Garware Paints Limited - Due diligence report

A 360° intelligence report on Garware Paints: trust score, financial health, credit view, compliance, directors, growth and distress signals…

2001-11-09 Uttar Pradesh, Uttar Pradesh Active Unlisted Active Compliant
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Garware Paints — 360° Intelligence Report

Generated from MCA filings & public records
54/100
Trust Score
Moderate

Garware Paints is assessed as Moderate with a Trust Score of 54/100. Garware Paints is an active public limited indian non-government company incorporated in 2001, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Garware Paints Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.

Charges position: 0 open (-) · 4 satisfied (1.23 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of India4 48.0 cr
Compliance Score: 56/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE, CBEC, DRT.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ANKUR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
ARVIND KUMAR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
SUDHA AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2021 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Operating for 24+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Negative net worth.
Compliance score is weak (56/100).
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence51/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment37/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view45/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Jun 2018
Charge satisfied
Bank Of India
30 Jul 2015
Securities allotted
160000 Equity Shares Without Differential Rights - 16.00 Lakh raised
28 Jul 2015
Securities allotted
160000 Equity Shares Without Differential Rights - 16.00 Lakh raised
13 Feb 2013
Charge created
Bank Of India - 25.00 Lakh
25 Jan 2013
Director ceased
SYED ALI AKHTER RIZVI
16 May 2011
Charge satisfied
Bank Of India
29 Mar 2011
Charge satisfied
Bank Of India
24 Jul 2003
Charge created
Bank Of India - 10.00 Lakh
23 May 2002
Charge created
Bank Of India - 44.00 Lakh
10 May 2002
Charge created
Bank Of India - 44.00 Lakh
09 Nov 2001
Incorporated
Registered with Roc Uttar Pradesh I
Director appointed
ANKUR AGARWAL (Director)
Director appointed
ARVIND KUMAR AGARWAL (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 4 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Castrolla Impex Private Limited U01135GJ1995PTC026046 Mehsana, Gujarat, India
Artis Animal Health Care (India) Private Limited U74999GJ2018PTC100379 Surat, Gujarat, India
Swapnapurti Sugar Limited U15314PN2017PLC170053 Sangli, Maharashtra, India
Lexicare Pharma U24230GJ2011PTC064061 Ankleshwar, Gujarat, India
Elam Pharma Private Limited U24232GJ1990PTC014736 Surat, Gujarat, India
Mebita Pharmaceutical Private Limited U24290DL2019PTC354287 East Delhi, Delhi, India
Aeon Procare U26990MH2016PTC283627 Mumbai, Maharashtra, India
Mars - Chemie Private Limited U03218MH1984PTC033218 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Garware Paints before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Garware Paints: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Garware Paints - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Garware Paints pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Garware Paints - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Garware Paints an active company?

Garware Paints has MCA status “Active” with a compliance score of 56/100 (Moderate).

Is Garware Paints financially healthy?

Garware Paints has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Garware Paints?

Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Garware Paints?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Garware Paints have loans or charges against its assets?

No open charges - all 4 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Garware Paints up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).

Is it risky to lend to Garware Paints?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.