Avon Ispat & Power Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
as on 18-07-2024
- Paid Up Capital ₹ 1.68 Cr
as on 18-07-2024
- Company Age 56 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 212.00 Cr
as on 18-07-2024
- Satisfied Charges ₹ 1,881.08 Cr
as on 18-07-2024
- Revenue -11.82%
(FY 2023)
- Profit -25.59%
(FY 2023)
- Ebitda -20.82%
(FY 2023)
- Net Worth 8.82%
(FY 2023)
- Total Assets -11.18%
(FY 2023)
About Avon Ispat & Power
The Corporate was formerly known as Avery Cycle Industries Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 1.68 Cr.
The company currently has active open charges totaling ₹212.00 Cr. The company has closed loans amounting to ₹1,881.08 Cr, as per Ministry of Corporate Affairs (MCA) records.
Arun Goyal, Kamla Pahwa, Indermohan Sood, and Two other members serve as directors at the Company.
- CIN/LLPIN
U35921PB1968PLC002754
- Company No.
002754
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
10 Apr 1968
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Company Details
- Location
Punjab, Punjab, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Avon Ispat & Power Limited offer?
Avon Ispat & Power Limited offers a wide range of products and services, including Steel and Stainless Steel Coils, Cold Rolled Coils, Steel Pipes and Tubes, ERW Pipes, Steel & Stainless Steel Products.
Who are the key members and board of directors at Avon Ispat & Power?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhinav Pahwa  | Managing Director | 01-Mar-2016 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Siddharth Pahwa | Whole-Time Director | 01-Mar-2016 | Current |
| Arun Goyal | Director | 02-Mar-2015 | Current |
| Kamla Pahwa | Director | 04-Nov-2006 | Current |
| Indermohan Sood | Director | 03-Nov-2017 | Current |
Financial Performance and Corporate Structure Insights of Avon Ispat & Power.
Avon Ispat & Power Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.82% decrease. The company also saw a substantial fall in profitability, with a 25.59% decrease in profit. The company's net worth moved up by a moderate rise of 8.82%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avon Ispat & Power?
In 2023, Avon Ispat & Power had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
_LIMITED.webp)
Pahwa Investments Pvt LtdActive 44 years 8 monthsKamla Pahwa, Indermohan Sood and 2 more are mutual person
_LIMITED.webp)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 28 Feb 2018 | ₹42.00 Cr | Open |
Others Creation Date: 29 Jun 2015 | ₹170.00 Cr | Open |
Yes Bank Limited Creation Date: 12 Oct 2021 | ₹45.00 Cr | Satisfied |
How Many Employees Work at Avon Ispat & Power?
Avon Ispat & Power has a workforce of 623 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 Ispat & Power, 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 Ispat & Power'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.
