About Ica Pidilite Private Limited
Data last updated:
Ica Pidilite Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pidilite Industries Limited. It operates in the pharmaceuticals segment of the chemicals sector. It was incorporated on 20 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24233MH2015PTC270308. Its GSTIN is 27AABCW7477K1ZN (Maharashtra). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹6.12 Cr. It was formerly known as Wood Coat Private Limited. It is led by directors including Gira Jagdeesh Sardesai and Gautam Khurana.
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 403 404 Satellite Silver Andheri Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹378.72 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹29.44 Cr (net margin 7.8%) and EBITDA of ₹67.81 Cr (EBITDA margin 17.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 15% over five years.
The company has about 388 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ICA Pidilite and ICA Spa. As per MCA filings, the company has open charges of ₹25 Cr on record. Court records list 18 cases involving the company, including 15 filed by the company and 2 filed against it; 15 cases are pending. The company has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in March 2024. Its 10 peer companies in the Manufacturing industry (Paints) are compared by revenue, 5 larger and 5 smaller; the largest is Shakti Apifoods Private Limited. The company has 27 MSME Form 1 returns on record between 2017 and 2023, listing 320 overdue payments to 81 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 icaspa.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address403 404 Satellite Silver Andheri Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryChemicals, Pharmaceuticals, Medicinal Chemical & Botanical Products, Chemical Products
- 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
Business Activity of Ica Pidilite Private Limited
The main business activity of Ica Pidilite is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
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 Ica Pidilite Private Limited FY 2025 filings available
Ica Pidilite Private Limited reported revenue of ₹378.72 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ica Pidilite Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 17% 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 Ica Pidilite 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 | ₹67.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹29.44 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 of Ica Pidilite Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| 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 Ica Pidilite are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Ica Pidilite Private Limited
Ica Pidilite Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shakti Apifoods Private Limited | •••• | •••• | •••• | •••• | - | Malerkotla, Punjab, India |
| KCC Paint (India) Private Limited | •••• | •••• | •••• | •••• | 121 | Kancheepuram, Tamil Nadu, India |
| MRF Corp Limited | •••• | •••• | •••• | •••• | 348 | Chennai, Tamil Nadu, India |
| Valspar (India) Coatings Corporation Private Limited | •••• | •••• | •••• | •••• | 173 | Bangalore, Karnataka, India |
| Sirca Paints India Limited Listed | •••• | •••• | •••• | •••• | 835 | Delhi, India |
| Ica Pidilite Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Berger Nippon Paint Automotive Coatings Private Limited | •••• | •••• | •••• | •••• | 199 | New Delhi, Delhi, India |
| Grand Polycoats Company Private Limited | •••• | •••• | •••• | •••• | 221 | Vadodara, Gujarat, India |
| Berger Becker Coatings Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Kamdhenu Ventures Limited Listed | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Kamdhenu Colour and Coatings Limited | •••• | •••• | •••• | •••• | 417 | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Ica Pidilite by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ica Pidilite Private Limited
Ica Pidilite Private Limited is audited by KHANNA & PANCHMIA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KHANNA & PANCHMIA | Locked | Locked | Locked |
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.
Board of Directors of Ica Pidilite Private Limited
Ica Pidilite has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gira Jagdeesh Sardesai Also directs: Vinyl Chemicals (India) Limited, Novartis India Limited | Director | 28 Mar 2020 | 6 Years 6 Months | Current |
| Gautam Khurana Also directs: Indianet Consultants LLP, India Law Offices LLP, Fincimec India Private Limited and 5 more | Director | 28 Mar 2020 | 6 Years 6 Months | Current |
| Andrea Paniccia | Director | 26 Apr 2016 | 10 Years 5 Months | Current |
| Prabhakar Jain Also directs: Cornerways Consulting LLP, TTK Prestige Limited, Tenax Pidilite India Private Limited and 1 more | Director | 20 Nov 2015 | 10 Years 10 Months | Current |
| Bharat Tilakraj Puri Also directs: Pidilite Industries Limited, Tata Consumer Products Limited, Tata Motors Passenger Vehicles Limited and 3 more | Director | 20 Nov 2015 | 10 Years 10 Months | Current |
| Apurva Narendrakumar Parekh | Additional Director | 29 Jul 2025 | 1 Years 2 Months | Current |
Ownership and Shareholding of Ica Pidilite Private Limited
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 Ica Pidilite Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Nov 2017 | Others | ₹25 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Ica Pidilite Private Limited
Ica Pidilite Private Limited has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Seller: Pedilite Industries Limited, 2 individuals |
| Dec 2017 | Rights issue | ₹41.76 Cr | Investors: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals |
| Mar 2017 | Rights issue | ₹33.42 Cr | Investors: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals |
| Jun 2016 | Rights issue | ₹127.5 Cr | Investors: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ica Pidilite Private Limited
Ica Pidilite Private Limited has 18 court cases on record: 15 filed by Ica Pidilite, 2 filed against it, 1 where it is another party. 15 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 2 | 15 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Quba Kitchens Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Modular Private Limited | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Company is another party | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
Full case history
All 18 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.
