MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0048541
Virgo Paints Private Limited
Virgo Paints Private Limited - manufacturing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹102.09 Cr
▼ 12% YoY
Net profit · FY 2025
₹4.43 Cr
Net margin 4.3%
EBITDA · FY 2025
₹6.56 Cr
EBITDA margin 6.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹4.75 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
186
Provident fund records
About Virgo Paints Private Limited
Data last updated:
Virgo Paints Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 05 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24222TN2009PTC072807. Its GSTIN is 33AADCV0878M1ZY (Tamil Nadu). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Thangavel Illango (Managing Director) and Ananthanarayanan Kumar.
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: 6 First Floor Kamakshi Nagar Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹102.09 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹4.43 Cr (net margin 4.3%) and EBITDA of ₹6.56 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 21% over five years.
The company has about 186 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.75 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹41 Lakh; the latest was in December 2022. Its 7 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 3 smaller; the largest is Chemplast Products Private Limited with revenue of ₹112 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 218 overdue payments to 90 micro and small suppliers.
Virgo Paints Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0048541). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24222TN2009PTC072807
Registration Number 072807
Incorporation Date 05 September 2009
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 Medium
Udyam Registration UDYAM-TN-02-0048541
Recognitions & Rankings of Virgo Paints
Contact details
Virgo Paints Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo: 6 First Floor Kamakshi Nagar Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Virgo Paints Private Limited, buy the company report.
Comprehensive company report
Virgo 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 Virgo 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 Virgo Paints Private Limited, buy the company report.
Financials of Virgo Paints Private Limited
FY 2025 filings availableVirgo Paints Private Limited reported revenue of ₹102.09 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹102.09 Cr ▼ 12%
Net profit · FY 2025
₹4.43 Cr margin 4.3%
EBITDA · FY 2025
₹6.56 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 4%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 7%
5 years · compounded
▲ 22%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 7% 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 | ₹6.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.43 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 | 6.4% | ||||
| Net Profit Margin | 4.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Virgo Paints Private Limited, buy the company report.
Board of directors of Virgo Paints Private Limited
Virgo Paints has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ananthanarayanan Kumar Also directs: Bharath Paints Private Limited, Subamangal Properties Private Limited, Pintura Coats Private Limited and 1 more | Director | 28 Nov 2019 | 6 Years 11 Months | Current |
| Thangavel Illango | Managing Director | 05 Sep 2009 | 17 Years 1 Months | Current |
Peer comparison
Virgo Paints Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Chemplast Products Private Limited | ₹112 Cr (FY 2025) | 40.0% | Raipur, Chhattisgarh, India | |||
| Weilburger Coatings (India) Private Limited | ₹110.82 Cr (FY 2025) | 12.0% | Howrah, West Bengal, India | |||
| Almega Coatings Private Limited | ₹109.13 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India | |||
| Aks Expo-Chem Private Limited | ₹102.81 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Virgo Paints Private Limitedthis company | ₹102.09 Cr (FY 2025) | ₹4.43 Cr | 4.3% | -12.0% | 186 | Chennai, Tamil Nadu, India |
| Global Colours and Chemicals Limited | ₹99.4 Cr (FY 2025) | 25.0% | Palghar, Maharashtra, India | |||
| Akross Synthetics Pvt Ltd | ₹96.06 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Paramount Powders Private Limited | ₹91.62 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Virgo Paints Private Limited, buy the company report.
Auditor
Virgo Paints Private Limited is audited by NLS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NLS & ASSOCIATES | FY 2023 | 015753S |
Shareholding
The shareholding of Virgo 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Virgo Paints Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2024 | 100977422 | Others | ₹15.38 Lakh | Open | |
| 17 May 2022 | 100580694 | Others | ₹15 Lakh | Open | |
| 30 Aug 2017 | 100123712 | Others | ₹21 Lakh | Open | |
| 23 Apr 2010 | 10219622 | Others | ₹4.24 Cr | Open |
To see the full charge records of Virgo Paints Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Virgo Paints Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹41 Lakh; the latest was in December 2022.
