MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-RJ-17-0176174
Makeover Paints Private Limited - manufacturing in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.36 Cr
▼ 5% YoY
Net profit · FY 2024
₹18.55 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹60.32 Lakh
EBITDA margin 5.3%
Authorised capital
₹16 Lakh
Registered with MCA
Paid-up capital
₹16 Lakh
Issued & subscribed
Open charges
₹3.9 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
25
Provident fund records
About Makeover Paints Private Limited
Data last updated:
Makeover Paints Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 18 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U24290RJ2020PTC071101. Its GSTIN is 08AANCM8235F1Z6 (Rajasthan). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹16 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors Ajit Kumar Nair and Sumit Menon.
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 F – 1 1023 – 1024 Sitapura Industrial Area Tonk Road, Jaipur, Rajasthan, India – 302022.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.36 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹18.55 Lakh (net margin 1.6%) and EBITDA of ₹60.32 Lakh (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 271% over three years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Makeover Paints. As per MCA filings, the company has open charges of ₹3.9 Cr on record.
Makeover Paints Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0176174). For more details, the company can be reached via its website makeoverpaints.com.
Company Details of Makeover Paints Private Limited
CIN U24290RJ2020PTC071101
Registration Number 071101
Incorporation Date 18 September 2020
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-RJ-17-0176174
Key People
Ajit Kumar Nair Director Sumit Menon Director Recognitions & Rankings of Makeover Paints
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressF – 1 1023 – 1024 Sitapura Industrial Area Tonk Road, Jaipur, Rajasthan, India – 302022
- IndustryManufacturing, Paint & Coatings
Comprehensive company report
Makeover Paints Private Limited - one report that includes everything
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Associated Brands with Makeover Paints Private Limited
Makeover Paints operates one associated brand: Makeover Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home painting, enamel, and waterproofing services in India. | makeoverpaints.com |
Business Activity of Makeover Paints Private Limited
The main business activity of Makeover 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Makeover Paints Private Limited FY 2025 filings available
Makeover Paints Private Limited reported revenue of ₹11.36 Cr (down 5% YoY) for FY 2024.
Revenue · FY 2024
₹11.36 Cr ▼ 5%
Net profit · FY 2024
₹18.55 Lakh margin 1.6%
EBITDA · FY 2024
₹60.32 Lakh margin 5.3%
Compounded Annual Growth Rate (CAGR) of Makeover Paints Private Limited
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 271%
EBITDA CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 428%
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 271%. EBITDA rose 79% 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 Makeover Paints Private Limited
| Metrics | 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 | ₹60.32 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.55 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 Makeover Paints Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• |
| 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 Makeover Paints are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Makeover Paints Private Limited
Makeover Paints has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Kumar Nair Also directs: Op Konzept Paints Private Limited | Director | 18 Sep 2020 | 6 Years 1 Months | Current |
| Sumit Menon | Director | 18 Sep 2020 | 6 Years 1 Months | Current |
Peer Comparison of Makeover Paints Private Limited
Makeover Paints Private 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 |
|---|---|---|---|---|---|---|
| Zigma Paints Pvt Ltd | ₹11.5 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Nashik, Maharashtra, India |
| Angel Coating Private Limited | ₹11.48 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Varun Autocoat India Private Limited | ₹11.42 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Dadri, Uttar Pradesh, India |
| Rely Paints Private Limited | ₹11.39 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Delhi, India |
| Vigneswara Paints Private Limited | ₹11.38 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Sivakasi, Tamil Nadu, India |
| Makeover Paints Private Limited this company | ₹11.36 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Jaipur, Rajasthan, India |
| Evergreen Colours India Private Limited | ₹11.35 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Indore, Madhya Pradesh, India |
| Punjab Paint Colour & Varnish Works Pvt Ltd | ₹11.18 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kolkata, West Bengal, India |
| Middleton Supply Chain Private Limited | ₹10.87 Cr (FY 2023) | •••• | •••• | 24.0% | •••• | Kolkata, West Bengal, India |
| Calton Paint Private Limited | ₹10.82 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Veer Hues Limited | ₹10.72 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Makeover 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 Makeover Paints Private Limited
Makeover Paints Private Limited is audited by B D JAIN & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B D JAIN & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Makeover Paints Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Makeover Paints Private Limited
Open charges
₹3.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 May 2024 | Others | ₹2.6 Cr | Open |
| 12 May 2023 | Others | ₹1.3 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Makeover Paints Private Limited
Makeover Paints Private Limited has a workforce of 25 employees as of Apr 08, 2024.
Employee count
25
Active EPFO establishments
1
Employee growth
-7.41%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Makeover Paints Private Limited
Makeover Paints Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ajit Kumar Nair was appointed as Director on 18 Sep 2020.
AGM
Makeover Paints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Makeover Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Charges
A charge with Others amounted to Rs. 260.00 Lakh with Charge ID 100921928 was registered on 14 May 2024.
Charges
A charge with Others amounted to Rs. 130.00 Lakh with Charge ID 100723154 was registered on 12 May 2023.
Appointed
Ajit Kumar Nair was appointed as Director.
Appointed
Sumit Menon was appointed as Director.
Incorporation
18 Sep 2020
Makeover Paints Private Limited was registered on 18 Sep 2020 with Roc Jaipur & aged 6 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Makeover Paints Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Makeover Paints Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Makeover Paints Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Makeover Paints Private Limited
Makeover Paints has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AANCM8235F1Z6 | Rajasthan | Active | 07 Oct 2020 |
| 32AANCM8235F1ZF | Kerala | Active | 19 Aug 2021 |
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GST registrations and filing compliance
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MCA Filings & Documents of Makeover Paints Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Makeover Paints Private Limited
Makeover Paints is an active private limited company based in Jaipur, Rajasthan, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 18 September 2020 (6+ years old) and is registered under CIN U24290RJ2020PTC071101.
Makeover Paints reported revenue of ₹11.36 Cr for FY 2024 (down 5% YoY).
Makeover Paints has 2 current directors:
- Ajit Kumar Nair - Director
- Sumit Menon - Director
Makeover Paints reported a net profit of ₹18.55 Lakh (net margin 1.6%) and EBITDA of ₹60.32 Lakh (EBITDA margin 5.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Makeover Paints is 271% over three years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Makeover Paints is 08AANCM8235F1Z6, registered in Rajasthan. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AANCM8235F1ZF (Kerala).
The CIN (Corporate Identification Number) of Makeover Paints is U24290RJ2020PTC071101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Makeover Paints was incorporated on 18 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Makeover Paints by revenue are Zigma Paints Pvt Ltd, Angel Coating Private Limited, Varun Autocoat India Private Limited, Rely Paints Private Limited, Vigneswara Paints Private Limited and 5 more, all in the Manufacturing industry (Paints).
Ajit Kumar Nair was appointed as Director on 18 Sep 2020. Sumit Menon was appointed as Director on 18 Sep 2020.
Yes, Makeover Paints is registered as an MSME under Udyam registration (number: UDYAM-RJ-17-0176174).