Avon Cycles Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 8.70 M
- Company Age 73 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 335.05 Cr
- Satisfied Charges ₹ 491.63 Cr
- Revenue Growth 15.36%
- Profit Growth -10.78%
- Ebitda -1.72%
- Net Worth 8.07%
- Total Assets 2.44%
About Avon Cycles
Avon Cycles Ltd (ACL) was founded in India on 01 October 1951 and has a glorious history of 73 years and four months. Its registered office is in Ludhiana, Punjab, India.
The Company is engaged in the Environment 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 2.00 Cr and a paid-up capital of Rs 8.70 M.
The company currently has active open charges totaling ₹335.05 Cr. The company has closed loans amounting to ₹491.63 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mandeep Pahwa, Rishi Pahwa, Onkar Pahwa, and Four other members serve as directors at the Company.
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U35921PB1951PLC001699
- Company No.
001699
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
01 Oct 1951
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
What products or services does Avon Cycles Ltd offer?
Avon Cycles Ltd offers a wide range of products and services, including E Vehicles, Electric Two Wheelers, Parts And Kits.
Who are the key members and board of directors at Avon Cycles?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rishi Pahwa  | Managing Director | 01-Jun-2003 | Current |
| Onkar Pahwa | Managing Director | 11-Apr-1983 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mandeep Pahwa | Whole-Time Director | 01-Jun-2003 | Current |
| Bhavdeep Sardana | Director | 30-Nov-2021 | Current |
| Anil Arora | Director | 20-Nov-2017 | Current |
| Gurpreet Kaur | Director | 04-Feb-2023 | Current |
| Bhupinder Dhiman | Director | 23-Aug-2022 | Current |
Financial Performance of Avon Cycles.
Avon Cycles Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 15.36% increase. The company also saw a substantial fall in profitability, with a 10.78% decrease in profit. The company's net worth moved up by a moderate rise of 8.07%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avon Cycles?
In 2022, Avon Cycles had a promoter holding of 100.00%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sukhjit Mega Food Park & Infra LimitedBhavdeep Sardana is a mutual person
Ceigall India LimitedGurpreet Kaur is a mutual person
Kuantum Papers LimitedBhavdeep Sardana is a mutual person
Avon Newage Cycles Private LimitedMandeep Pahwa, Rishi Pahwa and 1 more are mutual person
- Avon Infrabiz Private Limited
Mandeep Pahwa, Rishi Pahwa and 1 more are mutual person
Avon Fitness Machines Private LimitedMandeep Pahwa, Rishi Pahwa and 1 more are mutual person
Charges (Loans)
₹335.05 Cr
₹491.63 Cr
Charges Breakdown by Lending Institutions
- Others : 220.00 Cr
- Hdfc Bank Limited : 82.00 Cr
- Axis Bank Limited : 20.00 Cr
- State Bank Of India : 10.35 Cr
- Industrial Finace Corporation Of India : 2.70 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2021 | Hdfc Bank Limited | ₹20.00 Cr | Open |
| 12 Feb 2020 | Hdfc Bank Limited | ₹20.00 Cr | Open |
| 11 Nov 2019 | Hdfc Bank Limited | ₹20.00 Cr | Open |
| 19 Jan 2019 | Others | ₹50.00 Cr | Open |
| 19 Jan 2019 | Others | ₹10.00 Cr | Open |
How Many Employees Work at Avon Cycles?
Avon Cycles has a workforce of 1467 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 Avon Cycles, 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 Avon Cycles'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.
