Avani Estates Developers Limited
About Avani Estates Developers Limited
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Avani Estates Developers Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 17 February 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1993PLC018991.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹66.67 Lakh. It is led by directors including Leelaben Devraj Shah (Managing Director) and Dhiren Devraj Shah.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 318 Rave Course Tower Opp. Citi Bank Race Course, Vadodara, Gujarat, India – 390015.
As per the financials filed for FY 2020, the company reported a revenue of ₹85,658, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹11.59 Lakh and EBITDA of -₹25,996 (EBITDA margin -30.3%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 20% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Avani Estates Developers Limited's registered office is in Vadodara, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address318 Rave Course Tower Opp. Citi Bank Race Course, Vadodara, Gujarat, India – 390015
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Avani Estates Developers 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 Avani Estates Developers Limited
FY 2023 filings availableAvani Estates Developers Limited reported revenue of ₹85,658 (down 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 28% 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 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 | ₹85,658 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹25,996 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.59 Lakh | ||||
| Balance Sheet | |||||
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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 | -30.3% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Avani Estates Developers Limited, buy the company report.
Board of directors of Avani Estates Developers Limited
Avani Estates Developers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Leelaben Devraj Shah Also directs: Jayagauri Finance and Investment Private Limited | Managing Director | 17 Feb 1993 | 33 Years 8 Months | Current |
| Dhiren Devraj Shah | Director | 04 Jun 2016 | 10 Years 5 Months | Current |
| Mitul Ravji Shah | Director | 12 Feb 2026 | 0 Years 8 Months | Current |
Auditor
Avani Estates Developers Limited is audited by KRUNAL SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRUNAL SHAH & CO | FY 2019 | 127619W |
Shareholding
The shareholding of Avani Estates Developers 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 Avani Estates Developers Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avani Estates Developers 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 Avani Estates Developers 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 Avani Estates Developers Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avani Estates Developers Limited has 7 board changes on record since 1993: 4 appointments and 3 cessations. The latest: Mitul Ravji Shah was appointed as Director on 12 Feb 2026.
Frequently asked questions
Avani Estates Developers is an active public limited company based in Vadodara, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 17 February 1993 (33+ years old) and is registered under CIN U45201GJ1993PLC018991.
Avani Estates Developers has 3 current directors:
- Leelaben Devraj Shah - Managing Director
- Dhiren Devraj Shah - Director
- Mitul Ravji Shah - Director
The latest financial statements of Avani Estates Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avani Estates Developers is U45201GJ1993PLC018991. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avani Estates Developers was incorporated on 17 February 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mitul Ravji Shah was appointed as Director on 12 Feb 2026. Dhiren Devraj Shah ceased to be Additional Director on 27 Sep 2016. Dhiren Devraj Shah was appointed as Director on 04 Jun 2016. Avani Estates Developers has 7 board changes on record in total.
The registered office of Avani Estates Developers is at 318 Rave Course Tower Opp. Citi Bank Race Course, Vadodara, Gujarat, India – 390015.
Avani Estates Developers operates in the infrastructure and utilities industry, in the general construction services segment.
The compliance status of Avani Estates Developers is compliant as of 05 July 2026. The company is actively filing with the Registrar of Companies.
Avani Estates Developers can be reached at its registered office: 318 Rave Course Tower Opp. Citi Bank Race Course, Vadodara, Gujarat, India – 390015.
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