About Mapei Construction Products India Private Limited
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Mapei Construction Products India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Mapei Spa Italy. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 04 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24290KA2011FTC057398. Its GSTIN is 29AAHCM0464A1ZR (Karnataka). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹77 Cr and a paid-up capital of ₹75.04 Cr. It is led by directors including Sanjay Bhalla (Managing Director) and Abhijit Dutta.
Its last annual general meeting (AGM) was held on 26 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at A01 And B01 First Floor Solus Jain Heights 1 Cross J.C.Road, Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2024, the company reported a revenue of ₹482.27 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹57.13 Cr (net margin 11.8%) and EBITDA of ₹82.33 Cr (EBITDA margin 17.1%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 24% over five years.
The company has about 381 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mapei. As per MCA filings, the company has open charges of ₹1.1 Cr on record. Court records list 13 cases involving the company, including 12 filed by the company and 1 filed against it; 1 case is pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹42.99 Cr; the latest was in December 2017. Its 8 peer companies in the Manufacturing industry (Construction Materials, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Shri Ashutosh Structures Private Limited with revenue of ₹344.61 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2022, listing 41 overdue payments to 15 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mapei.co.in.
Company details
Contact details
Mapei Construction Products India Private Limited's registered office is in Bangalore, Karnataka. Its website is mapei.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA01 And B01 First Floor Solus Jain Heights 1 Cross J.C.Road, Bangalore, Karnataka, India – 560002
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Mapei Construction Products India Private Limited, buy the company report.
- 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
Financials of Mapei Construction Products India Private Limited
FY 2024 filings availableMapei Construction Products India Private Limited reported revenue of ₹482.27 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 18% growth in the latest year. EBITDA rose 38% 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 | ₹482.27 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹82.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.13 Cr | ||||
| 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 | 17.1% | ||||
| Net Profit Margin | 11.8% | ||||
| 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 Mapei Construction Products India Private Limited, buy the company report.
Board of directors of Mapei Construction Products India Private Limited
Mapei Construction Products India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijit Dutta | Director | 04 Mar 2011 | 15 Years 7 Months | Current |
| Sanjay Bhalla | Managing Director | 11 Dec 2023 | 2 Years 10 Months | Current |
| Veronica Squinzi | Director | 04 Mar 2011 | 15 Years 7 Months | Current |
Peer comparison
Mapei Construction Products India Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Construction Materials, Industrial Chemicals), 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 |
|---|---|---|---|---|---|---|
| Mapei Construction Products India Private Limitedthis company | ₹482.27 Cr (FY 2024) | ₹57.13 Cr | 11.8% | 18.0% | 381 | Bangalore, Karnataka, India |
| Shri Ashutosh Structures Private Limited | ₹344.61 Cr (FY 2025) | 16.0% | Raipur, Chhattisgarh, India | |||
| Kerakoll India Private Limited | ₹342.2 Cr (FY 2024) | 15.0% | Mumbai, Maharashtra, India | |||
| Chemfab Alkalis Limited | ₹341.49 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Indianoil Total Private Limited | ₹339.51 Cr (FY 2024) | 43.0% | Mumbai, Maharashtra, India | |||
| K.C.P.Sugar and Industries Corporation Limited | ₹337.02 Cr (FY 2025) | -19.0% | Chennai, Tamil Nadu, India | |||
| Maithan Ceramic Ltd | ₹334.59 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Supreme Gums Private Limited | ₹332.01 Cr (FY 2025) | 17.0% | Rajasthan, India | |||
| Sainor Laboratories Private Limited | ₹328.35 Cr (FY 2025) | -34.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mapei Construction Products India Private Limited, buy the company report.
Auditor
Mapei Construction Products India Private Limited is audited by M S K A & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2024 | 105047W |
Shareholding
The shareholding of Mapei Construction Products India 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 Mapei Construction Products India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2023 | 100731230 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.1 Cr | Open |
To see the full charge records of Mapei Construction Products India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mapei Construction Products India Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹42.99 Cr; the latest was in December 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Rights issue | ₹32.04 Cr | Investors: an individual |
| Dec 2013 | Funding round | ₹18 Cr | Investors: an individual |
| Sep 2012 | Funding round | ₹10.01 Cr | Investors: an individual |
| Apr 2011 | Funding round | ₹14.98 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mapei Construction Products India Private Limited has 13 court cases on record: 12 filed by Mapei Construction Products India, 1 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Speed Readymix Concrete Pvt Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Speed Readymix Concrete Pvt Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Karnataka | Court case (STRP) | Filed against the company by The Joint Commissioner of Commercial Taxes | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Mapei Construction Products India 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.
MSME payment delays
Mapei Construction Products India Private Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 41 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bsa Polycontainer Private Limited | |||
| Tia Technology (India) Private Limited | |||
| Shivas Projects (India) Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mapei Construction Products India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mapei Construction Products India Private Limited has a workforce of 381 employees on its EPFO records as of Jan 07, 2026, across 1 active EPFO establishment.
GST
Mapei Construction Products India has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCM0464A1ZR | Karnataka | Active | 01 Jul 2017 |
| 29AAHCM0464A2ZQ | Karnataka | Active | 04 Sep 2017 |
| 24AAHCM0464A1Z1 | Gujarat | Active | 01 Jul 2017 |
| 27AAHCM0464A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mapei Construction Products India Private Limited, buy the company report.
Recent activity
Mapei Construction Products India Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Sanjay Bhalla was appointed as Managing Director on 11 Dec 2023.
News
Frequently asked questions
Mapei Construction Products India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 04 March 2011 (15+ years old) and is registered under CIN U24290KA2011FTC057398.
Mapei Construction Products India has 3 current directors:
- Sanjay Bhalla - Managing Director
- Abhijit Dutta - Director
- Veronica Squinzi - Director
The latest financial statements of Mapei Construction Products India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 26 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mapei Construction Products India is 29AAHCM0464A1ZR, registered in Karnataka. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 29AAHCM0464A2ZQ (Karnataka), 24AAHCM0464A1Z1 (Gujarat), 27AAHCM0464A1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Mapei Construction Products India is U24290KA2011FTC057398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mapei Construction Products India has 13 court cases on record: 12 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Mapei Construction Products India was incorporated on 04 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Mapei Construction Products India has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹42.99 Cr; the latest was in December 2017.
The peers of Mapei Construction Products India by revenue are Shri Ashutosh Structures Private Limited, Kerakoll India Private Limited, Chemfab Alkalis Limited, Indianoil Total Private Limited, K.C.P.Sugar and Industries Corporation Limited and 3 more, all in the Manufacturing industry (Construction Materials, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sanjay Bhalla was appointed as Managing Director on 11 Dec 2023. Abhijit Dutta ceased to be Managing Director on 10 Dec 2023. Giorgio Squinzi ceased to be Director on 02 Oct 2019. Mapei Construction Products India has 5 board changes on record in total.
Mapei Construction Products India has 4 MSME Form 1 returns on record between 2019 and 2022, listing 41 overdue payments to 15 micro and small suppliers. The latest return was filed on 08 Feb 2024.
Mapei Construction Products India can be reached through the website mapei.co.in. Its registered office is in Bangalore, Karnataka, India.