MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0283941
Avance Phytotherapies Private Limited - healthcare in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹47.29 Lakh
▼ 6% YoY
Net loss · FY 2023
₹23.35 Lakh
Net margin -49.4%
EBITDA · FY 2023
-₹25.23 Lakh
EBITDA margin -53.4%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.33 Lakh
Issued & subscribed
Company age
22 yrs
Est. 2004
Directors on board
3
As per MCA filings
Active GSTINs
1
of 2 registered
About Avance Phytotherapies Private Limited
Data last updated:
Avance Phytotherapies Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the ayurvedic products and services segment of the healthcare sector. It was incorporated on 10 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U73100GJ2004PTC044109. Its GSTIN is 24AAFCA2122D1ZI (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.33 Lakh. It is led by directors including Shivprakash Chinnappa (Managing Director) and Pundarikakshudu Kilambi.
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 is at 33 – 34 3rd Floor The Chambers Sarkhej – Gandhinagar Highway Road, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2023, the company reported a revenue of ₹47.29 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹23.35 Lakh (net margin -49.4%) and EBITDA of -₹25.23 Lakh (EBITDA margin -53.4%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 20% over five years.
Avance Phytotherapies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0283941). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avancephyto.com.
Company details
CIN U73100GJ2004PTC044109
Registration Number 044109
Incorporation Date 10 May 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0283941
Key People
Shivprakash Chinnappa Managing Director Pundarikakshudu Kilambi Director Harsh Shivprakash Rathnam Director Recognitions & Rankings of Avance Phytotherapies
Contact details
Avance Phytotherapies Private Limited's registered office is in Ahmedabad, Gujarat. Its website is avancephyto.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address33 – 34 3rd Floor The Chambers Sarkhej – Gandhinagar Highway Road, Ahmedabad, Gujarat, India – 380054
- IndustryHealthcare, Ayurvedic Products & Services
To see the full contact details of Avance Phytotherapies Private Limited, buy the company report.
Comprehensive company report
Avance Phytotherapies Private Limited - one report that includes everything
- 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
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Financials of Avance Phytotherapies Private Limited
FY 2024 filings availableAvance Phytotherapies Private Limited reported revenue of ₹47.29 Lakh (down 6% YoY) for FY 2023.
Revenue · FY 2023
₹47.29 Lakh ▼ 6%
Net loss · FY 2023
₹23.35 Lakh margin -49.4%
EBITDA · FY 2023
-₹25.23 Lakh margin -53.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 26%
5 years · compounded
▼ 20%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 6% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹47.29 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹25.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹23.35 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 | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -53.4% | ||||
| Net Profit Margin | -49.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Avance Phytotherapies Private Limited, buy the company report.
Board of directors of Avance Phytotherapies Private Limited
Avance Phytotherapies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pundarikakshudu Kilambi Also directs: Remedios De Hierbas Herbalive Ayurvedic Healthcare LLP | Director | 10 May 2004 | 22 Years 6 Months | Current |
| Harsh Shivprakash Rathnam Also directs: Apiqule Pharmachem LLP, Novelgenix Therapeutics Private Limited | Director | 11 Dec 2019 | 6 Years 11 Months | Current |
| Shivprakash Chinnappa Also directs: Apiqule Pharmachem LLP, Effistry Welness & Beauty Private Limited, Novelgenix Therapeutics Private Limited and 2 more | Managing Director | 10 May 2004 | 22 Years 6 Months | Current |
Auditor
Avance Phytotherapies Private Limited is audited by J N AJMERA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J N AJMERA & ASSOCIATES | FY 2023 | 157808W |
Shareholding
The shareholding of Avance Phytotherapies Private 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 Avance Phytotherapies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avance Phytotherapies Private Limited 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 Avance Phytotherapies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avance Phytotherapies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA2122D1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avance Phytotherapies Private Limited, buy the company report.
Recent activity
Avance Phytotherapies Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Harsh Shivprakash Rathnam was appointed as Director on 11 Dec 2019.
AGM
Avance Phytotherapies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avance Phytotherapies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Harsh Shivprakash Rathnam was appointed as Director.
Ceased
Karishma Vijaykumar Jain ceased to be Additional Director.
Ceased
Monika Kamalnain Verma ceased to be Additional Director.
Appointed
Pundarikakshudu Kilambi was appointed as Director.
Appointed
Shivprakash Chinnappa was appointed as Managing Director.
Incorporation
10 May 2004
Avance Phytotherapies Private Limited was registered on 10 May 2004 with Roc Ahmedabad & aged 22 years 6 months as per MCA records.
Frequently asked questions
Avance Phytotherapies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in ayurvedic products and services, within the healthcare industry. It was incorporated on 10 May 2004 (22+ years old) and is registered under CIN U73100GJ2004PTC044109.
Avance Phytotherapies has 3 current directors:
- Shivprakash Chinnappa - Managing Director
- Pundarikakshudu Kilambi - Director
- Harsh Shivprakash Rathnam - Director
The latest financial statements of Avance Phytotherapies 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 Avance Phytotherapies is 24AAFCA2122D1ZI, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Avance Phytotherapies is U73100GJ2004PTC044109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avance Phytotherapies was incorporated on 10 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Harsh Shivprakash Rathnam was appointed as Director on 11 Dec 2019. Karishma Vijaykumar Jain ceased to be Additional Director on 30 Nov 2019. Monika Kamalnain Verma ceased to be Additional Director on 12 Apr 2019. Avance Phytotherapies has 5 board changes on record in total.
Yes, Avance Phytotherapies is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0283941).
Avance Phytotherapies can be reached through the website avancephyto.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Avance Phytotherapies is at 33 – 34 3rd Floor The Chambers Sarkhej – Gandhinagar Highway Road, Ahmedabad, Gujarat, India – 380054.
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