About Sheenlac Paints Limited
Data last updated:
Sheenlac Paints Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 13 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24222TN2012PTC088947. Its GSTIN is 33AASCS5073J1ZV (Tamil Nadu). The company holds 27 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹23.5 Cr. It is led by directors including Sudhir Peter (Managing Director) and Ishwar Subramanian.
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 Old No 109B New No 124 Developed Plots SIDCO Industrial Estate Ambattur, Chennai, Tamil Nadu, India – 600098.
As per the financials filed for FY 2025, the company reported a revenue of ₹559.52 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.4 Cr (net margin 0.2%) and EBITDA of ₹13.38 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
The company has about 589 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sheenlac Noroo. As per MCA filings, the company has open charges of ₹122.79 Cr and satisfied charges of ₹96.88 Cr on record. Court records list 302 cases involving the company, including 272 filed by the company and 30 filed against it; 124 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sheenlac.com.
Company details
CIN history
Sheenlac Paints has one previous CIN (Corporate Identification Number): U24222TN2012PLC088947. The current CIN is U24222TN2012PTC088947, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24222TN2012PTC088947 | Current |
| U24222TN2012PLC088947 | Previous |
Contact details
Sheenlac Paints Limited's registered office is in Chennai, Tamil Nadu.
- Social Media
- Registered AddressOld No 109B New No 124 Developed Plots SIDCO Industrial Estate Ambattur, Chennai, Tamil Nadu, India – 600098
- IndustryManufacturing, Paint & Coatings
- 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
Sheenlac Paints operates one associated brand: Sheenlac Noroo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying automotive and industrial paints and coatings. | sheenlacnoroo.in |
Business activity
The main business activities of Sheenlac Paints are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sheenlac Paints Limited, buy the company report.
Financials of Sheenlac Paints Limited
FY 2025 filings availableSheenlac Paints Limited reported revenue of ₹559.52 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 14% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹13.38 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Sheenlac Paints Limited, buy the company report.
Board of directors of Sheenlac Paints Limited
Sheenlac Paints has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ishwar Subramanian | Director | 29 Sep 2023 | 3 Years 0 Months | Current |
| Lakshminarayanan Seshadri | Director | 01 Mar 2018 | 8 Years 7 Months | Current |
| Chackochen Ollukkrren Vipin Chacko Also directs: Jenson & Nicholson Paints Private Limited | Director | 16 Jun 2014 | 12 Years 4 Months | Current |
| Sanjhana Sudhir Also directs: Painterman LLP | Director | 16 Mar 2022 | 4 Years 7 Months | Current |
| Sudhir Peter | Managing Director | 13 Dec 2012 | 13 Years 10 Months | Current |
| Ramesh Ramanathan | Director | 01 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Sheenlac Paints Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Axalta Coating Systems India Private Limited | ₹1,097.81 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Jotun India Private Limited | ₹1,078.74 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Esdee Paints Limited | ₹1,041.23 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Shalimar Paints Ltd | ₹608.9 Cr (FY 2025) | 12.0% | Gurugram, Haryana, India | |||
| Sheenlac Paints Limitedthis company | ₹559.52 Cr (FY 2025) | ₹1.4 Cr | 0.2% | -3.0% | Chennai, Tamil Nadu, India | |
| KCC Paint (India) Private Limited | ₹483.94 Cr (FY 2025) | 9.0% | Kancheepuram, Tamil Nadu, India | |||
| MRF Corp Limited | ₹476.3 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| Valspar (India) Coatings Corporation Private Limited | ₹472.86 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| Sirca Paints India Limited | ₹379.16 Cr (FY 2025) | 19.0% | Delhi, India |
To see the full peer comparison of Sheenlac Paints Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2024 | 100921573 | Hdfc Bank Limited | ₹2.57 Cr | Open | |
| 29 Apr 2024 | 100921601 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 19 Mar 2024 | 100913625 | Hdfc Bank Limited | ₹14.94 Lakh | Open | |
| 21 Nov 2022 | 100643889 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 30 Oct 2013 | 10467714 | Axis Bank Limited | ₹50.07 Cr | Open |
To see the full charge records of Sheenlac Paints Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Sheenlac Paints Limited has 302 court cases on record: 272 filed by Sheenlac Paints, 30 filed against it. 124 cases are pending and 178 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 262 | 11 | 115 |
| High courts | 37 | 17 | 8 |
| NCLT | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 302)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvallur, Tamil Nadu | Criminal case | Filed by the company against Hi Blue Interiors Private Limited | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by The South Indian Bank Ltd Kellys Branch and 1 other | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Vivid Colors Pvt. Ltd. | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by S.B. Shah and Co. Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Court case (TM) | Filed against the company by Glossy Color and Paints Pvt Ltd | Disposed |
To see the full case history of Sheenlac Paints 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
Sheenlac Paints Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 546 overdue payments to 99 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 99)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| J. K. Transport & Logistics Private Limited |
To see the full MSME payment records of Sheenlac Paints Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sheenlac Paints has 27 GST registrations: 10 active and 17 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AASCS5073J1ZV | Tamil Nadu | Active | 01 Jul 2017 |
| 07AASCS5073J1ZQ | Delhi | Active | 01 Jul 2017 |
| 09AASCS5073J1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AASCS5073J1ZL | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sheenlac Paints Limited, buy the company report.
Recent activity
Sheenlac Paints Limited has 19 board changes on record since 2012: 6 appointments and 13 cessations. The latest: Nandhagopal Damodaran ceased to be CFO on 30 Mar 2024.
30 earlier events are in the company report.
Frequently asked questions
Sheenlac Paints is an active public limited company based in Chennai, Tamil Nadu, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 13 December 2012 (14+ years old) and is registered under CIN U24222TN2012PTC088947.
Sheenlac Paints has 6 current directors:
- Sudhir Peter - Managing Director
- Ishwar Subramanian - Director
- Lakshminarayanan Seshadri - Director
- Chackochen Ollukkrren Vipin Chacko - Director
- Sanjhana Sudhir - Director
- Ramesh Ramanathan - Director
The latest financial statements of Sheenlac Paints 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 Sheenlac Paints is 33AASCS5073J1ZV, registered in Tamil Nadu. The company has 27 GST registrations in all, of which 10 are active and 17 are cancelled or inactive. Other active GSTINs include 07AASCS5073J1ZQ (Delhi), 09AASCS5073J1ZM (Uttar Pradesh), 19AASCS5073J1ZL (West Bengal).
The CIN (Corporate Identification Number) of Sheenlac Paints is U24222TN2012PTC088947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sheenlac Paints has 302 court cases on record: 272 filed by the company and 30 filed against it. 124 are pending. Most are in the district courts.
Sheenlac Paints was incorporated on 13 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sheenlac Paints by revenue are Axalta Coating Systems India Private Limited, Jotun India Private Limited, Esdee Paints Limited, Shalimar Paints Ltd, KCC Paint (India) Private Limited and 3 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nandhagopal Damodaran ceased to be CFO on 30 Mar 2024. Ishwar Subramanian was appointed as Director on 29 Sep 2023. Ramesh Ramanathan was appointed as Director on 01 Apr 2023. Sheenlac Paints has 19 board changes on record in total.
Sheenlac Paints has 10 MSME Form 1 returns on record between 2019 and 2023, listing 546 overdue payments to 99 micro and small suppliers. The latest return was filed on 03 Nov 2023.
Sheenlac Paints can be reached through the website sheenlac.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Sheenlac Paints is at Old No 109B New No 124 Developed Plots SIDCO Industrial Estate Ambattur, Chennai, Tamil Nadu, India – 600098.