About Avance Polytech Private Limited
Data last updated:
Avance Polytech Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the plastic-based products segment of the manufacturing sector. It was incorporated on 20 July 2010.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24233GJ2010PTC061686. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹40 Lakh and a paid-up capital of ₹36 Lakh. It was led by directors Ravish Avantinath Thakkar and Purnimaben Avantinath Thakkar.
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 Ahmedabad, Gujarat.
As per MCA filings, the company has satisfied charges of ₹1.73 Cr on record.
The last known website on record is avancepolytech.com.
Company details
Contact details
Avance Polytech Private Limited's registered office is in Ahmedabad, Gujarat. Its website is avancepolytech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 44 Third Floor Pariseema Complex Opp Ifc Bhavan Opp. Vaishali Complex C.G. Road Navran, Gpura, Ahmedabad, Gujarat, India – 380009
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Avance Polytech Private 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
Financials of Avance Polytech Private Limited
FY 2024 filings availableAvance Polytech Private Limited reported revenue of ₹3,999 (up 4962% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 Avance Polytech Private Limited, buy the company report.
Board of directors of Avance Polytech Private Limited
Avance Polytech 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 |
|---|---|---|---|---|
| Ravish Avantinath Thakkar Also directs: Avance Polytech LLP, Brio Solar Private Limited, Stimulus Solar Private Limited and 1 more | Director | 20 Jul 2010 | 16 Years 3 Months | As last reported |
| Purnimaben Avantinath Thakkar | Director | 20 Jul 2010 | 16 Years 3 Months | As last reported |
Peer comparison
Avance Polytech Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Krivisha Industries Private Limited | ₹4,610 (FY 2024) | Sangli, Maharashtra, India | ||||
| Tansai Green Private Limited | ₹4,500 (FY 2025) | Nagpur, Maharashtra, India | ||||
| Bhayani Plastic India Private Limited | ₹4,236 (FY 2024) | 4.0% | Chennai, Tamil Nadu, India | |||
| Kush Plastics Private Limited | ₹4,085 (FY 2025) | -25.0% | New Delhi, Delhi, India | |||
| Fine Polycraft Private Limited | ₹4,000 (FY 2025) | Aurangabad, Maharashtra, India | ||||
| Avance Polytech Private Limitedthis company | ₹3,999 (FY 2024) | 4962.0% | Ahmedabad, Gujarat, India | |||
| Diya Plastic Manufacturing Private Limited | ₹3,750 (FY 2016) | -6.0% | Kolkata, West Bengal, India | |||
| Akshay Plastic Industries Pvt Ltd | ₹3,550 (FY 2025) | -80.0% | Kolkata, West Bengal, India | |||
| Indopet Polyplast Private Limited | ₹2,966 (FY 2025) | Kolkata, West Bengal, India | ||||
| Solidaire Composites Private Limited | ₹2,930 (FY 2020) | 117.0% | Thane, Maharashtra, India | |||
| Venu Polymers (India) Private Ltd | ₹2,876 (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Avance Polytech Private Limited, buy the company report.
Auditor
Avance Polytech Private Limited is audited by NALIN K THAKKAR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NALIN K THAKKAR & CO | FY 2019 | 116546W |
Shareholding
The shareholding of Avance Polytech Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avance Polytech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2012 | 10351649 | Central Bank of India | ₹1.73 Cr | Satisfied |
To see the full charge records of Avance Polytech Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Avance Polytech 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 Polytech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avance Polytech has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avance Polytech Private Limited, buy the company report.
Recent activity
Avance Polytech Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Priyanshu Kumar Prabhat Kumar Jha ceased to be Director on 30 Aug 2013.
Frequently asked questions
Avance Polytech has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Avance Polytech was a private limited company based in Ahmedabad, Gujarat, India. The company worked in plastic-based products, within the manufacturing industry. It was incorporated on 20 July 2010 and is registered under CIN U24233GJ2010PTC061686. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Avance Polytech is U24233GJ2010PTC061686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avance Polytech had 2 directors:
- Ravish Avantinath Thakkar - Director
- Purnimaben Avantinath Thakkar - Director
Avance Polytech was incorporated on 20 July 2010. It is registered with the Registrar of Companies, Ahmedabad.
Avance Polytech can be reached through the website avancepolytech.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Avance Polytech is at A – 44 Third Floor Pariseema Complex Opp Ifc Bhavan Opp. Vaishali Complex C.G. Road Navran, Gpura, Ahmedabad, Gujarat, India – 380009.
The latest financial statements of Avance Polytech 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.
No. Avance Polytech has 1 GST registration on record and it is cancelled or inactive.
Avance Polytech operated in the manufacturing industry, in the plastic-based products segment.
The peers of Avance Polytech by revenue are Krivisha Industries Private Limited, Tansai Green Private Limited, Bhayani Plastic India Private Limited, Kush Plastics Private Limited, Fine Polycraft Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
