Avancer Properties Private Limited
About Avancer Properties Private Limited
Data last updated:
Avancer Properties Private Limited was a private limited company based in Gurgaon, Haryana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 October 2003.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U45201HR2003PTC080550.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹31 Lakh. It was led by directors Gautam Kumar Bhartia and Madhur Kumar Khandelia.
Its last annual general meeting (AGM) was held on 26 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 86 Block – B Mayfield Garden Sector – 50 Gurgaon, Haryana, India – 122003.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.42 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.57 Cr (net margin 35.6%) and EBITDA of ₹2.08 Cr (EBITDA margin 47.1%).
As per MCA filings, the company had satisfied charges of ₹2.34 Cr on record.
Company details
CIN history
Avancer Properties has one previous CIN (Corporate Identification Number): U45201DL2003PTC122639. The current CIN is U45201HR2003PTC080550, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201HR2003PTC080550 | Current |
| U45201DL2003PTC122639 | Previous |
Contact details
Avancer Properties Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address86 Block – B Mayfield Garden Sector – 50 Gurgaon, Haryana, India – 122003
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Avancer Properties 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
Business activity
The main business activity of Avancer Properties is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Avancer Properties Private Limited, buy the company report.
Financials of Avancer Properties Private Limited
FY 2020 filings availableAvancer Properties Private Limited reported revenue of ₹4.42 Cr (up 1357483% YoY) for FY 2020.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.57 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.1% | ||||
| Net Profit Margin | 35.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Avancer Properties Private Limited, buy the company report.
Board of directors of Avancer Properties Private Limited
Avancer Properties has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Kumar Bhartia | Director | 23 Mar 2017 | 9 Years 7 Months | As last reported |
| Madhur Kumar Khandelia | Director | 23 Mar 2017 | 9 Years 7 Months | As last reported |
Peer comparison
Avancer Properties Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kalyani Agro-Farms Private Limited | ₹4.42 Cr (FY 2020) | 133.0% | Tamil Nadu, India | |||
| Avancer Properties Private Limitedthis company | ₹4.42 Cr (FY 2020) | ₹1.57 Cr | 35.6% | 1357483.0% | Gurgaon, Haryana, India | |
| Agarvanshi Aluminium and Infra Limited | ₹4.42 Cr (FY 2025) | -91.0% | Secunderabad, Telangana, India | |||
| Shanti Infra Development Private Limited | ₹4.42 Cr (FY 2025) | 16380.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Avancer Properties Private Limited, buy the company report.
Auditor
Avancer Properties Private Limited is audited by A K L R & CO LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K L R & CO LLP | FY 2020 | 319237E/N500083 |
Shareholding
The shareholding of Avancer Properties Private Limited 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 Avancer Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2006 | 10035208 | Allahabad Bank | ₹2.34 Cr | Satisfied |
To see the full charge records of Avancer Properties Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Avancer Properties 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 Avancer Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Avancer Properties Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avancer Properties Private Limited has 10 board changes on record since 2007: 2 appointments and 8 cessations. The latest: Gautam Kumar Bhartia ceased to be Additional Director on 16 Sep 2017.
3 earlier events are in the company report.
Frequently asked questions
Avancer Properties has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Avancer Properties was a private limited company based in Gurgaon, Haryana, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 October 2003 and is registered under CIN U45201HR2003PTC080550. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Avancer Properties was incorporated on 15 October 2003. It is registered with the Registrar of Companies, Delhi.
Avancer Properties had 2 directors:
- Gautam Kumar Bhartia - Director
- Madhur Kumar Khandelia - Director
The CIN (Corporate Identification Number) of Avancer Properties is U45201HR2003PTC080550. 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 Avancer Properties is at 86 Block – B Mayfield Garden Sector – 50 Gurgaon, Haryana, India – 122003.
The latest financial statements of Avancer Properties on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 26 December 2020. Year-wise statements from 2015 are in the company report.
Avancer Properties operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Avancer Properties by revenue are Kalyani Agro-Farms Private Limited, Agarvanshi Aluminium and Infra Limited, Shanti Infra Development Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Gautam Kumar Bhartia ceased to be Additional Director on 16 Sep 2017. Madhur Kumar Khandelia ceased to be Additional Director on 16 Sep 2017. Manav Periwal ceased to be Director on 01 Apr 2017. Avancer Properties has 10 board changes on record in total.
Avancer Properties has no open charges and satisfied charges of ₹2.34 Cr as per latest MCA filings.
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