About Axalta Coating Systems India Private Limited
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Axalta Coating Systems India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Axalta Coating Systems Singap. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 13 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24200DL2012PTC232798. Its GSTIN is 07AAECD2713N3ZK (Delhi). The company holds 15 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹6.25 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Dupont Performance Coatings India Private Limited and Dupont Performance Chemicals India Private Limited. It is led by directors including Lokender Pal Singh (Whole-Time Director) and Santosh Ramakant Tipnis.
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 501 & 502 5th Floor Eros Corporate Tower, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,097.81 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹79.43 Cr (net margin 7.2%) and EBITDA of ₹150 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 16% over five years.
The company is associated with 1 brand: Axelta. Court records list 87 cases involving the company, including 82 filed by the company and 5 filed against it; 18 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹177.35 Cr; the latest was in March 2013. Its 10 peer companies in the Manufacturing industry (Paints) are compared by revenue, 5 larger and 5 smaller; the largest is Indigo Paints Limited with revenue of ₹1,359.17 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 4,160 overdue payments to 131 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 axaltacoatingsystems.com.
Name History of Axalta Coating Systems India Private Limited
Axalta Coating Systems India has undergone 2 name changes throughout its history. The company was previously known as Dupont Performance Coatings India Private Limited, and Dupont Performance Chemicals India Private Limited. The current legal name is Axalta Coating Systems India Private Limited.
| Company Name | Status |
|---|---|
| Axalta Coating Systems India Private Limited | Current |
| Dupont Performance Coatings India Private Limited | Previous |
| Dupont Performance Chemicals India Private Limited | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address501 & 502 5th Floor Eros Corporate Tower, New Delhi, Delhi, India – 110019
- IndustryManufacturing, Paint & Coatings
- 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
- One PDF report, delivered after checkout
Associated Brands with Axalta Coating Systems India Private Limited
Axalta Coating Systems India operates one associated brand: Axelta. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers end-to-end IoT-based software platforms and hardware solutions for businesses. | axelta.com |
Business Activity of Axalta Coating Systems India Private Limited
The main business activity of Axalta Coating Systems India 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Axalta Coating Systems India Private Limited FY 2025 filings available
Axalta Coating Systems India Private Limited reported revenue of ₹1,097.81 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Axalta Coating Systems India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 8% growth in the latest year. EBITDA rose 12% 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 Axalta Coating Systems India Private Limited
| 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 | ₹150 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹79.43 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 of Axalta Coating Systems India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.2% | •••• | •••• | •••• | •••• |
| 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 Axalta Coating Systems India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Axalta Coating Systems India Private Limited
Axalta Coating Systems India has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Ramakant Tipnis | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Rajeev Kochar | Additional Director | 12 Feb 2025 | 1 Years 8 Months | Current |
| Lokender Pal Singh | Whole-Time Director | 12 Feb 2014 | 12 Years 8 Months | Current |
Peer Comparison of Axalta Coating Systems India Private Limited
Axalta Coating Systems India 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 |
|---|---|---|---|---|---|---|
| Indigo Paints Limited Listed | ₹1,359.17 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Nippon Paint (India) Private Limited | ₹1,265.99 Cr (FY 2021) | •••• | •••• | -1.0% | •••• | Sunguvarchatiram, Tamil Nadu, India |
| Asian Paints PPG Private Limited | ₹1,199.16 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Uttar Pradesh, India |
| Grauer and Weil (India) Limited Listed | ₹1,180.04 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Axalta Coating Systems India Private Limited this company | ₹1,097.81 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Jotun India Private Limited | ₹1,078.74 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Esdee Paints Limited | ₹1,041.23 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Miraj Drymix Private Limited | ₹940.08 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Navi Mumbai, Maharashtra, India |
| Shalimar Paints Ltd Listed | ₹608.9 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Gurugram, Haryana, India |
| Sheenlac Paints Limited | ₹559.52 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Axalta Coating Systems India 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 Axalta Coating Systems India Private Limited
Axalta Coating Systems India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Axalta Coating Systems India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Axalta Coating Systems India Private Limited
