PPG Asian Paints Private Limited

PPG Asian Paints Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24200MH1997PTC105961 Incorporated 19 February 1997 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company manufacturing Fortune MNC 500 · #286
Data last updated
Revenue · FY 2025
₹2,165.46 Cr
▲ 6% YoY
Net profit · FY 2025
₹281.41 Cr
Net margin 13%
EBITDA · FY 2025
₹417.88 Cr
EBITDA margin 19.3%
Authorised capital
₹130 Cr
Registered with MCA
Paid-up capital
₹57.04 Cr
Issued & subscribed
Open charges
₹35 Cr
Satisfied ₹30 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
762
Provident fund records

About PPG Asian Paints Private Limited

Data last updated:

PPG Asian 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 19 February 1997 and has been in existence for over 29 years.

PPG Asian Paints is ranked #286 on the Fortune MNC 500 India (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24200MH1997PTC105961. Its GSTIN is 27AAACA8832H1ZO (Maharashtra). The company holds 31 GST registrations, of which 25 are active.

The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹57.04 Cr. It was formerly known as Asian Ppg Industries Private Limited and Asian Ppg Industries Limited. It is led by directors including Rahul Bhatnagar and Jeyamurugan Jeyapandiyan Ramalingam.

Its last annual general meeting (AGM) was held on 06 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at O Simpliwork Offices 4th Floor Tower A Godrej IT Park, Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹2,165.46 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹281.41 Cr (net margin 13%) and EBITDA of ₹417.88 Cr (EBITDA margin 19.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 11% over five years.

The company has about 762 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: PPG Asian Paints. As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹30 Cr on record. Court records list 355 cases involving the company, including 317 filed by the company and 38 filed against it; 92 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹32 Cr; the latest was in April 2013. Its 7 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 5 smaller; the largest is Berger Paints India Limited with revenue of ₹11,639 Cr. The company has 18 MSME Form 1 returns on record between 2018 and 2024, listing 4,755 overdue payments to 477 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ppgasianpaints.com.

Company details

CIN U24200MH1997PTC105961
Registration Number 105961
Incorporation Date 19 February 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 06 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

PPG Asian Paints has undergone 2 name changes throughout its history. The company was previously known as Asian Ppg Industries Private Limited, and Asian Ppg Industries Limited. The current legal name is Ppg Asian Paints Private Limited.

Company NameStatus
PPG Asian Paints Private LimitedCurrent
Asian Ppg Industries Private LimitedPrevious
Asian Ppg Industries LimitedPrevious

CIN history

PPG Asian Paints has one previous CIN (Corporate Identification Number): U24200MH1997PLC105961. The current CIN is U24200MH1997PTC105961, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24200MH1997PTC105961Current
U24200MH1997PLC105961Previous
Key People
Jitendra Kalra Ceo Rahul Bhatnagar Nominee Director Jeyamurugan Jeyapandiyan Ramalingam Nominee Director

Recognitions & Rankings of PPG Asian Paints

Fortune MNC 500 India 2026 edition
Rank#286
Total income
₹2,078 Cr
Profit
₹265 Cr
Last year #275

Contact details

PPG Asian Paints Private Limited's registered office is in Mumbai, Maharashtra. Its website is ppgasianpaints.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ppgasianpaints.com
  • Social Media
  • Registered Address
    C/O Simpliwork Offices 4th Floor Tower A Godrej IT Park, 02 Building Godrej Business District Lbs Marg Vikhroli West, Mumbai, Maharashtra, India – 400079
  • Industry
    Manufacturing, Paint & Coatings

To see the full contact details of PPG Asian Paints Private Limited, buy the company report.

Comprehensive company report
PPG Asian 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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Brands

PPG Asian Paints operates one associated brand: PPG Asian Paints. Each brand links to its own profile.

BrandDescriptionWebsite
PPG Asian Paints
Coatings manufacturing and services in automotive, industrial, marine, and packaging sectors.ppgasianpaints.com

Business activity

The main business activity of PPG Asian Paints is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of PPG Asian Paints Private Limited, buy the company report.

