About Korrocoat Polymers Private Limited
Data last updated:
Korrocoat Polymers Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 20 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25209MH1995PTC090818. Its GSTIN is 27AAACK7496B1ZG (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Archana Yogesh Rasane and Vimal Arun Rasne.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S.No. 26/1 Gala No. 371/6 Nimbalkar Nagar Tathwade Tal. Mulshi Dist. Pune, Maharashtra, India – 411033.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.55 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹79.27 Lakh (net margin 10.5%) and EBITDA of ₹1.05 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 16% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Korrocoat. As per MCA filings, the company has open charges of ₹2.78 Cr and satisfied charges of ₹1.65 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website korrocoatpolymers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS.No. 26/1 Gala No. 371/6 Nimbalkar Nagar Tathwade Tal. Mulshi Dist. Pune, Maharashtra, India – 411033
- IndustryManufacturing, Paint & Coatings
- 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 Korrocoat Polymers Private Limited
The main business activity of Korrocoat Polymers is manufacturing. In detail, this covers other manufacturing.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | 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 Korrocoat Polymers Private Limited FY 2025 filings available
Korrocoat Polymers Private Limited reported revenue of ₹7.55 Cr (up 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Korrocoat Polymers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 30% growth in the latest year. EBITDA rose 200% 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 Korrocoat Polymers 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 | ₹1.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹79.27 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 of Korrocoat Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.5% | •••• | •••• | •••• | •••• |
| 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 Korrocoat Polymers are in the company report.
Financial statements from 2015
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 Korrocoat Polymers Private Limited
Korrocoat Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints, Polymers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Icrotone Private Limited | •••• | •••• | •••• | •••• | 15 | Vasai, Maharashtra, India |
| R Taec Engineering India Private Limited | •••• | •••• | •••• | •••• | 17 | Chennai, Tamil Nadu, India |
| Aparajeet Polymers Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ktech Polymers Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Uno Polymers Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Korrocoat Polymers Private Limited this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Jagrit Polymers Private Limited | •••• | •••• | •••• | •••• | 28 | Madurai, Tamil Nadu, India |
| Oikos India Private Limited | •••• | •••• | •••• | •••• | 12 | Mumbai, Maharashtra, India |
| Yaduvanshi Polymers Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Jhunsons Polymers Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Mayukha Polymers Private Limited | •••• | •••• | •••• | •••• | - | Thiruvallur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Korrocoat Polymers by revenue in the Manufacturing industry (Paints, Polymers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Korrocoat Polymers Private Limited
Korrocoat Polymers Private Limited is audited by SHAILESH SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAILESH SHAH & 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 Korrocoat Polymers Private Limited
Korrocoat Polymers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Archana Yogesh Rasane | Director | 20 Aug 2014 | 12 Years 1 Months | Current |
| Vimal Arun Rasne | Director | 20 Jul 1995 | 31 Years 2 Months | Current |
| Yogesh Aroon Rasane | Director | 20 Jul 1995 | 31 Years 2 Months | Current |
Ownership and Shareholding of Korrocoat Polymers Private 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 Korrocoat Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Sep 2025 | Others | ₹1.2 Cr | Open |
| 17 Sep 2025 | Others | ₹1.2 Cr | Open |
| 24 Nov 2023 | Others | ₹8.44 Lakh | Open |
| 24 Nov 2023 | Others | ₹30 Lakh | Open |
| 24 Dec 2021 | Canara Bank | ₹4 Lakh | Satisfied |
Total charge records: 12 View all charges
MSME Payment Delays by Korrocoat Polymers Private Limited
Korrocoat Polymers Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 42 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 | •••• | •••• | •••• |
| Advance Addmine Private Limited | •••• | •••• | •••• |
| Royalty Minerals | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 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 Korrocoat Polymers Private Limited
Korrocoat Polymers operates one associated brand: Korrocoat. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of high-performance industrial paints and coatings in India. | korrocoatpolymers.com |
Employees and EPFO Compliance at Korrocoat Polymers Private Limited
Korrocoat Polymers Private Limited has a workforce of 11 employees as of Mar 29, 2024.
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.
Recent Activity on Korrocoat Polymers Private Limited
Korrocoat Polymers Private Limited has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Archana Yogesh Rasane ceased to be Additional Director on 30 Sep 2015.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Korrocoat Polymers Private 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 Korrocoat Polymers Private 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 Korrocoat Polymers Private Limited
Korrocoat Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK7496B1ZG | Maharashtra | Active | 01 Jul 2017 |
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 Korrocoat Polymers Private 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 Korrocoat Polymers Private Limited
Korrocoat Polymers is an active private limited company based in Pune, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 20 July 1995 (31+ years old) and is registered under CIN U25209MH1995PTC090818.
Korrocoat Polymers reported revenue of ₹7.55 Cr for FY 2024 (up 30% YoY).
Korrocoat Polymers has 3 current directors:
- Archana Yogesh Rasane - Director
- Vimal Arun Rasne - Director
- Yogesh Aroon Rasane - Director
Korrocoat Polymers reported a net profit of ₹79.27 Lakh (net margin 10.5%) and EBITDA of ₹1.05 Cr (EBITDA margin 13.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Korrocoat Polymers is 19% over three years and 16% over five years. In the latest year (FY 2024) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Korrocoat Polymers is 27AAACK7496B1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Korrocoat Polymers is U25209MH1995PTC090818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Korrocoat Polymers was incorporated on 20 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Korrocoat Polymers by revenue are Icrotone Private Limited, R Taec Engineering India Private Limited, Aparajeet Polymers Private Limited, Ktech Polymers Private Limited, Uno Polymers Private Limited and 5 more, all in the Manufacturing industry (Paints, Polymers).
Archana Yogesh Rasane ceased to be Additional Director on 30 Sep 2015. Archana Yogesh Rasane was appointed as Director on 20 Aug 2014. Vimal Arun Rasne was appointed as Director on 20 Jul 1995. Korrocoat Polymers has 4 board changes on record in total.
Korrocoat Polymers has 3 MSME Form 1 returns on record between 2022 and 2023, listing 42 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Korrocoat Polymers can be reached through the website korrocoatpolymers.com. Its registered office is in Pune, Maharashtra, India.