About Avantha Agritech Limited
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Avantha Agritech Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Ballarpur Industries Limited. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 07 February 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U36999DL1989PLC034942. The company has 6 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.08 Cr. It was formerly known as Bilt Tree Tech Private Limited and Bilt Tree Tech Limited. It is led by directors including Mukesh Chandra Madhukar and Sharad Sanjay Sen.
Its last annual general meeting (AGM) was held on 25 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Thapar House 124 Janpath, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2019, the company reported a revenue of ₹9.23 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹2.57 Cr (net margin -27.9%) and EBITDA of -₹1.89 Cr (EBITDA margin -20.5%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹65 Cr on record. Court records list 20 cases involving the company, including 13 filed by the company and 7 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bilt.com.
Company details
Name history
Avantha Agritech has undergone 2 name changes throughout its history. The company was previously known as Bilt Tree Tech Private Limited, and Bilt Tree Tech Limited. The current legal name is Avantha Agritech Limited.
| Company Name | Status |
|---|---|
| Avantha Agritech Limited | Current |
| Bilt Tree Tech Private Limited | Previous |
| Bilt Tree Tech Limited | Previous |
Contact details
Avantha Agritech Limited's registered office is in New Delhi, Delhi. Its website is bilt.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressThapar House 124 Janpath, New Delhi, Delhi, India – 110001
- IndustryAgriculture, Agri Support Services
To see the full contact details of Avantha Agritech 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 activities of Avantha Agritech are agriculture, forestry, fishing and professional, scientific and technical. In detail, this covers forestry and logging and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A2 | Forestry and logging | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Avantha Agritech Limited, buy the company report.
Financials of Avantha Agritech Limited
FY 2019 filings availableAvantha Agritech Limited reported revenue of ₹9.23 Cr (down 66% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years, including a 66% fall in the latest year. EBITDA fell 182% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.23 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.57 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.5% | ||||
| Net Profit Margin | -27.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Avantha Agritech Limited, buy the company report.
Board of directors of Avantha Agritech Limited
Avantha Agritech has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Chandra Madhukar | Director | 06 Aug 2014 | 12 Years 2 Months | Current |
| Sharad Sanjay Sen | Director | 17 Feb 2014 | 12 Years 8 Months | Current |
| Prakash Sundaraj Gopalan Also directs: Thapar Fractal Foundation | Director | 06 Aug 2014 | 12 Years 2 Months | Current |
Auditor
Avantha Agritech Limited is audited by D B M S & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D B M S & ASSOCIATES | FY 2019 | 026573N |
Shareholding
The shareholding of Avantha Agritech Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Avantha Agritech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2017 | 100078067 | Yes Bank Limited | ₹65 Cr | Satisfied |
To see the full charge records of Avantha Agritech Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Avantha Agritech Limited has 20 court cases on record: 13 filed by Avantha Agritech, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 2 | 0 |
| District courts | 5 | 5 | 0 |
| Supreme Court | 3 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
| Supreme Court | Court case (0104-Labour Matters : Matters relating to wages, bonus, ad-hoc, casual daily wages & their regularisation) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against an individual | Disposed |
To see the full case history of Avantha Agritech 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 Avantha Agritech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avantha Agritech Limited has a workforce of 34 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Avantha Agritech has 6 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avantha Agritech Limited, buy the company report.
Recent activity
Avantha Agritech Limited has 14 board changes on record since 2012: 3 appointments and 11 cessations. The latest: Munikote Ranganathasastry Chandramouli ceased to be Director on 21 Jul 2016.
7 earlier events are in the company report.
Frequently asked questions
Avantha Agritech is an active public limited company based in New Delhi, Delhi, India. The company works in agri support services, within the agriculture industry. It was incorporated on 07 February 1989 (37+ years old) and is registered under CIN U36999DL1989PLC034942.
Avantha Agritech has 3 current directors:
- Mukesh Chandra Madhukar - Director
- Sharad Sanjay Sen - Director
- Prakash Sundaraj Gopalan - Director
The latest financial statements of Avantha Agritech on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 25 September 2019. Year-wise statements from 2015 are in the company report.
No. Avantha Agritech has 6 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Avantha Agritech is U36999DL1989PLC034942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avantha Agritech has 20 court cases on record: 13 filed by the company and 7 filed against it. Most are in the high courts.
Avantha Agritech was incorporated on 07 February 1989, making it 37+ years old. It is registered with the Registrar of Companies, Delhi.
Munikote Ranganathasastry Chandramouli ceased to be Director on 21 Jul 2016. Gautam Thapar ceased to be Additional Director on 18 Dec 2014. Mukesh Chandra Madhukar ceased to be Additional Director on 18 Dec 2014. Avantha Agritech has 14 board changes on record in total.
Avantha Agritech can be reached through the website bilt.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Avantha Agritech is at Thapar House 124 Janpath, New Delhi, Delhi, India – 110001.
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