Kansai Nerolac Paints Limited

BSE: 500165 NSE: KANSAINER
Kansai Nerolac Paints Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L24202MH1920PLC000825 Incorporated 02 September 1920 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: KANSAINER · BSE: 500165 Public Limited Company manufacturing Fortune India 500 · #277 Fortune MNC 500 · #90
Revenue · FY 2026
₹9,158.59 Cr
▲ 3% YoY
Net profit · FY 2026
₹579.07 Cr
Net margin 6.3%
EBITDA · FY 2026
₹911.45 Cr
EBITDA margin 10%
Authorised capital
₹85 Cr
Registered with MCA
Paid-up capital
₹80.89 Cr
Issued & subscribed
Satisfied charges
₹189.34 Cr
No open charges
Company age
106 yrs
Est. 1920
Employees · EPFO
3,781
Provident fund records

About Kansai Nerolac Paints Limited

Data last updated:

Kansai Nerolac Paints Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Kansai Paint Co., Ltd., Japan. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 02 September 1920 and has been in existence for over 106 years.

Kansai Nerolac Paints is ranked #277 on the Fortune India 500 (2025) and #90 on the Fortune MNC 500 India (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24202MH1920PLC000825. Its GSTIN is 27AAACG1376N2ZB (Maharashtra). The company holds 31 GST registrations, of which 26 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500165 and NSE: KANSAINER.

The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹80.89 Cr. It was formerly known as The Gahagan Paint & Varnish Company Limited and Goodlass Nerolac Paints Limited. It is led by directors including Pravin Digambar Chaudhari (Managing Director) and Bhaskar Bhat.

Its last annual general meeting (AGM) was held on 09 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2026, the company reported a revenue of ₹9,158.59 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹579.07 Cr (net margin 6.3%) and EBITDA of ₹911.45 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.

The company has about 3,781 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: RAK Paints and Kansai Nerolac. As per MCA filings, the company has satisfied charges of ₹189.34 Cr on record. Court records list 2,221 cases involving the company, including 1,998 filed by the company and 225 filed against it; 1,228 cases are pending. The company has 14 deals on record (13 market trades, 1 acquisition); the latest was in October 2022.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nerolac.com.

Company details

CIN L24202MH1920PLC000825
Registration Number 000825
Incorporation Date 02 September 1920
ROC Mumbai
Listing Status Listed - Listed on NSE (KANSAINER); Listed on BSE (500165)
Company Status Active
Parent Company Kansai Paint Co., Ltd., Japan
Compliance Status Active Compliant

Name history

Kansai Nerolac Paints has undergone 2 name changes throughout its history. The company was previously known as The Gahagan Paint & Varnish Company Limited, and Goodlass Nerolac Paints Limited. The current legal name is Kansai Nerolac Paints Limited.

Company NameStatus
Kansai Nerolac Paints LimitedCurrent
The Gahagan Paint & Varnish Company LimitedPrevious
Goodlass Nerolac Paints LimitedPrevious
Key People
Pravin Digambar Chaudhari Managing Director Bhaskar Bhat Director Takashi Tomioka Director

Recognitions & Rankings of Kansai Nerolac Paints

Fortune India 500 2025 edition
Rank#277
Total income
₹9,533 Cr
Profit
₹1,143 Cr
Last year #278
Fortune MNC 500 India 2026 edition
Rank#90
Total income
₹9,533 Cr
Profit
₹1,143 Cr
Last year #89

Contact details

Kansai Nerolac Paints Limited's registered office is in Mumbai, Maharashtra. Its website is nerolac.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    nerolac.com
  • Social Media
  • Registered Address
    28th Floor A – Wing Marathon Futurex, N. M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
  • Industry
    Manufacturing, Paint & Coatings

To see the full contact details of Kansai Nerolac Paints Limited, buy the company report.

Comprehensive company report
Kansai Nerolac Paints 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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Brands

Kansai Nerolac Paints operates two associated brands: RAK Paints and Kansai Nerolac. Each brand links to its own profile.

BrandDescriptionWebsite
RAK Paints
Solvent-based and water-based paints are provided by RAK Paints.rakpaintsbd.com
Kansai Nerolac
Industrial and decorative paints are manufactured by Kansai Nerolac.nerolac.com

Business activity

The main business activity of Kansai Nerolac Paints is manufacturing. In detail, this covers manufacture of textiles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing13Manufacture of textiles

To see the full business activity and turnover split of Kansai Nerolac Paints Limited, buy the company report.

