About Aavantika Gas Limited
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Aavantika Gas Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 07 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U40107MP2006PLC018684. Its GSTIN is 23AAFCA9135J1ZO (Madhya Pradesh).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹59.12 Cr. It is led by directors including Pankaj Bhagat and Anjana Sanjeeva.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 202 – B 2nd Floor Nrk Business Park Vijay Nagar Square A.B. Road, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2025, the company reported a revenue of ₹818.25 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹80.18 Cr (net margin 9.8%) and EBITDA of ₹146.87 Cr (EBITDA margin 17.9%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 25% over five years.
The company has about 143 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹260 Cr and satisfied charges of ₹376 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹44.98 Cr; the latest was in February 2018. Its 9 peer companies in the Oil and Gas industry (Distribution and Transmission), with the same principal business activity (manufacture of gas, distribution of gaseous fuels) are compared by revenue, 4 larger and 5 smaller; the largest is Agp City Gas Private Limited with revenue of ₹985.09 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aglonline.net.
Company details
Contact details
Aavantika Gas Limited's registered office is in Indore, Madhya Pradesh. Its website is aglonline.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address202 – B 2nd Floor Nrk Business Park Vijay Nagar Square A.B. Road, Indore, Madhya Pradesh, India – 452010
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of Aavantika Gas Limited, 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 Aavantika Gas is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of Aavantika Gas Limited, buy the company report.
Financials of Aavantika Gas Limited
FY 2024 filings availableAavantika Gas Limited reported revenue of ₹818.25 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 13% growth in the latest year. EBITDA rose 7% in the latest year. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹146.87 Cr | ||||
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| Net Profit (PAT) | ₹80.18 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 17.9% | ||||
| Net Profit Margin | 9.8% | ||||
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To see the full financial statements and ratios of Aavantika Gas Limited, buy the company report.
Board of directors and KMP of Aavantika Gas Limited
Aavantika Gas Limited currently reports 5 directors and 1 key managerial person. 40 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Bhagat | Director | 19 Jan 2024 | 2 Years 9 Months | Current |
| Rakesh Kumar Jain Also directs: Gail Gas Limited, Gail Global Ifsc Limited | Additional Director | 15 Jan 2025 | 1 Years 9 Months | Current |
| Indrajit Dasgupta | Additional Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Rajesh Jain | Cfo | 16 May 2023 | 3 Years 5 Months | Current |
| Anjana Sanjeeva | Director | 04 May 2023 | 3 Years 6 Months | Current |
| Sandeep Maheshwari | Additional Director | 04 Feb 2025 | 1 Years 9 Months | Current |
Peer comparison
Aavantika Gas Limited is compared with the 9 companies closest to it by revenue in the Oil and Gas industry (Distribution and Transmission), with the same principal business activity (manufacture of gas, distribution of gaseous fuels), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agp City Gas Private Limited | ₹985.09 Cr (FY 2025) | 81.0% | Kanchipuram, Tamil Nadu, India | |||
| Green Gas Limited | ₹942.12 Cr (FY 2025) | 4.0% | Lucknow, Uttar Pradesh, India | |||
| Megha City Gas Distribution Private Limited | ₹875.66 Cr (FY 2025) | 67.0% | Hyderabad, Telangana, India | |||
| Haryana City Gas Distribution Limited | ₹824.78 Cr (FY 2024) | 10.0% | New Delhi, Delhi, India | |||
| Aavantika Gas Limitedthis company | ₹818.25 Cr (FY 2025) | ₹80.18 Cr | 9.8% | 13.0% | 143 | Indore, Madhya Pradesh, India |
| Konkan LNG Limited | ₹801.9 Cr (FY 2025) | 88.0% | New Delhi, Delhi, India | |||
| Assam Gas Company Ltd | ₹791.57 Cr (FY 2024) | -3.0% | Dibrugarh, Assam, India | |||
| Bhagyanagar Gas Limited | ₹719.45 Cr (FY 2025) | 38.0% | Hyderabad, Telangana, India | |||
| Central U.P. Gas Limited | ₹703.76 Cr (FY 2024) | -7.0% | Kanpur, Uttar Pradesh, India | |||
| Vadodara Gas Limited | ₹583.99 Cr (FY 2025) | 18.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Aavantika Gas Limited, buy the company report.