Total deals
5
Funding rounds
2
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹41 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2021 | Rights issue | ₹8 Lakh | Investors: 2 individuals |
| Sep 2012 | Funding round | ₹6 Lakh | Investors: 2 individuals |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Thesys Technologies Private Limited |
| Feb 2010 | Funding round | ₹35 Lakh | Investors: Thesys Technologies Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Virgo Paints Private Limited has 1 court case on record: 1 filed by Virgo Paints. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against State of Andhra Pradesh and 3 others | Disposed |
To see the full case history of Virgo Paints Private 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
Virgo Paints Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 218 overdue payments to 90 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 90)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sentil Plastic Containers | |||
| Paari Chem Resources LLP | |||
| an individual supplier | |||
| Parkash Dyechem Private Limited | |||
| Nice Bio-Coat Private Limited |
To see the full MSME payment records of Virgo Paints Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Virgo Paints Private Limited has a workforce of 186 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
186
Active EPFO establishments
1
Employee growth
8.14%
GST
Virgo Paints has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCV0878M1ZY | Tamil Nadu | Active | 01 Jul 2017 |
| 37AADCV0878M1ZQ | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AADCV0878M1ZS | Telangana | Active | 27 Jan 2023 |
| 29AADCV0878M1ZN | Karnataka | Active | 30 Oct 2024 |
To see the full GST registrations and return filing status of Virgo Paints Private Limited, buy the company report.
Recent activity
Virgo Paints Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Ananthanarayanan Kumar ceased to be Additional Director on 31 Dec 2020.
AGM
Virgo Paints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Virgo Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 15.38 Lakh with Charge ID 100977422 was registered on 23 Jul 2024.
Charges
A charge with Others amounted to Rs. 15.00 Lakh with Charge ID 100580694 was registered on 17 May 2022.
Charges
A charge with Others of Rs. 424.01 Lakh registered on 23 Apr 2010 with Charge ID 10219622 was modified on 29 Mar 2022.
Ceased
Ananthanarayanan Kumar ceased to be Additional Director.
Ceased
Ramasamy Mannaraj ceased to be Director.
Appointed
Ananthanarayanan Kumar was appointed as Director.
Ceased
Thangavel Illango ceased to be Director.
Charges
A charge with Others amounted to Rs. 21.00 Lakh with Charge ID 100123712 was registered on 30 Aug 2017.
Charges
A charge with Others amounted to Rs. 424.01 Lakh with Charge ID 10219622 was registered on 23 Apr 2010.
Appointed
Thangavel Illango was appointed as Managing Director.
1 earlier event is in the company report.
Frequently asked questions
Virgo Paints is an active private limited company based in Chennai, Tamil Nadu, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 05 September 2009 (17+ years old) and is registered under CIN U24222TN2009PTC072807.
Virgo Paints has 2 current directors:
- Thangavel Illango - Managing Director
- Ananthanarayanan Kumar - Director
The latest financial statements of Virgo 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 Virgo Paints is 33AADCV0878M1ZY, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 37AADCV0878M1ZQ (Andhra Pradesh), 36AADCV0878M1ZS (Telangana), 29AADCV0878M1ZN (Karnataka).
The CIN (Corporate Identification Number) of Virgo Paints is U24222TN2009PTC072807. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virgo Paints has 1 court case on record: 1 filed by the company.
Virgo Paints was incorporated on 05 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Virgo Paints has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹41 Lakh; the latest was in December 2022.
The peers of Virgo Paints by revenue are Chemplast Products Private Limited, Weilburger Coatings (India) Private Limited, Almega Coatings Private Limited, Aks Expo-Chem Private Limited, Global Colours and Chemicals Limited and 2 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ananthanarayanan Kumar ceased to be Additional Director on 31 Dec 2020. Ramasamy Mannaraj ceased to be Director on 21 Feb 2020. Ananthanarayanan Kumar was appointed as Director on 28 Nov 2019. Virgo Paints has 5 board changes on record in total.
Yes, Virgo Paints is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0048541).
Virgo Paints has 10 MSME Form 1 returns on record between 2019 and 2023, listing 218 overdue payments to 90 micro and small suppliers. The latest return was filed on 28 Aug 2023.
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