MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MP-23-0000496
Avant Remedies Private Limited
Avant Remedies Private Limited - pharma in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.26 Cr
▲ 30% YoY
Net profit · FY 2023
₹73,895
Net margin 0.3%
EBITDA · FY 2023
₹3.12 Lakh
EBITDA margin 1.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Satisfied ₹6 Lakh
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
About Avant Remedies Private Limited
Data last updated:
Avant Remedies Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 18 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U24100MP2015PTC034584. Its GSTIN is 23AANCA7375A1ZT (Madhya Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subhash Chand Jain and Apurv Jain.
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 Shop No.1 Near Ajanta Bus Service Petrol Pump, Indore Ujjain Old Bypass Road, Madhya Pradesh, India – 453551.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.26 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹73,895 (net margin 0.3%) and EBITDA of ₹3.12 Lakh (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 102% over three years and 47% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹6 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
Avant Remedies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0000496). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24100MP2015PTC034584
Registration Number 034584
Incorporation Date 18 August 2015
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0000496
Key People
Subhash Chand Jain Director Apurv Jain Director Recognitions & Rankings of Avant Remedies
Contact details
Avant Remedies Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.1 Near Ajanta Bus Service Petrol Pump, Indore Ujjain Old Bypass Road, Madhya Pradesh, India – 453551
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Avant Remedies Private Limited, buy the company report.
Comprehensive company report
Avant Remedies 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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Business activity
The main business activity of Avant Remedies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avant Remedies Private Limited, buy the company report.
Financials of Avant Remedies Private Limited
FY 2023 filings availableAvant Remedies Private Limited reported revenue of ₹2.26 Cr (up 30% YoY) for FY 2023.
Revenue · FY 2023
₹2.26 Cr ▲ 30%
Net profit · FY 2023
₹73,895 margin 0.3%
EBITDA · FY 2023
₹3.12 Lakh margin 1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 102%
5 years · compounded
▲ 47%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 65%
5 years · compounded
▲ 41%
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 30% growth in the latest year. EBITDA rose 66% 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 | ₹2.26 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹73,895 | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Avant Remedies Private Limited, buy the company report.
Board of directors of Avant Remedies Private Limited
Avant Remedies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Chand Jain | Director | 18 Aug 2015 | 11 Years 2 Months | Current |
| Apurv Jain | Director | 18 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Avant Remedies Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fluense Healthcare Private Limited | ₹2.27 Cr (FY 2024) | -2.0% | Pune, Maharashtra, India | |||
| Avant Remedies Private Limitedthis company | ₹2.26 Cr (FY 2023) | ₹73,895 | 0.3% | 30.0% | Indore, Madhya Pradesh, India | |
| Bsure Pharmaceuticals Private Limited | ₹2.26 Cr (FY 2025) | 54.0% | Patna, Bihar, India | |||
| Likameda Pharmaceuticals Private Limited | ₹2.26 Cr (FY 2025) | 36.0% | Ahmedabad, Gujarat, India | |||
| Auster Lifescience India Private Limited | ₹2.26 Cr (FY 2023) | -19.0% | Thrissur, Kerala, India | |||
| Mediex Healthcare Private Limited | ₹2.25 Cr (FY 2023) | 44.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Avant Remedies Private Limited, buy the company report.
Auditor
Avant Remedies Private Limited is audited by R P L A N S & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R P L A N S & ASSOCIATES | FY 2023 | 004553C |
Shareholding
The shareholding of Avant Remedies 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 Avant Remedies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
₹6 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2022 | 100649601 | State Bank of India | ₹25 Lakh | Open | |
| 06 Nov 2020 | 100395817 | Idbi Bank Limited | ₹6 Lakh | Satisfied |
To see the full charge records of Avant Remedies Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Avant Remedies Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sirmaur, Himachal Pradesh | Cheque dishonour complaint | Filed against the company by M/S Caspian Pharmaceuticals Through Vidur Singla Proprietor | Disposed |
To see the full case history of Avant Remedies Private 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 Avant Remedies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avant Remedies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AANCA7375A1ZT | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avant Remedies Private Limited, buy the company report.
Recent activity
Avant Remedies Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Apurv Jain was appointed as Director on 18 Aug 2015.
AGM
Avant Remedies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Avant Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.
Charges
A charge registered on 06 Nov 2020 via Charge ID 100395817 with Idbi Bank Limited was fully satisfied on 09 Dec 2022.
Charges
A charge with State Bank Of India amounted to Rs. 25.00 Lakh with Charge ID 100649601 was registered on 06 Dec 2022.
Charges
A charge with Idbi Bank Limited amounted to Rs. 6.00 Lakh with Charge ID 100395817 was registered on 06 Nov 2020.
Appointed
Apurv Jain was appointed as Director.
Appointed
Subhash Chand Jain was appointed as Director.
Incorporation
18 Aug 2015
Avant Remedies Private Limited was registered on 18 Aug 2015 with Roc Gwalior & aged 11 years 2 months as per MCA records.
Frequently asked questions
Avant Remedies is an active private limited company based in Indore, Madhya Pradesh, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 18 August 2015 (11+ years old) and is registered under CIN U24100MP2015PTC034584.
Avant Remedies has 2 current directors:
- Subhash Chand Jain - Director
- Apurv Jain - Director
The latest financial statements of Avant Remedies 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 FY 2016 are in the company report.
The GSTIN of Avant Remedies is 23AANCA7375A1ZT, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Avant Remedies is U24100MP2015PTC034584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avant Remedies has 1 court case on record: 1 filed against it.
Avant Remedies was incorporated on 18 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Avant Remedies by revenue are Fluense Healthcare Private Limited, Bsure Pharmaceuticals Private Limited, Likameda Pharmaceuticals Private Limited, Auster Lifescience India Private Limited, Mediex Healthcare Private Limited, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Apurv Jain was appointed as Director on 18 Aug 2015. Subhash Chand Jain was appointed as Director on 18 Aug 2015.
Yes, Avant Remedies is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0000496).
The registered office of Avant Remedies is at Shop No.1 Near Ajanta Bus Service Petrol Pump, Indore Ujjain Old Bypass Road, Madhya Pradesh, India – 453551.
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