About Avantha Holdings Limited
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Avantha Holdings Limited is a public limited company based in New Delhi, Delhi, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 29 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U67120DL1998PLC198627. Its GSTIN is 07AABCB6134E1Z3 (Delhi). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹515.87 Cr and a paid-up capital of ₹4.55 Cr. It was formerly known as Newquest Corporation Private Limited and Bilt Investments Limited. It is led by directors including Chiranjiv Singh (Whole-Time Director) and Bhuthalingam Hariharan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thapar House 124 Janpath, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹271.76 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹30.4 Cr (net margin 11.2%) and EBITDA of ₹114.2 Cr (EBITDA margin 42%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 24 subsidiaries and 2 joint ventures.
The company is associated with 2 brands: AHL-APR Sacks and Avantha Group. As per MCA filings, the company has open charges of ₹4,032.97 Cr and satisfied charges of ₹8,774.84 Cr on record. Court records list 83 cases involving the company, including 45 filed by the company and 38 filed against it; 31 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avanthagroup.com.
Company details
Name history
Avantha Holdings has undergone 3 name changes throughout its history. The company was previously known as Newquest Corporation Private Limited, Bilt Investments Limited, and Newquest Corporation Limited. The current legal name is Avantha Holdings Limited.
| Company Name | Status |
|---|---|
| Avantha Holdings Limited | Current |
| Newquest Corporation Private Limited | Previous |
| Bilt Investments Limited | Previous |
| Newquest Corporation Limited | Previous |
CIN history
Avantha Holdings has one previous CIN (Corporate Identification Number): U67120MH1998PLC115144. The current CIN is U67120DL1998PLC198627, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120DL1998PLC198627 | Current |
| U67120MH1998PLC115144 | Previous |
Contact details
Avantha Holdings Limited's registered office is in New Delhi, Delhi. Its website is avanthagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThapar House 124 Janpath, New Delhi, Delhi, India – 110001
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Avantha Holdings 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
Brands
Avantha Holdings operates two associated brands: AHL-APR Sacks and Avantha Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of multiwall paper sacks for packaging in industrial and agricultural sectors. | ahlaprsacks.com | |
| Limited information available | avanthagroup.com |
Business activity
The main business activities of Avantha Holdings are manufacturing and financial and insurance service. In detail, this covers wood and wood products, furniture, paper and paper products and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Avantha Holdings Limited, buy the company report.
Financials of Avantha Holdings Limited
FY 2024 filings availableAvantha Holdings Limited reported revenue of ₹271.76 Cr (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 36% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 43% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹114.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.4 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42% | ||||
| Net Profit Margin | 11.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Avantha Holdings Limited, buy the company report.
Board of directors and KMP of Avantha Holdings Limited
Avantha Holdings Limited currently reports 3 directors and 1 key managerial person. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhuthalingam Hariharan Also directs: Capsurance Insurance Brokers Limited | Director | 09 Jul 2010 | 16 Years 3 Months | Current |
| Chiranjiv Singh Also directs: TKS Developers Limited, Jhabua Power Investments Limited | Whole-Time Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Gautam Thapar Also directs: Sulochana Thapar Foundation | Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Sonia Niranjan Das Also directs: Ultima Hygiene Products Private Limited, Smi Newquest India Private Limited, Imerys Newquest (India) Private Limited and 4 more | Company Secretary | 29 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Avantha Holdings Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Holding Company, Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cheema Papers Limited | ₹294.77 Cr (FY 2025) | 8.0% | Kashipur, Uttarakhand, India | |||
| Dhanlakshmi Packaging Industries Private Limited | ₹294.75 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Worth Peripherals Limited | ₹280.43 Cr (FY 2025) | 14.0% | Madhya Pradesh, India | |||
| Avantha Holdings Limitedthis company | ₹271.76 Cr (FY 2025) | ₹30.4 Cr | 11.2% | -36.0% | 14 | New Delhi, Delhi, India |
| Tulsi Paper Mills Private Limited | ₹265.49 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| NS Papers Limited | ₹265.06 Cr (FY 2018) | 53.0% | Muzaffarnagar, Uttar Pradesh, India |
To see the full peer comparison of Avantha Holdings Limited, buy the company report.
