification Number) of Hem Paints is U24220MH1984PTC034504. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hem Paints has 7 court cases on record: 4 filed against it. Most are in the district courts.
Hem Paints was incorporated on 09 November 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hem Paints by revenue are Synorganic Paints Pvt Ltd, Waverley Paints Private Limited, Tansy Paints India Private Limited, Brooke Paints India Private Limited, Austin Paints & Chemicals Private Limited and 5 more, all in the Manufacturing industry (Paints).
Hemangini Jagdish Vora was appointed as Director on 24 Sep 1992. Nirav Pradipbhai Vora was appointed as Director on 24 Sep 1992. Jagdish Nyalchand Vora was appointed as Director on 14 Nov 1984. Hem Paints has 4 board changes on record in total.