DPIIT recognised startup Government of India
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Topcoat Innovations Private Limited - health and wellness services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹82.58 Lakh
▼ 15% YoY
Net loss · FY 2025
₹5.67 Lakh
Net margin -6.9%
EBITDA · FY 2025
-₹5.35 Lakh
EBITDA margin -6.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Topcoat Innovations Private Limited
Data last updated:
Topcoat Innovations Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the beauty salons and wellness spas segment of the health and wellness sector. It was incorporated on 18 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC304363. Its GSTIN is 27AAGCT5901J1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Karumanthra Raghuraman Krishnajith and Noopur Sahu.
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 Krislon House Saki Vihar Road Saki Naka Andheri East, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.58 Lakh, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹5.67 Lakh (net margin -6.9%) and EBITDA of -₹5.35 Lakh (EBITDA margin -6.5%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 15% over five years.
For more details, the company can be reached via its website topcoat.in.
Company details
CIN U74999MH2018PTC304363
Registration Number 304363
Incorporation Date 18 January 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Topcoat Innovations
Contact details
Topcoat Innovations Private Limited's registered office is in Mumbai, Maharashtra. Its website is topcoat.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKrislon House Saki Vihar Road Saki Naka Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryHealth and Wellness Services, Beauty Salons & Wellness Spas
To see the full contact details of Topcoat Innovations Private Limited, buy the company report.
Comprehensive company report
Topcoat Innovations 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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Business activity
The main business activity of Topcoat Innovations is personal and household service. In detail, this covers washing and cleaning of textile and fur products, hair dressing and other beauty treatment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S3 | Washing and cleaning of textile and fur products, Hair dressing and other beauty treatment |
To see the full business activity and turnover split of Topcoat Innovations Private Limited, buy the company report.
Financials of Topcoat Innovations Private Limited
FY 2025 filings availableTopcoat Innovations Private Limited reported revenue of ₹82.58 Lakh (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹82.58 Lakh ▼ 15%
Net loss · FY 2025
₹5.67 Lakh margin -6.9%
EBITDA · FY 2025
-₹5.35 Lakh margin -6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 1%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▼ 937%
3 years · compounded
▼ 43%
5 years · compounded
▲ 16%
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 15% fall in the latest year. EBITDA fell 937% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹5.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.67 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.5% | ||||
| Net Profit Margin | -6.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Topcoat Innovations Private Limited, buy the company report.
Board of directors of Topcoat Innovations Private Limited
Topcoat Innovations has 2 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 |
|---|---|---|---|---|
| Karumanthra Raghuraman Krishnajith Also directs: Nuatom Innovations Private Limited | Director | 18 Jan 2018 | 8 Years 9 Months | Current |
| Noopur Sahu | Director | 17 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Topcoat Innovations Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nail Talk and Spa Private Limited | ₹84.45 Lakh (FY 2024) | 75.0% | Hyderabad, Telangana, India | |||
| Topcoat Innovations Private Limitedthis company | ₹82.58 Lakh (FY 2025) | -₹5.67 Lakh | -6.9% | -15.0% | Mumbai, Maharashtra, India | |
| Expose Salons Private Limited | ₹81.35 Lakh (FY 2019) | -14.0% | Jodhpur, Rajasthan, India | |||
| Gill'z Group Beauty & Wellness (Sangrur) Private Limited | ₹80.33 Lakh (FY 2022) | 364.0% | Sangrur, Punjab, India |
To see the full peer comparison of Topcoat Innovations Private Limited, buy the company report.
Auditor
Topcoat Innovations Private Limited is audited by P S PATIL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P S PATIL & CO | FY 2022 | 119901W |
Shareholding
The shareholding of Topcoat Innovations Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Topcoat Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Topcoat Innovations Private Limited 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 Topcoat Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Topcoat Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT5901J1Z6 | Maharashtra | Active | 27 Mar 2019 |
To see the full GST registrations and return filing status of Topcoat Innovations Private Limited, buy the company report.
Recent activity
Topcoat Innovations Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Anish Mittal ceased to be Director on 18 Jan 2019.
AGM
Topcoat Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Topcoat Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Anish Mittal ceased to be Director.
Appointed
Noopur Sahu was appointed as Director.
Appointed
Karumanthra Raghuraman Krishnajith was appointed as Director.
Incorporation
18 Jan 2018
Topcoat Innovations Private Limited was registered on 18 Jan 2018 with Roc Mumbai I & aged 8 years 9 months as per MCA records.
Frequently asked questions
Topcoat Innovations is an active private limited company based in Mumbai, Maharashtra, India. The company works in beauty salons and wellness spas, within the health and wellness services industry. It was incorporated on 18 January 2018 (8+ years old) and is registered under CIN U74999MH2018PTC304363.
Topcoat Innovations has 2 current directors:
- Karumanthra Raghuraman Krishnajith - Director
- Noopur Sahu - Director
The latest financial statements of Topcoat Innovations 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 FY 2018 are in the company report.
The GSTIN of Topcoat Innovations is 27AAGCT5901J1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Topcoat Innovations is U74999MH2018PTC304363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topcoat Innovations was incorporated on 18 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Topcoat Innovations by revenue are Nail Talk and Spa Private Limited, Expose Salons Private Limited, Gill'z Group Beauty & Wellness (Sangrur) Private Limited, all in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment).
Anish Mittal ceased to be Director on 18 Jan 2019. Noopur Sahu was appointed as Director on 17 Jan 2019. Karumanthra Raghuraman Krishnajith was appointed as Director on 18 Jan 2018.
Yes, Topcoat Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Topcoat Innovations can be reached through the website topcoat.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Topcoat Innovations is at Krislon House Saki Vihar Road Saki Naka Andheri East, Mumbai, Maharashtra, India – 400072.
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