Advance Multitech Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.03 Cr
- Company Age 45 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 13.91 Cr
- Satisfied Charges ₹ 3.00 M
- Revenue Growth 6.57%
- Profit Growth 1072.18%
- Ebitda -40.94%
- Net Worth 1.03%
- Total Assets 7.87%
About Advance Multitech
Advance Multitech Limited (AML) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 April 1979 and has a history of 45 years and ten months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526331.
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 5.00 Cr and a paid-up capital of Rs 4.03 Cr.
The company currently has active open charges totaling ₹13.91 Cr. The company has closed loans amounting to ₹3.00 M, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Advance Multitech Limited India are Pulkit Goenka as CFO and Niralbhai Sodavadiya as Company Secretary. Arvind Goenka, Aanchal Goenka, Himanshubhai Shukla, and Two other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L51494GJ1979PLC006698
- Company No.
006698
- Stock Symbol
BSE : 526331
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Apr 1979
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
Manufacturing
Who are the key members and board of directors at Advance Multitech?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pulkit Goenka  | CFO | 30-Sep-2009 | Current |
| Arvind Goenka | Managing Director | 09-Jul-1990 | Current |
| Niralbhai Sodavadiya | Company Secretary | 10-Aug-2017 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Aanchal Goenka | Director | 31-Mar-2015 | Current |
| Himanshubhai Shukla | Director | 30-Jun-2021 | Current |
| Nishit Popat | Director | 13-Aug-2024 | Current |
| Priyanka Gola | Director | 13-Aug-2024 | Current |
Financial Performance of Advance Multitech.
Advance Multitech Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 6.57% increase. The company also saw a substantial improvement in profitability, with a 1072.18% increase in profit. The company's net worth moved up by a moderate rise of 1.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Advance Multitech?
In 2021, Advance Multitech had a promoter holding of 40.74% and a public holding of 59.26%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Mercury Trade Links LimitedPriyanka Gola is a mutual person
Advance Petrochemicals LimitedArvind Goenka and Aanchal Goenka are mutual person
Jyoti Resins And Adhesives LtdPriyanka Gola is a mutual person
Tgb Banquets And Hotels LimitedNishit Popat is a mutual person
Charges (Loans)
Open Charges
₹13.91 Cr
Satisfied Charges
₹0.30 Cr
Charges Breakdown by Lending Institutions
- Oriental Bank Of Commerce : 8.19 Cr
- Others : 5.73 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2020 | Others | ₹5.98 M | Open |
| 13 Mar 2013 | Oriental Bank Of Commerce | ₹4.29 Cr | Open |
| 20 Mar 2012 | Others | ₹5.13 Cr | Open |
| 20 Mar 2012 | Oriental Bank Of Commerce | ₹3.90 Cr | Open |
| 15 Jun 2005 | Union Bank Of India | ₹3.00 M | Satisfied |
How Many Employees Work at Advance Multitech?
Advance Multitech has a workforce of 22 employees as of Apr 03, 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 Multitech, 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 Multitech'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 Multitech
Recent activity within the organization
- Annual General Meeting
Advance Multitech Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
30 Sep 2024
- Director Appointment
Nishit Bharatbhai Popat was appointed as a Director was appointed as a Director on 13 Aug 2024 & has been associated with this company since 6 months 17 days .
13 Aug 2024
- Director Appointment
Priyanka K Gola was appointed as a Director was appointed as a Director on 13 Aug 2024 & has been associated with this company since 6 months 17 days .
13 Aug 2024
- Balance Sheet
Advance Multitech Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
31 Mar 2024
- Director Appointment
Himanshubhai Surendrabhai Shukla was appointed as a Director was appointed as a Director on 30 Jun 2021 & has been associated with this company since 3 years 7 months .
30 Jun 2021
- Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100353703 was registered on 20 Jun 2020.
20 Jun 2020
Frequently asked questions
What is the Incorporation or founding date of Advance Multitech Limited?
Advance Multitech Limited was incorporated on 16 Apr 1979.
What is authorized share capital and paid-up capital of Advance Multitech Limited?
The authorized share capital of Advance Multitech Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.03 Cr.
Who are the current board members & directors of Advance Multitech Limited?
Currently 7 directors are associated with Advance Multitech Limited.
- Arvind Vishwanath Goenka
- Aanchal Arvind Goenka
- Himanshubhai Surendrabhai Shukla
- Nishit Bharatbhai Popat
- Priyanka K Gola
- Pulkit Goenka
- Niralbhai Kalyanbhai Sodavadiya
What is the registered address of Advance Multitech Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Advance Multitech Limited is 36 Kothari Marketkankaria Road 22 India, Ahmedabad, Gujarat, 380022.
What is the corporate identification number (CIN) and company number of Advance Multitech Limited?
The corporate identification number (CIN) of Advance Multitech Limited is L51494GJ1979PLC006698 and the company number is 006698 as per Ministry of Corporate Affairs (MCA).
Is Advance Multitech Limited registered with any stock exchange in India?
Yes, Advance Multitech Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Advance Multitech Limited?
The Official website of Advance Multitech Limited is https://www.advancemulti.com
What has been the recent revenue trend for Advance Multitech Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Advance Multitech Limited has risen by 6.57%.
How many employees does Advance Multitech Limited currently have?
As Per 2022 financial reports, 22 employees are currently employed by Advance Multitech Limited.
What change has been observed in the net worth of Advance Multitech Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Advance Multitech Limited has experienced an upsurge of 1.03%.
What are the total open charges for Advance Multitech Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Advance Multitech Limited amount to ₹ 13.91 Cr.
When was the last Balance Sheet of Advance Multitech Limited filed with the ROC?
The most recent Balance Sheet for Advance Multitech Limited was filed with the ROC on 31 Mar 2024.
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