MSME Payment Delays by Ica Pidilite Private Limited
Ica Pidilite Private Limited has 27 MSME Form 1 returns on record between 2017 and 2023, listing 320 overdue payments to 81 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 81)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Manoj Cargo Carriers | •••• | •••• | •••• |
| Exzone Logistics | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| The Award Gallery | •••• | •••• | •••• |
| Conventus Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 27 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Ica Pidilite Private Limited
Ica Pidilite operates two associated brands: ICA Pidilite and ICA Spa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies Italian wood finishes for design and home improvement applications. | icapidilite.com | |
| Wood coatings and glass paints are manufactured by ICA Group. | icaspa.com |
Employees and EPFO Compliance at Ica Pidilite Private Limited
Ica Pidilite Private Limited has a workforce of 388 employees as of Mar 29, 2024.
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 Ica Pidilite Private Limited
Ica Pidilite Private Limited has 11 board changes on record since 2015: 9 appointments and 2 cessations. The latest: Apurva Narendrakumar Parekh was appointed as Additional Director on 29 Jul 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ica Pidilite Private Limited
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.
Subsidiaries & Group Companies of Ica Pidilite Private Limited
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 Ica Pidilite Private Limited
Ica Pidilite has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW7477K1ZN | Maharashtra | Active | 01 Jul 2017 |
| 27AABCW7477K3ZL | Maharashtra | Active | 06 Mar 2023 |
| 24AABCW7477K1ZT | Gujarat | Active | 01 Jul 2017 |
| 09AABCW7477K1ZL | Uttar Pradesh | Active | 04 Jul 2019 |
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 Ica Pidilite Private Limited
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 Ica Pidilite Private Limited
Ica Pidilite is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceuticals, within the chemicals industry. It was incorporated on 20 November 2015 (11+ years old) and is registered under CIN U24233MH2015PTC270308.
Ica Pidilite reported revenue of ₹378.72 Cr for FY 2025 (down 5% YoY).
Ica Pidilite has 7 current directors:
- Gira Jagdeesh Sardesai - Director
- Gautam Khurana - Director
- Andrea Paniccia - Director
- Prabhakar Jain - Director
- Bharat Tilakraj Puri - Director
- Apurva Narendrakumar Parekh - Additional Director
- Peter Joseph Ippolito - Director
Ica Pidilite reported a net profit of ₹29.44 Cr (net margin 7.8%) and EBITDA of ₹67.81 Cr (EBITDA margin 17.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ica Pidilite is 11% over three years and 15% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ica Pidilite is 27AABCW7477K1ZN, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCW7477K3ZL (Maharashtra), 24AABCW7477K1ZT (Gujarat), 09AABCW7477K1ZL (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ica Pidilite is U24233MH2015PTC270308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ica Pidilite has 18 court cases on record: 15 filed by the company and 2 filed against it. 15 are pending.
Ica Pidilite was incorporated on 20 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Ica Pidilite has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in March 2024.
The peers of Ica Pidilite by revenue are Shakti Apifoods Private Limited, KCC Paint (India) Private Limited, MRF Corp Limited, Valspar (India) Coatings Corporation Private Limited, Sirca Paints India Limited and 5 more, all in the Manufacturing industry (Paints).
Apurva Narendrakumar Parekh was appointed as Additional Director on 29 Jul 2025. Salil Nagesh Dalal ceased to be Director on 28 Jul 2025. Peter Joseph Ippolito was appointed as Director on 03 Aug 2023. Ica Pidilite has 11 board changes on record in total.