Financials of Kansai Nerolac Paints Limited

FY 2026 filings available

Kansai Nerolac Paints Limited reported revenue of ₹9,158.59 Cr (up 3% YoY) for FY 2026.

Revenue · FY 2026
₹9,158.59 Cr ▲ 3%
Net profit · FY 2026
₹579.07 Cr margin 6.3%
EBITDA · FY 2026
₹911.45 Cr margin 10%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 2%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 4%
5 years · compounded
▲ 1%

Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 3% growth in the latest year. EBITDA fell 3% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹9,158.59 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹911.45 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹579.07 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin10%
Net Profit Margin6.3%
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 Kansai Nerolac Paints Limited, buy the company report.

Board of directors of Kansai Nerolac Paints Limited

Kansai Nerolac Paints has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bhaskar Bhat
Also directs: Fair Wheels LLP, Marico Limited, Metro Brands Limited and 5 more
Director10 Aug 20224 Years 3 MonthsCurrent
Takashi TomiokaDirector07 May 20206 Years 6 MonthsCurrent
Sonia Singh
Also directs: Pfizer Limited, Bharat Forge Ltd, Voltas Limited and 3 more
Director29 Jul 20197 Years 3 MonthsCurrent
Gen YokotaDirector06 May 20251 Years 6 MonthsCurrent
Uday Shirish Bhansali
Also directs: Escondido Holdings LLP, Idfc First Bank Limited, Vakil and Sons Private Limited and 2 more
Director06 Nov 20242 Years 0 MonthsCurrent
Pravin Digambar ChaudhariManaging Director26 Jun 20233 Years 4 MonthsCurrent
View all directors

Auditor

Kansai Nerolac Paints Limited is audited by S R B C & CO LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
S R B C & CO LLPFY 2024324982E/E300003

Shareholding

The shareholding of Kansai Nerolac Paints Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2025FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Kansai Nerolac Paints Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹189.34 Cr
Breakdown by lending institutions
Union Bank of India Limited₹90.00 Cr
Pradeshiya Industrial & Iinvestment Corporation of Uttar Pradesh (Picup)₹40.00 Cr
Hdfc Bank Limited₹30.00 Cr
Industrial Development Bank of India₹15.00 Cr
Punjab National Bank₹7.25 Cr
Others₹7.09 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Jan 2019100232328Hdfc Bank Limited₹30 CrSatisfied
25 Aug 199990188781Punjab National Bank₹5.75 CrSatisfied
30 Jun 199890188733Punjab National Bank₹1.5 CrSatisfied
29 Aug 199790185790Industrial Development Bank of India₹15 CrSatisfied
19 Dec 1995100052920Pradeshiya Industrial & Iinvestment Corporation of Uttar Pradesh (Picup)₹40 CrSatisfied

To see the full charge records of Kansai Nerolac Paints Limited, buy the company report.

Total charge records: 10 View all charges

Deals & funding

Kansai Nerolac Paints Limited has 14 deals on record (13 market trades, 1 acquisition); the latest was in October 2022.

Total deals
14
Market trades
13
Acquisition
1

Deals on record (5 of 14)

WhenDealAmountParties
Oct 2022Market trade₹27.62 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Oct 2022Market trade₹27.69 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Nov 2008Market trade₹30.94 CrBuyer: Bajaj Life Insurance Limited
Seller: Arisaig Partners Asia Pte. Ltd.
May 2007AcquisitionUndisclosedBuyer: Kansai Paints Private Limited
May 2005Market trade₹32.54 CrBuyer: Aberdeen Asset Management
Seller: HDFC Trustee Company Limited

To see the full deal history of Kansai Nerolac Paints Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Kansai Nerolac Paints Limited was last rated by Crisil on 06 Jul 2020.

Rating agencyRated onRating
Crisil06 Jul 2020

To see the full credit ratings and regulatory alerts of Kansai Nerolac Paints Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Kansai Nerolac Paints Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Kansai Nerolac Paints has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Nerofix Private LimitedU24299MH2019PTC328170

To see the full group structure of Kansai Nerolac Paints Limited, buy the company report.

Employees & EPFO

Kansai Nerolac Paints Limited has a workforce of 3,781 employees on its EPFO records as of May 2026, across 7 active EPFO establishments.

Employee count
3,781
Active EPFO establishments
7
Employee growth
-6.1%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-273,781
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
FY 2014-15

To see the full employee and EPFO history of Kansai Nerolac Paints Limited, buy the company report.

