Avanti Leathers Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
as on 17-07-2024
- Paid Up Capital ₹ 11.95 Cr
as on 17-07-2024
- Company Age 48 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 23.86 Cr
as on 17-07-2024
- Satisfied Charges ₹ 61.01 Cr
as on 17-07-2024
- Revenue 56.37%
(FY 2023)
- Profit 12.57%
(FY 2023)
- Ebitda -151.19%
(FY 2023)
- Net Worth 46.76%
(FY 2023)
- Total Assets 33.21%
(FY 2023)
About Avanti Leathers
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 2023. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 11.95 Cr.
The company currently has active open charges totaling ₹23.86 Cr. The company has closed loans amounting to ₹61.01 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avanti Leathers Limited India are Neetu Sharma as COMPANY SECRETARY and Dhanekula Kishore as Cfo. Vasudevarao Dhanekula, Ashok Aluri, Dhanekula Kishore, and One other member serve as directors at the Company.
- CIN/LLPIN
U18209AP1976PLC002007
- Company No.
002007
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
17 Mar 1976
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Company Details
- Location
Andhra Pradesh, Andhra Pradesh, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Avanti Leathers?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vasudevarao Dhanekula  | Managing Director | 23-Sep-2017 | Current |
| Neetu Sharma | Company Secretary | 01-Aug-2022 | Current |
| Dhanekula Kishore | CFO | 05-Jan-2022 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ashok Aluri | Director | 04-Apr-2020 | Current |
| Dhanekula Kishore | Director | 12-Feb-2021 | Current |
| Sreenivasa Maddala | Director | 06-Dec-2017 | Current |
Financial Performance and Corporate Structure Insights of Avanti Leathers.
Avanti Leathers Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 56.37% increase. The company also saw a substantial improvement in profitability, with a 12.57% increase in profit. The company's net worth Soared by an impressive increase of 46.76%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Avanti Leathers?
In 2023, Avanti Leathers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Prara Leathers Private LimitedActive 27 years 4 monthsVasudevarao Dhanekula and Dhanekula Kishore are mutual person
Prara Footwear Private LimitedActive 3 years 2 monthsVasudevarao Dhanekula, Dhanekula Kishore and 1 more are mutual person
- Dhanekula Organic Farms & Resorts LlpActive 7 years 8 months
Vasudevarao Dhanekula is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 09 Mar 2023 | ₹0.40 M | Open |
Others Creation Date: 24 Sep 2021 | ₹23.82 Cr | Open |
State Bank Of India Creation Date: 27 Jun 2019 | ₹11.00 Cr | Satisfied |
How Many Employees Work at Avanti Leathers?
Avanti Leathers has a workforce of 166 employees as of Mar 29, 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 Leathers, 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 Leathers'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.