Financials of PPG Asian Paints Private Limited

FY 2026 filings available

PPG Asian Paints Private Limited reported revenue of ₹2,165.46 Cr (up 6% YoY) for FY 2025.

Revenue · FY 2025
₹2,165.46 Cr ▲ 6%
Net profit · FY 2025
₹281.41 Cr margin 13%
EBITDA · FY 2025
₹417.88 Cr margin 19.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 14%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 45%
5 years · compounded
▲ 19%

Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 6% growth in the latest year. EBITDA rose 4% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹417.88 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹281.41 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin19.3%
Net Profit Margin13%
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 PPG Asian Paints Private Limited, buy the company report.

Board of directors and KMP of PPG Asian Paints Private Limited

PPG Asian Paints Private Limited currently reports 4 directors and 1 key managerial person. 19 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Rahul Bhatnagar
Also directs: Asian Paints PPG Private Limited, Harind Chemicals and Pharmaceuticals Private Limited, Nova Surface-Care Centre Private Limited
Nominee Director15 Jul 20224 Years 3 MonthsCurrent
Jeyamurugan Jeyapandiyan Ramalingam
Also directs: Asian Paints PPG Private Limited
Nominee Director27 Nov 20196 Years 11 MonthsCurrent
Man Wai Siu
Also directs: Asian Paints PPG Private Limited
Nominee Director22 Jul 20206 Years 3 MonthsCurrent
Jitendra Kalra
Also directs: Revocoat India Private Limited
Ceo04 Jul 20224 Years 3 MonthsCurrent
Chancey Edwin HagertyNominee Director18 Apr 20233 Years 6 MonthsCurrent
View all directors and KMP

Peer comparison

PPG Asian Paints Private Limited is compared with the 7 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Berger Paints India Limited₹11,639 Cr (FY 2025)3.0%Kolkata, West Bengal, India
JSW Dulux Limited₹4,118.8 Cr (FY 2025)3.0%Kolkata, West Bengal, India
PPG Asian Paints Private Limitedthis company₹2,165.46 Cr (FY 2025)₹281.41 Cr13%6.0%762Mumbai, Maharashtra, India
JSW Paints Limited₹2,163.18 Cr (FY 2025)3.0%Mumbai, Maharashtra, India
Visen Industries Limited₹1,990.49 Cr (FY 2025)19.0%Mumbai, Maharashtra, India
Indigo Paints Limited₹1,359.17 Cr (FY 2025)3.0%Pune, Maharashtra, India
Nippon Paint (India) Private Limited₹1,265.99 Cr (FY 2021)-1.0%Sunguvarchatiram, Tamil Nadu, India
Asian Paints PPG Private Limited₹1,199.16 Cr (FY 2025)4.0%Mumbai, Maharashtra, India

To see the full peer comparison of PPG Asian Paints Private Limited, buy the company report.

Auditor

PPG Asian Paints Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Deloitte Haskins & Sells LLPFY 2024117366W | W-100018

Shareholding

The shareholding of PPG Asian Paints Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of PPG Asian Paints Private Limited, buy the company report.

Charges & borrowings

Open charges
₹35 Cr
Satisfied charges
₹30 Cr
Breakdown by lending institutions
State Bank of India₹35.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Aug 199990147326State Bank of India₹35 CrOpen
06 Jun 201110293116Hdfc Bank Limited₹30 CrSatisfied

To see the full charge records of PPG Asian Paints Private Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

PPG Asian Paints Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹32 Cr; the latest was in April 2013.

Total deals
1
Funding round
1
Disclosed funding
₹32 Cr

Deals on record (1 of 1)

WhenDealAmountParties
Apr 2013Funding round₹32 CrInvestors: Asian Paints Limited , Ppg Industries Securities Llc

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

PPG Asian Paints Private Limited was last rated by Crisil on 16 Jul 2020.

Rating agencyRated onRating
Crisil16 Jul 2020

To see the full credit ratings and regulatory alerts of PPG Asian Paints Private Limited, buy the company report.

