About Hempel Paints (India) Private Limited
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Hempel Paints (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hempel Singapore Pte. Ltd.. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 17 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2009PTC195861. Its GSTIN is 27AACCH2681P1Z3 (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹69 Cr. It is led by directors including Mads Pallesen and Jonathan Edward Mercer.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹232.01 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹7.76 Cr (net margin -3.3%) and EBITDA of -₹2.44 Cr (EBITDA margin -1.1%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 15% over five years.
The company has about 271 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hempel. As per MCA filings, the company has open charges of ₹7.5 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹68.99 Cr; the latest was in May 2013. Its 4 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, 1 larger and 3 smaller; the largest is JK Maxx Paints Limited with revenue of ₹264.2 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hempel.com.
Company details
Contact details
Hempel Paints (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is hempel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor 91 Springboard Business Hub Godrej Plant No. 6, Pirojshanagar Vikhroli (West), Mumbai, Maharashtra, India – 400079
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Hempel Paints (India) 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
Brands
Hempel Paints (India) operates one associated brand: Hempel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hempel is recognized for providing high-quality protective coating solutions. | hempel.com |
Business activity
The main business activity of Hempel Paints (India) 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 Hempel Paints (India) Private Limited, buy the company report.
Financials of Hempel Paints (India) Private Limited
FY 2025 filings availableHempel Paints (India) Private Limited reported revenue of ₹232.01 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 108% 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 | ₹232.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.76 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 | -1.1% | ||||
| Net Profit Margin | -3.3% | ||||
| 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 Hempel Paints (India) Private Limited, buy the company report.
Board of directors of Hempel Paints (India) Private Limited
Hempel Paints (India) has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mads Pallesen | Director | 15 Nov 2019 | 6 Years 11 Months | Current |
| Jonathan Edward Mercer | Director | 11 May 2021 | 5 Years 6 Months | Current |
| Baladevan Nadarajan | Director | 28 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Hempel Paints (India) Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| JK Maxx Paints Limited | ₹264.2 Cr (FY 2025) | 42.0% | Kanpur, Uttar Pradesh, India | |||
| Hempel Paints (India) Private Limitedthis company | ₹232.01 Cr (FY 2025) | -₹7.76 Cr | -3.3% | -3.0% | 271 | Mumbai, Maharashtra, India |
| Technopaints and Chemicals Limited | ₹210.21 Cr (FY 2025) | 54.0% | Hyderabad, Telangana, India | |||
| Surfa Coats (India) Private Limited | ₹182.5 Cr (FY 2025) | -3.0% | Karnataka, India | |||
| SBL Specialty Coatings Private Limited | ₹178.7 Cr (FY 2025) | -1.0% | Chandigarh, India |
To see the full peer comparison of Hempel Paints (India) Private Limited, buy the company report.
Auditor
Hempel Paints (India) Private Limited is audited by Walker Chandiok &Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok &Co LLP | FY 2025 | 001076N/N500013 |
Shareholding
The shareholding of Hempel Paints (India) Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hempel Paints (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2024 | 100998528 | The Hongkong and Shanghai Banking Corporation Limited | ₹2.5 Cr | Open | |
| 10 May 2017 | 100113406 | The Hongkong and Shanghai Banking Corporation Limited | ₹2.5 Cr | Open | |
| 28 Jan 2016 | 10616427 | Hongkong and Shanghai Banking Corporation Limited | ₹2.5 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Hempel Paints (India) Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹68.99 Cr; the latest was in May 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2013 | Funding round | ₹49 Cr | Investors: Hempel Singapore Pte Limited |
| Jan 2011 | Funding round | ₹19.99 Cr | Investors: Hempel Singapore Pte Limited |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: Hempel Singapore Pte Limited, an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hempel Paints (India) Private Limited has 4 court cases on record: 3 filed by Hempel Paints (India), 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against M/S. Appli Coat Services Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against M/S. Appli Coat Services Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against M/S. Appli Coat Services Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by Commissioner of Income Tax (It)-2 | Pending |
To see the full case history of Hempel Paints (India) 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
Hempel Paints (India) Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jai Vardhman Khaniz Private Limited |
To see the full MSME payment records of Hempel Paints (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hempel Paints (India) Private Limited has a workforce of 271 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 271 |
| 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 Hempel Paints (India) Private Limited, buy the company report.
GST
Hempel Paints (India) has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH2681P1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AACCH2681P2Z2 | Maharashtra | Active | 11 Mar 2025 |
| 33AACCH2681P1ZA | Tamil Nadu | Active | 01 Jul 2017 |
| 37AACCH2681P1Z2 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hempel Paints (India) Private Limited, buy the company report.
Recent activity
Hempel Paints (India) Private Limited has 27 board changes on record since 2009: 15 appointments and 12 cessations. The latest: Baladevan Nadarajan was appointed as Director on 28 May 2025.
21 earlier events are in the company report.
Frequently asked questions
Hempel Paints (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 17 September 2009 (17+ years old) and is registered under CIN U74990MH2009PTC195861.
Hempel Paints (India) has 3 current directors:
- Mads Pallesen - Director
- Jonathan Edward Mercer - Director
- Baladevan Nadarajan - Director
The latest financial statements of Hempel Paints (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hempel Paints (India) is 27AACCH2681P1Z3, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AACCH2681P2Z2 (Maharashtra), 33AACCH2681P1ZA (Tamil Nadu), 37AACCH2681P1Z2 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Hempel Paints (India) is U74990MH2009PTC195861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hempel Paints (India) has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Hempel Paints (India) was incorporated on 17 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Hempel Paints (India) has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹68.99 Cr; the latest was in May 2013.
The peers of Hempel Paints (India) by revenue are JK Maxx Paints Limited, Technopaints and Chemicals Limited, Surfa Coats (India) Private Limited, SBL Specialty Coatings Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Baladevan Nadarajan was appointed as Director on 28 May 2025. Christophe Cyrille Xavier Lepeltier ceased to be Director on 17 Jan 2025. Christophe Cyrille Xavier Lepeltier was appointed as Director on 12 Aug 2022. Hempel Paints (India) has 27 board changes on record in total.
Hempel Paints (India) has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 24 Apr 2024.
Hempel Paints (India) can be reached through the website hempel.com. Its registered office is in Mumbai, Maharashtra, India.
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