About Avani Towers Pvt. Ltd.
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Avani Towers Pvt. Ltd. is a private limited company based in Kolkata, West Bengal, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 13 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1994PTC063557.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹4.84 Cr. It is led by directors Umang Nemani and Neha Nemani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Avani Heights 59A Chowringhee Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.52 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹55.49 Lakh and EBITDA of -₹38.56 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 60% over three years.
Court records list 34 cases involving the company, including 13 filed by the company and 21 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avaniestates.com.
Company details
Contact details
Avani Towers Pvt. Ltd.'s registered office is in Kolkata, West Bengal. Its website is avaniestates.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressAvani Heights 59A Chowringhee Road, Kolkata, West Bengal, India – 700020
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Avani Towers Pvt. Ltd., buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Avani Towers Pvt. Ltd.
FY 2019 filings availableAvani Towers Pvt. Ltd. reported revenue of ₹6.52 Lakh (up 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 60%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹6.52 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹38.56 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹55.49 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Avani Towers Pvt. Ltd., buy the company report.
Board of directors of Avani Towers Pvt. Ltd.
Avani Towers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umang Nemani | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Neha Nemani | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
Auditor
Avani Towers Pvt. Ltd. is audited by CHOPRA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHOPRA & CO | FY 2017 | 308035E |
Shareholding
The shareholding of Avani Towers Pvt. Ltd. is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avani Towers Pvt. Ltd., buy the company report.
Legal cases
Avani Towers Pvt. Ltd. has 34 court cases on record: 13 filed by Avani Towers, 21 filed against it. 14 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 18 | 10 | 10 |
| High courts | 6 | 5 | 1 |
| District courts | 5 | 1 | 3 |
| Supreme Court | 4 | 4 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Howrah, West Bengal | Court case (1.Title Suit) | Filed against the company by Shree Gobinddeo Glass Works Ltd | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Victory Iron Works Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Energy Properties Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Paragon Global Industries Ltd. and 3 others | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Victory Iron Works Ltd. Through Akhilesh Kumar Jha Authorized Representative P-26, Benaras Road, Salkia, Howrah ,Howrah , West Bengal | Disposed |
To see the full case history of Avani Towers Pvt. Ltd., buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avani Towers Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avani Towers has 8 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Avani Towers Pvt. Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avani Towers Pvt. Ltd. has 10 board changes on record since 1994: 5 appointments and 5 cessations. The latest: Neha Nemani was appointed as Director on 01 Apr 2025.
1 earlier event is in the company report.
Frequently asked questions
Avani Towers is an active private limited company based in Kolkata, West Bengal, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 13 June 1994 (32+ years old) and is registered under CIN U70101WB1994PTC063557.
Avani Towers has 2 current directors:
- Umang Nemani - Director
- Neha Nemani - Director
The latest financial statements of Avani Towers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avani Towers is U70101WB1994PTC063557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avani Towers has 34 court cases on record: 13 filed by the company and 21 filed against it. 14 are pending. Most are in the nclat.
Avani Towers was incorporated on 13 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
Neha Nemani was appointed as Director on 01 Apr 2025. Umang Nemani was appointed as Director on 01 Apr 2025. Ratan Kumar Jha was appointed as Additional Director on 01 Mar 2019. Avani Towers has 10 board changes on record in total.
Avani Towers can be reached through the website avaniestates.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Avani Towers is at Avani Heights 59A Chowringhee Road, Kolkata, West Bengal, India – 700020.
Avani Towers operates in the financial services industry, in the diversified financial services segment.
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