Avon Newage Cycles Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 18.93 Cr
- Company Age 4 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 42.00 Cr
- Satisfied Charges ₹ 37.00 Cr
- Revenue Growth %
- Net Worth 335.51%
- Total Assets 612.39%
About Avon Newage Cycles
Avon Newage Cycles Private Limited (ANCPL) is a Private Limited Indian Non-Government Company incorporated in India on 16 September 2020 (Four years and five months 26 days old ). Its registered office is in Ludhiana, Punjab, India.
The Company is engaged in the Automotive 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 25.00 Cr and a paid-up capital of Rs 18.93 Cr.
The company currently has active open charges totaling ₹42.00 Cr. The company has closed loans amounting to ₹37.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avon Newage Cycles Private Limited India are Jahanvi Sharma as CFO and Shiv Mishra as Company Secretary. Mandeep Pahwa, Rishi Pahwa, and Onkar Pahwa 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
U35999PB2020PTC051894
- Company No.
051894
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Sep 2020
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Automotive
Avon Newage Cycles Private Limited
Explore comprehensive data for Avon Newage Cycles Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Avon Newage Cycles?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rishi Pahwa  | Managing Director | 16-Sep-2020 | Current |
| Jahanvi Sharma | CFO | 13-Feb-2024 | Current |
| Shiv Mishra | Company Secretary | 01-Feb-2022 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mandeep Pahwa | Director | 16-Sep-2020 | Current |
| Onkar Pahwa | Director | 16-Sep-2020 | Current |
Financial Performance of Avon Newage Cycles.
Avon Newage Cycles Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth Soared by an impressive increase of 335.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue | |||||||
| Revenue from Operations | |||||||
| Total Assets |
| ||||||
| Profit or Loss | |||||||
| Net Worth |
| ||||||
| EBITDA |
What is the Ownership and Shareholding Structure of Avon Newage Cycles?
In 2022, Avon Newage Cycles 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)
- Avon Cycles Ltd
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
- Avon Energies And Investments Private Limited
Mandeep Pahwa, Rishi Pahwa and 1 more are mutual person
- Nimbua Greenfield (Punjab) Association
Onkar Pahwa is a mutual person
- Ludhiana Advanced Centre For Cycle Technology
Onkar Pahwa is a mutual person
Charges (Loans)
Open Charges
₹42.00 Cr
Satisfied Charges
₹37.00 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 22.00 Cr
- Others : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 May 2023 | Hdfc Bank Limited | ₹5.00 Cr | Open |
| 02 Mar 2023 | Others | ₹5.00 Cr | Open |
| 23 Dec 2022 | Hdfc Bank Limited | ₹17.00 Cr | Open |
| 27 Jan 2022 | Others | ₹15.00 Cr | Open |
| 18 Sep 2021 | Hdfc Bank Limited | ₹37.00 Cr | Satisfied |
How Many Employees Work at Avon Newage Cycles?
Avon Newage Cycles has a workforce of 180 employees as of Mar 28, 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 Newage 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 Newage 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 Newage Cycles
Recent activity within the organization
- Annual General Meeting
Avon Newage Cycles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 18 Sep 2021 via Charge ID 100492204 with Hdfc Bank Limited was fully satisfied on 09 Jul 2024.
- Balance Sheet
Avon Newage Cycles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Director Appointment
Jahanvi Sharma was appointed as a Cfo was appointed as a Cfo on 13 Feb 2024 & has been associated with this company since 1 year 28 days .
- Charges
A charge with Hdfc Bank Limited of Rs. 17.00 Cr registered on 23 Dec 2022 with Charge ID 100668601 was modified on 18 Jan 2024.
- Charges
A charge with Hdfc Bank Limited of Rs. 5.00 Cr registered on 24 May 2023 with Charge ID 100730106 was modified on 06 Dec 2023.
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 Newage Cycles Private Limited?
Avon Newage Cycles Private Limited was incorporated on 16 Sep 2020.
What is authorized share capital and paid-up capital of Avon Newage Cycles Private Limited?
The authorized share capital of Avon Newage Cycles Private Limited is ₹ 25.00 Cr and paid-up capital is ₹ 18.93 Cr.
Who are the current board members & directors of Avon Newage Cycles Private Limited?
Currently 5 directors are associated with Avon Newage Cycles Private Limited.
- Jahanvi Sharma
- Mandeep Singh Pahwa
- Rishi Pahwa
- Onkar Singh Pahwa
- Shiv Ram Mishra
What is the registered address of Avon Newage Cycles Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avon Newage Cycles Private Limited is Avon Cycles Premises G.T. Road, Dhandari Kalan India, Ludhiana, Punjab, 141003.
What is the corporate identification number (CIN) and company number of Avon Newage Cycles Private Limited?
The corporate identification number (CIN) of Avon Newage Cycles Private Limited is U35999PB2020PTC051894 and the company number is 051894 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avon Newage Cycles Private Limited?
The Official website of Avon Newage Cycles Private Limited is https://www.cambiobikes.com
How many employees does Avon Newage Cycles Private Limited currently have?
As Per 2022 financial reports, 180 employees are currently employed by Avon Newage Cycles Private Limited.
What change has been observed in the net worth of Avon Newage Cycles Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Avon Newage Cycles Private Limited has experienced an upsurge of 335.51%.
What are the total open charges for Avon Newage Cycles Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Avon Newage Cycles Private Limited amount to ₹ 42.00 Cr.
When was the last Balance Sheet of Avon Newage Cycles Private Limited filed with the ROC?
The most recent Balance Sheet for Avon Newage Cycles Private Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records