Avantha Holdings Profile
Key Indicators
- Authorised Capital ₹ 515.87 Cr
- Paid Up Capital ₹ 4.55 Cr
- Company Age 26 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3,910.81 Cr
- Satisfied Charges ₹ 8,774.84 Cr
- Revenue Growth -49.90%
- Profit Growth -15.65%
- Ebitda -14.81%
- Net Worth -3.56%
- Total Assets -4.72%
About Avantha Holdings
Avantha Holdings Limited (AHL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 May 1998 and has a history of 26 years and ten months. Its registered office is in New Delhi, India.
The Corporate was formerly known as Newquest Corporation Private Limited. The Company is engaged in the Packaging Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 515.87 Cr and a paid-up capital of Rs 4.55 Cr.
The company currently has active open charges totaling ₹3,910.81 Cr. The company has closed loans amounting to ₹8,774.84 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avantha Holdings Limited India is Sonia Das as COMPANY SECRETARY. Gautam Thapar, Bhuthalingam Hariharan, and Chiranjiv Singh serve as directors at the Company.
Company Details
- Location
New Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67120DL1998PLC198627
- Company No.
198627
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 May 1998
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Packaging
Financial Services
Avantha Holdings Limited
Explore comprehensive data for Avantha Holdings Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Avantha Holdings?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sonia Das  | Company Secretary | 29-Apr-2011 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Gautam Thapar | Director | 01-Apr-2011 | Current |
| Bhuthalingam Hariharan | Director | 09-Jul-2010 | Current |
| Chiranjiv Singh | Whole-Time Director | 17-Oct-2019 | Current |
Financial Performance of Avantha Holdings.
Avantha Holdings Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 49.9% decrease. The company also saw a substantial fall in profitability, with a 15.65% decrease in profit. The company's net worth dipped by a decrease of 3.56%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avantha Holdings?
In 2022, Avantha Holdings had a promoter holding of 100.00%. The company had 24 Subsidiaries, 2 Joint Ventures and 4 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Capsurance Insurance Brokers Limited
Bhuthalingam Hariharan is a mutual person
Tks Developers LimitedChiranjiv Singh is a mutual person
- Jhabua Power Investments Limited
Chiranjiv Singh is a mutual person
Avantha Consulting Services LimitedGautam Thapar and Sonia Das are mutual person
- Sulochana Thapar Foundation
Gautam Thapar is a mutual person
Charges (Loans)
Open Charges
₹3,910.81 Cr
Satisfied Charges
₹8,774.84 Cr
Charges Breakdown by Lending Institutions
- Others : 2963.00 Cr
- Il&Fs Trust Company Limited : 660.00 Cr
- Indusind Bank Ltd. : 120.00 Cr
- Housing Development Finance Corporation Limited : 74.25 Cr
- The Ratnakar Bank Limited : 25.00 Cr
- Others : 68.56 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2019 | Others | ₹778.00 Cr | Open |
| 01 May 2017 | Others | ₹230.00 Cr | Open |
| 01 May 2017 | Others | ₹495.00 Cr | Open |
| 05 Jan 2017 | Others | ₹315.00 Cr | Open |
| 05 Jan 2017 | Others | ₹450.00 Cr | Open |
How Many Employees Work at Avantha Holdings?
Avantha Holdings has a workforce of 14 employees as of Apr 10, 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 Avantha Holdings, 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 Avantha Holdings'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 Avantha Holdings
Recent activity within the organization
- Charges
A charge registered on 01 Feb 2018 via Charge ID 100163756 with Others was fully satisfied on 15 Mar 2024.
- Charges
A charge registered on 17 Aug 2016 via Charge ID 100062554 with Others was fully satisfied on 15 Mar 2024.
- Annual General Meeting
Avantha Holdings Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
- Charges
A charge with Others of Rs. 155.00 Cr registered on 30 Sep 2015 with Charge ID 10599170 was modified on 25 Jul 2023.
- Balance Sheet
Avantha Holdings Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Charges
A charge with Others of Rs. 230.00 Cr registered on 01 May 2017 with Charge ID 100113020 was modified on 13 Feb 2023.
Recent News, Updates & Announcement
- CG Power board moves to remove Avantha Holdings as promoter.
The promoter entities together hold only 8,574 shares in the loss-making CG..
- CG Power may move Enforcement Directorate against Avantha Group promoter Gautam Thapar.
CG Power’s directors may approach the Enforcement Directorate (ED) in a bid to stop Thapar from leaving the country, two people aware of the development said.
- "Gautam Thapar's Avantha Group Sells Solaris ChemTech to Agrocel Industries to Tackle Debt".
When you're in debt, you gotta sell some stuff. So, Gautam Thapar's Avantha Group sold Solaris ChemTech to Agrocel Industries. Debt be gone!.
Frequently asked questions
What is the Incorporation or founding date of Avantha Holdings Limited?
Avantha Holdings Limited was incorporated on 29 May 1998.
What is authorized share capital and paid-up capital of Avantha Holdings Limited?
The authorized share capital of Avantha Holdings Limited is ₹ 515.87 Cr and paid-up capital is ₹ 4.55 Cr.
Who are the current board members & directors of Avantha Holdings Limited?
Currently 4 directors are associated with Avantha Holdings Limited.
- Gautam Thapar
- Bhuthalingam Hariharan
- Chiranjiv Singh
- Sonia Niranjan Das
What is the registered address of Avantha Holdings Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avantha Holdings Limited is Thapar House 124 Janpath, India, New Delhi, 110001.
What is the corporate identification number (CIN) and company number of Avantha Holdings Limited?
The corporate identification number (CIN) of Avantha Holdings Limited is U67120DL1998PLC198627 and the company number is 198627 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avantha Holdings Limited?
The Official website of Avantha Holdings Limited is https://www.avanthagroup.com
What has been the recent revenue trend for Avantha Holdings Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Avantha Holdings Limited has fallen by -49.90%.
How many employees does Avantha Holdings Limited currently have?
As Per 2021 financial reports, 14 employees are currently employed by Avantha Holdings Limited.
What change has been observed in the net worth of Avantha Holdings Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Avantha Holdings Limited has experienced an downturn of -3.56%.
What are the total open charges for Avantha Holdings Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Avantha Holdings Limited amount to ₹ 3,910.81 Cr.
When was the last Balance Sheet of Avantha Holdings Limited filed with the ROC?
The most recent Balance Sheet for Avantha Holdings Limited was filed with the ROC on 31 Mar 2023.
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