Avani Textiles Limited

This company is involved in cotton ginning and manufacturing various types of yarns and oils.

2006 | Sangrur, Punjab (India) | Active
Last Updated:

Avani Textiles Profile

Key Indicators

  • Authorised Capital ₹ 58.00 Cr
  • Paid Up Capital ₹ 57.61 Cr
  • Company Age 18 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 63.00 Cr
  • Satisfied Charges ₹ 172.60 Cr
  • Revenue Growth 44.32%
  • Profit Growth 1035.64%
  • Ebitda 110.93%
  • Net Worth 332.30%
  • Total Assets -0.11%

About Avani Textiles

Avani Textiles Limited (ATL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 August 2006 and has a history of 18 years and six months. Its registered office is in Sangrur, Punjab, India.

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 58.00 Cr and a paid-up capital of Rs 57.61 Cr.

The company currently has active open charges totaling ₹63.00 Cr. The company has closed loans amounting to ₹172.60 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Avani Textiles Limited India are Pankaj Mittal as CFO and Diksha Budhiraja as Company Secretary. Shiv Goyal, Ramesh Kumar, Lajpat Jindal, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Sangrur, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17121PB2006PLC030558

  • Company No.

    030558

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Aug 2006

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing
Transport and Logistics

What products or services does Avani Textiles Limited offer?

Avani Textiles Limited offers a wide range of products and services, including Yarn, Open End Yarn, Forceps & Graspers, Surgical Pendant, Spun Yarn, Combed Ring Spun Yarn, Slub Yarn.

Company report

Avani Textiles Limited

Explore comprehensive data for Avani Textiles Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Avani Textiles?

Executive Team (2)

NameDesignationAppointment DateStatus
Pankaj Mittal Country flag representing In CFO01-Apr-2015Current
Diksha Budhiraja Country flag representing In Company Secretary01-May-2020Current

Board Members (10)

NameDesignationAppointment DateStatus
Shiv Goyal Country flag representing In Director 22-Aug-2006Current
Ramesh Kumar Country flag representing In Director 22-Aug-2006Current
Lajpat Jindal Country flag representing In Director 01-Dec-2019Current
Deepak Jindal Country flag representing In Director 22-Aug-2006Current
Rajiv Sharma Country flag representing In Director 12-Oct-2016Current
Bhuvan Goyal Country flag representing In Director 29-Mar-2017Current

Financial Performance of Avani Textiles.

Avani Textiles Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 44.32% increase. The company also saw a substantial improvement in profitability, with a 1035.64% increase in profit. The company's net worth Soared by an impressive increase of 332.3%.

Avani Textiles revenue growth over time
Avani Textiles profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
44.32%
Revenue from Operations
42.95%
Total Assets
-0.11%
Profit or Loss
1035.64%
Net Worth
332.30%
EBITDA
110.93%

What is the Ownership and Shareholding Structure of Avani Textiles?

In 2022, Avani Textiles had a promoter holding of 7.39% and a public holding of 92.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹63.00 Cr

Satisfied Charges

₹172.60 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 48.00 Cr
  • State Bank Of India : 15.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Aug 2023Axis Bank Limited₹48.00 CrOpen
19 Jan 2011State Bank Of India₹15.00 CrOpen
27 Aug 2021Axis Bank Limited₹5.23 CrSatisfied
21 Aug 2021Axis Bank Limited₹5.24 CrSatisfied
22 Jun 2021Axis Bank Limited₹5.27 CrSatisfied

How Many Employees Work at Avani Textiles?

Avani Textiles has a workforce of 763 employees as of Apr 05, 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.

Employee growth trends for Avani Textiles Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Avani Textiles, 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 Avani Textiles's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Avani Textiles

Recent activity within the organization

  • Annual General Meeting

    Avani Textiles Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Avani Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge registered on 22 Jun 2021 via Charge ID 100456254 with Axis Bank Limited was fully satisfied on 29 Nov 2023.

  • Charges

    A charge registered on 22 Jan 2021 via Charge ID 100414803 with Axis Bank Limited was fully satisfied on 26 Oct 2023.

  • Charges

    A charge registered on 27 Aug 2021 via Charge ID 100476342 with Axis Bank Limited was fully satisfied on 01 Sep 2023.

  • Charges

    A charge registered on 21 Aug 2021 via Charge ID 100473507 with Axis Bank Limited was fully satisfied on 01 Sep 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Avani Textiles Limited?

    Avani Textiles Limited was incorporated on 22 Aug 2006.

  • What is authorized share capital and paid-up capital of Avani Textiles Limited?

    The authorized share capital of Avani Textiles Limited is ₹ 58.00 Cr and paid-up capital is ₹ 57.61 Cr.

  • Who are the current board members & directors of Avani Textiles Limited?

    Currently 12 directors are associated with Avani Textiles Limited.

    • Shiv Kumar Goyal
    • Ramesh Kumar
    • Lajpat Rai Jindal
    • Deepak Jindal
    • Rajiv Sharma
    • Bhuvan Goyal
    • Kewal Krishan
    • Ram Karan Bhardwaj
    • Sanjeev Kumar
    • Ranjan Gupta
    • Pankaj Mittal
    • Diksha Budhiraja

  • What is the registered address of Avani Textiles Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Avani Textiles Limited is Rural Focal Point Village Bhindran Patiala Road, India, Sangrur, Punjab, 148001.

  • What is the corporate identification number (CIN) and company number of Avani Textiles Limited?

    The corporate identification number (CIN) of Avani Textiles Limited is U17121PB2006PLC030558 and the company number is 030558 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Avani Textiles Limited?

    The Official website of Avani Textiles Limited is https://www.avanitextile.com

  • What has been the recent revenue trend for Avani Textiles Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Avani Textiles Limited has risen by 44.32%.

  • How many employees does Avani Textiles Limited currently have?

    As Per 2022 financial reports, 763 employees are currently employed by Avani Textiles Limited.

  • What change has been observed in the net worth of Avani Textiles Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Avani Textiles Limited has experienced an upsurge of 332.30%.

  • What are the total open charges for Avani Textiles Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Avani Textiles Limited amount to ₹ 63.00 Cr.

  • When was the last Balance Sheet of Avani Textiles Limited filed with the ROC?

    The most recent Balance Sheet for Avani Textiles Limited was filed with the ROC on 31 Mar 2024.

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