True Coat Paints Private Limited

True Coat Paints Private Limited - manufacturing in Ernakulam, Kerala, India. FY 2026 financials & compliance.
CIN U24222KL1999PTC012965 Incorporated 13 April 1999 ROC Ernakulam HQ Ernakulam, Kerala, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2025
₹21.73 Cr
▼ 22% YoY
Net loss · FY 2025
₹2.76 Lakh
Net margin -0.1%
EBITDA · FY 2025
₹64.25 Lakh
EBITDA margin 3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹99.44 Lakh
Issued & subscribed
Open charges
₹5.21 Cr
Satisfied ₹9.7 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
12
Provident fund records

About True Coat Paints Private Limited

Data last updated:

True Coat Paints Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 13 April 1999 and has been in existence for over 27 years.

The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24222KL1999PTC012965. Its GSTIN is 32AABCT3527H1ZN (Kerala).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.44 Lakh. It is led by directors including Methaparambil Deepu Skaria (Managing Director) and Kottakkaran Paulose Mariam.

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 XI/249B & Dkutta Kaninad P O Puthencruz, Ernakulam, Kerala, India – 682310.

As per the financials filed for FY 2025, the company reported a revenue of ₹21.73 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹2.76 Lakh (net margin -0.1%) and EBITDA of ₹64.25 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.

The company has about 12 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹5.21 Cr and satisfied charges of ₹9.7 Cr on record. Court records list 68 cases involving the company, including 67 filed by the company and 1 filed against it; 29 cases are pending.

True Coat Paints Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0000762). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truecoatpaints.com.

Company details

CIN U24222KL1999PTC012965
Registration Number 012965
Incorporation Date 13 April 1999
ROC Ernakulam
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-KL-02-0000762
Key People
Methaparambil Deepu Skaria Managing Director Kottakkaran Paulose Mariam Director Arun Skaria Methaparambil Director

Recognitions & Rankings of True Coat Paints

MSME (Udyam registered) Ministry of MSME
Category
Small (2022-23)
Udyam number
UDYAM-KL-02-0000762

Contact details

True Coat Paints Private Limited's registered office is in Ernakulam, Kerala. Its website is truecoatpaints.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    truecoatpaints.com
  • Social Media
  • Registered Address
    XI/249B & Dkutta Kaninad P O Puthencruz, Ernakulam, Kerala, India – 682310
  • Industry
    Manufacturing, Paint & Coatings

To see the full contact details of True Coat Paints Private Limited, buy the company report.

Comprehensive company report
True Coat 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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Business activity

The main business activity of True Coat Paints is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

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

Financials of True Coat Paints Private Limited

FY 2025 filings available

True Coat Paints Private Limited reported revenue of ₹21.73 Cr (down 22% YoY) for FY 2025.

Revenue · FY 2025
₹21.73 Cr ▼ 22%
Net loss · FY 2025
₹2.76 Lakh margin -0.1%
EBITDA · FY 2025
₹64.25 Lakh margin 3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 4%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 65%
3 years · compounded
▲ 87%
5 years · compounded
▼ 10%

Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 65% 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₹64.25 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.76 Lakh
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 Margin3%
Net Profit Margin-0.1%
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 True Coat Paints Private Limited, buy the company report.

Board of directors of True Coat Paints Private Limited

True Coat Paints has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kottakkaran Paulose MariamDirector30 Oct 201214 Years 0 MonthsCurrent
Arun Skaria Methaparambil
Also directs: Truecem Wonder Colours Private Limited
Director30 Oct 201214 Years 0 MonthsCurrent
Skaria Thadathil Mathew
Also directs: Truecem Wonder Colours Private Limited
Director30 Sep 201016 Years 1 MonthsCurrent
Methaparambil Deepu Skaria
Also directs: Truecem Wonder Colours Private Limited
Managing Director01 Oct 201016 Years 1 MonthsCurrent
View all directors

Auditor

True Coat Paints Private Limited is audited by A.GEORGE & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
A.GEORGE & ASSOCIATESFY 2023000904S

Shareholding

The shareholding of True Coat Paints Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of True Coat Paints Private Limited, buy the company report.

