MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0012259
Precision Coatings Pvt Ltd - healthcare in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹44.18 Cr
▲ 12% YoY
Net profit · FY 2024
₹4.92 Cr
Net margin 11.1%
EBITDA · FY 2024
₹7.75 Cr
EBITDA margin 17.6%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹13.75 Lakh
Issued & subscribed
Open charges
₹4.2 Cr
Satisfied ₹2.73 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
128
Provident fund records
About Precision Coatings Pvt Ltd
Data last updated:
Precision Coatings Pvt Ltd is a private limited company based in Indore, Madhya Pradesh, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 21 August 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U29101MP1986PTC003544. Its GSTIN is 23AABCP0413G1Z5 (Madhya Pradesh). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13.75 Lakh. It is led by directors including Raju Sethi and Nirupma Sethi.
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 Ec – 80 Scheme No 94 – C Ring Road Opp.Hotel Radisson, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2024, the company reported a revenue of ₹44.18 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹4.92 Cr (net margin 11.1%) and EBITDA of ₹7.75 Cr (EBITDA margin 17.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 14% over five years.
The company has about 128 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Medigrip. As per MCA filings, the company has open charges of ₹4.2 Cr and satisfied charges of ₹2.73 Cr on record.
Precision Coatings Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0012259). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website medigrip.in.
Company details
CIN U29101MP1986PTC003544
Registration Number 003544
Incorporation Date 21 August 1986
ROC Gwalior
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-MP-23-0012259
Recognitions & Rankings of Precision Coatings
Contact details
Precision Coatings Pvt Ltd's registered office is in Indore, Madhya Pradesh. Its website is medigrip.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressEc – 80 Scheme No 94 – C Ring Road Opp.Hotel Radisson, Indore, Madhya Pradesh, India – 452010
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Precision Coatings Pvt Ltd, buy the company report.
Comprehensive company report
Precision Coatings Pvt Ltd - 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
Precision Coatings operates one associated brand: Medigrip. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of wound care, pain management, and disinfection products in the healthcare sector. | medigrip.in |
Business activity
The main business activity of Precision 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 Precision Coatings Pvt Ltd, buy the company report.
Financials of Precision Coatings Pvt Ltd
FY 2025 filings availablePrecision Coatings Pvt Ltd reported revenue of ₹44.18 Cr (up 12% YoY) for FY 2024.
Revenue · FY 2024
₹44.18 Cr ▲ 12%
Net profit · FY 2024
₹4.92 Cr margin 11.1%
EBITDA · FY 2024
₹7.75 Cr margin 17.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 18%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 20%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 12% growth in the latest year. EBITDA rose 28% 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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| Total Expenses | |||||
| EBITDA | ₹7.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.92 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.6% | ||||
| Net Profit Margin | 11.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Precision Coatings Pvt Ltd, buy the company report.
Board of directors of Precision Coatings Pvt Ltd
Precision Coatings has 3 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 |
|---|---|---|---|---|
| Raju Sethi | Director | 21 Aug 1986 | 40 Years 2 Months | Current |
| Nirupma Sethi | Director | 01 Oct 2006 | 20 Years 1 Months | Current |
| Dhananjay Sethi | Director | 07 Jul 2015 | 11 Years 4 Months | Current |
Peer comparison
Precision Coatings Pvt Ltd is compared with the 3 companies closest to it by revenue in the Healthcare industry (Medical Consumables), 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 |
|---|---|---|---|---|---|---|
| Wellmed International Industries (Pvt) Ltd | ₹46.35 Cr (FY 2023) | 18.0% | New Delhi, Delhi, India | |||
| Precision Coatings Pvt Ltdthis company | ₹44.18 Cr (FY 2024) | ₹4.92 Cr | 11.1% | 12.0% | 128 | Indore, Madhya Pradesh, India |
| Emergency Kits India Private Limited | ₹43.29 Cr (FY 2025) | 116.0% | Sriperumbudur, Tamil Nadu, India | |||
| Jai Surgicals Limited | ₹43 Cr (FY 2024) | -4.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Precision Coatings Pvt Ltd, buy the company report.
