Avantel Limited

This company specializes in manufacturing telecom products and providing related customer support services.

1990 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated:

Avantel Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 48.95 Cr
  • Company Age 34 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 69.52 Cr
  • Satisfied Charges ₹ 21.30 Cr
  • Revenue Growth 45.55%
  • Profit Growth 84.62%
  • Ebitda 23.42%
  • Net Worth 53.21%
  • Total Assets 44.98%

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 ten 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 Communications 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 48.95 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

Telecom

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.

Company report

Avantel Limited

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

Who are the key members and board of directors at Avantel?

Executive Team (3)

NameDesignationAppointment DateStatus
Abburi Vidyasagar Country flag representing In Managing Director01-Apr-2007Current
Abburi Sarada Country flag representing In CFO14-May-2014Current
Rajasekhara Dondeti Company Secretary21-Oct-2022Current

Board Members (6)

NameDesignationAppointment DateStatus
Abburi Sagar Country flag representing In Whole-Time Director 01-Mar-2021Current
Myneni Rao Country flag representing In Director 13-Feb-2016Current
Abburi Sarada Country flag representing In Whole-Time Director and Cfo 14-May-2014Current
Harita Vasireddi Country flag representing In Director 06-Mar-2024Current
Ramchander Vyasabhattu Country flag representing In Director 06-May-2022Current
Ajit Kalghatgi Country flag representing In Director 06-Mar-2024Current

Financial Performance of Avantel.

Avantel Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 45.55% increase. The company also saw a substantial improvement in profitability, with a 84.62% increase in profit. The company's net worth Soared by an impressive increase of 53.21%.

Avantel revenue growth over time
Avantel 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
45.55%
Revenue from Operations
45.15%
Total Assets
44.98%
Profit or Loss
84.62%
Net Worth
53.21%
EBITDA
23.42%

What is the Ownership and Shareholding Structure of Avantel?

In 2024, Avantel had a promoter holding of 40.06% and a public holding of 59.93%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹69.52 Cr

Satisfied Charges

₹21.30 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 69.50 Cr
  • Anz Grindlays Bank : 0.02 Cr

Latest Charge Details

DateLenderAmountStatus
26 Jul 1996Canara Bank₹69.50 CrOpen
22 Dec 1995Anz Grindlays Bank₹0.20 MOpen
09 Jan 2023Canara Bank₹6.50 CrSatisfied
23 Sep 2015Canara Bank₹1.78 MSatisfied
13 Dec 2003Canara Bank₹1.50 MSatisfied

How Many Employees Work at Avantel?

Avantel has a workforce of 239 employees as of Feb 24, 2025. 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 Avantel Limited

Deals i

Graph showing company valuation over time

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

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 Avantel

Recent activity within the organization

  • Charges

    A charge with Canara Bank of Rs. 69.50 Cr registered on 26 Jul 1996 with Charge ID 90137883 was modified on 30 Oct 2024.

  • Annual General Meeting

    Avantel Limited last Annual general meeting of members was held on 30 May 2024 as per latest MCA records.

  • Balance Sheet

    Avantel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

  • Director Appointment

    Harita Vasireddi was appointed as a Director was appointed as a Director on 06 Mar 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Ajit Tavanappa Kalghatgi was appointed as a Director was appointed as a Director on 06 Mar 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge registered on 09 Jan 2023 via Charge ID 100667941 with Canara Bank was fully satisfied on 21 Mar 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Avantel Limited?

    Avantel Limited was incorporated on 30 May 1990.

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

    The authorized share capital of Avantel Limited is ₹ 60.00 Cr and paid-up capital is ₹ 48.95 Cr.

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

    Currently 9 directors are associated with Avantel Limited.

    • Abburi Vidyasagar
    • Abburi Sarada
    • Harita Vasireddi
    • Myneni Narayana Rao
    • Abburi Sidhartha Sagar
    • Ramchander Vyasabhattu
    • Ajit Tavanappa Kalghatgi
    • Abburi Sarada
    • Rajasekhara Reddy Dondeti

  • What is the registered address of Avantel Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Avantel Limited is Sy No.141 Plot No.47/P Apiic Industrial Park Gambheeram(V) Anandapuram (M), India, Vishakhapatnam, Andhra Pradesh, 531163.

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

    The corporate identification number (CIN) of Avantel Limited is L72200AP1990PLC011334 and the company number is 011334 as per Ministry of Corporate Affairs (MCA).

  • Is Avantel Limited registered with any stock exchange in India?

    Yes, Avantel Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Avantel Limited?

    The Official website of Avantel Limited is https://www.avantel.in

  • What has been the recent revenue trend for Avantel Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Avantel Limited has risen by 45.55%.

  • How many employees does Avantel Limited currently have?

    As Per 2024 financial reports, 239 employees are currently employed by Avantel Limited.

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

    The financial reports for the fiscal year 2024 indicates that The net worth of Avantel Limited has experienced an upsurge of 53.21%.

  • What are the total open charges for Avantel Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Avantel Limited amount to ₹ 69.52 Cr.

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

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

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