Charges & borrowings

Open charges
₹5.21 Cr
Satisfied charges
₹9.7 Cr
Breakdown by lending institutions
Axis Bank Limited₹4.00 Cr
Hdfc Bank Limited₹1.05 Cr
Others₹0.16 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Dec 2023100864176Hdfc Bank Limited₹45.45 LakhOpen
29 Mar 2023100727183Hdfc Bank Limited₹45 LakhOpen
29 Jan 2022100550273Others₹15.75 LakhOpen
04 Jun 2021100455357Axis Bank Limited₹4 CrOpen
11 Dec 2020100427884Hdfc Bank Limited₹14.88 LakhOpen

To see the full charge records of True Coat Paints Private Limited, buy the company report.

Total charge records: 15 View all charges

MSME payment delays

True Coat Paints Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 53 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
NSN Oxides and Pigments Private Limited
an individual supplier
Srivilas Hydrotech Private Limited
an individual supplier
Associated Rubber Chemicals Kochi Private Limited

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

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

True Coat Paints Private Limited has a workforce of 12 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
12
Active EPFO establishments
1
Employee growth
9.09%

GST

True Coat Paints has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
32AABCT3527H1ZNKeralaActive01 Jul 2017

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

Recent activity

True Coat Paints Private Limited has 11 board changes on record since 2009: 4 appointments and 7 cessations. The latest: Jini Kunjappan ceased to be Director on 25 Jun 2016.

AGM
True Coat Paints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
True Coat Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100864176 was registered on 21 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100727183 was registered on 29 Mar 2023.
Charges
A charge registered on 18 Dec 2020 via Charge ID 100403488 with Others was fully satisfied on 01 Oct 2022.
Charges
A charge registered on 19 Oct 2017 via Charge ID 100179210 with Others was fully satisfied on 01 Oct 2022.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100550273 was registered on 29 Jan 2022.
Charges
A charge with Axis Bank Limited of Rs. 4.00 Cr registered on 04 Jun 2021 with Charge ID 100455357 was modified on 24 Sep 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100455357 was registered on 04 Jun 2021.
Charges
A charge with Others amounted to Rs. 0.53 Cr with Charge ID 100403488 was registered on 18 Dec 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100427884 was registered on 11 Dec 2020.
Charges
A charge with Others of Rs. 3.00 Cr registered on 19 Oct 2017 with Charge ID 100179210 was modified on 01 Feb 2019.

35 earlier events are in the company report.

Frequently asked questions

True Coat Paints is an active private limited company based in Ernakulam, Kerala, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 13 April 1999 (27+ years old) and is registered under CIN U24222KL1999PTC012965.

True Coat Paints has 4 current directors:

The latest financial statements of True Coat 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 True Coat Paints is 32AABCT3527H1ZN, registered in Kerala.

The CIN (Corporate Identification Number) of True Coat Paints is U24222KL1999PTC012965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

True Coat Paints has 68 court cases on record: 67 filed by the company and 1 filed against it. 29 are pending. Most are in the district courts.

True Coat Paints was incorporated on 13 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ernakulam.

Jini Kunjappan ceased to be Director on 25 Jun 2016. Arun Skaria Methaparambil ceased to be Additional Director on 30 Sep 2013. Kottakkaran Paulose Mariam ceased to be Additional Director on 30 Sep 2013. True Coat Paints has 11 board changes on record in total.

Yes, True Coat Paints is registered as a small enterprise under Udyam registration (number: UDYAM-KL-02-0000762).

True Coat Paints has 7 MSME Form 1 returns on record between 2019 and 2022, listing 53 overdue payments to 17 micro and small suppliers. The latest return was filed on 10 Sep 2023.

True Coat Paints can be reached through the website truecoatpaints.com. Its registered office is in Ernakulam, Kerala, India.