Avesthagen Profile
Key Indicators
- Authorised Capital ₹ 14.00 Cr
- Paid Up Capital ₹ 7.61 Cr
- Company Age 26 Year, 11 Months
- Last Filing with ROC 31 Mar 2022
- Open Charges ₹ 100.49 Cr
- Satisfied Charges ₹ 13.10 Cr
- Revenue Growth -72.05%
- Profit Growth -79.89%
- Ebitda -21.56%
- Net Worth 11.98%
- Total Assets 3.33%
About Avesthagen
Avesthagen Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 April 1998 and has a history of 26 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Avesthagen Private Limited. The Company is engaged in the Life Sciences Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 14.00 Cr and a paid-up capital of Rs 7.61 Cr.
The company currently has active open charges totaling ₹100.49 Cr. The company has closed loans amounting to ₹13.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Villoo Patell, Sanaya Patell, John Mckinley, and One other member serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U73100KA1998PLC030671
- Company No.
030671
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Apr 1998
- Date of AGM
30 Sep 2022
- Date of Balance Sheet
31 Mar 2022
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Life Sciences
What products or services does Avesthagen Limited offer?
Avesthagen Limited offers a wide range of products and services, including Architectural & Civil Engineering, Architectural Services, IT, Networking & Automation Solution, IT Consultancy.
Who are the key members and board of directors at Avesthagen?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Villoo Patell  | Managing Director | 20-Apr-1998 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Prakash Virkar | Director | 11-Feb-2020 | Current |
John Mckinley  | Director | 03-Aug-2019 | Current |
| Sanaya Patell | Director | 21-Jan-2008 | Current |
Financial Performance of Avesthagen.
Avesthagen Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 72.05% decrease. The company also saw a substantial fall in profitability, with a 79.89% decrease in profit. The company's net worth Soared by an impressive increase of 11.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avesthagen?
In 2022, Avesthagen had a promoter holding of 32.77% and a public holding of 67.23%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sonacad Design India Private LimitedSanaya Patell is a mutual person
- Avesta Biotherapeutics And Research Private Limited
Villoo Patell is a mutual person
- Avesthagen Research Private Limited
Villoo Patell is a mutual person
Avesta Good Earth Foods Private LimitedVilloo Patell and Sanaya Patell are mutual person
Swagath Seeds Private LimitedVilloo Patell is a mutual person
- Dhanvantari Botanicals Private Limited
Villoo Patell is a mutual person
Charges (Loans)
Open Charges
₹100.49 Cr
Satisfied Charges
₹13.10 Cr
Charges Breakdown by Lending Institutions
- Oriental Bank Of Commerce : 42.73 Cr
- Il & Fs Trust Company Limited : 32.00 Cr
- Citicorp Finance (India) Limited : 16.00 Cr
- Mr. Nadir B Godrej : 5.00 Cr
- Biotechnology Industry Research Assistance Council : 4.32 Cr
- Others : 0.44 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 2023 | Hdfc Bank Limited | ₹2.01 M | Open |
| 19 Mar 2014 | Biotechnology Industry Research Assistance Council | ₹4.32 Cr | Open |
| 04 Nov 2010 | Mr. Nadir B Godrej | ₹5.00 Cr | Open |
| 29 Mar 2010 | Department Of Biotechnology | ₹0.40 M | Open |
| 28 Jan 2010 | Department Of Biotechnology | ₹2.00 M | Open |
How Many Employees Work at Avesthagen?
Avesthagen has a workforce of 0 employees as of Apr 04, 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 Avesthagen, 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 Avesthagen'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 Avesthagen
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100717129 was registered on 23 Feb 2023.
- Annual General Meeting
Avesthagen Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
- Balance Sheet
Avesthagen Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
- Director Appointment
Prakash Dattatraya Virkar was appointed as a Director was appointed as a Director on 11 Feb 2020 & has been associated with this company since 5 years 1 month .
- Director Appointment
John Aiken Mckinley was appointed as a Director was appointed as a Director on 03 Aug 2019 & has been associated with this company since 5 years 7 months .
- Charges
A charge with Biotechnology Industry Research Assistance Council amounted to Rs. 4.32 Cr with Charge ID 10486133 was registered on 19 Mar 2014.
Recent News, Updates & Announcement
- Avesthagen's Rs 700 crore IPO in second half of 2010.
Bangalore-based life sciences company Avesthagen Ltd plans to launch an initial public offering in the second half in the current calendar year with an aim to raise Rs 600 crore to Rs 700 crore. .
- Avesthagen launches seven new botanical bioactives.
Avesthagen Limited, knowledge-based Life Sciences company, on Thursday unveiled seven new botanical bioactives under Avestha brand, to prevent specific degenerative conditions like diabetes, bone loss and cadiovascular diseases..
Frequently asked questions
What is the Incorporation or founding date of Avesthagen Limited?
Avesthagen Limited was incorporated on 20 Apr 1998.
What is authorized share capital and paid-up capital of Avesthagen Limited?
The authorized share capital of Avesthagen Limited is ₹ 14.00 Cr and paid-up capital is ₹ 7.61 Cr.
Who are the current board members & directors of Avesthagen Limited?
Currently 4 directors are associated with Avesthagen Limited.
- Villoo Zareer Morawala Patell
- Sanaya Zareer Patell
- John Aiken Mckinley
- Prakash Dattatraya Virkar
What is the registered address of Avesthagen Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avesthagen Limited is Wework Pavilion, 62/63 The Church Street India, Bengaluru, Karnataka, 560001.
What is the corporate identification number (CIN) and company number of Avesthagen Limited?
The corporate identification number (CIN) of Avesthagen Limited is U73100KA1998PLC030671 and the company number is 030671 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avesthagen Limited?
The Official website of Avesthagen Limited is https://www.avesthagen.com
What has been the recent revenue trend for Avesthagen Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Avesthagen Limited has fallen by -72.05%.
What change has been observed in the net worth of Avesthagen Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Avesthagen Limited has experienced an upsurge of 11.98%.
What are the total open charges for Avesthagen Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Avesthagen Limited amount to ₹ 100.49 Cr.
When was the last Balance Sheet of Avesthagen Limited filed with the ROC?
The most recent Balance Sheet for Avesthagen Limited was filed with the ROC on 31 Mar 2022.
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