Auditor
Precision Coatings Pvt Ltd is audited by M MEHTA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M MEHTA & CO | FY 2023 | 000957C |
Shareholding
The shareholding of Precision Coatings Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Precision Coatings Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹4.2 Cr
Satisfied charges
₹2.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2022 | 100585221 | Hdfc Bank Limited | ₹70.31 Lakh | Open | |
| 25 Aug 2012 | 10381655 | Others | ₹3.5 Cr | Open | |
| 15 Feb 2011 | 10269495 | Citibank N. A. | ₹1.75 Cr | Satisfied | |
| 16 Aug 2000 | 80034371 | Madhya Pradesh Financial Corporation | ₹20 Lakh | Satisfied | |
| 29 Apr 1999 | 80034372 | Bank of India | ₹28 Lakh | Satisfied |
To see the full charge records of Precision Coatings Pvt Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Precision Coatings Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Precision Coatings Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Precision Coatings Pvt Ltd has a workforce of 128 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
128
Active EPFO establishments
1
Employee growth
-2.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 128 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Precision Coatings Pvt Ltd, buy the company report.
GST
Precision Coatings has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCP0413G1Z5 | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AABCP0413G1ZX | Maharashtra | Active | 27 Feb 2021 |
| 29AABCP0413G1ZT | Karnataka | Active | 09 Jul 2021 |
| 19AABCP0413G1ZU | West Bengal | Active | 08 Dec 2023 |
To see the full GST registrations and return filing status of Precision Coatings Pvt Ltd, buy the company report.
Recent activity
Precision Coatings Pvt Ltd has 4 board changes on record since 1986: 3 appointments and 1 cessation. The latest: Dhananjay Sethi was appointed as Director on 07 Jul 2015.
AGM
Precision Coatings Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Precision Coatings Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 70.31 Lakh with Charge ID 100585221 was registered on 13 May 2022.
Charges
A charge with Others of Rs. 350.00 Lakh registered on 25 Aug 2012 with Charge ID 10381655 was modified on 26 Mar 2019.
Charges
A charge registered on 15 Feb 2011 via Charge ID 10269495 with Citibank N. A. was fully satisfied on 26 Sep 2016.
Appointed
Dhananjay Sethi was appointed as Director.
Charges
A charge with Others amounted to Rs. 350.00 Lakh with Charge ID 10381655 was registered on 25 Aug 2012.
Charges
A charge registered on 29 Apr 1999 via Charge ID 80034372 with Bank Of India was fully satisfied on 26 Mar 2011.
Charges
A charge registered on 10 Feb 1995 via Charge ID 80034373 with Bank Of India was fully satisfied on 26 Mar 2011.
Charges
A charge registered on 10 Feb 1995 via Charge ID 80034374 with Bank Of India was fully satisfied on 26 Mar 2011.
Charges
A charge with Citibank N. A. amounted to Rs. 175.00 Lakh with Charge ID 10269495 was registered on 15 Feb 2011.
Charges
A charge with Bank Of India of Rs. 28.00 Lakh registered on 29 Apr 1999 with Charge ID 80034372 was modified on 17 May 2008.
11 earlier events are in the company report.
Frequently asked questions
Precision Coatings is an active private limited company based in Indore, Madhya Pradesh, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 21 August 1986 (40+ years old) and is registered under CIN U29101MP1986PTC003544.
Precision Coatings has 3 current directors:
- Raju Sethi - Director
- Nirupma Sethi - Director
- Dhananjay Sethi - Director
The latest financial statements of Precision Coatings 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 Precision Coatings is 23AABCP0413G1Z5, registered in Madhya Pradesh. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AABCP0413G1ZX (Maharashtra), 29AABCP0413G1ZT (Karnataka), 19AABCP0413G1ZU (West Bengal).
The CIN (Corporate Identification Number) of Precision Coatings is U29101MP1986PTC003544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precision Coatings was incorporated on 21 August 1986, making it 40+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Precision Coatings by revenue are Wellmed International Industries (Pvt) Ltd, Emergency Kits India Private Limited, Jai Surgicals Limited, all in the Healthcare industry (Medical Consumables), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Dhananjay Sethi was appointed as Director on 07 Jul 2015. Nitin Sethi ceased to be Director on 01 Nov 2007. Nirupma Sethi was appointed as Director on 01 Oct 2006. Precision Coatings has 4 board changes on record in total.
Yes, Precision Coatings is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0012259).
Precision Coatings can be reached through the website medigrip.in. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Precision Coatings is at Ec – 80 Scheme No 94 – C Ring Road Opp.Hotel Radisson, Indore, Madhya Pradesh, India – 452010.
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