MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0020216
Novatic Coatings Private Limited
Novatic Coatings Private Limited - manufacturing in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.34 Cr
▲ 212% YoY
Net profit · FY 2024
₹1.4 Cr
Net margin 9.7%
EBITDA · FY 2024
₹1.54 Cr
EBITDA margin 10.8%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Novatic Coatings Private Limited
Data last updated:
Novatic Coatings Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 23 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24232PN2014PTC151915. Its GSTIN is 27AAECV8561G1ZZ (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Vinpol Coatings Private Limited. It is led by directors including Manmohan Palat and Alexander Zill.
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 Building A2 Flat 302 Ganga Satellite 69 Wanowari, Pune, Maharashtra, India – 411040.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.34 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.4 Cr (net margin 9.7%) and EBITDA of ₹1.54 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 131% over three years and 52% over five years.
Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending.
Novatic Coatings Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0020216). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U24232PN2014PTC151915
Registration Number 151915
Incorporation Date 23 July 2014
ROC Pune
Listing Status Unlisted
Company Status Active
Compliance Status Active Non-Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0020216
Recognitions & Rankings of Novatic Coatings
Contact details
Novatic Coatings Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBuilding A2 Flat 302 Ganga Satellite 69 Wanowari, Pune, Maharashtra, India – 411040
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Novatic Coatings Private Limited, buy the company report.
Comprehensive company report
Novatic Coatings 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Novatic Coatings 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 Novatic Coatings Private Limited, buy the company report.
Financials of Novatic Coatings Private Limited
FY 2024 filings availableNovatic Coatings Private Limited reported revenue of ₹14.34 Cr (up 212% YoY) for FY 2024.
Revenue · FY 2024
₹14.34 Cr ▲ 212%
Net profit · FY 2024
₹1.4 Cr margin 9.7%
EBITDA · FY 2024
₹1.54 Cr margin 10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 212%
3 years · compounded
▲ 131%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▲ 476%
3 years · compounded
▲ 84%
5 years · compounded
▲ 67%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 212% growth in the latest year. EBITDA rose 476% 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 | ₹1.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.4 Cr | ||||
| 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 | 10.8% | ||||
| Net Profit Margin | 9.7% | ||||
| 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 Novatic Coatings Private Limited, buy the company report.
Board of directors of Novatic Coatings Private Limited
Novatic Coatings has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manmohan Palat Also directs: Allmann Trading and Services LLP | Director | 01 Aug 2015 | 11 Years 3 Months | Current |
| Alexander Zill Also directs: Allmann Trading and Services LLP | Director | 01 Sep 2015 | 11 Years 2 Months | Current |
| Jyothisree Nair | Additional Director | 25 Apr 2018 | 8 Years 6 Months | Current |
| Ramnik Behl | Director | 23 Jul 2014 | 12 Years 3 Months | Current |
Peer comparison
Novatic Coatings 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 |
|---|---|---|---|---|---|---|
| Sunil Paint and Varnishers Company Private Limited | ₹14.51 Cr (FY 2024) | -9.0% | Mumbai, Maharashtra, India | |||
| Kankoo Paints Pvt Ltd | ₹14.51 Cr (FY 2025) | 39.0% | Khed Shivapur, Maharashtra, India | |||
| Vani Paints Private Limited | ₹14.44 Cr (FY 2024) | 16.0% | Madurai, Tamil Nadu, India | |||
| Novatic Coatings Private Limitedthis company | ₹14.34 Cr (FY 2024) | ₹1.4 Cr | 9.7% | 212.0% | Pune, Maharashtra, India | |
| Acme Paints & Resin Private Limited | ₹14.31 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Goa Paints and Allied Products Private Limited | ₹14.19 Cr (FY 2025) | 2.0% | Panaji, Goa, India |
To see the full peer comparison of Novatic Coatings Private Limited, buy the company report.
Auditor
Novatic Coatings Private Limited is audited by KIRTI JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRTI JAIN & ASSOCIATES | FY 2023 | 137771 |
Shareholding
The shareholding of Novatic Coatings 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 Novatic Coatings Private Limited, buy the company report.
Legal cases
Novatic Coatings Private Limited has 6 court cases on record: 1 filed by Novatic Coatings, 5 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 4 | 0 |
| District courts | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against M/S Root Strap Evolution Private Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Novatic Coatings 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 Novatic Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novatic Coatings has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV8561G1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novatic Coatings Private Limited, buy the company report.
Recent activity
Novatic Coatings Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Aldin Turudic ceased to be Director on 10 Sep 2018.
AGM
Novatic Coatings Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Novatic Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Aldin Turudic ceased to be Director.
Appointed
Jyothisree Nair was appointed as Additional Director.
Ceased
Alexander Zill ceased to be Additional Director.
Ceased
Manmohan Palat ceased to be Additional Director.
Appointed
Alexander Zill was appointed as Director.
Ceased
Jyothisree Nair ceased to be Director.
Appointed
Manmohan Palat was appointed as Director.
Appointed
Ramnik Behl was appointed as Director.
Incorporation
23 Jul 2014
Novatic Coatings Private Limited was registered on 23 Jul 2014 with Roc Pune & aged 12 years 3 months as per MCA records.
Frequently asked questions
Novatic Coatings is an active private limited company based in Pune, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 23 July 2014 (12+ years old) and is registered under CIN U24232PN2014PTC151915.
Novatic Coatings has 4 current directors:
- Manmohan Palat - Director
- Alexander Zill - Director
- Jyothisree Nair - Additional Director
- Ramnik Behl - Director
The latest financial statements of Novatic Coatings 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 Novatic Coatings is 27AAECV8561G1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Novatic Coatings is U24232PN2014PTC151915. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novatic Coatings has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the nclat.
Novatic Coatings was incorporated on 23 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Novatic Coatings by revenue are Sunil Paint and Varnishers Company Private Limited, Kankoo Paints Pvt Ltd, Vani Paints Private Limited, Acme Paints & Resin Private Limited, Goa Paints and Allied Products Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Aldin Turudic ceased to be Director on 10 Sep 2018. Jyothisree Nair was appointed as Additional Director on 25 Apr 2018. Alexander Zill ceased to be Additional Director on 30 Dec 2015. Novatic Coatings has 8 board changes on record in total.
Yes, Novatic Coatings is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0020216).
The registered office of Novatic Coatings is at Building A2 Flat 302 Ganga Satellite 69 Wanowari, Pune, Maharashtra, India – 411040.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages