MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0001423
New World Paints Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.29 Cr
▼ 12% YoY
Net profit · FY 2024
₹30.51 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹2.34 Cr
EBITDA margin 11%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Employees · EPFO
36
Provident fund records
About New World Paints Private Limited
Data last updated:
New World Paints Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 03 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH2008PTC187925. Its GSTIN is 27AAECP8738M1ZP (Maharashtra). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Oxy Premium Paints Private Limited and Premium Paints Private Limited. It is led by directors Manish Nanji Shah and Kirti Mulji Gosar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.29 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹30.51 Lakh (net margin 1.4%) and EBITDA of ₹2.34 Cr (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 11% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4 Cr on record. Court records list 32 cases involving the company, including 20 filed by the company and 12 filed against it; 14 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2012. Its 5 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 3 smaller; the largest is Sushee Coatings Private Limited with revenue of ₹21.56 Cr.
New World Paints Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0001423). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newworldpaints.com.
Company details
CIN U24220MH2008PTC187925
Registration Number 187925
Incorporation Date 03 November 2008
ROC Mumbai
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-MH-19-0001423
Name history
New World Paints has undergone 2 name changes throughout its history. The company was previously known as Oxy Premium Paints Private Limited, and Premium Paints Private Limited. The current legal name is New World Paints Private Limited.
| Company Name | Status |
|---|---|
| New World Paints Private Limited | Current |
| Oxy Premium Paints Private Limited | Previous |
| Premium Paints Private Limited | Previous |
Recognitions & Rankings of New World Paints
Contact details
New World Paints Private Limited's registered office is in Mumbai, Maharashtra. Its website is newworldpaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDiamond Palace Part A 15A Hill Road, Lavlesh Group Of Compan Opp Police Station Bandra West, Mumbai, Maharashtra, India – 400050
- IndustryManufacturing, Paint & Coatings
To see the full contact details of New World Paints Private Limited, buy the company report.
Comprehensive company report
New World 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 New World 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 New World Paints Private Limited, buy the company report.
Financials of New World Paints Private Limited
FY 2025 filings availableNew World Paints Private Limited reported revenue of ₹21.29 Cr (down 12% YoY) for FY 2024.
Revenue · FY 2024
₹21.29 Cr ▼ 12%
Net profit · FY 2024
₹30.51 Lakh margin 1.4%
EBITDA · FY 2024
₹2.34 Cr margin 11%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 16%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 1%
5 years · compounded
▼ 1%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 12% fall in the latest year. EBITDA fell 2% 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 | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.51 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 New World Paints Private Limited, buy the company report.
Board of directors of New World Paints Private Limited
New World 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 |
|---|---|---|---|---|
| Manish Nanji Shah | Director | 03 Nov 2008 | 18 Years 0 Months | Current |
| Kirti Mulji Gosar | Director | 17 Jul 2012 | 14 Years 3 Months | Current |
Peer comparison
New World Paints Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Sushee Coatings Private Limited | ₹21.56 Cr (FY 2025) | 182.0% | Bangalore, Karnataka, India | |||
| Guardian Coatings Private Limited | ₹21.35 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| New World Paints Private Limitedthis company | ₹21.29 Cr (FY 2024) | ₹30.51 Lakh | 1.4% | -12.0% | 36 | Mumbai, Maharashtra, India |
| Retina Paints Limited | ₹21.01 Cr (FY 2025) | 21.0% | Hyderabad, Telangana, India | |||
| Ultratech Textures Paints Private Limited | ₹20.96 Cr (FY 2024) | 8.0% | New Delhi, Delhi, India | |||
| Southfield Paints Limited | ₹20.88 Cr (FY 2024) | -55.0% | Malur, Karnataka, India |
To see the full peer comparison of New World Paints Private Limited, buy the company report.
Auditor
New World Paints Private Limited is audited by M.R.JAIN & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.R.JAIN & ASSOCIATES | FY 2022 | 112329W |
Shareholding
The shareholding of New World Paints 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 New World Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2018 | 100211833 | Tata Capital Financial Services Limited | ₹2 Cr | Open | |
| 30 Jun 2014 | 10517222 | Deutsche Bank Ag | ₹2 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
New World Paints Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2012.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
New World Paints Private Limited has 32 court cases on record: 20 filed by New World Paints, 12 filed against it. 14 cases are pending and 18 are disposed.
Total cases
32
Filed by the company
20
Filed against the company
12
Pending
14
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 12 | 14 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Ch101 Market Private Limited Through Its Authorized Representative Rohit Gupta | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Rizvi Estates and Hotels Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against M-S Mangal Enterprise P Ltd and 1 other | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Rizvi Estates and Hotels Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Kalpana Polymers Pvt. Ltd. Authorized Sanjeet Pai | Disposed |
To see the full case history of New World 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 New World Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
New World Paints Private Limited has a workforce of 36 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
-12.2%
GST
New World Paints has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
5
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP8738M1ZP | Maharashtra | Active | 01 Jul 2017 |
| 08AAECP8738M1ZP | Rajasthan | Active | 01 Jul 2017 |
| 09AAECP8738M1ZN | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAECP8738M1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of New World Paints Private Limited, buy the company report.
Recent activity
New World Paints Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Kirti Mulji Gosar was appointed as Director on 17 Jul 2012.
AGM
New World Paints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
New World Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 200.00 Lakh with Charge ID 100211833 was registered on 26 Oct 2018.
Charges
A charge with Deutsche Bank Ag amounted to Rs. 200.00 Lakh with Charge ID 10517222 was registered on 30 Jun 2014.
Appointed
Kirti Mulji Gosar was appointed as Director.
Ceased
Parthasarathy Gurusamy Raja ceased to be Director.
Appointed
Manish Nanji Shah was appointed as Director.
Appointed
Parthasarathy Gurusamy Raja was appointed as Director.
Incorporation
03 Nov 2008
New World Paints Private Limited was registered on 03 Nov 2008 with Roc Mumbai I & aged 18 years 6 days as per MCA records.
Frequently asked questions
New World Paints is an active private limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 03 November 2008 (18+ years old) and is registered under CIN U24220MH2008PTC187925.
New World Paints has 2 current directors:
- Manish Nanji Shah - Director
- Kirti Mulji Gosar - Director
The latest financial statements of New World 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 New World Paints is 27AAECP8738M1ZP, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 08AAECP8738M1ZP (Rajasthan), 09AAECP8738M1ZN (Uttar Pradesh), 24AAECP8738M1ZV (Gujarat).
The CIN (Corporate Identification Number) of New World Paints is U24220MH2008PTC187925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
New World Paints has 32 court cases on record: 20 filed by the company and 12 filed against it. 14 are pending. Most are in the district courts.
New World Paints was incorporated on 03 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
New World Paints has 1 deal on record (1 secondary share transfer); the latest was in March 2012.
The peers of New World Paints by revenue are Sushee Coatings Private Limited, Guardian Coatings Private Limited, Retina Paints Limited, Ultratech Textures Paints Private Limited, Southfield Paints Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Kirti Mulji Gosar was appointed as Director on 17 Jul 2012. Parthasarathy Gurusamy Raja ceased to be Director on 17 Jul 2012. Manish Nanji Shah was appointed as Director on 03 Nov 2008. New World Paints has 4 board changes on record in total.
Yes, New World Paints is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0001423).
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