MSME payment delays

PPG Asian Paints Private Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 4,755 overdue payments to 477 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 477)

SupplierAmount dueDue sinceReported on
Platinum Logistics Solutions India Private Limited
an individual supplier
an individual supplier
Kovax Abrasives South Asia Private Limited
JBD Enterprises Private Limited

To see the full MSME payment records of PPG Asian Paints Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

PPG Asian Paints has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Revocoat India Private LimitedU24299PY1997PTC001304

To see the full group structure of PPG Asian Paints Private Limited, buy the company report.

Employees & EPFO

PPG Asian Paints Private Limited has a workforce of 762 employees on its EPFO records as of Nov 08, 2024, across 1 active EPFO establishment.

Employee count
762
Active EPFO establishments
1
Employee growth
0.79%

GST

PPG Asian Paints has 31 GST registrations: 25 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
31
Active
25
Cancelled / inactive
6
GSTINStateStatusRegistered on
27AAACA8832H1ZOMaharashtraActive01 Jul 2017
27AAACA8832H2ZNMaharashtraActive05 Aug 2017
03AAACA8832H1ZYPunjabActive01 Jul 2017
05AAACA8832H1ZUUttarakhandActive01 Jul 2017

To see the full GST registrations and return filing status of PPG Asian Paints Private Limited, buy the company report.

Recent activity

PPG Asian Paints Private Limited has 22 board changes on record since 2007: 5 appointments and 17 cessations. The latest: Rajiv Vimal ceased to be CFO on 22 Jun 2026.

AGM
Ppg Asian Paints Private Limited last Annual general meeting of members was held on 06 Jul 2026 as per latest MCA records.
Ceased
Rajiv Vimal ceased to be CFO.
Filing
Ppg Asian Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Chancey Edwin Hagerty was appointed as Nominee Director.
Ceased
Rebecca Burchett Liebert ceased to be Nominee Director.
Appointed
Rahul Bhatnagar was appointed as Nominee Director.
Appointed
Jitendra Kalra was appointed as CEO.
Charges
A charge with State Bank Of India of Rs. 35.00 Cr registered on 10 Aug 1999 with Charge ID 90147326 was modified on 28 Jun 2021.
Appointed
Man Wai Siu was appointed as Nominee Director.
Ceased
Michael Robert Brugger ceased to be Alternate Director.
Appointed
Jeyamurugan Jeyapandiyan Ramalingam was appointed as Nominee Director.
Ceased
Vincent Marie Ghislain Robin ceased to be Additional Director.

17 earlier events are in the company report.

News

Frequently asked questions

PPG Asian 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 19 February 1997 (29+ years old) and is registered under CIN U24200MH1997PTC105961.

PPG Asian Paints has 5 current directors and KMP:

The latest financial statements of PPG Asian Paints on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of PPG Asian Paints is 27AAACA8832H1ZO, registered in Maharashtra. The company has 31 GST registrations in all, of which 25 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAACA8832H2ZN (Maharashtra), 03AAACA8832H1ZY (Punjab), 05AAACA8832H1ZU (Uttarakhand).

The CIN (Corporate Identification Number) of PPG Asian Paints is U24200MH1997PTC105961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

PPG Asian Paints has 355 court cases on record: 317 filed by the company and 38 filed against it. 92 are pending. Most are in the district courts.

PPG Asian Paints was incorporated on 19 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

PPG Asian Paints has 1 deal on record (1 funding round), with disclosed funding of ₹32 Cr; the latest was in April 2013.

The peers of PPG Asian Paints by revenue are Berger Paints India Limited, JSW Dulux Limited, JSW Paints Limited, Visen Industries Limited, Indigo Paints Limited and 2 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Rajiv Vimal ceased to be CFO on 22 Jun 2026. Chancey Edwin Hagerty was appointed as Nominee Director on 18 Apr 2023. Rebecca Burchett Liebert ceased to be Nominee Director on 16 Sep 2022. PPG Asian Paints has 22 board changes on record in total.

PPG Asian Paints has 18 MSME Form 1 returns on record between 2018 and 2024, listing 4,755 overdue payments to 477 micro and small suppliers. The latest return was filed on 25 Apr 2024.

PPG Asian Paints can be reached through the website ppgasianpaints.com. Its registered office is in Mumbai, Maharashtra, India.