About JSW Paints Limited
Data last updated:
JSW Paints Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the chemical products segment of the chemicals sector. It was incorporated on 25 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24200MH2016PLC273511. Its GSTIN is 27AADCJ6739M1ZZ (Maharashtra). The company holds 25 GST registrations, all of them active.
The company has an authorised share capital of ₹270 Cr and a paid-up capital of ₹248.68 Cr. It is led by directors including Parth Sajjan Jindal (Managing Director) and Ashish Rai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jindal Mansion 5A Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India – 400026.
As per the financials filed for FY 2026, the company reported a revenue of ₹3,472.54 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹18.14 Cr (net margin 0.5%) and EBITDA of ₹305.72 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 51% over five years.
The company has about 1,443 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: JSW Paints. As per MCA filings, the company has open charges of ₹925.5 Cr and satisfied charges of ₹514.1 Cr on record. The company has 12 deals on record (5 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹900 Cr; 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 U K Paints (India) Private Limited with revenue of ₹13,476 Cr. The company has 10 MSME Form 1 returns on record between 2018 and 2021, listing 171 overdue payments to 112 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 jswpaints.in.
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- Registered AddressJindal Mansion 5A Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India – 400026
- IndustryChemicals, Chemical Products, Medicinal Chemical & Botanical Products, Pharmaceuticals
- 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 JSW Paints Limited
The main business activity of JSW Paints 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 JSW Paints Limited FY 2025 filings available
JSW Paints Limited reported revenue of ₹3,472.54 Cr (up 61% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of JSW Paints Limited
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 61% growth 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 JSW Paints Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹305.72 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.14 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 JSW Paints Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 JSW Paints 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 JSW Paints Limited
JSW Paints 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 |
|---|---|---|---|---|---|---|
| U K Paints (India) Private Limited | ₹13,476 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Gurugram, Haryana, India |
| Berger Paints India Limited Listed | ₹11,639 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Kansai Nerolac Paints Limited Listed | ₹7,486.41 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| JSW Dulux Limited Listed | ₹4,118.8 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| JSW Paints Limited this company | ₹3,472.54 Cr (FY 2026) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
| PPG Asian Paints Private Limited | ₹2,165.46 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Visen Industries Limited | ₹1,990.49 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Indigo Paints Limited Listed | ₹1,359.17 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Nippon Paint (India) Private Limited | ₹1,265.99 Cr (FY 2021) | •••• | •••• | -1.0% | •••• | Sunguvarchatiram, Tamil Nadu, India |
| Asian Paints PPG Private Limited | ₹1,199.16 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below JSW Paints 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 JSW Paints Limited
JSW Paints Limited is audited by SHAH GUPTA & CO for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAH GUPTA & CO | 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 JSW Paints Limited
JSW Paints has 7 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundaresan Suryanarayana Arumbakkam | Director | 05 Aug 2016 | 10 Years 2 Months | Current |
| Gautam Chainani | Director | 25 May 2022 | 4 Years 4 Months | Current |
| Ashish Rai Also directs: Paints and Coatings Skill Council | Whole-Time Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Vijay Madhusudan Bhat Also directs: Roots and Wings Consulting Services Private Limited | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Parth Sajjan Jindal Also directs: JSW Ventures Fund Managers LLP, Centre Court Capital Fund Managers Ifsc LLP, Kleron Ventures LLP and 5 more | Managing Director | 05 Aug 2016 | 10 Years 2 Months | Current |
| Rajeshwari Srinivasan Also directs: Sama Ventures LLP, Nuxalbari Tea Company Private Limited, Bagmane Realty Investment Manager Private Limited and 1 more | Director | 01 Feb 2025 | 1 Years 8 Months | Current |
Ownership and Shareholding of JSW Paints 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 JSW Paints Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2025 | Others | ₹25 Lakh | Open |
| 26 Mar 2025 | Others | ₹144 Cr | Open |
| 17 May 2023 | Others | ₹100 Cr | Open |
| 10 Mar 2023 | Others | ₹126.25 Cr | Open |
| 25 Feb 2022 | Others | ₹100 Cr | Open |
Total charge records: 17 View all charges
Deals & Funding of JSW Paints Limited
JSW Paints Limited has 12 deals on record (5 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹900 Cr; the latest was in March 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round | ₹250 Cr | Investors: JSW Steel Limited |
| Aug 2022 | Funding round | ₹200 Cr | Investors: JSW Steel Limited |
| Jul 2021 | Funding round | ₹300 Cr | Investors: JSW Steel Limited |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Sajjan Jindal Family Trust Seller: JSW Shipping & Logistics Private Limited |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Sajjan Jindal Family Trust Seller: JSW Shipping & Logistics Private Limited |
Full deal history
All 12 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.
