Avon Steel Industries Profile
Key Indicators
- Authorised Capital ₹ 7.30 M
- Paid Up Capital ₹ 7.22 M
- Company Age 26 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 190.00 Cr
- Satisfied Charges ₹ 416.74 Cr
- Revenue Growth -13.68%
- Profit Growth -88.10%
- Ebitda -84.63%
- Net Worth 4.87%
- Total Assets 11.19%
About Avon Steel Industries
Avon Steel Industries Private Limited (ASIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 February 1999 and has a history of 26 years and one month. Its registered office is in Ludhiana, Punjab, India.
The Corporate was formerly known as Avon Ispat Limited. The Company is engaged in the Metals And Minerals 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 7.30 M and a paid-up capital of Rs 7.22 M.
The company currently has active open charges totaling ₹190.00 Cr. The company has closed loans amounting to ₹416.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
Chetan Pahwa, Kamla Pahwa, and Mandeep 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
U35921PB1999PTC022236
- Company No.
022236
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Feb 1999
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Metals and Minerals
What products or services does Avon Steel Industries Private Limited offer?
Avon Steel Industries Private Limited offers a wide range of products and services, including Steel & Stainless Steel Products, Steel and Stainless Steel Coils, Steel Pipes and Tubes, ERW Pipes.
Avon Steel Industries Private Limited
Explore comprehensive data for Avon Steel Industries Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Avon Steel Industries?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chetan Pahwa  | Managing Director | 24-Jan-2006 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kamla Pahwa | Director | 04-Nov-2006 | Current |
| Mandeep Pahwa | Director | 08-Sep-2015 | Current |
Financial Performance of Avon Steel Industries.
Avon Steel Industries Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.68% decrease. The company also saw a substantial fall in profitability, with a 88.1% decrease in profit. The company's net worth moved up by a moderate rise of 4.87%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avon Steel Industries?
In 2023, Avon Steel Industries 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)
Mukat Pipes LimitedMandeep Pahwa is a mutual person
Avon Rims Private LimitedChetan Pahwa, Kamla Pahwa and 1 more are mutual person
Pahwa Investments Pvt LtdKamla Pahwa is a mutual person
Avon Ispat & Power LimitedKamla Pahwa is a mutual person
- Avon Steel Industries & Profiles Private Limited
Chetan Pahwa and Mandeep Pahwa are mutual person
- Avon Tubes Limited
Chetan Pahwa and Kamla Pahwa are mutual person
Charges (Loans)
Open Charges
₹1,900.00 M
Satisfied Charges
₹4,167.40 M
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 80.00 Cr
- Hdfc Bank Limited : 60.00 Cr
- Others : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2023 | Hdfc Bank Limited | ₹60.00 Cr | Open |
| 10 Aug 2022 | Yes Bank Limited | ₹40.00 Cr | Open |
| 01 Jul 2022 | Yes Bank Limited | ₹40.00 Cr | Open |
| 27 Apr 2022 | Others | ₹50.00 Cr | Open |
| 26 Mar 2021 | Hdfc Bank Limited | ₹10.00 Cr | Satisfied |
How Many Employees Work at Avon Steel Industries?
Avon Steel Industries has a workforce of 550 employees as of Apr 05, 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 Steel Industries, 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 Steel Industries'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 Steel Industries
Recent activity within the organization
- Annual General Meeting
Avon Steel Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Avon Steel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Charges
A charge registered on 05 Sep 2018 via Charge ID 100205732 with Hdfc Bank Limited was fully satisfied on 29 Aug 2023.
- Charges
A charge with Hdfc Bank Limited of Rs. 600.00 M registered on 08 Feb 2023 with Charge ID 100690575 was modified on 27 Mar 2023.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 600.00 M with Charge ID 100690575 was registered on 08 Feb 2023.
- Charges
A charge with Yes Bank Limited of Rs. 400.00 M registered on 01 Jul 2022 with Charge ID 100602629 was modified on 08 Feb 2023.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Avon Steel Industries Private Limited?
Avon Steel Industries Private Limited was incorporated on 12 Feb 1999.
What is authorized share capital and paid-up capital of Avon Steel Industries Private Limited?
The authorized share capital of Avon Steel Industries Private Limited is ₹ 7.30 M and paid-up capital is ₹ 7.22 M.
Who are the current board members & directors of Avon Steel Industries Private Limited?
Currently 3 directors are associated with Avon Steel Industries Private Limited.
- Chetan Singh Pahwa
- Kamla Pahwa
- Mandeep Ahluwalia Pahwa
What is the registered address of Avon Steel Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avon Steel Industries Private Limited is Phase Viii, Focal Point Chandigarh Road India, Ludhiana, Punjab, 141010.
What is the corporate identification number (CIN) and company number of Avon Steel Industries Private Limited?
The corporate identification number (CIN) of Avon Steel Industries Private Limited is U35921PB1999PTC022236 and the company number is 022236 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avon Steel Industries Private Limited?
The Official website of Avon Steel Industries Private Limited is https://www.avonsteel.com
What has been the recent revenue trend for Avon Steel Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avon Steel Industries Private Limited has fallen by -13.68%.
How many employees does Avon Steel Industries Private Limited currently have?
As Per 2023 financial reports, 550 employees are currently employed by Avon Steel Industries Private Limited.
What change has been observed in the net worth of Avon Steel Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avon Steel Industries Private Limited has experienced an upsurge of 4.87%.
What are the total open charges for Avon Steel Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avon Steel Industries Private Limited amount to ₹ 190.00 Cr.
When was the last Balance Sheet of Avon Steel Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Avon Steel Industries Private Limited was filed with the ROC on 31 Mar 2024.
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