Avanti Communications Pvt Ltd
About Avanti Communications Pvt Ltd
Data last updated:
Avanti Communications Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the advertising and media services segment of the media and publishing sector. It was incorporated on 16 September 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74300MH1992PTC068557. Its GSTIN is 27AADCA8663M1Z5 (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Falguni Basudev Biswas and Basudev Biswas.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 4/A Dhaval Ganga 1 Main Carter Road Bandra ( West), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.8 Lakh, a growth of 142% compared to the previous year. For the same year it recorded a net loss of ₹7.35 Lakh (net margin -407.7%) and EBITDA of ₹75,121 (EBITDA margin 41.7%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 37% over five years.
Company details
Contact details
Avanti Communications Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4/A Dhaval Ganga 1 Main Carter Road Bandra ( West), Mumbai, Maharashtra, India – 400050
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Avanti Communications 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
Business activity
The main business activity of Avanti Communications is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Avanti Communications Pvt Ltd, buy the company report.
Financials of Avanti Communications Pvt Ltd
FY 2024 filings availableAvanti Communications Pvt Ltd reported revenue of ₹1.8 Lakh (up 142% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 142% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 37%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹1.8 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | ₹75,121 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹7.35 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.7% | ||||
| Net Profit Margin | -407.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Avanti Communications Pvt Ltd, buy the company report.
Board of directors of Avanti Communications Pvt Ltd
Avanti Communications has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Falguni Basudev Biswas | Director | 16 Sep 1992 | 34 Years 1 Months | As last reported |
| Basudev Biswas | Director | 06 Mar 2024 | 2 Years 7 Months | As last reported |
Auditor
Avanti Communications Pvt Ltd is audited by M P REDDY & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M P REDDY & ASSOCIATES | FY 2021 | 131623W |
Shareholding
The shareholding of Avanti Communications Pvt Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avanti Communications Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Avanti Communications Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avanti Communications Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avanti Communications has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA8663M1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avanti Communications Pvt Ltd, buy the company report.
Recent activity
Avanti Communications Pvt Ltd has 3 board changes on record since 1992: 2 appointments and 1 cessation. The latest: Basudev Biswas was appointed as Director on 06 Mar 2024.
Frequently asked questions
Avanti Communications has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Avanti Communications was a private limited company based in Mumbai, Maharashtra, India. The company worked in advertising agencies and media services, within the media and publishing industry. It was incorporated on 16 September 1992 and is registered under CIN U74300MH1992PTC068557. The company has been struck off by the Registrar of Companies and is no longer operational.
Avanti Communications had 2 directors:
- Falguni Basudev Biswas - Director
- Basudev Biswas - Director
The CIN (Corporate Identification Number) of Avanti Communications is U74300MH1992PTC068557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Avanti Communications is at 4A Dhaval Ganga 1 Main Carter Road Bandra West, Mumbai, Maharashtra, India – 400050.
Avanti Communications was incorporated on 16 September 1992. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Avanti Communications on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avanti Communications is 27AADCA8663M1Z5, registered in Maharashtra.
Avanti Communications operated in the media and publishing industry, in the advertising agencies and media services segment. It worked in this industry before it was struck off.
Basudev Biswas was appointed as Director on 06 Mar 2024. Deepa Vinit Durve ceased to be Director on 24 Dec 2023. Falguni Basudev Biswas was appointed as Director on 16 Sep 1992.
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