Averx Drugs Private Limited

Pharmaceutical company manufacturing and distributing various drugs and chemical products.

2014 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated:

Averx Drugs Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 9.91 Cr
  • Company Age 10 Year, 6 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 7.48 Cr
  • Revenue Growth 209.54%
  • Profit Growth 69.93%
  • Ebitda 165.67%
  • Net Worth 67.39%
  • Total Assets 14.92%

About Averx Drugs

Averx Drugs Private Limited (ADPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 August 2014 and has a history of Ten years and six months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.

The Company is engaged in the Pharma Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 9.91 Cr.

The company currently has active open charges totaling ₹7.48 Cr.

Srinivas Ramineni, Vns Kurapati, Dhana Tirupathi, and One other member 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

    U24100AP2014PTC095163

  • Company No.

    095163

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Aug 2014

  • Date of AGM

    30 Nov 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Pharma

What products or services does Averx Drugs Private Limited offer?

Averx Drugs Private Limited offers a wide range of products and services, including Common Disease Medicines, Pharmaceutical Medicine, Animal Medicines & Health Care, Anthelmintics, Pharma Ingredients & Raw Materials, Anti Infective API.

Who are the key members and board of directors at Averx Drugs?

Executive Team (1)

NameDesignationAppointment DateStatus
Nagasekhar Ramineni Country flag representing In Managing Director27-Mar-2019Current

Board Members (3)

NameDesignationAppointment DateStatus
Srinivas Ramineni Country flag representing In Additional Director 29-Jan-2024Current
Vns Kurapati Country flag representing In Director 26-Aug-2014Current
Dhana Tirupathi Country flag representing In Director 25-Apr-2015Current

Financial Performance of Averx Drugs.

Averx Drugs Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 209.54% increase. The company also saw a substantial improvement in profitability, with a 69.93% increase in profit. The company's net worth Soared by an impressive increase of 67.39%.

Averx Drugs revenue growth over time
Averx Drugs 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
209.54%
Revenue from Operations
231.65%
Total Assets
14.92%
Profit or Loss
69.93%
Net Worth
67.39%
EBITDA
165.67%

What is the Ownership and Shareholding Structure of Averx Drugs?

In 2021, Averx Drugs had a promoter holding of 96.01% and a public holding of 3.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹7.48 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 7.48 Cr

Latest Charge Details

DateLenderAmountStatus
05 Sep 2018Others₹2.13 CrOpen
31 Aug 2016Others₹5.35 CrOpen

How Many Employees Work at Averx Drugs?

Unlock and access historical data on people associated with Averx Drugs, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Averx Drugs Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Averx Drugs, 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 Averx Drugs'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 Averx Drugs

Recent activity within the organization

  • Director Appointment

    Srinivas Ramineni was appointed as a Additional Director was appointed as a Additional Director on 29 Jan 2024 & has been associated with this company since 1 year 1 month .

  • Annual General Meeting

    Averx Drugs Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

  • Balance Sheet

    Averx Drugs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Vijayawada.

  • Director Appointment

    Nagasekhar Ramineni was appointed as a Managing Director was appointed as a Managing Director on 27 Mar 2019 & has been associated with this company since 5 years 11 months .

  • Charges

    A charge with Others amounted to Rs. 2.13 Cr with Charge ID 100202612 was registered on 05 Sep 2018.

  • Charges

    A charge with Others amounted to Rs. 5.35 Cr with Charge ID 100047169 was registered on 31 Aug 2016.

Frequently asked questions

  • What is the Incorporation or founding date of Averx Drugs Private Limited?

    Averx Drugs Private Limited was incorporated on 26 Aug 2014.

  • What is authorized share capital and paid-up capital of Averx Drugs Private Limited?

    The authorized share capital of Averx Drugs Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 9.91 Cr.

  • Who are the current board members & directors of Averx Drugs Private Limited?

    Currently 4 directors are associated with Averx Drugs Private Limited.

    • Srinivas Ramineni
    • Vns Gopal Raju Kurapati
    • Dhana Lakshmi Tirupathi
    • Nagasekhar Ramineni

  • What is the registered address of Averx Drugs Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Averx Drugs Private Limited is Plot No 27A 32A And 27A31 Denotified Area Lalamkoduru Rambilli, Atchuthapuram India, Paravada, Andhra Pradesh, 531019.

  • What is the corporate identification number (CIN) and company number of Averx Drugs Private Limited?

    The corporate identification number (CIN) of Averx Drugs Private Limited is U24100AP2014PTC095163 and the company number is 095163 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Averx Drugs Private Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Averx Drugs Private Limited has risen by 209.54%.

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

    The financial reports for the fiscal year 2021 indicates that The net worth of Averx Drugs Private Limited has experienced an upsurge of 67.39%.

  • What are the total open charges for Averx Drugs Private Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Averx Drugs Private Limited amount to ₹ 7.48 Cr.

  • When was the last Balance Sheet of Averx Drugs Private Limited filed with the ROC?

    The most recent Balance Sheet for Averx Drugs Private Limited was filed with the ROC on 31 Mar 2021.

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