Nitco Paints Pvt Ltd
About Nitco Paints Pvt Ltd
Data last updated:
Nitco Paints Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 19 June 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH1981PTC024652. Its GSTIN is 27AAACN2593G2ZE (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹29 Lakh. It is led by directors Sanjnaa Talwar and Poonam Talwar.
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 Inside Municipal Asphalt Compound Recondo Compound S.K.Ahire Marg Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.13 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹4 Cr (net margin -128%) and EBITDA of -₹3.62 Cr (EBITDA margin -115.7%). Revenue has declined at a compounded annual rate (CAGR) of 105% over three years and 1% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹550 Cr and satisfied charges of ₹80.66 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in December 2006.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nitco Paints Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressInside Municipal Asphalt Compound Recondo Compound S.K.Ahire Marg Worli, Mumbai, Maharashtra, India – 400030
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Nitco Paints Pvt Ltd, 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
Business activity
The main business activity of Nitco Paints is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Nitco Paints Pvt Ltd, buy the company report.
Financials of Nitco Paints Pvt Ltd
FY 2025 filings availableNitco Paints Pvt Ltd reported revenue of ₹3.13 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. 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 |
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| EBITDA | -₹3.62 Cr | ||||
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| Net Profit (PAT) | -₹4 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -115.7% | ||||
| Net Profit Margin | -128% | ||||
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To see the full financial statements and ratios of Nitco Paints Pvt Ltd, buy the company report.
Board of directors of Nitco Paints Pvt Ltd
Nitco Paints has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjnaa Talwar Also directs: Reliant Properties and Realty LLP, Tanvish Properties LLP, Wellwin Properties LLP and 5 more | Director | 25 Aug 2017 | 9 Years 2 Months | Current |
| Poonam Talwar Also directs: Nitco Limited, Nitco Construction Materials Private Limited, Nitco Terrazzo Tiles Private Limited(Td. From T.N) and 3 more | Director | 29 Sep 2001 | 25 Years 0 Months | Current |
Auditor
Nitco Paints Pvt Ltd is audited by GOPALAKRISHNAN MAHADEVAN for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPALAKRISHNAN MAHADEVAN | FY 2022 | 040675 |
Shareholding
The shareholding of Nitco Paints Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nitco Paints Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2024 | 100994088 | Others | ₹50 Cr | Open | |
| 22 May 2024 | 100934014 | Others | ₹500 Cr | Open | |
| 23 Sep 2017 | 100131747 | Others | ₹50 Cr | Satisfied | |
| 24 Mar 2003 | 90240970 | Sbi Commercial and International Bank Ltd. | ₹20 Lakh | Satisfied | |
| 22 May 1998 | 90222901 | Sbi Commercial and International Bank Ltd | ₹8.65 Cr | Satisfied |
To see the full charge records of Nitco Paints Pvt Ltd, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Nitco Paints Pvt Ltd has 1 deal on record (1 acquisition); the latest was in December 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2006 | Acquisition | Undisclosed | Buyer: Sherwin-Williams Co. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nitco Paints Pvt Ltd has 16 court cases on record: 6 filed by Nitco Paints, 10 filed against it. 1 case is pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 8 | 0 |
| High courts | 5 | 2 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Private Warrant case SW) | Filed against the company by M-S Shreenath Roadways - P Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Visen Industries Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| Bombay High Court | Court case (CHOL) | Filed by the company against Union of India | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India and Anr and 1 other | Disposed |
To see the full case history of Nitco Paints Pvt Ltd, 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 Nitco Paints Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nitco Paints has 3 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aqua-Marine Properties Private Limited | U45202MH2007PTC173689 | |
| Ib Hospitality Private Limited | U55101MH2009PTC193922 | |
| Digital Symphony Private Limited | U72900MH2008PTC184929 |
To see the full group structure of Nitco Paints Pvt Ltd, buy the company report.
GST
Nitco Paints has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN2593G2ZE | Maharashtra | Active | 01 Jun 2019 |
To see the full GST registrations and return filing status of Nitco Paints Pvt Ltd, buy the company report.
Recent activity
Nitco Paints Pvt Ltd has 5 board changes on record since 2001: 2 appointments and 3 cessations. The latest: Vivek Talwar Prannath ceased to be Director on 30 Aug 2017.
16 earlier events are in the company report.
Frequently asked questions
Nitco Paints is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 19 June 1981 (45+ years old) and is registered under CIN U24220MH1981PTC024652.
Nitco Paints has 2 current directors:
- Sanjnaa Talwar - Director
- Poonam Talwar - Director
The latest financial statements of Nitco 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 Nitco Paints is 27AAACN2593G2ZE, registered in Maharashtra. 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 Nitco Paints is U24220MH1981PTC024652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitco Paints has 16 court cases on record: 6 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Nitco Paints was incorporated on 19 June 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
Nitco Paints has 1 deal on record (1 acquisition); the latest was in December 2006.
Vivek Talwar Prannath ceased to be Director on 30 Aug 2017. Sanjnaa Talwar was appointed as Director on 25 Aug 2017. Pran Nath Amar Nath Talwar ceased to be Director on 02 May 2012. Nitco Paints has 5 board changes on record in total.
The registered office of Nitco Paints is at Inside Municipal Asphalt Compound Recondo Compound S.K.Ahire Marg Worli, Mumbai, Maharashtra, India – 400030.