MSME (Udyam registered) Ministry of MSME
- Category
- Small (2020-21)
- Udyam number
- UDYAM-KR-29-0001129
Indocem Colours Private Limited - manufacturing in Harohalli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹33.87 Cr
▲ 10% YoY
Net loss · FY 2025
₹2.38 Cr
Net margin -7%
EBITDA · FY 2025
₹61.72 Lakh
EBITDA margin 1.8%
Authorised capital
₹2.25 Cr
Registered with MCA
Paid-up capital
₹2.25 Cr
Issued & subscribed
Open charges
₹12.05 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
70
Provident fund records
About Indocem Colours Private Limited
Data last updated:
Indocem Colours Private Limited is a private limited company based in Harohalli, Karnataka, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 22 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24100KA2014PTC076531. Its GSTIN is 29AABCW5622Q1ZO (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.25 Cr. It was formerly known as Winsid Coatings (India) Private Limited. It is led by directors including Ketan Shantilal Shah and Jaishree Ketan Shah.
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 Survey 93/3 Harohalli Hobli Medaramahalli Village Kanakpura Taluk Near KIADB Inds, L Area, Karnataka, India – 562112.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.87 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹2.38 Cr (net margin -7%) and EBITDA of ₹61.72 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.05 Cr on record. Court records list 15 cases involving the company, including 8 filed by the company and 7 filed against it; 3 cases are pending.
Indocem Colours Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-29-0001129). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iscpl.in.
Company details
CIN U24100KA2014PTC076531
Registration Number 076531
Incorporation Date 22 September 2014
ROC Bangalore
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-KR-29-0001129
Recognitions & Rankings of Indocem Colours
Contact details
Indocem Colours Private Limited's registered office is in Harohalli, Karnataka. Its website is iscpl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey 93/3 Harohalli Hobli Medaramahalli Village Kanakpura Taluk Near KIADB Inds, L Area, Karnataka, India – 562112
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Indocem Colours Private Limited, buy the company report.
Comprehensive company report
Indocem Colours 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
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Business activity
The main business activity of Indocem Colours 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 Indocem Colours Private Limited, buy the company report.
Financials of Indocem Colours Private Limited
FY 2025 filings availableIndocem Colours Private Limited reported revenue of ₹33.87 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹33.87 Cr ▲ 10%
Net loss · FY 2025
₹2.38 Cr margin -7%
EBITDA · FY 2025
₹61.72 Lakh margin 1.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 80%
3 years · compounded
▼ 27%
5 years · compounded
▼ 26%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 10% growth in the latest year. EBITDA fell 80% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹61.72 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.38 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | -7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Indocem Colours Private Limited, buy the company report.
Board of directors of Indocem Colours Private Limited
Indocem Colours has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketan Shantilal Shah Also directs: Indocem (India) Private Limited | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
| Jaishree Ketan Shah Also directs: Nexkraft Interio LLP, Indocem Marketing Pvt Ltd | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
| Nagajyothi Nama | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
| Nama Narayana Prasad Also directs: Steel Statica Private Limited | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Indocem Colours Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Monopol Colors India Private Limited | ₹34.59 Cr (FY 2025) | 10.0% | Panvel, Maharashtra, India | |||
| Kupsa Coatings Private Limited | ₹34.29 Cr (FY 2025) | 4.0% | Pune, Maharashtra, India | |||
| Indocem Colours Private Limitedthis company | ₹33.87 Cr (FY 2025) | -₹2.38 Cr | -7% | 10.0% | 70 | Harohalli, Karnataka, India |
| Ecopaints Private Limited | ₹33.66 Cr (FY 2024) | 29.0% | Ahmedabad, Gujarat, India | |||
| P.C.Chanda & Co. Private Limited | ₹33.43 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India | |||
| Haryana Coating Private Limited | ₹32.8 Cr (FY 2025) | -8.0% | Faridabad, Haryana, India | |||
| Tulsi Chemicals and Paints Private Limited | ₹32.52 Cr (FY 2024) | -3.0% | Nanded, Maharashtra, India |
To see the full peer comparison of Indocem Colours Private Limited, buy the company report.
