Avtec Profile
Key Indicators
- Authorised Capital ₹ 35.00 Cr
- Paid Up Capital ₹ 26.56 Cr
- Company Age 20 Year, 14 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 428.32 Cr
- Satisfied Charges ₹ 1,766.93 Cr
- Revenue Growth -8.75%
- Profit Growth -78.72%
- Ebitda -24.67%
- Net Worth 8.94%
- Total Assets -14.13%
About Avtec
Avtec Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 February 2005 and has a history of 20 years. Its registered office is in Dhar, Madhya Pradesh, 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 2023. It's a company limited by shares with an authorized capital of Rs 35.00 Cr and a paid-up capital of Rs 26.56 Cr.
The company currently has active open charges totaling ₹428.32 Cr. The company has closed loans amounting to ₹1,766.93 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avtec Limited India is Narasimhan Natarajan as CFO. Chandrakant Birla, Manjira Khurana, Srinivasa Echambadi, and Three other members serve as directors at the Company.
Company Details
- Location
Dhar, Madhya Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U34103MP2005PLC017319
- Company No.
017319
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Feb 2005
- Date of AGM
01 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Gwalior
Industry
What products or services does Avtec Limited offer?
Avtec Limited offers a wide range of products and services, including Engine & Engine Spare Parts, Industrial Engines, Steering Parts & Components, Drivetrain Components, Generators, Turbines & Power Plants, Portable Generator, Commercial Vehicles & Three Wheelers, Special Purpose Vehicle, Diesel Engine, Transmission Parts.
Who are the key members and board of directors at Avtec?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tejkrishan Rajput  | Managing Director | Current | |
| Narasimhan Natarajan | CFO | 03-Feb-2023 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manjira Khurana | Director | 27-Mar-2015 | Current |
| Ananthanarayanan Narayanan | Nominee Director | 28-Jun-2005 | Current |
| Chandrakant Birla | Nominee Director | 28-Jun-2005 | Current |
| Srinivasa Echambadi | Director | 08-May-2015 | Current |
| Rajat Mukherjee | Director | 17-Feb-2020 | Current |
Financial Performance of Avtec.
Avtec Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.75% decrease. The company also saw a substantial fall in profitability, with a 78.72% decrease in profit. The company's net worth moved up by a moderate rise of 8.94%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avtec?
In 2023, Avtec had a promoter holding of 100.00%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Hindustan Motors LtdAnanthanarayanan Narayanan is a mutual person
Webcom India Private LimitedManjira Khurana is a mutual person
Comviva Technologies LimitedRajat Mukherjee is a mutual person
Ck Birla Healthcare Private LimitedSrinivasa Echambadi is a mutual person
Orient Electric LimitedChandrakant Birla is a mutual person
Orient Paper And Industries Ltd.Chandrakant Birla is a mutual person
Charges (Loans)
₹428.32 Cr
₹1,766.93 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 408.32 Cr
- Others : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Others | ₹20.00 Cr | Open |
| 01 Jun 2020 | Sbicap Trustee Company Limited | ₹408.32 Cr | Open |
| 16 Mar 2023 | Others | ₹19.00 Cr | Satisfied |
| 15 Dec 2021 | Others | ₹35.00 Cr | Satisfied |
| 04 Feb 2021 | Others | ₹25.63 Cr | Satisfied |
How Many Employees Work at Avtec?
Avtec has a workforce of 683 employees as of Mar 23, 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 Avtec, 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 Avtec'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.