Axalta Coating Systems India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Axalta Coating Systems India Private Limited
Axalta Coating Systems India Private Limited has 4 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹177.35 Cr; the latest was in March 2013.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Axalta Coating Systems Singapore Private Limited, Axalta Coating Systems Singapore Private Limited & Manoj Kumar Seller: Dupont Performance Coatings Singapore Holdings Private Limited, E I Dupont India Private Limited & Manoj Kumar |
| Dec 2012 | Funding round | ₹28.5 Cr | Investors: Dupont Performance Coatings Singapore Holdings Private Limited |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: Axalta Coating Systems Singapore Private Limited Seller: Corteva Agriscience India Private Limited |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Axalta Coating Systems India Private Limited
Axalta Coating Systems India Private Limited has 87 court cases on record: 82 filed by Axalta Coating Systems India, 5 filed against it. 18 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 1 | 0 |
| District courts | 30 | 3 | 17 |
| NCLAT | 3 | 0 | 0 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against M/S VD Automobiles LLP | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed against the company by Mydsm Global Services Private Limited and 1 other | Pending |
| District court, Chandigarh | Execution petition | Filed by the company against M/S Steel City Properties Pvt. Ltd. | Pending |
| District court, Chandigarh | Execution petition | Filed by the company against M/S Abhishek Motors Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against JMD Auto India Private Limited | Pending |
Full case history
All 87 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Axalta Coating Systems India Private Limited
Axalta Coating Systems India Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 4,160 overdue payments to 131 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 131)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bharat Tin Works | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Aashish Coating Technologies Private Limited | •••• | •••• | •••• |
| Chowgule Warehousing & Logistics Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Axalta Coating Systems India Private Limited
Employment history and EPFO contributions of people linked to Axalta Coating Systems India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Axalta Coating Systems India Private Limited
Axalta Coating Systems India Private Limited has 16 board changes on record since 2013: 3 appointments and 13 cessations. The latest: Rajeev Kochar was appointed as Additional Director on 12 Feb 2025.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Axalta Coating Systems India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Axalta Coating Systems India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Axalta Coating Systems India Private Limited
Axalta Coating Systems India has 15 GST registrations: 9 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECD2713N3ZK | Delhi | Active | 03 Feb 2020 |
| 06AAECD2713N3ZM | Haryana | Active | 01 Jul 2017 |
| 19AAECD2713N1ZH | West Bengal | Active | 01 Jul 2017 |
| 24AAECD2713N1ZQ | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Axalta Coating Systems India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Axalta Coating Systems India Private Limited
Frequently Asked Questions about Axalta Coating Systems India Private Limited
Axalta Coating Systems India is an active private limited company based in New Delhi, Delhi, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 13 March 2012 (14+ years old) and is registered under CIN U24200DL2012PTC232798.
Axalta Coating Systems India reported revenue of ₹1,097.81 Cr for FY 2025 (up 8% YoY).
Axalta Coating Systems India has 3 current directors:
- Lokender Pal Singh - Whole-Time Director
- Santosh Ramakant Tipnis - Director
- Rajeev Kochar - Additional Director
Axalta Coating Systems India reported a net profit of ₹79.43 Cr (net margin 7.2%) and EBITDA of ₹150 Cr (EBITDA margin 13.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Axalta Coating Systems India is 15% over three years and 16% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Axalta Coating Systems India is 07AAECD2713N3ZK, registered in Delhi. The company has 15 GST registrations in all, of which 9 are active and 6 are cancelled or inactive. Other active GSTINs include 06AAECD2713N3ZM (Haryana), 19AAECD2713N1ZH (West Bengal), 24AAECD2713N1ZQ (Gujarat).
The CIN (Corporate Identification Number) of Axalta Coating Systems India is U24200DL2012PTC232798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axalta Coating Systems India has 87 court cases on record: 82 filed by the company and 5 filed against it. 18 are pending. Most are in the high courts.
Axalta Coating Systems India was incorporated on 13 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Axalta Coating Systems India has 4 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹177.35 Cr; the latest was in March 2013.
The peers of Axalta Coating Systems India by revenue are Indigo Paints Limited, Nippon Paint (India) Private Limited, Asian Paints PPG Private Limited, Modi Industries Limited, Grauer and Weil (India) Limited and 5 more, all in the Manufacturing industry (Paints).
Rajeev Kochar was appointed as Additional Director on 12 Feb 2025. Santosh Ramakant Tipnis ceased to be Additional Director on 31 Oct 2022. Subramaniam Shankar ceased to be Additional Director on 31 Oct 2022. Axalta Coating Systems India has 16 board changes on record in total.