MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0015948
Miracle Coatings Private Limited
Miracle Coatings Private Limited - manufacturing in Nelamangala, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.18 Cr
▲ 16% YoY
Net profit · FY 2025
₹11.24 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹1.06 Cr
EBITDA margin 6.2%
Authorised capital
₹1.6 Cr
Registered with MCA
Paid-up capital
₹1.53 Cr
Issued & subscribed
Open charges
₹3.58 Cr
Satisfied ₹2.85 Cr
Company age
46 yrs
Est. 1980
Employees · EPFO
67
Provident fund records
About Miracle Coatings Private Limited
Data last updated:
Miracle Coatings Private Limited is a private limited company based in Nelamangala, Karnataka, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 20 August 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1980PTC003907. Its GSTIN is 29AAACB6085B1ZU (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.53 Cr. It was formerly known as Bangalore Paints Limited and Bangalore Paints Private Limited. It is led by directors including Ratikanta Panda and Sanjay Shroff.
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 Nelamangala, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.18 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹11.24 Lakh (net margin 0.7%) and EBITDA of ₹1.06 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 16% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.58 Cr and satisfied charges of ₹2.85 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 2 cases are pending.
Miracle Coatings Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0015948). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U85110KA1980PTC003907
Registration Number 003907
Incorporation Date 20 August 1980
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0015948
Name history
Miracle Coatings has undergone 2 name changes throughout its history. The company was previously known as Bangalore Paints Limited, and Bangalore Paints Private Limited. The current legal name is Miracle Coatings Private Limited.
| Company Name | Status |
|---|---|
| Miracle Coatings Private Limited | Current |
| Bangalore Paints Limited | Previous |
| Bangalore Paints Private Limited | Previous |
CIN history
Miracle Coatings has one previous CIN (Corporate Identification Number): U85110KA1980PLC003907. The current CIN is U85110KA1980PTC003907, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1980PTC003907 | Current |
| U85110KA1980PLC003907 | Previous |
Recognitions & Rankings of Miracle Coatings
Contact details
Miracle Coatings Private Limited's registered office is in Nelamangala, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.B – 128 5th Main Kssidc Layout Industrial Estate Machon, Ayakanhall, Nelamangala, Karnataka, India – 562123
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Miracle Coatings Private Limited, buy the company report.
Comprehensive company report
Miracle 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 activities of Miracle Coatings are manufacturing and professional, scientific and technical. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Miracle Coatings Private Limited, buy the company report.
Financials of Miracle Coatings Private Limited
FY 2025 filings availableMiracle Coatings Private Limited reported revenue of ₹17.18 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹17.18 Cr ▲ 16%
Net profit · FY 2025
₹11.24 Lakh margin 0.7%
EBITDA · FY 2025
₹1.06 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 9%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 14%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 16% growth in the latest year. EBITDA rose 45% 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 | ₹1.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.24 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Miracle Coatings Private Limited, buy the company report.
Board of directors of Miracle Coatings Private Limited
Miracle Coatings has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratikanta Panda | Director | 28 Jun 2024 | 2 Years 4 Months | Current |
| Rajesh Ramchand Bajaj Also directs: Rs-Gk Real Estates LLP, Golflinks Properties Private Limited, More-Finanshare Investments Private Limited and 3 more | Nominee Director | 18 May 2015 | 11 Years 5 Months | Current |
| Sanjay Shroff | Director | 03 Feb 1987 | 39 Years 9 Months | Current |
| Tarak Bhikhalal Madhani Also directs: Finman Capital Services Private Limited | Nominee Director | 18 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Miracle Coatings Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Victor Colours and Coatings Private Limited | ₹18.03 Cr (FY 2025) | -28.0% | New Delhi, Delhi, India | |||
| S L Chemicals & Organics Private Limited | ₹17.57 Cr (FY 2024) | Samastipur, Bihar, India | ||||
| Miracle Coatings Private Limitedthis company | ₹17.18 Cr (FY 2025) | ₹11.24 Lakh | 0.7% | 16.0% | 67 | Nelamangala, Karnataka, India |
| Jayasakthi Chemicals Private Limited | ₹17.16 Cr (FY 2022) | 268.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Miracle Coatings Private Limited, buy the company report.
