About Thinlac Paints India Pvt. Ltd.
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Thinlac Paints India Pvt. Ltd. is a private limited company based in Kolkata, West Bengal, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 14 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U24222WB1994PTC063560. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹13.52 Lakh. It is led by directors including Aditya Passary and Suresh Kumar Passary.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1 Chandni Chowk St, Kolkata, West Bengal, India – 700072.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.99 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹71,627 (net margin 14.3%) and EBITDA of ₹84,866 (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 93% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pasaripaints.com.
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- Registered Address1 Chandni Chowk St, Kolkata, West Bengal, India – 700072
- IndustryFinancial Services, Diversified Financial Services
- 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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Financials of Thinlac Paints India Pvt. Ltd. FY 2025 filings available
Thinlac Paints India Pvt. Ltd. reported revenue of ₹4.99 Lakh (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Thinlac Paints India Pvt. Ltd.
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 93%. EBITDA fell 39% 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 of Thinlac Paints India Pvt. Ltd.
| 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 | ₹84,866 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹71,627 | •••• | •••• | •••• | •••• |
| 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 of Thinlac Paints India Pvt. Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Thinlac Paints India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Thinlac Paints India Pvt. Ltd.
Thinlac Paints India has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Passary Also directs: Passary Mercantile Pvt Ltd, Passary Finance & Investments Pvt Ltd | Director | 31 Mar 2012 | 14 Years 6 Months | Current |
| Suresh Kumar Passary Also directs: Passary Mercantile Pvt Ltd, Passary Finance & Investments Pvt Ltd | Director | 14 Jun 1994 | 32 Years 4 Months | Current |
| Sandhya Passary Also directs: Passary Mercantile Pvt Ltd, Passary Finance & Investments Pvt Ltd | Director | 14 Jun 1994 | 32 Years 4 Months | Current |
Peer Comparison of Thinlac Paints India Pvt. Ltd.
Thinlac Paints India Pvt. Ltd. is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services, Paints). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Upvest Technologies Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | •••• | Warangal, Telangana, India | |
| Hempoint Financial Services Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Faith Suppliers Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | 82272.0% | •••• | Kolkata, West Bengal, India |
| VSG Capital Advisors Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Goodluck Finance and Holding Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Thinlac Paints India Pvt. Ltd. this company | ₹4.99 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Mellwood Trustee Services Private Limited | ₹4.98 Lakh (FY 2025) | •••• | •••• | 50.0% | •••• | Bangalore, Karnataka, India |
| Bhabishya Rice Mill Limited | ₹4.98 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Jai Gopal Investment and Trading Co. Private Limited | ₹4.97 Lakh (FY 2025) | •••• | •••• | 292406.0% | •••• | New Delhi, Delhi, India |
| Bharat Chemicals & Allied Industries Pvt Ltd | ₹4.97 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Bhopal, Madhya Pradesh, India |
| Bihariji Manu Facturers Pvt Ltd | ₹4.95 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Thinlac Paints India by revenue in the BFSI industry (Other Financial Services, Paints), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Thinlac Paints India Pvt. Ltd.
Thinlac Paints India Pvt. Ltd. is audited by SARAF & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SARAF & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Thinlac Paints India Pvt. Ltd.
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Thinlac Paints India Pvt. Ltd.
Thinlac Paints India Pvt. Ltd. does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Thinlac Paints India Pvt. Ltd.
Employment history and EPFO contributions of people linked to Thinlac Paints India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Thinlac Paints India Pvt. Ltd.
Thinlac Paints India Pvt. Ltd. has 3 board changes on record since 1994: 3 appointments. The latest: Aditya Passary was appointed as Director on 31 Mar 2012.
Credit Ratings, Litigation & Regulatory Alerts for Thinlac Paints India Pvt. Ltd.
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Thinlac Paints India Pvt. Ltd.
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Thinlac Paints India Pvt. Ltd.
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Thinlac Paints India Pvt. Ltd.
Thinlac Paints India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Thinlac Paints India Pvt. Ltd.
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Thinlac Paints India Pvt. Ltd.
Thinlac Paints India is an active private limited company based in Kolkata, West Bengal, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 14 June 1994 (32+ years old) and is registered under CIN U24222WB1994PTC063560.
Thinlac Paints India reported revenue of ₹4.99 Lakh for FY 2025 (down 2% YoY).
Thinlac Paints India has 3 current directors:
- Aditya Passary - Director
- Suresh Kumar Passary - Director
- Sandhya Passary - Director
Thinlac Paints India reported a net profit of ₹71,627 (net margin 14.3%) and EBITDA of ₹84,866 (EBITDA margin 17%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thinlac Paints India is -17% over three years and 93% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
No. Thinlac Paints India has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Thinlac Paints India is U24222WB1994PTC063560. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thinlac Paints India was incorporated on 14 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Thinlac Paints India by revenue are Upvest Technologies Private Limited, Hempoint Financial Services Private Limited, Faith Suppliers Private Limited, VSG Capital Advisors Private Limited, Goodluck Finance and Holding Private Limited and 5 more, all in the BFSI industry (Other Financial Services, Paints).
Aditya Passary was appointed as Director on 31 Mar 2012. Sandhya Passary was appointed as Director on 14 Jun 1994. Suresh Kumar Passary was appointed as Director on 14 Jun 1994.
Thinlac Paints India can be reached through the website pasaripaints.com. Its registered office is in Kolkata, West Bengal, India.