MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-UP-43-0002421
Garware Paints Limited - manufacturing in Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.1 Cr
▲ 8% YoY
Net loss · FY 2024
₹1.81 Lakh
Net margin -0.9%
EBITDA · FY 2024
₹36.52 Lakh
EBITDA margin 17.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹29.95 Lakh
Issued & subscribed
Satisfied charges
₹1.23 Cr
No open charges
Company age
25 yrs
Est. 2001
Directors on board
3
As per MCA filings
About Garware Paints Limited
Data last updated:
Garware Paints Limited is a public limited company based in Uttar Pradesh, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 09 November 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U24222UP2001PLC026343. Its GSTIN is 09AABCG8803B1ZW (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹29.95 Lakh. It was formerly known as Garware Colours Limited. It is led by directors including Ankur Agarwal and Arvind Kumar Agarwal.
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 123/440 Fazal Ganj Kanpur, Uttar Pradesh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.1 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹1.81 Lakh (net margin -0.9%) and EBITDA of ₹36.52 Lakh (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 21% over five years.
The company is associated with 1 brand: Garware Paints Limited. As per MCA filings, the company has satisfied charges of ₹1.23 Cr on record. Court records list 100 cases involving the company, including 59 filed by the company and 41 filed against it; 30 cases are pending.
Garware Paints Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-43-0002421). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwarepaint.com.
Company details
CIN U24222UP2001PLC026343
Registration Number 026343
Incorporation Date 09 November 2001
ROC Uttar Pradesh
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 Micro
Udyam Registration UDYAM-UP-43-0002421
Recognitions & Rankings of Garware Paints
Contact details
Garware Paints Limited's registered office is in Uttar Pradesh. Its website is garwarepaint.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address123/440 Fazal Ganj Kanpur, Uttar Pradesh, India
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Garware Paints Limited, buy the company report.
Comprehensive company report
Garware Paints 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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Brands
Garware Paints operates one associated brand: Garware Paints Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and distribution of paints and coatings for various applications. | garwarepaint.com |
Business activity
The main business activity of Garware Paints is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
To see the full business activity and turnover split of Garware Paints Limited, buy the company report.
Financials of Garware Paints Limited
FY 2025 filings availableGarware Paints Limited reported revenue of ₹2.1 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹2.1 Cr ▲ 8%
Net loss · FY 2024
₹1.81 Lakh margin -0.9%
EBITDA · FY 2024
₹36.52 Lakh margin 17.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 16%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 25%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 8% growth in the latest year. EBITDA rose 35% 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 | |||||
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| Total Expenses | |||||
| EBITDA | ₹36.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.81 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Garware Paints Limited, buy the company report.
Board of directors of Garware Paints Limited
Garware Paints has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Agarwal Also directs: Shargh Plasters Limited | Director | 09 Nov 2001 | 24 Years 11 Months | Current |
| Arvind Kumar Agarwal Also directs: Shargh Plasters Limited | Director | 09 Nov 2001 | 24 Years 11 Months | Current |
| Sudha Agarwal Also directs: Shargh Plasters Limited | Director | 09 Nov 2001 | 24 Years 11 Months | Current |
Auditor
Garware Paints Limited is audited by BHAGAT G & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAGAT G & ASSOCIATES | FY 2022 | 007257C |
Shareholding
The shareholding of Garware Paints Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Garware Paints Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.23 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Feb 2013 | 10414881 | Bank of India | ₹25 Lakh | Satisfied | |
| 24 Jul 2003 | 90272708 | Bank of India | ₹10 Lakh | Satisfied | |
| 23 May 2002 | 90267965 | Bank of India | ₹44 Lakh | Satisfied | |
| 10 May 2002 | 90272574 | Bank of India | ₹44 Lakh | Satisfied |
To see the full charge records of Garware Paints Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Garware Paints Limited has 100 court cases on record: 59 filed by Garware Paints, 41 filed against it. 30 cases are pending and 70 are disposed.
Total cases
100
Filed by the company
59
Filed against the company
41
Pending
30
Disposed
70
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 73 | 23 | 24 |
| High courts | 27 | 18 | 6 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Deve Paints Limited Earlier Known As Garware Paints Ltd and 2 others | Pending |
| Bombay High Court | Court case (AO) | Filed against the company by Deve Paints Limited Earlier Known As Garware Paints Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Ramon Publications Pvt. Ltd. Mr. Rajukumar P | Disposed |
| Bombay High Court | Court case (SPMP) | Filed against the company by Fairgrowth Financial Services Ltd | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Bakelite Hylam Ltd. | Pending |
To see the full case history of Garware Paints 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
No delayed payments to MSME suppliers are on our record for Garware Paints Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garware Paints has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCG8803B1ZW | Uttar Pradesh | Active | 26 Aug 2017 |
To see the full GST registrations and return filing status of Garware Paints Limited, buy the company report.
Recent activity
Garware Paints Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Syed Ali Akhter Rizvi ceased to be Director on 25 Jan 2013.
AGM
Garware Paints Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Garware Paints Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh I.
Charges
A charge registered on 13 Feb 2013 via Charge ID 10414881 with Bank Of India was fully satisfied on 12 Jun 2018.
Charges
A charge with Bank Of India amounted to Rs. 25.00 Lakh with Charge ID 10414881 was registered on 13 Feb 2013.
Ceased
Syed Ali Akhter Rizvi ceased to be Director.
Charges
A charge registered on 24 Jul 2003 via Charge ID 90272708 with Bank Of India was fully satisfied on 16 May 2011.
Charges
A charge registered on 23 May 2002 via Charge ID 90267965 with Bank Of India was fully satisfied on 16 May 2011.
Charges
A charge registered on 10 May 2002 via Charge ID 90272574 with Bank Of India was fully satisfied on 29 Mar 2011.
Charges
A charge with Bank Of India amounted to Rs. 10.00 Lakh with Charge ID 90272708 was registered on 24 Jul 2003.
Charges
A charge with Bank Of India of Rs. 44.00 Lakh registered on 23 May 2002 with Charge ID 90267965 was modified on 24 Jul 2003.
Charges
A charge with Bank Of India of Rs. 44.00 Lakh registered on 10 May 2002 with Charge ID 90272574 was modified on 24 Jul 2003.
Charges
A charge with Bank Of India amounted to Rs. 44.00 Lakh with Charge ID 90267965 was registered on 23 May 2002.
5 earlier events are in the company report.
Frequently asked questions
Garware Paints is an active public limited company based in Uttar Pradesh, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 09 November 2001 (25+ years old) and is registered under CIN U24222UP2001PLC026343.
Garware Paints has 3 current directors:
- Ankur Agarwal - Director
- Arvind Kumar Agarwal - Director
- Sudha Agarwal - Director
The latest financial statements of Garware Paints 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 Garware Paints is 09AABCG8803B1ZW, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Garware Paints is U24222UP2001PLC026343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garware Paints has 100 court cases on record: 59 filed by the company and 41 filed against it. 30 are pending. Most are in the district courts.
Garware Paints was incorporated on 09 November 2001, making it 25+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Syed Ali Akhter Rizvi ceased to be Director on 25 Jan 2013. Ankur Agarwal was appointed as Director on 09 Nov 2001. Arvind Kumar Agarwal was appointed as Director on 09 Nov 2001. Garware Paints has 4 board changes on record in total.
Yes, Garware Paints is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-43-0002421).
Garware Paints can be reached through the website garwarepaint.com. Its registered office is in Uttar Pradesh, India.