Avanti Business Machines Profile
Key Indicators
- Authorised Capital ₹ 3.25 Cr
- Paid Up Capital ₹ 1.36 Cr
- Company Age 37 Year, 28 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.00 M
- Revenue Growth 29.46%
- Profit Growth 119.18%
- Ebitda 147.51%
- Net Worth 4.37%
- Total Assets 12.58%
About Avanti Business Machines
Avanti Business Machines Limited (ABML) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 February 1988 and has a history of 37 years. Its registered office is in Rangareddy, Telangana, India.
The Corporate was formerly known as Avanti Business Machines P Limited. The Company is engaged in the Machinery And Equipment 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 3.25 Cr and a paid-up capital of Rs 1.36 Cr.
The company currently has active open charges totaling ₹9.00 M.
Geetha Subbaiyan, Apurba Nandi, and Subbaian Rajasekaran serve as directors at the Company.
Company Details
- Location
Rangareddy, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29219TG1988PLC008286
- Company No.
008286
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
05 Feb 1988
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Machinery and Equipment
What products or services does Avanti Business Machines Limited offer?
Avanti Business Machines Limited offers a wide range of products and services, including Binding Machines, Paper Shredding Machine, Heavy Duty Paper Shredder, Comb Binding Machine, Shredding Machine, Industrial Shredders, Antiva Paper Shredders, Money Counter, Currency Counting Machines, Avanti Paper Shredding Machine.
Who are the key members and board of directors at Avanti Business Machines?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Geetha Subbaiyan  | Whole-Time Director | 05-Feb-1988 | Current |
| Apurba Nandi | Whole-Time Director | 05-Feb-1988 | Current |
| Subbaian Rajasekaran | Director | 18-Nov-2021 | Current |
Financial Performance of Avanti Business Machines.
Avanti Business Machines Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 29.46% increase. The company also saw a substantial improvement in profitability, with a 119.18% increase in profit. The company's net worth moved up by a moderate rise of 4.37%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avanti Business Machines?
In 2023, Avanti Business Machines had a promoter holding of 74.23% and a public holding of 25.77%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹0.90 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- City Union Bank Limited : 0.75 Cr
- Vijaya Bank : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Dec 2017 | City Union Bank Limited | ₹7.50 M | Open |
| 15 Feb 1996 | Vijaya Bank | ₹1.50 M | Open |
How Many Employees Work at Avanti Business Machines?
Avanti Business Machines has a workforce of 41 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Avanti Business Machines, 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 Avanti Business Machines'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 Avanti Business Machines
Recent activity within the organization
- Annual General Meeting
Avanti Business Machines Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.
- Charges
A charge with City Union Bank Limited of Rs. 0.75 Cr registered on 28 Dec 2017 with Charge ID 100151019 was modified on 14 Jul 2023.
- Balance Sheet
Avanti Business Machines Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
- Director Appointment
Subbaian Rajasekaran was appointed as a Director was appointed as a Director on 18 Nov 2021 & has been associated with this company since 3 years 3 months .
- Charges
A charge with City Union Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100151019 was registered on 28 Dec 2017.
- Charges
A charge with Vijaya Bank of Rs. 0.15 Cr registered on 15 Feb 1996 with Charge ID 90343078 was modified on 10 Sep 2012.
Frequently asked questions
What is the Incorporation or founding date of Avanti Business Machines Limited?
Avanti Business Machines Limited was incorporated on 05 Feb 1988.
What is authorized share capital and paid-up capital of Avanti Business Machines Limited?
The authorized share capital of Avanti Business Machines Limited is ₹ 3.25 Cr and paid-up capital is ₹ 1.36 Cr.
Who are the current board members & directors of Avanti Business Machines Limited?
Currently 3 directors are associated with Avanti Business Machines Limited.
- Geetha Krishnan Subbaiyan
- Apurba Kumar Nandi
- Subbaian Rajasekaran
What is the registered address of Avanti Business Machines Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avanti Business Machines Limited is B-86 Sanathnagar Extension, Industrial Estate Balanagar India, Hyderabad, Telangana, 500018.
What is the corporate identification number (CIN) and company number of Avanti Business Machines Limited?
The corporate identification number (CIN) of Avanti Business Machines Limited is U29219TG1988PLC008286 and the company number is 008286 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avanti Business Machines Limited?
The Official website of Avanti Business Machines Limited is https://www.avanti-ltd.com
What has been the recent revenue trend for Avanti Business Machines Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avanti Business Machines Limited has risen by 29.46%.
How many employees does Avanti Business Machines Limited currently have?
As Per 2023 financial reports, 41 employees are currently employed by Avanti Business Machines Limited.
What change has been observed in the net worth of Avanti Business Machines Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avanti Business Machines Limited has experienced an upsurge of 4.37%.
What are the total open charges for Avanti Business Machines Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avanti Business Machines Limited amount to ₹ 9.00 M.
When was the last Balance Sheet of Avanti Business Machines Limited filed with the ROC?
The most recent Balance Sheet for Avanti Business Machines Limited was filed with the ROC on 31 Mar 2023.
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