Mercury Paints And Varnishes Private Limited - Company Profile

It is a manufacturing private limited company based in Mumbai, Maharashtra, India, established in 1944.

1944 Mumbai, Maharashtra, India Active

Last Updated: February 18, 2026

About Mercury Paints And Varnishes Private Limited

Mercury Paints And Varnishes Private Limited, a active private limited company, was established on 22 March 1944 in Mumbai, Maharashtra, India. Engaging in paint & coatings within the financial and insurance service sector, it holds CIN: U24220MH1944PTC004157. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹5.00 M and a paid-up capital of ₹4.50 M.

It upholds a compliant status. Its leadership includes Prasad Vasant Kane (Director), Chetan Rasiklal Salot (Director), Rama Kant (Additional Director). Past directors included Kantilal Chandulal Mehta, Aijaz Kader Alvi, Unnikrishnan Padmanabhan Nambiar. Its latest AGM occurred on 12 September 2025, with the balance sheet filed on 31 March 2025. It is based at Allana House, 4, J.A. Allana Road Colaba, Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
U24220MH1944PTC004157
Registration Number
004157
Incorporation Date
22 March 1944
Authorized Capital
₹5.00 M
Paid-Up Capital
₹4.50 M
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 5.00 M as on 18-02-2026
Paid Up Capital ₹ 4.50 M as on 18-02-2026
Company Age 81 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** -87.64% (FY 2017)
Profit Growth **** 96.67% (FY 2017)
Ebitda **** 96.72% (FY 2017)
Net Worth -0.10% (FY 2017)
Total Assets -0.10% (FY 2017)

Comprehensive Company Insights

Explore comprehensive insights into Mercury Paints And Varnishes Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mercury Paints And Varnishes Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Prasad Vasant Kane	Director	30 Jun 2018	Current
Chetan Rasiklal Salot	Director	31 Mar 2014	Current
Rama Kant	Additional Director	01 Dec 2025	Current
Anjum Usman Lakhani	Additional Director	01 Dec 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	15 Oct 2013	Past
Pramod Abcsdd	Director Appointed In Casual Vacancy	02 Feb 2015	Past
Pramod Abcsdd	Director	30 Jun 2018	Past
Pramod Abcsdd	Director	30 Jun 2008	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past
Pramod Abcsdd	Director	31 Mar 2014	Past

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Financial Performance of Mercury Paints And Varnishes.

Mercury Paints And Varnishes Private Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 87.64% decrease. The company also saw a substantial improvement in profitability, with a 96.67% increase in profit. The company's net worth dipped by a decrease of 0.1%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-87.64%

*******

Revenue from Operations

*******

Total Assets

*******

-0.10%

*******

Profit or Loss

*******

96.67%

*******

Net Worth

*******

-0.10%

*******

EBITDA

*******

96.72%

*******

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What is the Ownership and Shareholding Structure of Mercury Paints And Varnishes?

In 2017, Mercury Paints And Varnishes had a promoter holding of 99.67% and a public holding of 0.33%. The company had 4 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Mercury Paints And Varnishes?

Unlock and access historical data on people associated with Mercury Paints And Varnishes, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Mercury Paints And Varnishes, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mercury Paints And Varnishes's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mercury Paints And Varnishes

Recent Activity within the Organization

Director Appointment

Progress on Rama Kant was appointed as a Additional Director was appointed as a Additional Director on 01 Dec 2025 & has been associated with this company since 3 months 6 days . was documented.
01 Dec 2025
Director Appointment

Anjum Usman Lakhani was appointed as a Additional Director was appointed as a Additional Director on 01 Dec 2025 & has been associated with this company since 3 months 6 days . was recorded as a recent event.
01 Dec 2025
Annual General Meeting

Mercury Paints And Varnishes Private Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records. was recorded as a recent event.
12 Sep 2025
Balance Sheet

The activity Mercury Paints And Varnishes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was completed.
31 Mar 2025
Director Appointment

The activity Prasad Vasant Kane was appointed as a Director was appointed as a Director on 30 Jun 2018 & has been associated with this company since 7 years 8 months . was completed.
30 Jun 2018
Director Appointment

Chetan Rasiklal Salot was appointed as a Director was appointed as a Director on 31 Mar 2014 & has been associated with this company since 11 years 11 months . was recorded as a recent event.
31 Mar 2014

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