Mandex Coatings Private Limited

Mandex Coatings Private Limited - chemicals and materials in Ernakulam, Kerala, India. FY 2026 financials & compliance.
CIN U24220KL2014PTC036318 Incorporated 05 March 2014 ROC Ernakulam HQ Ernakulam, Kerala, India
Active Private Limited Company chemicals and materials MSME · Micro
Data last updated
Revenue · FY 2024
₹1.69 Cr
▼ 9% YoY
Net profit · FY 2024
₹2.38 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹3.88 Lakh
EBITDA margin 2.3%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹70 Lakh
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings

About Mandex Coatings Private Limited

Data last updated:

Mandex Coatings Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 05 March 2014 and has been in existence for over 12 years.

The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24220KL2014PTC036318. Its GSTIN is 32AAJCM1918R1Z2 (Kerala).

The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohanan Puthumanayil Krishnan (Managing Director) and Nikhil Varikkattu Mohanan Achari.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 297/A Varikkattu House Memmugham Maneed P O, Ernakulam, Kerala, India – 686664.

As per the financials filed for FY 2024, the company reported a revenue of ₹1.69 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.38 Lakh (net margin 1.4%) and EBITDA of ₹3.88 Lakh (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 1% over five years.

As per MCA filings, the company has open charges of ₹70 Lakh on record. Court records list 10 cases involving the company, including 10 filed by the company.

Mandex Coatings Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0010772). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mandex.in.

Company details

CIN U24220KL2014PTC036318
Registration Number 036318
Incorporation Date 05 March 2014
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KL-02-0010772
Key People
Mohanan Puthumanayil Krishnan Managing Director Nikhil Varikkattu Mohanan Achari Director

Recognitions & Rankings of Mandex Coatings

MSME (Udyam registered) Ministry of MSME
Category
Micro (2023-24)
Udyam number
UDYAM-KL-02-0010772

Contact details

Mandex Coatings Private Limited's registered office is in Ernakulam, Kerala. Its website is mandex.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mandex.in
  • Registered Address
    297/A Varikkattu House Memmugham Maneed P O, Ernakulam, Kerala, India – 686664
  • Industry
    Chemicals and Materials, Industrial Chemicals

To see the full contact details of Mandex Coatings Private Limited, buy the company report.

Comprehensive company report
Mandex Coatings 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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Business activity

The main business activity of Mandex Coatings is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Mandex Coatings Private Limited, buy the company report.

Financials of Mandex Coatings Private Limited

FY 2025 filings available

Mandex Coatings Private Limited reported revenue of ₹1.69 Cr (down 9% YoY) for FY 2024.

Revenue · FY 2024
₹1.69 Cr ▼ 9%
Net profit · FY 2024
₹2.38 Lakh margin 1.4%
EBITDA · FY 2024
₹3.88 Lakh margin 2.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 14%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 24%
5 years · compounded
▲ 4%

Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 23% 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹3.88 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.38 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin2.3%
Net Profit Margin1.4%
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 Mandex Coatings Private Limited, buy the company report.

Board of directors of Mandex Coatings Private Limited

Mandex Coatings has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nikhil Varikkattu Mohanan AchariDirector24 Jul 20215 Years 3 MonthsCurrent
Mohanan Puthumanayil KrishnanManaging Director05 Mar 201412 Years 7 MonthsCurrent
View all directors

Shareholding

The shareholding of Mandex Coatings Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mandex Coatings Private Limited, buy the company report.

Charges & borrowings

Open charges
₹70 Lakh
Satisfied charges
None
Breakdown by lending institutions
State Bank of India₹0.45 Cr
State Bank of Travancore₹0.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Feb 2017100084137State Bank of Travancore₹25 LakhOpen
29 Jan 201610621332State Bank of India₹45 LakhOpen

To see the full charge records of Mandex Coatings Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

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

GST

Mandex Coatings has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
32AAJCM1918R1Z2KeralaActive01 Jul 2017

To see the full GST registrations and return filing status of Mandex Coatings Private Limited, buy the company report.

Recent activity

Mandex Coatings Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Ushakumari Balakrishnan ceased to be Director on 12 Aug 2021.

AGM
Mandex Coatings Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Mandex Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Ceased
Ushakumari Balakrishnan ceased to be Director.
Appointed
Nikhil Varikkattu Mohanan Achari was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 45.00 Lakh registered on 29 Jan 2016 with Charge ID 10621332 was modified on 03 Aug 2018.
Charges
A charge with State Bank Of Travancore amounted to Rs. 25.00 Lakh with Charge ID 100084137 was registered on 08 Feb 2017.
Charges
A charge with State Bank Of India amounted to Rs. 45.00 Lakh with Charge ID 10621332 was registered on 29 Jan 2016.
Ceased
Paul George ceased to be Director.
Appointed
Mohanan Puthumanayil Krishnan was appointed as Managing Director.
Incorporation
05 Mar 2014
Mandex Coatings Private Limited was registered on 05 Mar 2014 with Roc Ernakulam & aged 12 years 7 months as per MCA records.

Frequently asked questions

Mandex Coatings is an active private limited company based in Ernakulam, Kerala, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 05 March 2014 (12+ years old) and is registered under CIN U24220KL2014PTC036318.

Mandex Coatings has 2 current directors:

The latest financial statements of Mandex Coatings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Mandex Coatings is 32AAJCM1918R1Z2, registered in Kerala.

The CIN (Corporate Identification Number) of Mandex Coatings is U24220KL2014PTC036318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mandex Coatings has 10 court cases on record: 10 filed by the company.

Mandex Coatings was incorporated on 05 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ernakulam.

Ushakumari Balakrishnan ceased to be Director on 12 Aug 2021. Nikhil Varikkattu Mohanan Achari was appointed as Director on 24 Jul 2021. Paul George ceased to be Director on 09 Jul 2015. Mandex Coatings has 4 board changes on record in total.

Yes, Mandex Coatings is registered as a micro enterprise under Udyam registration (number: UDYAM-KL-02-0010772).

Mandex Coatings can be reached through the website mandex.in. Its registered office is in Ernakulam, Kerala, India.