About Aaveg Technology Private Limited
Data last updated:
Aaveg Technology Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 29 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31200MP2002PTC015415. Its GSTIN is 23AAFCA0805R1ZP (Madhya Pradesh).
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹7.49 Lakh. It is led by directors including Firoz Ahmed Qureshi and Najma Khan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Indore, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.63 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹18.99 Lakh (net margin 3.4%) and EBITDA of ₹59.51 Lakh (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹1.51 Cr and satisfied charges of ₹87 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aavegtech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSurvey No. 124/4/2, Gram Hasha Khedi, Indore, Madhya Pradesh, India – 453551
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Aaveg Technology Private Limited
The main business activity of Aaveg Technology is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aaveg Technology Private Limited FY 2025 filings available
Aaveg Technology Private Limited reported revenue of ₹5.63 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aaveg Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 8% growth in the latest year. EBITDA rose 246% 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 of Aaveg Technology Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹59.51 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.99 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 of Aaveg Technology Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aaveg Technology are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aaveg Technology Private Limited
Aaveg Technology Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Power Equipment Manufacturers, Process Machinery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hemkund Precision Engineering Private Limited | ₹5.67 Cr (FY 2018) | •••• | •••• | 37.0% | •••• | Bangalore, Karnataka, India |
| Lords Energy Engg Private Limited | ₹5.66 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Bangalore, Karnataka, India |
| GSL Exports Private Limited | ₹5.65 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ludhiana, Punjab, India |
| J.V. Machine Tools Private Limited | ₹5.65 Cr (FY 2025) | •••• | •••• | 130.0% | •••• | Alwar, Rajasthan, India |
| Desto Automation India Private Limited | ₹5.63 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Pune, Maharashtra, India |
| Aaveg Technology Private Limited this company | ₹5.63 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Indore, Madhya Pradesh, India |
| Panva Engineering Private Limited | ₹5.63 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Nashik, Maharashtra, India |
| Apcon Automation India Private Limited | ₹5.63 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | Bhiwadi, Rajasthan, India |
| Prag Electricals Pvt. Ltd. | ₹5.62 Cr (FY 2022) | •••• | •••• | -1.0% | •••• | Guwahati, Assam, India |
| Memphis Printing and Publishing Private Limited | ₹5.61 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kochi, Kerala, India |
| Capri Sales and Services Private Limited | ₹5.61 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Aaveg Technology by revenue in the Machinery and Equipment industry (Power Equipment Manufacturers, Process Machinery), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Aaveg Technology Private Limited
Aaveg Technology Private Limited is audited by Shreyans Nahar & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shreyans Nahar & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Aaveg Technology Private Limited
Aaveg Technology has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Firoz Ahmed Qureshi | Director | 29 Nov 2002 | 23 Years 10 Months | Current |
| Najma Khan | Director | 10 May 2024 | 2 Years 5 Months | Current |
| Faisal Nawaz Qureshi | Director | 29 Nov 2002 | 23 Years 10 Months | Current |
Ownership and Shareholding of Aaveg Technology Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aaveg Technology Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2024 | Hdfc Bank Limited | ₹6.25 Lakh | Open |
| 24 Feb 2023 | Others | ₹1.45 Cr | Open |
| 04 Mar 2006 | Others | ₹87 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Aaveg Technology Private Limited
Employment history and EPFO contributions of people linked to Aaveg Technology.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Aaveg Technology Private Limited
Aaveg Technology Private Limited has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Najma Khan ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Aaveg Technology Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Aaveg Technology Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aaveg Technology Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aaveg Technology Private Limited
Aaveg Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCA0805R1ZP | Madhya Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aaveg Technology Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aaveg Technology Private Limited
Aaveg Technology is an active private limited company based in Indore, Madhya Pradesh, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 29 November 2002 (24+ years old) and is registered under CIN U31200MP2002PTC015415.
Aaveg Technology reported revenue of ₹5.63 Cr for FY 2025 (up 8% YoY).
Aaveg Technology has 3 current directors:
- Firoz Ahmed Qureshi - Director
- Najma Khan - Director
- Faisal Nawaz Qureshi - Director
Aaveg Technology reported a net profit of ₹18.99 Lakh (net margin 3.4%) and EBITDA of ₹59.51 Lakh (EBITDA margin 10.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aaveg Technology is 17% over three years and 1% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aaveg Technology is 23AAFCA0805R1ZP, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Aaveg Technology is U31200MP2002PTC015415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aaveg Technology was incorporated on 29 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Aaveg Technology by revenue are Hemkund Precision Engineering Private Limited, Lords Energy Engg Private Limited, GSL Exports Private Limited, J.V. Machine Tools Private Limited, Desto Automation India Private Limited and 5 more, all in the Machinery and Equipment industry (Power Equipment Manufacturers, Process Machinery).
Najma Khan ceased to be Additional Director on 29 Sep 2024. Najma Khan was appointed as Director on 10 May 2024. Faisal Nawaz Qureshi was appointed as Director on 29 Nov 2002. Aaveg Technology has 4 board changes on record in total.
Aaveg Technology can be reached through the website aavegtech.com. Its registered office is in Indore, Madhya Pradesh, India.