About Avani Projects and Infrastructure Limited
Data last updated:
Avani Projects and Infrastructure Limited is a public limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 April 2005.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45201WB2005PLC102702. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹115.25 Cr and a paid-up capital of ₹99.43 Cr. It is led by directors including Anirudh Daga (Managing Director) and Bhaskar Biswas.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 59A Chowringhee Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2017, the company reported a revenue of ₹13.77 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹9.55 Cr (net margin -69.3%) and EBITDA of -₹1.75 Cr (EBITDA margin -12.7%).
The company has about 8 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
As per MCA filings, the company has open charges of ₹395.92 Cr and satisfied charges of ₹625.29 Cr on record. Court records list 72 cases involving the company, including 21 filed by the company and 51 filed against it; 20 cases are pending. The company has 13 deals on record (7 secondary share transfers, 6 funding rounds), with disclosed funding of ₹247.1 Cr; the latest was in May 2014. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 2 smaller; the largest is Clinvent Real Estate Private Limited with revenue of ₹14.74 Cr.
The last known website on record is avaniestates.com.
Company details
CIN history
Avani Projects and Infrastructure has one previous CIN (Corporate Identification Number): U45201WB2005PTC102702. The current CIN is U45201WB2005PLC102702, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201WB2005PLC102702 | Current |
| U45201WB2005PTC102702 | Previous |
Contact details
Avani Projects and Infrastructure Limited's registered office is in Kolkata, West Bengal. Its website is avaniestates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address59A Chowringhee Road, Kolkata, West Bengal, India – 700020
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Avani Projects and Infrastructure 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 Avani Projects and Infrastructure 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 Avani Projects and Infrastructure Limited, buy the company report.
Financials of Avani Projects and Infrastructure Limited
FY 2017 filings availableAvani Projects and Infrastructure Limited reported revenue of ₹13.77 Cr (down 74% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 74% in the latest year. EBITDA fell 106% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹13.77 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.75 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹9.55 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -12.7% | ||
| Net Profit Margin | -69.3% | ||
| 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 | |||
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| Receivable Days | |||
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| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Avani Projects and Infrastructure Limited, buy the company report.
Board of directors of Avani Projects and Infrastructure Limited
Avani Projects and Infrastructure has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anirudh Daga Also directs: Avani Homes Pvt. Ltd. | Managing Director | 01 Jul 2006 | 20 Years 3 Months | As last reported |
| Bhaskar Biswas Also directs: Foreshore Projects Private Limtied, Estin Tieup Private Limited, Caslyn Tradecon Private Limited and 4 more | Director | 25 Sep 2014 | 12 Years 0 Months | As last reported |
| Biswadeep Ganguly | Director | 30 Jun 2009 | 17 Years 3 Months | As last reported |
Peer comparison
Avani Projects and Infrastructure Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Clinvent Real Estate Private Limited | ₹14.74 Cr (FY 2025) | 259.0% | Mumbai, Maharashtra, India | |||
| Kanchanjungha Agro Products Private Limited | ₹14.74 Cr (FY 2025) | 221.0% | Jalpaiguri, West Bengal, India | |||
| S Chand Properties Private Limited | ₹14.71 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Svarna Infrastructure & Builders Private Limited | ₹14.71 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Avani Projects and Infrastructure Limitedthis company | ₹13.77 Cr (FY 2017) | -₹9.55 Cr | -69.3% | -74.0% | 8 | Kolkata, West Bengal, India |
To see the full peer comparison of Avani Projects and Infrastructure Limited, buy the company report.
