Avantel Profile
Key Indicators
- Authorised Capital ₹ 60.00 Cr
- Paid Up Capital ₹ 48.65 Cr
- Company Age 34 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 69.52 Cr
- Satisfied Charges ₹ 21.30 Cr
- Revenue Growth 45.56%
- Profit Growth 56.62%
- Ebitda 97.12%
- Net Worth 33.64%
- Total Assets 39.65%
About Avantel
Avantel Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 May 1990 and has a history of 34 years and eight months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532406.
The Corporate was formerly known as Avantel Softech Limited. The Company is engaged in the Telecom 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 60.00 Cr and a paid-up capital of Rs 48.65 Cr.
The company currently has active open charges totaling ₹69.52 Cr. The company has closed loans amounting to ₹21.30 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avantel Limited India are Abburi Sarada as CFO and Rajasekhara Dondeti as Company Secretary. Abburi Vidyasagar, Abburi Sarada, Harita Vasireddi, and Four other members serve as directors at the Company.
Company Details
- Location
Visakhapatnam, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L72200AP1990PLC011334
- Company No.
011334
- Stock Symbol
BSE : 532406
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 May 1990
- Date of AGM
30 May 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Vijayawada
Industry
What products or services does Avantel Limited offer?
Avantel Limited offers a wide range of products and services, including Office Automation Products & Devices, Mobile Computer, Telecommunication Equipment & Parts, Repeater, Resistors & Other Passive Devices, RF Passive Components, Residential & Commercial Security, Security Service, Filter Assemblies and Spare Parts, Filter Elements.
Who are the key members and board of directors at Avantel?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abburi Vidyasagar  | Managing Director | 01-Apr-2007 | Current |
| Abburi Sarada | CFO | 14-May-2014 | Current |
| Rajasekhara Dondeti | Company Secretary | 21-Oct-2022 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Abburi Sagar | Whole-Time Director | 01-Mar-2021 | Current |
| Myneni Rao | Director | 13-Feb-2016 | Current |
| Abburi Sarada | Whole-Time Director and Cfo | 01-Aug-1992 | Current |
| Harita Vasireddi | Director | 14-Mar-2024 | Current |
| Ramchander Vyasabhattu | Director | 06-May-2022 | Current |
| Ajit Kalghatgi | Director | 14-Mar-2024 | Current |
Financial Performance of Avantel.
Avantel Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.56% increase. The company also saw a substantial improvement in profitability, with a 56.62% increase in profit. The company's net worth Soared by an impressive increase of 33.64%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Avantel?
In 2023, Avantel had a promoter holding of 40.14% and a public holding of 59.85%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Welspun Specialty Solutions LimitedMyneni Rao is a mutual person
Innomet Advanced Materials LimitedMyneni Rao is a mutual person
Emtac Laboratories Private LimitedHarita Vasireddi is a mutual person
Bambino Agro Industries LimitedRamchander Vyasabhattu is a mutual person
Vimta Labs LimitedHarita Vasireddi is a mutual person
Antrix Corporation LimitedAjit Kalghatgi is a mutual person
Charges (Loans)
₹69.52 Cr
₹21.30 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 69.50 Cr
- Anz Grindlays Bank : 0.02 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jul 1996 | Canara Bank | ₹69.50 Cr | Open |
| 22 Dec 1995 | Anz Grindlays Bank | ₹0.20 M | Open |
| 09 Jan 2023 | Canara Bank | ₹6.50 Cr | Satisfied |
| 23 Sep 2015 | Canara Bank | ₹1.78 M | Satisfied |
| 13 Dec 2003 | Canara Bank | ₹1.50 M | Satisfied |
How Many Employees Work at Avantel?
Avantel has a workforce of 200 employees as of Apr 06, 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 Avantel, 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 Avantel'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.
