MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-12-0014344
Veena Paints Private Limited - manufacturing in Madurai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.1 Cr
▼ 7% YoY
Net profit · FY 2024
₹3.38 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹15 Lakh
EBITDA margin 4.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4.4 Lakh
Issued & subscribed
Satisfied charges
₹29.79 Lakh
No open charges
Company age
33 yrs
Est. 1993
Directors on board
4
As per MCA filings
About Veena Paints Private Limited
Data last updated:
Veena Paints Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 12 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24222TN1993PTC024805. Its GSTIN is 33AAACV4728P1ZY (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.4 Lakh. It is led by directors including Thangavel Nadar Kalyana Sundaram (Managing Director) and Jeyasubramanian Selvamani (Director Appointed In Casual Vacancy).
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 No.50 Solai Alagupuram Madurai – 625011, Tamil Nadu, India – 625011.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.1 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹3.38 Lakh (net margin 1.1%) and EBITDA of ₹15 Lakh (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
As per MCA filings, the company has satisfied charges of ₹29.79 Lakh on record.
Veena Paints Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-12-0014344). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veenapaints.in.
Company details
CIN U24222TN1993PTC024805
Registration Number 024805
Incorporation Date 12 April 1993
ROC Chennai
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 Micro
Udyam Registration UDYAM-TN-12-0014344
Key People
Thangavel Nadar Kalyana Sundaram Managing Director Jeyasubramanian Selvamani Director Appointed In Casual Vacancy Kalyanasundaram Bhuvana Director Recognitions & Rankings of Veena Paints
Contact details
Veena Paints Private Limited's registered office is in Madurai, Tamil Nadu. Its website is veenapaints.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.50 Solai Alagupuram Madurai – 625011, Tamil Nadu, India – 625011
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Veena Paints Private Limited, buy the company report.
Comprehensive company report
Veena 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 Veena Paints 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 Veena Paints Private Limited, buy the company report.
Financials of Veena Paints Private Limited
FY 2025 filings availableVeena Paints Private Limited reported revenue of ₹3.1 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹3.1 Cr ▼ 7%
Net profit · FY 2024
₹3.38 Lakh margin 1.1%
EBITDA · FY 2024
₹15 Lakh margin 4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 7%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 89%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 89% 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 |
|---|---|---|---|---|---|
| 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 | ₹15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.38 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 Veena Paints Private Limited, buy the company report.
Board of directors of Veena Paints Private Limited
Veena Paints has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeyasubramanian Selvamani | Director Appointed In Casual Vacancy | 01 Apr 2017 | 9 Years 7 Months | Current |
| Kalyanasundaram Bhuvana Also directs: Visalam Paints (Mdu) Private Limited | Director | 01 Jul 2014 | 12 Years 4 Months | Current |
| Kalyana Sundaram Tamilarasi | Director | 01 Jul 2014 | 12 Years 4 Months | Current |
| Thangavel Nadar Kalyana Sundaram | Managing Director | 12 Apr 1993 | 33 Years 6 Months | Current |
Peer comparison
Veena Paints Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Tulsi Paints Private Limited | ₹3.13 Cr (FY 2025) | -14.0% | Nanded, Maharashtra, India | |||
| Veena Paints Private Limitedthis company | ₹3.1 Cr (FY 2024) | ₹3.38 Lakh | 1.1% | -7.0% | Madurai, Tamil Nadu, India | |
| RV Color Tech Private Limited | ₹3.09 Cr (FY 2025) | 0.0% | Chandigarh, India | |||
| Ideal Colours & Paints Private Limited | ₹3.01 Cr (FY 2025) | 42.0% | Jodhpur, Rajasthan, India | |||
| Bawa Paints Jammu Private Limited | ₹2.99 Cr (FY 2025) | 7.0% | Bari Barahmna, Jammu and Kashmir, India |
To see the full peer comparison of Veena Paints Private Limited, buy the company report.
