MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0024328
_PRIVATE_LIMITED.webp)
Icr Paints (India) Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.56 Cr
▼ 3% YoY
Net profit · FY 2025
₹57.46 Lakh
Net margin 2.7%
EBITDA · FY 2025
₹96.28 Lakh
EBITDA margin 4.5%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹5 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Icr Paints (India) Private Limited
Data last updated:
Icr Paints (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 06 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2014PTC255394. Its GSTIN is 27AADCI5640J1ZG (Maharashtra). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Alpesh Vinod Malaviya and Pinkesh Vinodchandra Malaviya.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.56 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹57.46 Lakh (net margin 2.7%) and EBITDA of ₹96.28 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 9 cases are pending.
Icr Paints (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0024328). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icrpaints.com.
Company details
CIN U24100MH2014PTC255394
Registration Number 255394
Incorporation Date 06 June 2014
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-MH-18-0024328
Recognitions & Rankings of Icr Paints (India)
Contact details
Icr Paints (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is icrpaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3/192 Santosh Anand Chs Ltd. New Anand Nagar Near Vakola Police Station Santacruz Ea, St, Mumbai, Maharashtra, India – 400055
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Icr Paints (India) Private Limited, buy the company report.
Comprehensive company report
Icr Paints (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Icr Paints (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Icr Paints (India) Private Limited, buy the company report.
Financials of Icr Paints (India) Private Limited
FY 2025 filings availableIcr Paints (India) Private Limited reported revenue of ₹21.56 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹21.56 Cr ▼ 3%
Net profit · FY 2025
₹57.46 Lakh margin 2.7%
EBITDA · FY 2025
₹96.28 Lakh margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 5%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 5%
5 years · compounded
▲ 5%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 2% 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 | ₹96.28 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.46 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 Icr Paints (India) Private Limited, buy the company report.
Board of directors of Icr Paints (India) Private Limited
Icr Paints (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alpesh Vinod Malaviya | Director | 06 Jun 2014 | 12 Years 4 Months | Current |
| Pinkesh Vinodchandra Malaviya | Director | 06 Jun 2014 | 12 Years 4 Months | Current |
Auditor
Icr Paints (India) Private Limited is audited by Kamlesh P. Mehta Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kamlesh P. Mehta Associates | FY 2023 | 045573 |
Shareholding
The shareholding of Icr Paints (India) 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 Icr Paints (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2023 | 100841290 | Others | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Icr Paints (India) Private Limited has 13 court cases on record: 11 filed by Icr Paints (India), 2 filed against it. 9 cases are pending and 4 are disposed.
Total cases
13
Filed by the company
11
Filed against the company
2
Pending
9
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 2 | 9 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Amal Vikram Share Holder and Director of Dmarrs Paints India Pvt.Ltd., | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S Colour Magic | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Swapnpurti Paints Prop of the Company Mr Sapantrao Anandrao Ganvad and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against M/S Royal Cars and 1 other | Pending |
To see the full case history of Icr 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
Icr Paints (India) Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment 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 |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Icr Paints (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Icr Paints (India) has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI5640J1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AADCI5640J2ZF | Maharashtra | Active | 17 Jul 2025 |
| 27AADCI5640J3ZE | Maharashtra | Active | 13 Oct 2025 |
| 29AADCI5640J1ZC | Karnataka | Active | 24 Nov 2018 |
To see the full GST registrations and return filing status of Icr Paints (India) Private Limited, buy the company report.
Recent activity
Icr Paints (India) Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Kishor Ramesh Porwal ceased to be Additional Director on 10 Nov 2019.
AGM
Icr Paints (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Icr Paints (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100841290 was registered on 30 Nov 2023.
Ceased
Kishor Ramesh Porwal ceased to be Additional Director.
Ceased
Aamir Mohammed Deepak Rao ceased to be Director.
Ceased
Deepak Narayan Rao ceased to be Director.
Appointed
Alpesh Vinod Malaviya was appointed as Director.
Appointed
Pinkesh Vinodchandra Malaviya was appointed as Director.
Incorporation
06 Jun 2014
Icr Paints (India) Private Limited was registered on 06 Jun 2014 with Roc Mumbai & aged 12 years 5 months as per MCA records.
Frequently asked questions
Icr 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 06 June 2014 (12+ years old) and is registered under CIN U24100MH2014PTC255394.
Icr Paints (India) has 2 current directors:
- Alpesh Vinod Malaviya - Director
- Pinkesh Vinodchandra Malaviya - Director
The latest financial statements of Icr Paints (India) 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 Icr Paints (India) is 27AADCI5640J1ZG, registered in Maharashtra. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 27AADCI5640J2ZF (Maharashtra), 27AADCI5640J3ZE (Maharashtra), 29AADCI5640J1ZC (Karnataka).
The CIN (Corporate Identification Number) of Icr Paints (India) is U24100MH2014PTC255394. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icr Paints (India) has 13 court cases on record: 11 filed by the company and 2 filed against it. 9 are pending.
Icr Paints (India) was incorporated on 06 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Kishor Ramesh Porwal ceased to be Additional Director on 10 Nov 2019. Aamir Mohammed Deepak Rao ceased to be Director on 09 Nov 2016. Deepak Narayan Rao ceased to be Director on 09 Nov 2016. Icr Paints (India) has 5 board changes on record in total.
Yes, Icr Paints (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0024328).
Icr Paints (India) has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 23 May 2019.
Icr Paints (India) can be reached through the website icrpaints.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages