About Jai Paints & Varnish Private Limited
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Jai Paints & Varnish Private Limited is a private limited company based in Gwalior, Madhya Pradesh, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 02 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U24220MP2007PTC019968. Its GSTIN is 23AACCJ0626J1ZW (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Jitesh Nagpal and Alka Nagpal.
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 54 – B Industrial Area Maharajpura, Gwalior, Madhya Pradesh, India – 474009.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.54 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.99 Lakh (net margin 0.4%) and EBITDA of ₹35.02 Lakh (EBITDA margin 7.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹33.5 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jaypeepaints.com.
Company details
Contact details
Jai Paints & Varnish Private Limited's registered office is in Gwalior, Madhya Pradesh. Its website is jaypeepaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address54 – B Industrial Area Maharajpura, Gwalior, Madhya Pradesh, India – 474009
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Jai Paints & Varnish 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
Business activity
The main business activity of Jai Paints & Varnish 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 Jai Paints & Varnish Private Limited, buy the company report.
Financials of Jai Paints & Varnish Private Limited
FY 2024 filings availableJai Paints & Varnish Private Limited reported revenue of ₹4.54 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 7% fall in the latest year. EBITDA fell 4% 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 | ₹35.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.99 Lakh | ||||
| 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 | 7.7% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Jai Paints & Varnish Private Limited, buy the company report.
Board of directors of Jai Paints & Varnish Private Limited
Jai Paints & Varnish has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitesh Nagpal | Director | 02 Nov 2007 | 19 Years 0 Months | Current |
| Alka Nagpal | Director | 02 Nov 2007 | 19 Years 0 Months | Current |
| Priyanka Ghai | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
| Harish Kumar Nagpal | Director | 02 Nov 2007 | 19 Years 0 Months | Current |
Peer comparison
Jai Paints & Varnish Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Rini Powder Paints Private Limited | ₹4.6 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India | |||
| Veespa Paints Private Limited | ₹4.55 Cr (FY 2024) | 47.0% | Pune, Maharashtra, India | |||
| Jai Paints & Varnish Private Limitedthis company | ₹4.54 Cr (FY 2025) | ₹1.99 Lakh | 0.4% | -7.0% | 17 | Gwalior, Madhya Pradesh, India |
| Deco Coat Private Limited | ₹4.4 Cr (FY 2025) | -29.0% | Kalyan, Maharashtra, India |
To see the full peer comparison of Jai Paints & Varnish Private Limited, buy the company report.
Auditor
Jai Paints & Varnish Private Limited is audited by S D J & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S D J & ASSOCIATES | FY 2023 | 019324C |
Shareholding
The shareholding of Jai Paints & Varnish 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 Jai Paints & Varnish Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2011 | 10277062 | Nagrik Sahakari Bank Maryadit | ₹20 Lakh | Satisfied | |
| 15 Feb 2011 | 10277061 | Nagrik Sahakari Bank Marayadit Gwalior | ₹3.5 Lakh | Satisfied | |
| 29 Jun 2009 | 10165253 | Nagrik Sahakari Bank Maryadit Gwalior | ₹10 Lakh | Satisfied |
To see the full charge records of Jai Paints & Varnish Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Jai Paints & Varnish Private Limited has 3 court cases on record: 2 filed by Jai Paints & Varnish, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gwalior, Madhya Pradesh | Court case (MJC) | Filed against the company by an individual | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (EX B) | Filed by the company against an individual | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against The State of Madhya Pradesh | Disposed |
To see the full case history of Jai Paints & Varnish 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
Jai Paints & Varnish Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 10 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| M.P. Converters Pvt Ltd | |||
| Fortune Caps & Pails Private Limited | |||
| Imdadi Resin | |||
| an individual supplier |
To see the full MSME payment records of Jai Paints & Varnish Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Jai Paints & Varnish Private Limited has a workforce of 17 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 | 17 |
| 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 Jai Paints & Varnish Private Limited, buy the company report.
GST
Jai Paints & Varnish has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCJ0626J1ZW | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jai Paints & Varnish Private Limited, buy the company report.
Recent activity
Jai Paints & Varnish Private Limited has 4 board changes on record since 2007: 4 appointments. The latest: Priyanka Ghai was appointed as Director on 25 Mar 2015.
2 earlier events are in the company report.
Frequently asked questions
Jai Paints & Varnish is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 02 November 2007 (19+ years old) and is registered under CIN U24220MP2007PTC019968.
Jai Paints & Varnish has 4 current directors:
- Jitesh Nagpal - Director
- Alka Nagpal - Director
- Priyanka Ghai - Director
- Harish Kumar Nagpal - Director
The latest financial statements of Jai Paints & Varnish on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Jai Paints & Varnish is 23AACCJ0626J1ZW, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Jai Paints & Varnish is U24220MP2007PTC019968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jai Paints & Varnish has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the district courts.
Jai Paints & Varnish was incorporated on 02 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Jai Paints & Varnish by revenue are Rini Powder Paints Private Limited, Veespa Paints Private Limited, Deco Coat Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Priyanka Ghai was appointed as Director on 25 Mar 2015. Alka Nagpal was appointed as Director on 02 Nov 2007. Harish Kumar Nagpal was appointed as Director on 02 Nov 2007. Jai Paints & Varnish has 4 board changes on record in total.
Jai Paints & Varnish has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 10 overdue payments to 6 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Jai Paints & Varnish can be reached through the website jaypeepaints.com. Its registered office is in Gwalior, Madhya Pradesh, India.
The registered office of Jai Paints & Varnish is at 54 – B Industrial Area Maharajpura, Gwalior, Madhya Pradesh, India – 474009.
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