Shareholding
The shareholding of Avantha Holdings 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 Avantha Holdings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2024 | 101045331 | Others | ₹122.16 Cr | Open | |
| 13 Feb 2019 | 100243449 | Others | ₹778 Cr | Open | |
| 01 May 2017 | 100113020 | Others | ₹230 Cr | Open | |
| 01 May 2017 | 100113040 | Others | ₹495 Cr | Open | |
| 05 Jan 2017 | 100073012 | Others | ₹315 Cr | Open |
To see the full charge records of Avantha Holdings Limited, buy the company report.
Total charge records: 86 View all charges
Legal cases
Avantha Holdings Limited has 83 court cases on record: 45 filed by Avantha Holdings, 38 filed against it. 31 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 14 | 16 |
| District courts | 27 | 21 | 8 |
| NCLAT | 13 | 0 | 7 |
| NCLT | 4 | 3 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Vistra Itcl (India) Limited and 1 other | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Taurus Investment Trust Company Ltd and Anr and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against NTPC Limited and 2 others | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by CG Power Solutions Ltd and Anr and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Taurus Investment Trust Company Ltd. Th. Chandrakant Gajane | Pending |
To see the full case history of Avantha Holdings 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
Avantha Holdings Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 80 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Vas Industrial Solutions LLP | |||
| Jayant Printery LLP |
To see the full MSME payment records of Avantha Holdings Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Avantha Holdings has 24 subsidiary companies, 2 joint ventures, and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| TKS Developers Limited | U15520HR1992PLC083299 | |
| Ultima Hygiene Products Private Limited | U21017HR2005PTC083657 | |
| Varun Prakashan Private Limited | U22121UP1989PTC010463 | |
| Gyanodaya Prakashan Private Limited | U22219UP1989PTC010382 | |
| Solaris Industrial Chemicals Limited | U24119HR2003PLC093051 | |
| K.P. Cement Mfg. Co. Private Limited | U26942CT2007PTC020227 |
To see the full group structure of Avantha Holdings Limited, buy the company report.
Employees & EPFO
Avantha Holdings Limited has a workforce of 14 employees on its EPFO records as of Apr 10, 2024, across 3 active EPFO establishments.
GST
Avantha Holdings has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCB6134E1Z3 | Delhi | Active | 01 Jul 2017 |
| 06AABCB6134E2Z4 | Haryana | Active | 01 Jul 2017 |
| 27AABCB6134E1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avantha Holdings Limited, buy the company report.
Recent activity
Avantha Holdings Limited has 23 board changes on record since 2007: 4 appointments and 19 cessations. The latest: Chiranjiv Singh ceased to be Director on 01 Jul 2020.
178 earlier events are in the company report.
News
Frequently asked questions
Avantha Holdings is an active public limited company based in New Delhi, Delhi, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 29 May 1998 (28+ years old) and is registered under CIN U67120DL1998PLC198627.
Avantha Holdings has 4 current directors and KMP:
- Chiranjiv Singh - Whole-Time Director
- Bhuthalingam Hariharan - Director
- Gautam Thapar - Director
- Sonia Niranjan Das - Company Secretary
The latest financial statements of Avantha Holdings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avantha Holdings is 07AABCB6134E1Z3, registered in Delhi. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 06AABCB6134E2Z4 (Haryana), 27AABCB6134E1Z1 (Maharashtra).
The CIN (Corporate Identification Number) of Avantha Holdings is U67120DL1998PLC198627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avantha Holdings has 83 court cases on record: 45 filed by the company and 38 filed against it. 31 are pending. Most are in the high courts.
Avantha Holdings was incorporated on 29 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Avantha Holdings by revenue are Cheema Papers Limited, Dhanlakshmi Packaging Industries Private Limited, Worth Peripherals Limited, Tulsi Paper Mills Private Limited, NS Papers Limited, all in the BFSI industry (Holding Company, Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Chiranjiv Singh ceased to be Director on 01 Jul 2020. Rajendra Kumar Mangal ceased to be CFO on 30 Jun 2020. Surendra Kumar Khandelwal ceased to be Whole-Time Director on 30 Jun 2020. Avantha Holdings has 23 board changes on record in total.
Avantha Holdings has 11 MSME Form 1 returns on record between 2019 and 2024, listing 80 overdue payments to 18 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Avantha Holdings can be reached through the website avanthagroup.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Avantha Holdings is at Thapar House 124 Janpath, New Delhi, Delhi, India – 110001.
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