Advance Paints Profile
Key Indicators
- Authorised Capital ₹ 9.50 Cr
- Paid Up Capital ₹ 6.70 M
- Company Age 83 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 15.00 Cr
- Revenue Growth -10.72%
- Profit Growth 143.85%
- Ebitda 195.18%
- Net Worth 223.02%
- Total Assets -3.02%
About Advance Paints
Advance Paints Private Limited (APPL) was founded in India on 31 July 1941 and has a glorious history of 83 years and seven months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Advance Paints Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 9.50 Cr and a paid-up capital of Rs 6.70 M.
The company currently has active open charges totaling ₹15.00 Cr.
Harshad Sheth, Mahendra Sheth, Renu Parikh, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24110MH1941PTC003381
- Company No.
003381
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Jul 1941
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Manufacturing
What products or services does Advance Paints Private Limited offer?
Advance Paints Private Limited offers a wide range of products and services, including FRP Lining, PU & Powder Coatings, Epoxy Paints and Coatings, Industrial Primer, Adhesives, Glue and Sealants, Body Fillers, Special Coating, Wood Coatings, Lacquer, Lacquer Paints, Epoxy Primer Paint.
Who are the key members and board of directors at Advance Paints?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harshad Sheth  | Managing Director | 24-May-1973 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mahendra Sheth | Director | 07-Mar-1986 | Current |
| Renu Parikh | Director | 01-Sep-2022 | Current |
| Amit Parikh | Director | 08-Feb-2023 | Current |
| Dimple Agrawal | Director | 28-Aug-2023 | Current |
Financial Performance of Advance Paints.
Advance Paints Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.72% decrease. The company also saw a substantial improvement in profitability, with a 143.85% increase in profit. The company's net worth Soared by an impressive increase of 223.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Advance Paints?
In 2023, Advance Paints had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
T And D Galiakot Containers Private LimitedHarshad Sheth and Mahendra Sheth are mutual person
Galiakotwala Engineering Company Private LimitedHarshad Sheth and Mahendra Sheth are mutual person
- Galiakotwala Janseva Foundation
Mahendra Sheth is a mutual person
Galiakot Containers Private LimitedHarshad Sheth and Mahendra Sheth are mutual person
- C A Galiakotwala And Company Private Limited
Harshad Sheth and Mahendra Sheth are mutual person
- Galiakotwala International Private Limited
Harshad Sheth is a mutual person
Charges (Loans)
Open Charges
₹15.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 15.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Nov 2020 | Hdfc Bank Limited | ₹15.00 Cr | Open |
How Many Employees Work at Advance Paints?
Advance Paints has a workforce of 99 employees as of Oct 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Advance Paints, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Advance Paints's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Advance Paints
Recent activity within the organization
- Annual General Meeting
Advance Paints Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Balance Sheet
Advance Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Dimple Rakesh Agrawal was appointed as a Director was appointed as a Director on 28 Aug 2023 & has been associated with this company since 1 year 7 months .
- Director Appointment
Amit Parikh was appointed as a Director was appointed as a Director on 08 Feb 2023 & has been associated with this company since 2 years 1 month .
- Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 20 Nov 2020 with Charge ID 100393687 was modified on 04 Feb 2023.
- Director Appointment
Renu Amit Parikh was appointed as a Director was appointed as a Director on 01 Sep 2022 & has been associated with this company since 2 years 6 months .
Frequently asked questions
What is the Incorporation or founding date of Advance Paints Private Limited?
Advance Paints Private Limited was incorporated on 31 Jul 1941.
What is authorized share capital and paid-up capital of Advance Paints Private Limited?
The authorized share capital of Advance Paints Private Limited is ₹ 9.50 Cr and paid-up capital is ₹ 6.70 M.
Who are the current board members & directors of Advance Paints Private Limited?
Currently 5 directors are associated with Advance Paints Private Limited.
- Harshad Chhotalal Sheth
- Mahendra Chhotalal Sheth
- Renu Amit Parikh
- Amit Parikh
- Dimple Rakesh Agrawal
What is the registered address of Advance Paints Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Advance Paints Private Limited is Advance House Plot No. A Makwana Road Ark Ind. Compound Marol Naka Andheri (E), India, Mumbai, Maharashtra, 400059.
What is the corporate identification number (CIN) and company number of Advance Paints Private Limited?
The corporate identification number (CIN) of Advance Paints Private Limited is U24110MH1941PTC003381 and the company number is 003381 as per Ministry of Corporate Affairs (MCA).
What is the official website of Advance Paints Private Limited?
The Official website of Advance Paints Private Limited is https://www.advancepaints.com
What has been the recent revenue trend for Advance Paints Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Advance Paints Private Limited has fallen by -10.72%.
How many employees does Advance Paints Private Limited currently have?
As Per 2023 financial reports, 99 employees are currently employed by Advance Paints Private Limited.
What change has been observed in the net worth of Advance Paints Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Advance Paints Private Limited has experienced an upsurge of 223.02%.
What are the total open charges for Advance Paints Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Advance Paints Private Limited amount to ₹ 15.00 Cr.
When was the last Balance Sheet of Advance Paints Private Limited filed with the ROC?
The most recent Balance Sheet for Advance Paints Private Limited was filed with the ROC on 31 Mar 2024.
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