Auditor
Miracle Coatings Private Limited is audited by KRISHNA M & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNA M & Co. | FY 2023 | 021124S |
Shareholding
The shareholding of Miracle Coatings 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 Miracle Coatings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.58 Cr
Satisfied charges
₹2.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jan 2024 | 100858582 | Others | ₹3.5 Cr | Open | |
| 05 Jun 2023 | 100742228 | Hdfc Bank Limited | ₹7.5 Lakh | Open | |
| 27 Jun 2002 | 90189556 | Karnataka State Financial Corportion | ₹40 Lakh | Satisfied | |
| 12 Dec 1995 | 80030897 | State Bank of India | ₹2.4 Cr | Satisfied | |
| 23 Apr 1981 | 90189765 | State Bank of India | ₹4.5 Lakh | Satisfied |
To see the full charge records of Miracle Coatings Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Miracle Coatings Private Limited has 10 court cases on record: 4 filed by Miracle Coatings, 6 filed against it. 2 cases are pending and 8 are disposed.
Total cases
10
Filed by the company
4
Filed against the company
6
Pending
2
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 1 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (TD) | Filed against the company by Pidilite Industries Ltd. | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M S Rajalakshmi Polypacks Pvt Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed against the company by Pidilite Industries Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Rajalakshmi Polypacks Pvt.Ltd | Disposed |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Miracle Coatings 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
Miracle Coatings Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 46 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Indira Chemical Agency | |||
| Aone Dev Mantra Financial Services Private Limited | |||
| an individual supplier | |||
| Somu Solvents Private Limited | |||
| Kaba Express Private Limited |
To see the full MSME payment records of Miracle Coatings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Miracle Coatings Private Limited has a workforce of 67 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
67
Active EPFO establishments
1
Employee growth
-12.99%
GST
Miracle Coatings has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACB6085B1ZU | Karnataka | Active | 01 Jul 2017 |
| 27AAACB6085B1ZY | Maharashtra | Active | 12 Feb 2024 |
To see the full GST registrations and return filing status of Miracle Coatings Private Limited, buy the company report.
Recent activity
Miracle Coatings Private Limited has 12 board changes on record since 1987: 4 appointments and 8 cessations. The latest: Ratikanta Panda ceased to be Director on 14 Apr 2025.
AGM
Miracle Coatings Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Ratikanta Panda ceased to be Director.
Filing
Miracle Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Ratikanta Panda was appointed as Director.
Charges
A charge with Others of Rs. 3.50 Cr registered on 10 Jan 2024 with Charge ID 100858582 was modified on 11 Jan 2024.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100858582 was registered on 10 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100742228 was registered on 05 Jun 2023.
Ceased
Rajesh Kumar Rai ceased to be Director.
Charges
A charge registered on 23 Apr 1981 via Charge ID 90189765 with State Bank Of India was fully satisfied on 21 Mar 2019.
Charges
A charge registered on 27 Jun 2002 via Charge ID 90189556 with Karnataka State Financial Corportion was fully satisfied on 21 Jan 2019.
Appointed
Rajesh Ramchand Bajaj was appointed as Nominee Director.
Ceased
Sheela Bhat ceased to be Director.
13 earlier events are in the company report.
Frequently asked questions
Miracle Coatings is an active private limited company based in Nelamangala, Karnataka, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 20 August 1980 (46+ years old) and is registered under CIN U85110KA1980PTC003907.
Miracle Coatings has 4 current directors:
- Ratikanta Panda - Director
- Rajesh Ramchand Bajaj - Nominee Director
- Sanjay Shroff - Director
- Tarak Bhikhalal Madhani - Nominee Director
The latest financial statements of Miracle Coatings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Miracle Coatings is 29AAACB6085B1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACB6085B1ZY (Maharashtra).
The CIN (Corporate Identification Number) of Miracle Coatings is U85110KA1980PTC003907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miracle Coatings has 10 court cases on record: 4 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Miracle Coatings was incorporated on 20 August 1980, making it 46+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Miracle Coatings by revenue are Victor Colours and Coatings Private Limited, S L Chemicals & Organics Private Limited, Jayasakthi Chemicals Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ratikanta Panda ceased to be Director on 14 Apr 2025. Ratikanta Panda was appointed as Director on 28 Jun 2024. Rajesh Kumar Rai ceased to be Director on 31 Mar 2022. Miracle Coatings has 12 board changes on record in total.
Yes, Miracle Coatings is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0015948).
Miracle Coatings has 6 MSME Form 1 returns on record between 2021 and 2023, listing 46 overdue payments to 12 micro and small suppliers. The latest return was filed on 19 Dec 2023.
The registered office of Miracle Coatings is at No.B – 128 5th Main Kssidc Layout Industrial Estate Machon, Ayakanhall, Nelamangala, Karnataka, India – 562123.
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