GST

Kansai Nerolac Paints has 31 GST registrations: 26 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
31
Active
26
Cancelled / inactive
5
GSTINStateStatusRegistered on
27AAACG1376N2ZBMaharashtraActive23 Aug 2017
02AAACG1376N2ZNHimachal PradeshActive01 Jul 2017
03AAACG1376N1ZMPunjabActive01 Jul 2017
04AAACG1376N1ZKChandigarhActive01 Jul 2017

To see the full GST registrations and return filing status of Kansai Nerolac Paints Limited, buy the company report.

Recent activity

Kansai Nerolac Paints Limited has 51 board changes on record since 1973: 30 appointments and 21 cessations. The latest: Yash Ahuja was appointed as CFO on 22 Aug 2025.

AGM
Kansai Nerolac Paints Limited last Annual general meeting of members was held on 09 Jul 2026 as per latest MCA records.
Filing
Kansai Nerolac Paints Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Yash Ahuja was appointed as CFO.
Ceased
Prashant Devidas Pai ceased to be CFO.
Ceased
Hitoshi Nishibayashi ceased to be Director.
Appointed
Gen Yokota was appointed as Director.
Ceased
Anuj Jain ceased to be Managing Director.
Charges
A charge registered on 25 Aug 1999 via Charge ID 90188781 with Punjab National Bank was fully satisfied on 27 Feb 2025.
Ceased
Pradip Panalal Shah ceased to be Director.
Charges
A charge registered on 29 Jun 1995 via Charge ID 90187681 with Standard Chartered Bank was fully satisfied on 19 Dec 2024.
Charges
A charge registered on 08 Jul 1986 via Charge ID 90185086 with Standard Chartered Bank was fully satisfied on 19 Dec 2024.
Charges
A charge registered on 20 Feb 1985 via Charge ID 90188176 with Stawlard Central Bank was fully satisfied on 18 Dec 2024.

64 earlier events are in the company report.

News

KANSAINER: Q2 REVENUE 22.68B RUPEES VS 19.07B (YOY)
04 Nov 2026 · Exchange Update
KANSAINER: Q2 SL NET PROFIT 1.48B RUPEES VS 1.36B (YOY)
04 Nov 2026 · Exchange Update
KANSAINER: Q2 EBITDA 2.23B RUPEES VS 2.12B (YOY); Q2 EBITDA MARGIN 9.85% VS 11.32% (YOY)
04 Nov 2026 · Exchange Update
Kansai Nerolac Paints: Co Amalgamation With Nerofix Private Limited Approved By NCLT; Effective Date Is April 1, 2025; Awaiting Certified Order Copy.
25 Sep 2026 · Exchange Update
Kansai Nerolac Presents "Noor-e-Kashmir"
10 Sep 2026 · Business Standard

Frequently asked questions

Kansai Nerolac Paints is an active public limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 02 September 1920 (106+ years old) and is registered under CIN L24202MH1920PLC000825. Listed on BSE: 500165 and NSE: KANSAINER.

Kansai Nerolac Paints has 6 current directors:

The latest financial statements of Kansai Nerolac Paints on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Kansai Nerolac Paints is 27AAACG1376N2ZB, registered in Maharashtra. The company has 31 GST registrations in all, of which 26 are active and 5 are cancelled or inactive. Other active GSTINs include 02AAACG1376N2ZN (Himachal Pradesh), 03AAACG1376N1ZM (Punjab), 04AAACG1376N1ZK (Chandigarh).

The CIN (Corporate Identification Number) of Kansai Nerolac Paints is L24202MH1920PLC000825. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Kansai Nerolac Paints is a listed company as per MCA records. Its shares are listed on both BSE (code: 500165) and NSE (symbol: KANSAINER).

Kansai Nerolac Paints has 2,221 court cases on record: 1,998 filed by the company and 225 filed against it. 1,228 are pending. Most are in the district courts.

Kansai Nerolac Paints was incorporated on 02 September 1920, making it 106+ years old. It is registered with the Registrar of Companies, Mumbai.

Kansai Nerolac Paints has 14 deals on record (13 market trades, 1 acquisition); the latest was in October 2022.

Yash Ahuja was appointed as CFO on 22 Aug 2025. Prashant Devidas Pai ceased to be CFO on 31 Jul 2025. Hitoshi Nishibayashi ceased to be Director on 30 Jun 2025. Kansai Nerolac Paints has 51 board changes on record in total.