Avon Ispat & Power Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 1.68 Cr
- Company Age 56 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 212.00 Cr
- Satisfied Charges ₹ 1,881.08 Cr
- Revenue Growth -11.82%
- Profit Growth -25.59%
- Ebitda -20.82%
- Net Worth 8.82%
- Total Assets -11.18%
About Avon Ispat & Power
Avon Ispat & Power Limited (AIPL) was founded in India on 10 April 1968 and has a glorious history of 56 years and nine months. Its registered office is in Punjab, Punjab, India.
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.
Company Details
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Location
Punjab, Punjab, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U35921PB1968PLC002754
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Company No.
002754
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
10 Apr 1968
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chandigarh
Industry
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
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Managing Director | 01-Mar-2016 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Siddharth Pahwa
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Whole-Time Director | 01-Mar-2016 | Current |
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Arun Goyal
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Director | 02-Mar-2015 | Current |
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Kamla Pahwa
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Director | 04-Nov-2006 | Current |
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Indermohan Sood
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Director | 03-Nov-2017 | Current |
Financial Performance 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%.
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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)
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_LIMITED.webp)
Ralson (India) LimitedArun Goyal is a mutual person
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Ceigall India LimitedArun Goyal is a mutual person
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Avon Rims Private LimitedKamla Pahwa is a mutual person
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Pahwa Investments Pvt LtdKamla Pahwa, Indermohan Sood and 2 more are mutual person
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Avon Tubes LimitedKamla Pahwa is a mutual person
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Avon Steel Industries Private Limited
Kamla Pahwa is a mutual person
Charges (Loans)
₹212.00 Cr
₹1,881.08 Cr
Charges Breakdown by Lending Institutions
- Others : 170.00 Cr
- Hdfc Bank Limited : 42.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2018 | Hdfc Bank Limited | ₹42.00 Cr | Open |
| 29 Jun 2015 | Others | ₹170.00 Cr | Open |
| 12 Oct 2021 | Yes Bank Limited | ₹45.00 Cr | Satisfied |
| 12 Jul 2021 | Hdfc Bank Limited | ₹83.00 Cr | Satisfied |
| 31 Jul 2018 | Others | ₹25.00 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.
