MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-03-0001824
Maharani Innovative Paints Private Limited - manufacturing in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹174.21 Cr
▲ 7% YoY
Net profit · FY 2025
₹6.84 Cr
Net margin 3.9%
EBITDA · FY 2025
₹12.54 Cr
EBITDA margin 7.2%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹9 Cr
Issued & subscribed
Open charges
₹24.27 Cr
Satisfied ₹80.12 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
164
Provident fund records
About Maharani Innovative Paints Private Limited
Data last updated:
Maharani Innovative Paints Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Maharani Paints Private Limited. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 07 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24231DL2013PTC258813. Its GSTIN is 07AAICM8818K1ZX (Delhi). The company holds 12 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹9 Cr. It is led by directors including Raj Kumar Bhatia and Vipen Bhatia.
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 Dtj – 131 DLF Tower B Jasola, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2025, the company reported a revenue of ₹174.21 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹6.84 Cr (net margin 3.9%) and EBITDA of ₹12.54 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 9% over five years.
The company has about 164 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Maharani Innovative Paints. As per MCA filings, the company has open charges of ₹24.27 Cr and satisfied charges of ₹80.12 Cr on record. Court records list 170 cases involving the company, including 155 filed by the company and 15 filed against it; 46 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹8.99 Cr; the latest was in March 2014. Its 5 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 2 smaller; the largest is Technopaints and Chemicals Limited with revenue of ₹210.21 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 21 micro and small suppliers.
Maharani Innovative Paints Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-03-0001824). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maharanipaints.com.
Company details
CIN U24231DL2013PTC258813
Registration Number 258813
Incorporation Date 07 October 2013
ROC Delhi
Listing Status Unlisted
Company Status Active
Parent Company Maharani Paints Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-03-0001824
Recognitions & Rankings of Maharani Innovative Paints
Contact details
Maharani Innovative Paints Private Limited's registered office is in New Delhi, Delhi. Its website is maharanipaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDtj – 131 DLF Tower B Jasola, New Delhi, Delhi, India – 110025
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Maharani Innovative Paints Private Limited, buy the company report.
Comprehensive company report
Maharani Innovative Paints Private 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
Maharani Innovative Paints operates one associated brand: Maharani Innovative Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces automotive, decorative, industrial paints and coatings for various applications. | maharanipaints.com |
Business activity
The main business activity of Maharani Innovative Paints 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 Maharani Innovative Paints Private Limited, buy the company report.
Financials of Maharani Innovative Paints Private Limited
FY 2024 filings availableMaharani Innovative Paints Private Limited reported revenue of ₹174.21 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹174.21 Cr ▲ 7%
Net profit · FY 2025
₹6.84 Cr margin 3.9%
EBITDA · FY 2025
₹12.54 Cr margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 9%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 49%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 7% growth in the latest year. EBITDA fell 48% 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 |
|---|---|---|---|---|---|
| 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 | ₹12.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 7.2% | ||||
| Net Profit Margin | 3.9% | ||||
| 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 Maharani Innovative Paints Private Limited, buy the company report.
Board of directors of Maharani Innovative Paints Private Limited
Maharani Innovative Paints has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Bhatia | Director | 07 Oct 2013 | 13 Years 1 Months | Current |
| Vipen Bhatia | Director | 07 Oct 2013 | 13 Years 1 Months | Current |
| Baldev Raj Bhatia | Director | 07 Oct 2013 | 13 Years 1 Months | Current |
| Mukesh Kumar Bhatia | Director | 10 Jul 2023 | 3 Years 4 Months | Current |
Peer comparison
Maharani Innovative Paints Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Technopaints and Chemicals Limited | ₹210.21 Cr (FY 2025) | 54.0% | Hyderabad, Telangana, India | |||
| Surfa Coats (India) Private Limited | ₹182.5 Cr (FY 2025) | -3.0% | Karnataka, India | |||
| SBL Specialty Coatings Private Limited | ₹178.7 Cr (FY 2025) | -1.0% | Chandigarh, India | |||
| Maharani Innovative Paints Private Limitedthis company | ₹174.21 Cr (FY 2025) | ₹6.84 Cr | 3.9% | 7.0% | 164 | New Delhi, Delhi, India |
| Carboline (India) Private Limited | ₹173.8 Cr (FY 2025) | -12.0% | Ambattur Chennai, Tamil Nadu, India | |||
| Sharp Coating Private Limited. | ₹163.04 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India |
To see the full peer comparison of Maharani Innovative Paints Private Limited, buy the company report.
Auditor
Maharani Innovative Paints Private Limited is audited by MLG Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MLG Associates | FY 2023 | 07099N |
Shareholding
The shareholding of Maharani Innovative Paints 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 Maharani Innovative Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24.27 Cr
Satisfied charges
₹80.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2024 | 100971889 | Hdfc Bank Limited | ₹17 Lakh | Open | |
| 17 Aug 2023 | 100800042 | Hdfc Bank Limited | ₹10.06 Lakh | Open | |
| 22 Jun 2023 | 100752681 | Hdfc Bank Limited | ₹24 Cr | Open | |
| 22 Nov 2017 | 100151704 | Others | ₹22 Cr | Satisfied | |
| 21 Apr 2014 | 10494756 | Citi Bank N.A. | ₹7 Cr | Satisfied |
To see the full charge records of Maharani Innovative Paints Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Maharani Innovative Paints Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹8.99 Cr; the latest was in March 2014.
Total deals
1
Funding round
1
Disclosed funding
₹8.99 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹8.99 Cr | Investors: Maharani Paints Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maharani Innovative Paints Private Limited has 170 court cases on record: 155 filed by Maharani Innovative Paints, 15 filed against it. 46 cases are pending and 124 are disposed.
Total cases
170
Filed by the company
155
Filed against the company
15
Pending
46
Disposed
124
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 160 | 11 | 46 |
| High courts | 9 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 170)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed by the company against Paradise Plastics Enterprises Limited | Pending |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed by the company against Krishna Metafab Private Limited and 2 others | Pending |
| District court, Faridabad, Haryana | Commercial suit | Filed by the company against Beri Udyog Private Limited and 3 others | Pending |
| District court, Faridabad, Haryana | Court case (CM APPLI) | Filed by the company against GS Radiators Limited | Pending |
| District court, Faridabad, Haryana | Civil suit | Filed by the company against Proto D Industries Private Limited | Pending |
To see the full case history of Maharani Innovative Paints 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.
Credit ratings & regulatory alerts
Maharani Innovative Paints Private Limited was last rated by Crisil on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Maharani Innovative Paints Private Limited, buy the company report.
MSME payment delays
Maharani Innovative Paints Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amit Transport Corporation | |||
| Ghatge Patil Transports Private Limited | |||
| an individual supplier | |||
| Flexchem Impex Private Limited | |||
| Tridev Resins (India) Private Limited |
To see the full MSME payment records of Maharani Innovative Paints Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Maharani Innovative Paints Private Limited has a workforce of 164 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
164
Active EPFO establishments
2
Employee growth
2.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 164 |
| 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 Maharani Innovative Paints Private Limited, buy the company report.
GST
Maharani Innovative Paints has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
10
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAICM8818K1ZX | Delhi | Active | 01 Jul 2017 |
| 03AAICM8818K1Z5 | Punjab | Active | 01 Jul 2017 |
| 06AAICM8818K1ZZ | Haryana | Active | 01 Jul 2017 |
| 24AAICM8818K1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maharani Innovative Paints Private Limited, buy the company report.
Recent activity
Maharani Innovative Paints Private Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Mukesh Kumar Bhatia ceased to be Additional Director on 27 Sep 2023.
AGM
Maharani Innovative Paints Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 100971889 was registered on 22 Aug 2024.
Filing
Maharani Innovative Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Mukesh Kumar Bhatia ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100800042 was registered on 17 Aug 2023.
Charges
A charge registered on 01 Apr 2014 via Charge ID 10496948 with State Bank Of India was fully satisfied on 21 Jul 2023.
Charges
A charge registered on 01 Apr 2014 via Charge ID 10496949 with State Bank Of India was fully satisfied on 21 Jul 2023.
Charges
A charge registered on 21 Apr 2014 via Charge ID 10494756 with Citi Bank N.A. was fully satisfied on 18 Jul 2023.
Appointed
Mukesh Kumar Bhatia was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.00 Cr with Charge ID 100752681 was registered on 22 Jun 2023.
Charges
A charge with Citi Bank N.A. of Rs. 7.00 Cr registered on 21 Apr 2014 with Charge ID 10494756 was modified on 29 Mar 2023.
Charges
A charge registered on 22 Nov 2017 via Charge ID 100151704 with Others was fully satisfied on 27 Aug 2019.
8 earlier events are in the company report.
Frequently asked questions
Maharani Innovative Paints is an active private limited company based in New Delhi, Delhi, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 07 October 2013 (13+ years old) and is registered under CIN U24231DL2013PTC258813.
Maharani Innovative Paints has 4 current directors:
- Raj Kumar Bhatia - Director
- Vipen Bhatia - Director
- Baldev Raj Bhatia - Director
- Mukesh Kumar Bhatia - Director
The latest financial statements of Maharani Innovative Paints 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 Maharani Innovative Paints is 07AAICM8818K1ZX, registered in Delhi. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAICM8818K1Z5 (Punjab), 06AAICM8818K1ZZ (Haryana), 24AAICM8818K1Z1 (Gujarat).
The CIN (Corporate Identification Number) of Maharani Innovative Paints is U24231DL2013PTC258813. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharani Innovative Paints has 170 court cases on record: 155 filed by the company and 15 filed against it. 46 are pending. Most are in the district courts.
Maharani Innovative Paints was incorporated on 07 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Maharani Innovative Paints has 1 deal on record (1 funding round), with disclosed funding of ₹8.99 Cr; the latest was in March 2014.
The peers of Maharani Innovative Paints by revenue are Technopaints and Chemicals Limited, Surfa Coats (India) Private Limited, SBL Specialty Coatings Private Limited, Carboline (India) Private Limited, Sharp Coating Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Mukesh Kumar Bhatia ceased to be Additional Director on 27 Sep 2023. Mukesh Kumar Bhatia was appointed as Director on 10 Jul 2023. Baldev Raj Bhatia was appointed as Director on 07 Oct 2013. Maharani Innovative Paints has 5 board changes on record in total.
Yes, Maharani Innovative Paints is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-03-0001824).
Maharani Innovative Paints has 10 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 21 micro and small suppliers. The latest return was filed on 06 Dec 2023.
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