About Picasso Home Produts Private Limited
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Picasso Home Produts Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 02 May 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2003PTC140266. Its GSTIN is 27AADCP2538E1ZL (Maharashtra). The company holds 7 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.51 Cr. It was formerly known as Picasso Home Appliances Private Limited. It is led by directors Bhavesh Shantilal Patel and Jayantilal Ghevarchand Jain.
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 15 Parekh Mansion 1st Floor Aarey Road Goregaon West, Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.02 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹26.2 Lakh (net margin -6.5%) and EBITDA of ₹26.09 Lakh (EBITDA margin 6.5%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 15% over five years.
The company is associated with 1 brand: Picasso Home Products. As per MCA filings, the company has open charges of ₹7.07 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website picassoappliances.com.
Company details
Contact details
Picasso Home Produts Private Limited's registered office is in Mumbai, Maharashtra. Its website is picassoappliances.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address15 Parekh Mansion 1st Floor Aarey Road Goregaon West, Mumbai, Maharashtra, India – 400062
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of Picasso Home Produts Private Limited, 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
Brands
Picasso Home Produts operates one associated brand: Picasso Home Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & Supplier of Kitchenware Products | picassoappliances.com |
Business activity
The main business activity of Picasso Home Produts is personal and household service. In detail, this covers other personal service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S4 | Other Personal service activities |
To see the full business activity and turnover split of Picasso Home Produts Private Limited, buy the company report.
Financials of Picasso Home Produts Private Limited
FY 2024 filings availablePicasso Home Produts Private Limited reported revenue of ₹4.02 Cr (down 52% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 52% fall in the latest year. EBITDA fell 81% 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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| EBITDA | ₹26.09 Lakh | ||||
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| Net Profit (PAT) | -₹26.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | -6.5% | ||||
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To see the full financial statements and ratios of Picasso Home Produts Private Limited, buy the company report.
Board of directors of Picasso Home Produts Private Limited
Picasso Home Produts has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavesh Shantilal Patel Also directs: Avon Exim Private Limited, Dharti Realty Private Limited, Nextgen Logipark LLP and 4 more | Director | 02 May 2003 | 23 Years 5 Months | Current |
| Jayantilal Ghevarchand Jain Also directs: Avon Exim Private Limited, Dharti Realty Private Limited | Director | 02 May 2003 | 23 Years 5 Months | Current |
Auditor
Picasso Home Produts Private Limited is audited by JAGDISH PRITAMLAL KHOKHANI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAGDISH PRITAMLAL KHOKHANI | FY 2023 | 042708 |
Shareholding
The shareholding of Picasso Home Produts 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 |
|---|---|---|---|---|---|
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To see the full shareholding pattern of Picasso Home Produts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2020 | 100373501 | Others | ₹60 Lakh | Open | |
| 26 Mar 2012 | 10344658 | Bank of Baroda | ₹5 Cr | Open | |
| 14 Sep 2004 | 90148871 | State Bank of India | ₹1.47 Cr | Open |
To see the full charge records of Picasso Home Produts Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Picasso Home Produts Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Picasso Home Produts Private Limited was last rated by Crisil on 25 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Nov 2020 |
To see the full credit ratings and regulatory alerts of Picasso Home Produts Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Picasso Home Produts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Picasso Home Produts has 7 GST registrations: 2 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP2538E1ZL | Maharashtra | Active | 01 Jul 2017 |
| 26AADCP2538E1ZN | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Picasso Home Produts Private Limited, buy the company report.
Recent activity
Picasso Home Produts Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Bhavesh Shantilal Patel was appointed as Director on 02 May 2003.
Frequently asked questions
Picasso Home Produts is an active private limited company based in Mumbai, Maharashtra, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 02 May 2003 (23+ years old) and is registered under CIN U29309MH2003PTC140266.
Picasso Home Produts has 2 current directors:
- Bhavesh Shantilal Patel - Director
- Jayantilal Ghevarchand Jain - Director
The latest financial statements of Picasso Home Produts 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 Picasso Home Produts is 27AADCP2538E1ZL, registered in Maharashtra. The company has 7 GST registrations in all, of which 2 are active and 5 are cancelled or inactive. Other active GSTINs include 26AADCP2538E1ZN (Daman & Diu).
The CIN (Corporate Identification Number) of Picasso Home Produts is U29309MH2003PTC140266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Picasso Home Produts was incorporated on 02 May 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhavesh Shantilal Patel was appointed as Director on 02 May 2003. Jayantilal Ghevarchand Jain was appointed as Director on 02 May 2003.
Picasso Home Produts can be reached through the website picassoappliances.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Picasso Home Produts is at 15 Parekh Mansion 1st Floor Aarey Road Goregaon West, Mumbai, Maharashtra, India – 400062.
Picasso Home Produts operates in the home and lifestyle industry, in the crockery and kitchenware manufacturing segment.