MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0009790
Innocoat Systems (India) Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹27.99 Cr
▼ 10% YoY
Net profit · FY 2024
₹1.25 Cr
Net margin 4.5%
EBITDA · FY 2024
₹3.05 Cr
EBITDA margin 10.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹90 Lakh
Issued & subscribed
Open charges
₹16 Cr
Satisfied ₹1.06 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
68
Provident fund records
About Innocoat Systems (India) Private Limited
Data last updated:
Innocoat Systems (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 02 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2008PTC047018. Its GSTIN is 29AABCI9310H1ZK (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹90 Lakh. It is led by directors Atoor Dilipkumar and Sindhu Dilip.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.33 Andhra Halli Yeshwanthpur Hobli, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.99 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 4.5%) and EBITDA of ₹3.05 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 9% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Innocoat Systems. As per MCA filings, the company has open charges of ₹16 Cr and satisfied charges of ₹1.06 Cr on record.
Innocoat Systems (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0009790). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innocoatsystems.com.
Company Details of Innocoat Systems (India) Private Limited
CIN U74900KA2008PTC047018
Registration Number 047018
Incorporation Date 02 July 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-02-0009790
Key People
Atoor Dilipkumar Director Sindhu Dilip Director Recognitions & Rankings of Innocoat Systems (India)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.33 Andhra Halli Yeshwanthpur Hobli, Bangalore, Karnataka, India – 560091
- IndustryManufacturing, Paint & Coatings
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Associated Brands with Innocoat Systems (India) Private Limited
Innocoat Systems (India) operates one associated brand: Innocoat Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Surface finishing and coating services focusing on powder, PVDF, FEVE, and wood effect coatings in India. | innocoatsystems.com |
Business Activity of Innocoat Systems (India) Private Limited
The main business activity of Innocoat Systems (India) is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Innocoat Systems (India) Private Limited FY 2024 filings available
Innocoat Systems (India) Private Limited reported revenue of ₹27.99 Cr (down 10% YoY) for FY 2024.
Revenue · FY 2024
₹27.99 Cr ▼ 10%
Net profit · FY 2024
₹1.25 Cr margin 4.5%
EBITDA · FY 2024
₹3.05 Cr margin 10.9%
Compounded Annual Growth Rate (CAGR) of Innocoat Systems (India) Private Limited
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 21%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 20%
5 years · compounded
▲ 4%
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 5% 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 Innocoat Systems (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.25 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 Innocoat Systems (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• | •••• | •••• |
| 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 Innocoat Systems (India) are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Innocoat Systems (India) Private Limited
Innocoat Systems (India) has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atoor Dilipkumar | Director | 02 Jul 2008 | 18 Years 3 Months | Current |
| Sindhu Dilip | Director | 02 Jul 2008 | 18 Years 3 Months | Current |
Peer Comparison of Innocoat Systems (India) Private Limited
Innocoat Systems (India) 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 |
|---|---|---|---|---|---|---|
| Royalti Paint Industries Private Limited | ₹30.34 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Namakkal, Tamil Nadu, India |
| Jepika Paints Pvt Ltd | ₹29.16 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Indore, Madhya Pradesh, India |
| Uday Colour and Chemicals Pvt Ltd | ₹28.76 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Ludhiana, Punjab, India |
| Singhal Hardware & Paints Private Limited | ₹28.48 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Harlequin Paints Private Limited | ₹28.22 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Innocoat Systems (India) Private Limited this company | ₹27.99 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Bangalore, Karnataka, India |
| Marigold Paints Private Limited | ₹27.93 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Vallabh Vidyangar, Gujarat, India |
| Decotouch Paints Limited | ₹27.83 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Delhi, India |
| Kripton Powder Paints Private Limited | ₹27.83 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Nashik, Maharashtra, India |
| Indian Aerosols Private Limited | ₹27.68 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | New Delhi, Delhi, India |
| Setwell Coatings (India) Private Limited | ₹27.67 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Innocoat Systems (India) 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 Innocoat Systems (India) Private Limited
Innocoat Systems (India) Private Limited is audited by RAVIPRASAD THANTRY K R for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAVIPRASAD THANTRY K R | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Innocoat Systems (India) Private Limited
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Charges & Borrowings of Innocoat Systems (India) Private Limited
Open charges
₹16 Cr
Satisfied charges
₹1.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2025 | Hdfc Bank Limited | ₹13.68 Lakh | Open |
| 14 Feb 2024 | Hdfc Bank Limited | ₹49.88 Lakh | Open |
| 30 Jul 2022 | Others | ₹8.74 Cr | Open |
| 19 Nov 2021 | Tata Capital Housing Finance Limited | ₹1.2 Cr | Open |
| 31 Aug 2017 | Others | ₹15.05 Lakh | Open |
Total charge records: 9 View all charges
Employees and EPFO Compliance at Innocoat Systems (India) Private Limited
Innocoat Systems (India) Private Limited has a workforce of 68 employees as of Apr 06, 2024.
Employee count
68
Active EPFO establishments
1
Employee growth
30.77%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Innocoat Systems (India) Private Limited
Innocoat Systems (India) Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Atoor Dilipkumar was appointed as Director on 02 Jul 2008.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 101110845 was registered on 28 Feb 2025.
Charges
A charge with Others of Rs. 8.74 Cr registered on 30 Jul 2022 with Charge ID 100628634 was modified on 31 Jan 2025.
AGM
Innocoat Systems (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Innocoat Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100926839 was registered on 14 Feb 2024.
Charges
A charge with Others amounted to Rs. 8.74 Cr with Charge ID 100628634 was registered on 30 Jul 2022.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 1.20 Cr with Charge ID 100538554 was registered on 19 Nov 2021.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100129988 was registered on 31 Aug 2017.
Charges
A charge with Others of Rs. 5.14 Cr registered on 08 Jul 2015 with Charge ID 10584971 was modified on 14 Aug 2017.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100076579 was registered on 17 Jan 2017.
Charges
A charge registered on 17 Dec 2012 via Charge ID 10392863 with Corporation Bank was fully satisfied on 06 Aug 2015.
Charges
A charge with Others amounted to Rs. 5.14 Cr with Charge ID 10584971 was registered on 08 Jul 2015.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Innocoat Systems (India) Private Limited
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MSME Payment Delays by Innocoat Systems (India) Private Limited
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Subsidiaries & Group Companies of Innocoat Systems (India) Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Innocoat Systems (India) Private Limited
Innocoat Systems (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI9310H1ZK | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Innocoat Systems (India) Private Limited
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Frequently Asked Questions about Innocoat Systems (India) Private Limited
Innocoat Systems (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 02 July 2008 (18+ years old) and is registered under CIN U74900KA2008PTC047018.
Innocoat Systems (India) reported revenue of ₹27.99 Cr for FY 2024 (down 10% YoY).
Innocoat Systems (India) has 2 current directors:
- Atoor Dilipkumar - Director
- Sindhu Dilip - Director
Innocoat Systems (India) reported a net profit of ₹1.25 Cr (net margin 4.5%) and EBITDA of ₹3.05 Cr (EBITDA margin 10.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innocoat Systems (India) is 21% over three years and 9% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innocoat Systems (India) is 29AABCI9310H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Innocoat Systems (India) is U74900KA2008PTC047018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innocoat Systems (India) was incorporated on 02 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Innocoat Systems (India) by revenue are Royalti Paint Industries Private Limited, Jepika Paints Pvt Ltd, Uday Colour and Chemicals Pvt Ltd, Singhal Hardware & Paints Private Limited, Harlequin Paints Private Limited and 5 more, all in the Manufacturing industry (Paints).
Atoor Dilipkumar was appointed as Director on 02 Jul 2008. Sindhu Dilip was appointed as Director on 02 Jul 2008.
Yes, Innocoat Systems (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0009790).