Auditor
Veena Paints Private Limited is audited by CHINNIAH VENKATRAMAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHINNIAH VENKATRAMAN & CO | FY 2020 | 006102S |
Shareholding
The shareholding of Veena Paints Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veena Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹29.79 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2002 | 90282379 | Canara Bank | ₹3.17 Lakh | Satisfied | |
| 23 Jun 1998 | 90282147 | Canara Bank | ₹1.12 Lakh | Satisfied | |
| 16 Feb 1998 | 90281498 | Canara Bank | ₹10 Lakh | Satisfied | |
| 24 Dec 1997 | 90283795 | Canara Bank | ₹9.5 Lakh | Satisfied | |
| 24 Dec 1993 | 90281792 | Tamil Nad Mercentile Bank Limited | ₹6 Lakh | Satisfied |
To see the full charge records of Veena Paints Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Veena Paints 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 Veena Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veena Paints has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACV4728P1ZY | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veena Paints Private Limited, buy the company report.
Recent activity
Veena Paints Private Limited has 8 board changes on record since 1993: 4 appointments and 4 cessations. The latest: Balakrishnan Srinivasan ceased to be Director on 18 Oct 2023.
AGM
Veena Paints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Veena Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Balakrishnan Srinivasan ceased to be Director.
Charges
A charge registered on 24 Dec 1993 via Charge ID 90281792 with Tamil Nad Mercentile Bank Limited was fully satisfied on 06 Apr 2022.
Charges
A charge registered on 07 May 2002 via Charge ID 90282379 with Canara Bank was fully satisfied on 10 Mar 2022.
Charges
A charge registered on 23 Jun 1998 via Charge ID 90282147 with Canara Bank was fully satisfied on 10 Mar 2022.
Charges
A charge registered on 16 Feb 1998 via Charge ID 90281498 with Canara Bank was fully satisfied on 10 Mar 2022.
Charges
A charge registered on 24 Dec 1997 via Charge ID 90283795 with Canara Bank was fully satisfied on 10 Mar 2022.
Appointed
Jeyasubramanian Selvamani was appointed as Director Appointed In Casual Vacancy.
Ceased
Vatrap Viswanthanadar Balakrishnanadar Jeyasubramanian ceased to be Director.
Appointed
Kalyana Sundaram Tamilarasi was appointed as Director.
Appointed
Kalyanasundaram Bhuvana was appointed as Director.
12 earlier events are in the company report.
Frequently asked questions
Veena Paints is an active private limited company based in Madurai, Tamil Nadu, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 12 April 1993 (33+ years old) and is registered under CIN U24222TN1993PTC024805.
Veena Paints has 4 current directors:
- Thangavel Nadar Kalyana Sundaram - Managing Director
- Jeyasubramanian Selvamani - Director Appointed In Casual Vacancy
- Kalyanasundaram Bhuvana - Director
- Kalyana Sundaram Tamilarasi - Director
The latest financial statements of Veena 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 Veena Paints is 33AAACV4728P1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Veena Paints is U24222TN1993PTC024805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veena Paints was incorporated on 12 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Veena Paints by revenue are Tulsi Paints Private Limited, RV Color Tech Private Limited, Ideal Colours & Paints Private Limited, Bawa Paints Jammu Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Balakrishnan Srinivasan ceased to be Director on 18 Oct 2023. Jeyasubramanian Selvamani was appointed as Director Appointed In Casual Vacancy on 01 Apr 2017. Vatrap Viswanthanadar Balakrishnanadar Jeyasubramanian ceased to be Director on 04 Mar 2017. Veena Paints has 8 board changes on record in total.
Yes, Veena Paints is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-12-0014344).
Veena Paints can be reached through the website veenapaints.in. Its registered office is in Madurai, Tamil Nadu, India.
The registered office of Veena Paints is at No.50 Solai Alagupuram Madurai – 625011, Tamil Nadu, India – 625011.
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