Auditor
Indocem Colours Private Limited is audited by PATWAANDSHAH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATWAANDSHAH | FY 2023 | 0131057W |
Shareholding
The shareholding of Indocem Colours 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 Indocem Colours Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.05 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2019 | 100308879 | Karnataka State Financial Corporation | ₹60 Lakh | Open | |
| 24 Nov 2018 | 100241854 | Others | ₹7.95 Cr | Open | |
| 08 Dec 2016 | 100077037 | Karnataka State Financial Corporation | ₹3.5 Cr | Open |
To see the full charge records of Indocem Colours Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Indocem Colours Private Limited has 15 court cases on record: 8 filed by Indocem Colours, 7 filed against it. 3 cases are pending and 12 are disposed.
Total cases
15
Filed by the company
8
Filed against the company
7
Pending
3
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 7 | 3 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by M/S Vimal Intertrade Pvt Ltd | Disposed |
| District court, RAMANAGARAM, Karnataka | Civil suit | Filed against the company by Pigeon Appliances Private Limited | Disposed |
| District court, Puducherry | Criminal case | Filed against the company by an individual | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Aditya Birla Capital Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Indocem Colours 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
Indocem Colours 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 |
|---|---|---|---|
| Associated Road Carriers Ltd |
To see the full MSME payment records of Indocem Colours Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indocem Colours Private Limited has a workforce of 70 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
-9.09%
GST
Indocem Colours has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
6
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW5622Q1ZO | Karnataka | Active | 01 Jul 2017 |
| 36AABCW5622Q1ZT | Telangana | Active | 01 Jul 2017 |
| 27AABCW5622Q1ZS | Maharashtra | Active | 27 Dec 2017 |
| 33AABCW5622Q1ZZ | Tamil Nadu | Active | 24 Mar 2021 |
To see the full GST registrations and return filing status of Indocem Colours Private Limited, buy the company report.
Recent activity
Indocem Colours Private Limited has 4 board changes on record since 2014: 4 appointments. The latest: Jaishree Ketan Shah was appointed as Director on 22 Sep 2014.
AGM
Indocem Colours Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indocem Colours Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 7.95 Cr registered on 24 Nov 2018 with Charge ID 100241854 was modified on 31 Jan 2024.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 0.60 Cr with Charge ID 100308879 was registered on 14 Oct 2019.
Charges
A charge with Others amounted to Rs. 7.95 Cr with Charge ID 100241854 was registered on 24 Nov 2018.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 3.50 Cr with Charge ID 100077037 was registered on 08 Dec 2016.
Appointed
Jaishree Ketan Shah was appointed as Director.
Appointed
Ketan Shantilal Shah was appointed as Director.
Appointed
Nagajyothi Nama was appointed as Director.
Appointed
Nama Narayana Prasad was appointed as Director.
Incorporation
22 Sep 2014
Indocem Colours Private Limited was registered on 22 Sep 2014 with Roc Bangalore & aged 12 years 1 month as per MCA records.
Frequently asked questions
Indocem Colours is an active private limited company based in Harohalli, Karnataka, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 22 September 2014 (12+ years old) and is registered under CIN U24100KA2014PTC076531.
Indocem Colours has 4 current directors:
- Ketan Shantilal Shah - Director
- Jaishree Ketan Shah - Director
- Nagajyothi Nama - Director
- Nama Narayana Prasad - Director
The latest financial statements of Indocem Colours 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 Indocem Colours is 29AABCW5622Q1ZO, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 36AABCW5622Q1ZT (Telangana), 27AABCW5622Q1ZS (Maharashtra), 33AABCW5622Q1ZZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Indocem Colours is U24100KA2014PTC076531. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indocem Colours has 15 court cases on record: 8 filed by the company and 7 filed against it. 3 are pending.
Indocem Colours was incorporated on 22 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Indocem Colours by revenue are Monopol Colors India Private Limited, Kupsa Coatings Private Limited, Ecopaints Private Limited, P.C.Chanda & Co. Private Limited, Haryana Coating Private Limited and 1 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jaishree Ketan Shah was appointed as Director on 22 Sep 2014. Ketan Shantilal Shah was appointed as Director on 22 Sep 2014. Nagajyothi Nama was appointed as Director on 22 Sep 2014. Indocem Colours has 4 board changes on record in total.
Yes, Indocem Colours is registered as a small enterprise under Udyam registration (number: UDYAM-KR-29-0001129).
Indocem Colours 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 01 Jun 2019.
Indocem Colours can be reached through the website iscpl.in. Its registered office is in Harohalli, Karnataka, India.