Avon Cycles Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 8.70 M
- Company Age 73 Year, 5 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 five 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
Environment
Automotive
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 Limited
Mandeep 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)
Open Charges
₹335.05 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Avon Cycles
Recent activity within the organization
- Annual General Meeting
Avon Cycles Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Avon Cycles Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Charges
A charge registered on 11 Aug 2020 via Charge ID 100373906 with Others was fully satisfied on 29 Feb 2024.
- Charges
A charge registered on 17 Nov 2021 via Charge ID 100521921 with Hdfc Bank Limited was fully satisfied on 26 Jun 2023.
- Charges
A charge registered on 29 Feb 2020 via Charge ID 100334042 with Others was fully satisfied on 28 Apr 2023.
- Director Appointment
Gurpreet Kaur was appointed as a Director was appointed as a Director on 04 Feb 2023 & has been associated with this company since 2 years 1 month .
Recent News, Updates & Announcement
Avon Cycles files Rs 10.5 Cr fraud case against automobile dealer.According to Onkar Singh Pahwa, chairman-cum-managing director of Avon Cycles, the owners of M/S Swani Motors Services, duped his company of Rs10.50 crore, which was initially taken as a loan from them..
- GreenSignal Bio Pharma plans IPO in October to raise Rs100 crore | Mint.
GreenSignal Bio Pharma says the IPO will constitute up to 38% of the fully diluted post-offer paid-up equity share capital.
Frequently asked questions
What is the Incorporation or founding date of Avon Cycles Ltd?
Avon Cycles Ltd was incorporated on 01 Oct 1951.
What is authorized share capital and paid-up capital of Avon Cycles Ltd?
The authorized share capital of Avon Cycles Ltd is ₹ 2.00 Cr and paid-up capital is ₹ 8.70 M.
Who are the current board members & directors of Avon Cycles Ltd?
Currently 7 directors are associated with Avon Cycles Ltd.
- Mandeep Singh Pahwa
- Rishi Pahwa
- Onkar Singh Pahwa
- Bhavdeep Sardana
- Anil Arora
- Gurpreet Kaur
- Bhupinder Singh Dhiman
What is the registered address of Avon Cycles Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Avon Cycles Ltd is G T Roaddhandari Kalan Ludhiana India, Punjab, 141003.
What is the corporate identification number (CIN) and company number of Avon Cycles Ltd?
The corporate identification number (CIN) of Avon Cycles Ltd is U35921PB1951PLC001699 and the company number is 001699 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avon Cycles Ltd?
The Official website of Avon Cycles Ltd is https://www.avoncycles.com
What has been the recent revenue trend for Avon Cycles Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Avon Cycles Ltd has risen by 15.36%.
How many employees does Avon Cycles Ltd currently have?
As Per 2022 financial reports, 1467 employees are currently employed by Avon Cycles Ltd.
What change has been observed in the net worth of Avon Cycles Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Avon Cycles Ltd has experienced an upsurge of 8.07%.
What are the total open charges for Avon Cycles Ltd?
As per the financial statements for fiscal Year 2022, The total open charges for Avon Cycles Ltd amount to ₹ 335.05 Cr.
When was the last Balance Sheet of Avon Cycles Ltd filed with the ROC?
The most recent Balance Sheet for Avon Cycles Ltd was filed with the ROC on 31 Mar 2024.
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