Avanti Leathers Limited

Produces and exports various types of leather and leather products worldwide.

1976 | Chittoor, Andhra Pradesh (India) | Active
Last Updated:

Avanti Leathers Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 11.95 Cr
  • Company Age 49 Year, 28 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 23.86 Cr
  • Satisfied Charges ₹ 61.01 Cr
  • Revenue Growth 56.37%
  • Profit Growth 12.57%
  • Ebitda -151.19%
  • Net Worth 46.76%
  • Total Assets 33.21%

About Avanti Leathers

Avanti Leathers Limited (ALL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 March 1976 and has a history of 49 years. Its registered office is in Chittoor, Andhra Pradesh, India.

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 2024. 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, Dhanekula Kishore, Ashok Aluri, and One other member serve as directors at the Company.

Company Details

  • Location

    Chittoor, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U18209AP1976PLC002007

  • Company No.

    002007

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Mar 1976

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Manufacturing
Company report

Avanti Leathers Limited

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

Who are the key members and board of directors at Avanti Leathers?

Executive Team (3)

NameDesignationAppointment DateStatus
Vasudevarao Dhanekula Country flag representing In Managing Director23-Sep-2017Current
Neetu Sharma Company Secretary01-Aug-2022Current
Dhanekula Kishore CFO30-Nov-2021Current

Board Members (3)

NameDesignationAppointment DateStatus
Dhanekula Kishore Country flag representing In Director 12-Feb-2021Current
Ashok Aluri Country flag representing In Director 04-Apr-2020Current
Sreenivasa Maddala Country flag representing In Director 06-Dec-2017Current

Financial Performance 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%.

Avanti Leathers revenue growth over time
Avanti Leathers 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
56.37%
Revenue from Operations
56.30%
Total Assets
33.21%
Profit or Loss
12.57%
Net Worth
46.76%
EBITDA
-151.19%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹23.86 Cr

Satisfied Charges

₹61.01 Cr

Charges Breakdown by Lending Institutions

  • Others : 23.86 Cr

Latest Charge Details

DateLenderAmountStatus
09 Mar 2023Others₹0.40 MOpen
24 Sep 2021Others₹23.82 CrOpen
27 Jun 2019State Bank Of India₹11.00 CrSatisfied
15 Dec 2017Others₹17.00 CrSatisfied
08 Jul 2017Others₹6.35 CrSatisfied

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.

Employee growth trends for Avanti Leathers Limited

Deals i

Graph showing company valuation over time

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

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 Avanti Leathers

Recent activity within the organization

  • Annual General Meeting

    Avanti Leathers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

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

  • Charges

    A charge with Others amounted to Rs. 0.04 Cr with Charge ID 100706697 was registered on 09 Mar 2023.

  • Director Appointment

    Neetu Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 01 Aug 2022 & has been associated with this company since 2 years 8 months .

  • Charges

    A charge with Others of Rs. 23.82 Cr registered on 24 Sep 2021 with Charge ID 100490591 was modified on 06 Jul 2022.

  • Director Appointment

    Dhanekula Nanda Kishore was appointed as a Cfo was appointed as a Cfo on 30 Nov 2021 & has been associated with this company since 3 years 4 months .

Frequently asked questions

  • What is the Incorporation or founding date of Avanti Leathers Limited?

    Avanti Leathers Limited was incorporated on 17 Mar 1976.

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

    The authorized share capital of Avanti Leathers Limited is ₹ 15.00 Cr and paid-up capital is ₹ 11.95 Cr.

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

    Currently 6 directors are associated with Avanti Leathers Limited.

    • Vasudevarao Dhanekula
    • Dhanekula Nanda Kishore
    • Ashok Kumar Aluri
    • Neetu Sharma
    • Dhanekula Nanda Kishore
    • Sreenivasa Reddy Maddala

  • What is the registered address of Avanti Leathers Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Avanti Leathers Limited is Avanti Kambakkam Village, Varadayapalem India, Andhra Pradesh, 517541.

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

    The corporate identification number (CIN) of Avanti Leathers Limited is U18209AP1976PLC002007 and the company number is 002007 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Avanti Leathers Limited?

    The Official website of Avanti Leathers Limited is https://www.avantiprara.in

  • What has been the recent revenue trend for Avanti Leathers Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Avanti Leathers Limited has risen by 56.37%.

  • How many employees does Avanti Leathers Limited currently have?

    As Per 2023 financial reports, 166 employees are currently employed by Avanti Leathers Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Avanti Leathers Limited has experienced an upsurge of 46.76%.

  • What are the total open charges for Avanti Leathers Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Avanti Leathers Limited amount to ₹ 23.86 Cr.

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

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

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