Auditor
Aavantika Gas Limited is audited by Arora Banthia & Tulsiyan for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Arora Banthia & Tulsiyan | FY 2022 | 007028C |
Shareholding
The shareholding of Aavantika Gas Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aavantika Gas Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2017 | 100149579 | Hdfc Bank Limited | ₹260 Cr | Open | |
| 07 Aug 2019 | 100281651 | Others | ₹125 Cr | Satisfied | |
| 25 Mar 2010 | 10215281 | Others | ₹251 Cr | Satisfied |
To see the full charge records of Aavantika Gas Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Aavantika Gas Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹44.98 Cr; the latest was in February 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Rights issue | ₹54.98 Cr | Investors: Hindustan Petroleum Corporation Limited , Gail (India) Limited |
| Sep 2014 | Funding round | ₹44.98 Cr | Investors: Gail (India) Limited , Hindustan Petroleum Corporation Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aavantika Gas Limited has 3 court cases on record: 2 filed by Aavantika Gas, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed against the company by M/S Graffiti Infra Projects Private Limited Through Its Authorised Signatory Yogesh Singh | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Union of India Ministry of Petrolium and Natural Gas | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Petroleum and Natural Gas Regulatory Board & Anr. | Disposed |
To see the full case history of Aavantika Gas Limited, 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.
Credit ratings & regulatory alerts
Aavantika Gas Limited was last rated by Care on 22 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Feb 2022 |
To see the full credit ratings and regulatory alerts of Aavantika Gas Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aavantika Gas Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aavantika Gas Limited has a workforce of 143 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Aavantika Gas has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCA9135J1ZO | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aavantika Gas Limited, buy the company report.
Recent activity
Aavantika Gas Limited has 44 board changes on record since 2007: 7 appointments and 37 cessations. The latest: Sandeep Maheshwari was appointed as Additional Director on 04 Feb 2025.
42 earlier events are in the company report.
Frequently asked questions
Aavantika Gas is an active public limited company based in Indore, Madhya Pradesh, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 07 June 2006 (20+ years old) and is registered under CIN U40107MP2006PLC018684.
Aavantika Gas has 6 current directors and KMP:
- Pankaj Bhagat - Director
- Rakesh Kumar Jain - Additional Director
- Indrajit Dasgupta - Additional Director
- Anjana Sanjeeva - Director
- Sandeep Maheshwari - Additional Director
- Rajesh Jain - Cfo
The latest financial statements of Aavantika Gas on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 19 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Aavantika Gas is 23AAFCA9135J1ZO, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Aavantika Gas is U40107MP2006PLC018684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aavantika Gas has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Aavantika Gas was incorporated on 07 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
Aavantika Gas has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹44.98 Cr; the latest was in February 2018.
The peers of Aavantika Gas by revenue are Agp City Gas Private Limited, Green Gas Limited, Megha City Gas Distribution Private Limited, Haryana City Gas Distribution Limited, Konkan LNG Limited and 4 more, all in the Oil and Gas industry (Distribution and Transmission), with the same principal business activity (manufacture of gas, distribution of gaseous fuels).
Sandeep Maheshwari was appointed as Additional Director on 04 Feb 2025. Rakesh Kumar Jain was appointed as Additional Director on 15 Jan 2025. Indrajit Dasgupta was appointed as Additional Director on 30 Sep 2024. Aavantika Gas has 44 board changes on record in total.
Aavantika Gas can be reached through the website aglonline.net. Its registered office is in Indore, Madhya Pradesh, India.
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