MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-22-0000287
Murthy Varnishes and Paints Private Limited
Murthy Varnishes and Paints Private Limited - manufacturing in Mysore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.1 Cr
▼ 14% YoY
Net profit · FY 2024
₹12,050
Net margin 0.1%
EBITDA · FY 2024
₹5.63 Lakh
EBITDA margin 5.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.4 Lakh
Issued & subscribed
Open charges
₹40 Lakh
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Murthy Varnishes and Paints Private Limited
Data last updated:
Murthy Varnishes and Paints Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 26 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24222KA2008PTC045768. Its GSTIN is 29AAFCM4694Q1ZG (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.4 Lakh. It is led by directors Mahesh Vasudeva Murthy (Managing Director) and Vyjayanthi Mahesh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2 W Industrial Estate Yadavagiri, Mysore, Karnataka, India – 570020.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.1 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹12,050 (net margin 0.1%) and EBITDA of ₹5.63 Lakh (EBITDA margin 5.1%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹40 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
Murthy Varnishes and Paints Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-22-0000287). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24222KA2008PTC045768
Registration Number 045768
Incorporation Date 26 March 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-22-0000287
Recognitions & Rankings of Murthy Varnishes and Paints
Contact details
Murthy Varnishes and Paints Private Limited's registered office is in Mysore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 W Industrial Estate Yadavagiri, Mysore, Karnataka, India – 570020
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Murthy Varnishes and Paints Private Limited, buy the company report.
Comprehensive company report
Murthy Varnishes and Paints 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 activity of Murthy Varnishes and Paints is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Murthy Varnishes and Paints Private Limited, buy the company report.
Financials of Murthy Varnishes and Paints Private Limited
FY 2024 filings availableMurthy Varnishes and Paints Private Limited reported revenue of ₹1.1 Cr (down 14% YoY) for FY 2024.
Revenue · FY 2024
₹1.1 Cr ▼ 14%
Net profit · FY 2024
₹12,050 margin 0.1%
EBITDA · FY 2024
₹5.63 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 1%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 2%
5 years · compounded
▲ 3%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 14% fall in the latest year. EBITDA rose 15% 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 |
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| Total Expenses | |||||
| EBITDA | ₹5.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12,050 | ||||
| Balance Sheet | |||||
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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 | 5.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Murthy Varnishes and Paints Private Limited, buy the company report.
Board of directors of Murthy Varnishes and Paints Private Limited
Murthy Varnishes and Paints has 2 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 |
|---|---|---|---|---|
| Mahesh Vasudeva Murthy | Managing Director | 26 Mar 2008 | 18 Years 7 Months | Current |
| Vyjayanthi Mahesh | Director | 26 Mar 2008 | 18 Years 7 Months | Current |
Peer comparison
Murthy Varnishes and Paints Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Superior Paints Private Limited | ₹1.11 Cr (FY 2025) | -23.0% | Hyderabad, Telangana, India | |||
| Dipru Paints Private Limited | ₹1.1 Cr (FY 2023) | 251.0% | Ahmedabad, Gujarat, India | |||
| Murthy Varnishes and Paints Private Limitedthis company | ₹1.1 Cr (FY 2024) | ₹12,050 | 0.1% | -14.0% | Mysore, Karnataka, India | |
| Woodco Paints Private Limited | ₹1.09 Cr (FY 2024) | 401.0% | Delhi, India |
To see the full peer comparison of Murthy Varnishes and Paints Private Limited, buy the company report.
Auditor
Murthy Varnishes and Paints Private Limited is audited by LOKNATH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LOKNATH & CO | FY 2020 | 001876S |
Shareholding
The shareholding of Murthy Varnishes and Paints Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Murthy Varnishes and Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹40 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2013 | 10402968 | Indian Overseas Bank | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Murthy Varnishes and Paints Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, TUMAKURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Murthy Varnishes and Paints 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
No delayed payments to MSME suppliers are on our record for Murthy Varnishes and Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Murthy Varnishes and Paints has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM4694Q1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Murthy Varnishes and Paints Private Limited, buy the company report.
Recent activity
Murthy Varnishes and Paints Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Mahesh Vasudeva Murthy ceased to be Director on 01 Apr 2008.
AGM
Murthy Varnishes And Paints Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Murthy Varnishes And Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Indian Overseas Bank amounted to Rs. 40.00 Lakh with Charge ID 10402968 was registered on 18 Jan 2013.
Ceased
Mahesh Vasudeva Murthy ceased to be Director.
Appointed
Mahesh Vasudeva Murthy was appointed as Managing Director.
Appointed
Vyjayanthi Mahesh was appointed as Director.
Incorporation
26 Mar 2008
Murthy Varnishes And Paints Private Limited was registered on 26 Mar 2008 with Roc Bangalore & aged 18 years 7 months as per MCA records.
Frequently asked questions
Murthy Varnishes and Paints is an active private limited company based in Mysore, Karnataka, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 26 March 2008 (18+ years old) and is registered under CIN U24222KA2008PTC045768.
Murthy Varnishes and Paints has 2 current directors:
- Mahesh Vasudeva Murthy - Managing Director
- Vyjayanthi Mahesh - Director
The latest financial statements of Murthy Varnishes and Paints on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Murthy Varnishes and Paints is 29AAFCM4694Q1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Murthy Varnishes and Paints is U24222KA2008PTC045768. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Murthy Varnishes and Paints has 1 court case on record: 1 filed against it.
Murthy Varnishes and Paints was incorporated on 26 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Murthy Varnishes and Paints by revenue are Superior Paints Private Limited, Dipru Paints Private Limited, Woodco Paints Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (wholesale trading).
Mahesh Vasudeva Murthy ceased to be Director on 01 Apr 2008. Mahesh Vasudeva Murthy was appointed as Managing Director on 26 Mar 2008. Vyjayanthi Mahesh was appointed as Director on 26 Mar 2008.
Yes, Murthy Varnishes and Paints is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-22-0000287).
The registered office of Murthy Varnishes and Paints is at 2 W Industrial Estate Yadavagiri, Mysore, Karnataka, India – 570020.
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