Auditor
Avani Projects and Infrastructure Limited is audited by CHOPRA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHOPRA & CO | FY 2017 | 308035E |
Shareholding
The shareholding of Avani Projects and Infrastructure Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avani Projects and Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2015 | 10593225 | Reliance Home Finance Limited | ₹50 Cr | Open | |
| 30 Jun 2015 | 10578158 | Reliance Capital Ltd | ₹278 Cr | Open | |
| 21 Mar 2013 | 10425628 | State Bank of India | ₹67 Cr | Open | |
| 28 Sep 2012 | 10377734 | Reliance Capital Ltd | ₹92.37 Lakh | Open | |
| 27 Feb 2015 | 10554814 | Reliance Capital Ltd | ₹5.37 Cr | Satisfied |
To see the full charge records of Avani Projects and Infrastructure Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Avani Projects and Infrastructure Limited has 13 deals on record (7 secondary share transfers, 6 funding rounds), with disclosed funding of ₹247.1 Cr; the latest was in May 2014.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Niyati Estates & Investments Pvt. Ltd. , Narayani Nivas Private Limited, Amma Realty Private Limited Seller: Adone Hotels & Hospitality Limited , 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Seller: Venus Commodeal Private Limited , an individual |
| Jun 2012 | Funding round | ₹185 Cr | Investors: Subhraj Traders Pvt Ltd , Adone Hotels & Hospitality Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Avani Projects Private Limited, Shree Kartikeya Dealcom Private Limited , Subhraj Traders Pvt Ltd Seller: Avani Towers Pvt. Ltd. , Avani Griha Nirman Private Limited, Mayur Appartments Pvt. Ltd. , an individual |
| Mar 2011 | Funding round | ₹10.1 Cr | Investors: Shree Kartikeya Dealcom Private Limited , Basudev Tie Up Pvt Ltd , Subhraj Traders Pvt Ltd |
To see the full deal history of Avani Projects and Infrastructure Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avani Projects and Infrastructure Limited has 72 court cases on record: 21 filed by Avani Projects and Infrastructure, 51 filed against it. 20 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 33 | 19 |
| High courts | 29 | 17 | 1 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 72)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Infosoft Global Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Moonlight Tradelinks Private Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Juliet Merchants Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Sesa Minerals Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Sesa International Limited | Pending |
To see the full case history of Avani Projects and Infrastructure Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avani Projects and Infrastructure Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avani Projects and Infrastructure has 7 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avani Lakeside Private Limited | U45200WB2006PTC112154 | |
| Foreshore Projects Private Limtied | U45400WB2007PTC114733 | |
| Estin Tieup Private Limited | U51109WB2005PTC103193 | |
| Caslyn Tradecon Private Limited | U51109WB2005PTC103196 | |
| Adone Hotels & Hospitality Limited | U55101DL2006PLC154220 | |
| Oxford Facilities Management | U70102WB2010NPL146580 |
To see the full group structure of Avani Projects and Infrastructure Limited, buy the company report.
Employees & EPFO
Avani Projects and Infrastructure Limited has a workforce of 8 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Avani Projects and Infrastructure 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 Avani Projects and Infrastructure Limited, buy the company report.
Recent activity
Avani Projects and Infrastructure Limited has 16 board changes on record since 2006: 3 appointments and 13 cessations. The latest: Bhaskar Biswas ceased to be Additional Director on 30 Sep 2014.
46 earlier events are in the company report.
Frequently asked questions
Avani Projects and Infrastructure is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Avani Projects and Infrastructure is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 April 2005 and is registered under CIN U45201WB2005PLC102702. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avani Projects and Infrastructure has 3 current directors:
- Anirudh Daga - Managing Director
- Bhaskar Biswas - Director
- Biswadeep Ganguly - Director
The latest financial statements of Avani Projects and Infrastructure on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avani Projects and Infrastructure is U45201WB2005PLC102702. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avani Projects and Infrastructure has open charges of ₹395.92 Cr and satisfied charges of ₹625.29 Cr as per latest MCA filings.
Avani Projects and Infrastructure has 72 court cases on record: 21 filed by the company and 51 filed against it. 20 are pending. Most are in the district courts.
Avani Projects and Infrastructure was incorporated on 11 April 2005. It is registered with the Registrar of Companies, Kolkata.
Avani Projects and Infrastructure has 13 deals on record (7 secondary share transfers, 6 funding rounds), with disclosed funding of ₹247.1 Cr; the latest was in May 2014.
The peers of Avani Projects and Infrastructure by revenue are Clinvent Real Estate Private Limited, Kanchanjungha Agro Products Private Limited, S Chand Properties Private Limited, Svarna Infrastructure & Builders 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).
Bhaskar Biswas ceased to be Additional Director on 30 Sep 2014. Bhaskar Biswas was appointed as Director on 25 Sep 2014. Deepak Kumar Daga ceased to be Additional Director on 25 Sep 2014. Avani Projects and Infrastructure has 16 board changes on record in total.