MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0016820
Khatri Paints ( India) Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.96 Cr
▼ 12% YoY
Net profit · FY 2024
₹4.36 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹62.73 Lakh
EBITDA margin 3.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹8.79 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Directors on board
3
As per MCA filings
About Khatri Paints ( India) Limited
Data last updated:
Khatri Paints ( India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 24 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH2007PLC171140. Its GSTIN is 27AADCK2788H1Z8 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Bhanwarlal Bisan Lal Khatri and Kaushaliya Bhawarlal Khatri.
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 Gala No 5 Behind Essel Studio Sion Trombay Road Trombay, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.96 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹4.36 Lakh (net margin 0.3%) and EBITDA of ₹62.73 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 7% over five years.
The company is associated with 1 brand: Khatriindia. As per MCA filings, the company has open charges of ₹8.79 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
Khatri Paints ( India) Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0016820). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website khatriindia.com.
Company details
CIN U24220MH2007PLC171140
Registration Number 171140
Incorporation Date 24 May 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0016820
Key People
Bhanwarlal Bisan Lal Khatri Director Kaushaliya Bhawarlal Khatri Director Dhanraj Bhawarlal Khatri Director Recognitions & Rankings of Khatri Paints ( India)
Contact details
Khatri Paints ( India) Limited's registered office is in Mumbai, Maharashtra. Its website is khatriindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGala No 5 Behind Essel Studio Sion Trombay Road Trombay, Mumbai, Maharashtra, India – 400088
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Khatri Paints ( India) Limited, buy the company report.
Comprehensive company report
Khatri Paints ( India) 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
Khatri Paints ( India) operates one associated brand: Khatriindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| khatriindia.com |
Business activity
The main business activity of Khatri Paints ( India) 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 Khatri Paints ( India) Limited, buy the company report.
Financials of Khatri Paints ( India) Limited
FY 2024 filings availableKhatri Paints ( India) Limited reported revenue of ₹15.96 Cr (down 12% YoY) for FY 2024.
Revenue · FY 2024
₹15.96 Cr ▼ 12%
Net profit · FY 2024
₹4.36 Lakh margin 0.3%
EBITDA · FY 2024
₹62.73 Lakh margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 13%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 10%
5 years · compounded
▲ 13%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 8% 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 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 | ₹62.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.36 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Khatri Paints ( India) Limited, buy the company report.
Board of directors of Khatri Paints ( India) Limited
Khatri Paints ( India) has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhanwarlal Bisan Lal Khatri | Director | 24 May 2007 | 19 Years 5 Months | Current |
| Kaushaliya Bhawarlal Khatri | Director | 24 May 2007 | 19 Years 5 Months | Current |
| Dhanraj Bhawarlal Khatri | Director | 24 May 2007 | 19 Years 5 Months | Current |
Peer comparison
Khatri Paints ( India) 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 |
|---|---|---|---|---|---|---|
| Skco Paints Private Limited | ₹16.21 Cr (FY 2025) | -13.0% | Pune, Maharashtra, India | |||
| Nuova Sivam and Genver Coatings Private Limited | ₹15.98 Cr (FY 2024) | 55.0% | Delhi, India | |||
| Khatri Paints ( India) Limitedthis company | ₹15.96 Cr (FY 2024) | ₹4.36 Lakh | 0.3% | -12.0% | Mumbai, Maharashtra, India | |
| JBDS Paint India Private Limited | ₹15.84 Cr (FY 2018) | -50.0% | New Delhi, Delhi, India | |||
| Cna Coatings India Private Limited | ₹15.5 Cr (FY 2024) | -34.0% | Coimbatore, Tamil Nadu, India | |||
| Ssil Paint Industries Private Limited | ₹15.4 Cr (FY 2025) | 347.0% | Kolkata, West Bengal, India | |||
| Jindal Coatings Private Limited | ₹14.84 Cr (FY 2025) | -6.0% | Hisar, Haryana, India |
To see the full peer comparison of Khatri Paints ( India) Limited, buy the company report.
Auditor
Khatri Paints ( India) Limited is audited by JAIN GANGWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN GANGWAL & ASSOCIATES | FY 2023 | 114382W |
Shareholding
The shareholding of Khatri Paints ( India) 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 Khatri Paints ( India) Limited, buy the company report.
Charges & borrowings
Open charges
₹8.79 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2025 | 101197115 | Others | ₹8.42 Cr | Open | |
| 23 Jan 2023 | 100695501 | Others | ₹15 Lakh | Open | |
| 09 Apr 2019 | 100276453 | Yes Bank Limited | ₹22.36 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
Khatri Paints ( India) Limited has 6 court cases on record: 2 filed by Khatri Paints ( India), 4 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against Arunkumar Sharma Prop. M/S. Ridhi Sidhi Traders | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Dy. Registrar of Companies | Disposed |
To see the full case history of Khatri Paints ( India) 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
No delayed payments to MSME suppliers are on our record for Khatri Paints ( India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Khatri Paints ( India) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK2788H1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 08AADCK2788H1Z8 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Khatri Paints ( India) Limited, buy the company report.
Recent activity
Khatri Paints ( India) Limited has 3 board changes on record since 2007: 3 appointments. The latest: Bhanwarlal Bisan Lal Khatri was appointed as Director on 24 May 2007.
Charges
A charge with Others amounted to Rs. 841.66 Lakh with Charge ID 101197115 was registered on 27 Oct 2025.
AGM
Khatri Paints ( India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Khatri Paints ( India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 15.00 Lakh with Charge ID 100695501 was registered on 23 Jan 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 22.36 Lakh with Charge ID 100276453 was registered on 09 Apr 2019.
Appointed
Bhanwarlal Bisan Lal Khatri was appointed as Director.
Appointed
Dhanraj Bhawarlal Khatri was appointed as Director.
Appointed
Kaushaliya Bhawarlal Khatri was appointed as Director.
Incorporation
24 May 2007
Khatri Paints ( India) Limited was registered on 24 May 2007 with Roc Mumbai & aged 19 years 5 months as per MCA records.
Frequently asked questions
Khatri Paints ( India) 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 24 May 2007 (19+ years old) and is registered under CIN U24220MH2007PLC171140.
Khatri Paints ( India) has 3 current directors:
- Bhanwarlal Bisan Lal Khatri - Director
- Kaushaliya Bhawarlal Khatri - Director
- Dhanraj Bhawarlal Khatri - Director
The latest financial statements of Khatri Paints ( India) 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 Khatri Paints ( India) is 27AADCK2788H1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AADCK2788H1Z8 (Rajasthan).
The CIN (Corporate Identification Number) of Khatri Paints ( India) is U24220MH2007PLC171140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Khatri Paints ( India) has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending.
Khatri Paints ( India) was incorporated on 24 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Khatri Paints ( India) by revenue are Skco Paints Private Limited, Nuova Sivam and Genver Coatings Private Limited, JBDS Paint India Private Limited, Cna Coatings India Private Limited, Ssil Paint Industries 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).
Bhanwarlal Bisan Lal Khatri was appointed as Director on 24 May 2007. Dhanraj Bhawarlal Khatri was appointed as Director on 24 May 2007. Kaushaliya Bhawarlal Khatri was appointed as Director on 24 May 2007.
Yes, Khatri Paints ( India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0016820).
Khatri Paints ( India) can be reached through the website khatriindia.com. Its registered office is in Mumbai, Maharashtra, India.
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