Nitco Paints Pvt Ltd - Company Profile

It is a chemicals and materials private limited company based in Mumbai, Maharashtra, India, established in 1981.
1981 Mumbai, Maharashtra, India Active
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About Nitco Paints Pvt Ltd

Nitco Paints Pvt Ltd, a active private limited company, was established on 19 June 1981 in Mumbai, Maharashtra, India. Engaging in chemical distribution & retail within the manufacturing sector, it holds CIN: U24220MH1981PTC024652. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹2.90 M.

It upholds a compliant status. Its leadership includes Sanjnaa Talwar (Director), Poonam Talwar (Director). Past directors included Pran Nath Amar Nath Talwar, Sanjiv Bashesharnath Batra, Vivek Talwar Prannath. It holds ₹550.00 Cr open charges and ₹80.66 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Inside Municipal Asphalt Compound, Recondo Compound, S.K.Ahire Marg, Worli, Mumbai, Maharashtra, 400030.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U24220MH1981PTC024652

  • Registration Number

    024652

  • Incorporation Date

    19 June 1981

  • Authorized Capital

    ₹2.00 Cr

  • Paid-Up Capital

    ₹2.90 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 2.90 M
  • Company Age 44 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 550.00 Cr
  • Satisfied Charges ₹ 80.66 Cr
  • Revenue Growth **** 46.21%
  • Profit Growth **** -27.23%
  • Ebitda **** 8.88%
  • Net Worth -0.36%
  • Total Assets **** 1.65%
Company report

Nitco Paints Pvt Ltd

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Nitco Paints Pvt Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Nitco Paints Pvt Ltd?
Current Directors
Name Designation Appointment Date Status
Sanjnaa Talwar Director 25 Aug 2017 Current
Poonam Talwar Director 29 Sep 2001 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 02 May 2012 Past
Pramod Abcsdd Whole-Time Director 10 Oct 2011 Past
Pramod Abcsdd Director 30 Aug 2017 Past

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Financial Performance of Nitco Paints.

Nitco Paints Pvt Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 46.21% increase. The company also saw a substantial fall in profitability, with a 27.23% decrease in profit. The company's net worth dipped by a decrease of 0.36%.

Nitco Paints revenue growth over time
Nitco Paints profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 46.21%
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*******
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Revenue from Operations
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 46.61%
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*******
*******
Total Assets
*******
 1.65%
*******
*******
*******
*******
Profit or Loss
*******
 -27.23%
*******
*******
*******
*******
Net Worth
*******
 -0.36%
*******
*******
*******
*******
EBITDA
*******
 8.88%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Nitco Paints?

In 2022, Nitco Paints had a promoter holding of 100.00%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹5,500,000,000.00

Satisfied Charges

₹806,631,500.00

Charges Breakdown by Lending Institutions
  • Others : 550.00 Cr
Latest Charge Details
Date Lender Amount Status
06 Sep 2024 Others ₹50.00 Cr Open
22 May 2024 Others ₹500.00 Cr Open
23 Sep 2017 Others ₹50.00 Cr Satisfied
24 Mar 2003 Sbi Commercial And International Bank Ltd. ₹2.00 M Satisfied
22 May 1998 Sbi Commercial And International Bank Ltd ₹8.65 Cr Satisfied

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How Many Employees Work at Nitco Paints?

Unlock and access historical data on people associated with Nitco Paints, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nitco Paints, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nitco Paints's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Nitco Paints
Recent Activity within the Organization
  • Charges

    Progress on A charge registered on 23 Sep 2017 via Charge ID 100131747 with Others was fully satisfied on 08 Sep 2025. was documented.

  • Annual General Meeting

    Nitco Paints Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100994088 was registered on 06 Sep 2024. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 500.00 Cr with Charge ID 100934014 was registered on 22 May 2024. was completed.

  • Balance Sheet

    The activity Nitco Paints Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Charges

    A charge with Others of Rs. 50.00 Cr registered on 23 Sep 2017 with Charge ID 100131747 was modified on 26 Nov 2019. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Nitco Paints Pvt Ltd?

The CIN of Nitco Paints Pvt Ltd is U24220MH1981PTC024652.

Where is Nitco Paints Pvt Ltd headquartered?

Nitco Paints Pvt Ltd is headquartered at Inside Municipal Asphalt Compound, Recondo Compound, S.K.Ahire Marg, Worli, Mumbai, Maharashtra, 400030.

When was Nitco Paints Pvt Ltd incorporated?

Nitco Paints Pvt Ltd was incorporated on 19 June 1981.

Who are the current directors of Nitco Paints Pvt Ltd?

The current directors of Nitco Paints Pvt Ltd are

What is the primary industry of Nitco Paints Pvt Ltd?

The primary industry of Nitco Paints Pvt Ltd is Manufacturing.

Is Nitco Paints Pvt Ltd a listed company?

Nitco Paints Pvt Ltd is unlisted.

What is the capital structure of Nitco Paints Pvt Ltd?

The authorized capital of Nitco Paints Pvt Ltd is ₹2.00 Cr, and the paid-up capital is ₹2.90 M.

What is the compliance status of Nitco Paints Pvt Ltd?

The compliance status of Nitco Paints Pvt Ltd is Compliant.

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