MSME Payment Delays by JSW Paints Limited
JSW Paints Limited has 10 MSME Form 1 returns on record between 2018 and 2021, listing 171 overdue payments to 112 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 112)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Voxco Pigments and Chemicals Private Limited | •••• | •••• | •••• |
| Virgo Paints Private Limited | •••• | •••• | •••• |
| Corob India Private Limited | •••• | •••• | •••• |
| BDC Distribution Private Limited | •••• | •••• | •••• |
| Manika Plastech Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 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 JSW Paints Limited
JSW Paints operates one associated brand: JSW Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides professional painting services for various needs. | jswpaints.in |
Employees and EPFO Compliance at JSW Paints Limited
JSW Paints Limited has a workforce of 1,443 employees as of Oct 11, 2025.
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.
Group Structure of JSW Paints Limited
JSW Paints has 1 joint venture. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
CIN History of JSW Paints Limited
JSW Paints has one previous CIN (Corporate Identification Number): U24200MH2016PTC273511. The current CIN is U24200MH2016PLC273511, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24200MH2016PLC273511 | Current |
| U24200MH2016PTC273511 | Previous |
News related to JSW Paints Limited
Recent Activity on JSW Paints Limited
JSW Paints Limited has 22 board changes on record since 2016: 9 appointments and 13 cessations. The latest: Ashok Kumar Barat was appointed as Additional Director on 13 Feb 2026.
44 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for JSW Paints 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 JSW Paints 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 JSW Paints Limited
JSW Paints has 25 GST registrations: 25 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCJ6739M1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 27AADCJ6739M2ZY | Maharashtra | Active | 09 Jul 2020 |
| 29AADCJ6739M1ZV | Karnataka | Active | 01 Jul 2017 |
| 32AADCJ6739M1Z8 | Kerala | Active | 25 May 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 JSW Paints 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 JSW Paints Limited
JSW Paints is an active public limited company based in Mumbai, Maharashtra, India. The company works in chemical products, within the chemicals industry. It was incorporated on 25 February 2016 (10+ years old) and is registered under CIN U24200MH2016PLC273511.
JSW Paints reported revenue of ₹3,472.54 Cr for FY 2026 (up 61% YoY).
JSW Paints has 7 current directors:
- Parth Sajjan Jindal - Managing Director
- Ashish Rai - Whole-Time Director
- Sundaresan Suryanarayana Arumbakkam - Director
- Gautam Chainani - Director
- Vijay Madhusudan Bhat - Director
- Rajeshwari Srinivasan - Director
- Ashok Kumar Barat - Additional Director
JSW Paints reported a net profit of ₹18.14 Cr (net margin 0.5%) and EBITDA of ₹305.72 Cr (EBITDA margin 8.8%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of JSW Paints is 29% over three years and 51% over five years. In the latest year (FY 2026) revenue rose 61%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of JSW Paints is 27AADCJ6739M1ZZ, registered in Maharashtra. The company has 25 GST registrations in all, of which 25 are active. Other active GSTINs include 27AADCJ6739M2ZY (Maharashtra), 29AADCJ6739M1ZV (Karnataka), 32AADCJ6739M1Z8 (Kerala).
The CIN (Corporate Identification Number) of JSW Paints is U24200MH2016PLC273511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JSW Paints was incorporated on 25 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
JSW Paints has 12 deals on record (5 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹900 Cr; the latest was in March 2024.
The peers of JSW Paints by revenue are U K Paints (India) Private Limited, Berger Paints India Limited, Kansai Nerolac Paints Limited, JSW Dulux Limited, PPG Asian Paints Private Limited and 5 more, all in the Manufacturing industry (Paints).
Ashok Kumar Barat was appointed as Additional Director on 13 Feb 2026. Rohit Garg was appointed as CFO on 26 Jun 2025. Ashish Rai ceased to be Additional Director on 25 Jun 2025. JSW Paints has 22 board changes on record in total.
JSW Paints has 10 MSME Form 1 returns on record between 2018 and 2021, listing 171 overdue payments to 112 micro and small suppliers. The latest return was filed on 10 Nov 2021.