MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-AP-02-0000786
Avanti Leathers Limited - manufacturing in Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.23 Cr
▼ 55% YoY
Net loss · FY 2025
₹1.85 Cr
Net margin -3.5%
EBITDA · FY 2025
₹2.04 Lakh
EBITDA margin 0%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹11.95 Cr
Issued & subscribed
Open charges
₹23.86 Cr
Satisfied ₹61.01 Cr
Company age
50 yrs
Est. 1976
Employees · EPFO
166
Provident fund records
About Avanti Leathers Limited
Data last updated:
Avanti Leathers Limited is a public limited company based in Andhra Pradesh, India. It operates in the leather goods segment of the manufacturing sector. It was incorporated on 17 March 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U18209AP1976PLC002007. Its GSTIN is 37AACCA0723F1Z7 (Andhra Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.95 Cr. It is led by directors including Vasudevarao Dhanekula (Managing Director) and Dhanekula Nanda Kishore.
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 Avanti Kambakkam Village Varadayapalem Andhra Pradesh, Andhra Pradesh, India – 517541.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.23 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹1.85 Cr (net margin -3.5%) and EBITDA of ₹2.04 Lakh (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 15% over five years.
The company has about 166 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.86 Cr and satisfied charges of ₹61.01 Cr on record. Court records list 17 cases involving the company, including 11 filed by the company and 6 filed against it. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹10.88 Cr; the latest was in February 2011. The company has 2 MSME Form 1 returns on record between 2021 and 2022, listing 22 overdue payments to 5 micro and small suppliers.
Avanti Leathers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-02-0000786). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avantiprara.in.
Company Details of Avanti Leathers Limited
CIN U18209AP1976PLC002007
Registration Number 002007
Incorporation Date 17 March 1976
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-AP-02-0000786
CIN History
Avanti Leathers has one previous CIN (Corporate Identification Number): L18209AP1976PLC002007. The current CIN is U18209AP1976PLC002007, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18209AP1976PLC002007 | Current |
| L18209AP1976PLC002007 | Previous |
Key People
Vasudevarao Dhanekula Managing Director Dhanekula Nanda Kishore Director Ashok Kumar Aluri Director Recognitions & Rankings of Avanti Leathers
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAvanti Kambakkam Village Varadayapalem Andhra Pradesh, Andhra Pradesh, India – 517541
- IndustryManufacturing, Leather Goods
Comprehensive company report
Avanti Leathers Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Business Activity
The main business activity of Avanti Leathers is manufacturing. In detail, this covers manufacture of leather and related products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 15 | Manufacture of leather and related products | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Avanti Leathers Limited
FY 2024 filings availableAvanti Leathers Limited reported revenue of ₹53.23 Cr (down 55% YoY) for FY 2025.
Revenue · FY 2025
₹53.23 Cr ▼ 55%
Net loss · FY 2025
₹1.85 Cr margin -3.5%
EBITDA · FY 2025
₹2.04 Lakh margin 0%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 55%
3 years · compounded
▼ 22%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 100%
3 years · compounded
▼ 83%
5 years · compounded
▼ 64%
Revenue fell 55% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 100% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹2.04 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹1.85 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 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0% | |
| Net Profit Margin | -3.5% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Avanti Leathers are in the company report.
: available in the company report
Board of Directors of Avanti Leathers Limited
Avanti Leathers has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanekula Nanda Kishore Also directs: Prara Footwear Private Limited, Prara Leathers Private Limited | Director | 12 Feb 2021 | 5 Years 8 Months | Current |
| Vasudevarao Dhanekula Also directs: Prara Footwear Private Limited, Dhanekula Organic Farms & Resorts LLP, Agilis Partners LLP and 2 more | Managing Director | 23 Sep 2017 | 9 Years 0 Months | Current |
| Ashok Kumar Aluri Also directs: Etico Chemicals LLP, Trioka Projects Private Limited, Etico Lifesciences Private Limited and 1 more | Director | 04 Apr 2020 | 6 Years 6 Months | Current |
| Sreenivasa Reddy Maddala | Director | 06 Dec 2017 | 8 Years 10 Months | Current |
Auditor Details
Avanti Leathers Limited is audited by Rao & Siva Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rao & Siva Associates | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹23.86 Cr
Satisfied charges
₹61.01 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Mar 2023 | Others | ₹4 Lakh | Open |
| 24 Sep 2021 | Others | ₹23.82 Cr | Open |
| 27 Jun 2019 | State Bank of India | ₹11 Cr | Satisfied |
| 15 Dec 2017 | Others | ₹17 Cr | Satisfied |
| 08 Jul 2017 | Others | ₹6.35 Cr | Satisfied |
Total charge records: 30 View all charges
Deals & Funding
Avanti Leathers Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹10.88 Cr; the latest was in February 2011.
Total deals
2
Funding rounds
2
Disclosed funding
₹10.88 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2011 | Funding round | ₹9.09 Cr | Investors: Triansu Resources Pvt Ltd , Anumolu Hi-Tec Promoter Private Limited , 2 individuals |
| Mar 2006 | Funding round | ₹1.79 Cr | Investors: Others - Avanti Leathers Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Avanti Leathers Limited has 17 court cases on record: 11 filed by Avanti Leathers, 6 filed against it. All cases are disposed.
Total cases
17
Filed by the company
11
Filed against the company
6
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 5 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Amravati | Insolvency matter | Filed against the company by Lifetime Associates Pvt Ltd | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Ap and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Disposed |
| High Court | Court case (COMPA) | Filed by the company | Disposed |
: available in 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
Avanti Leathers Limited has 2 MSME Form 1 returns on record between 2021 and 2022, listing 22 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Leather Care Chemi | •••• | •••• | •••• |
| Lexafin Impex | •••• | •••• | •••• |
| 09/02/2022 | •••• | •••• | •••• |
| Indus Chemie Exports Private Limited | •••• | •••• | •••• |
| Gee Gee Kay Private Limited | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Avanti Leathers Limited has a workforce of 166 employees as of Mar 29, 2024.
Employee count
166
Active EPFO establishments
1
Employee growth
55.14%
: available in the company report
Recent Activity
Avanti Leathers Limited has 21 board changes on record since 2008: 4 appointments and 17 cessations. The latest: Sadhu Sundar Mallela ceased to be Nominee Director on 29 Sep 2022.
AGM
Avanti Leathers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avanti Leathers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Charges
A charge with Others amounted to Rs. 0.04 Cr with Charge ID 100706697 was registered on 09 Mar 2023.
Ceased
Sadhu Sundar Mallela ceased to be Nominee Director.
Charges
A charge with Others of Rs. 23.82 Cr registered on 24 Sep 2021 with Charge ID 100490591 was modified on 06 Jul 2022.
Ceased
Ashok Kumar Aluri ceased to be Additional Director.
Ceased
Dhanekula Nanda Kishore ceased to be Additional Director.
Ceased
Opender Kumar Kaul ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 23.82 Cr with Charge ID 100490591 was registered on 24 Sep 2021.
Charges
A charge registered on 27 Jun 2019 via Charge ID 100282377 with State Bank Of India was fully satisfied on 20 Apr 2021.
Appointed
Dhanekula Nanda Kishore was appointed as Director.
Ceased
Rama Bandaru ceased to be Company Secretary.
75 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Avanti Leathers has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCA0723F1Z7 | Andhra Pradesh | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Avanti Leathers is an active public limited company based in Andhra Pradesh, India. The company works in leather goods, within the manufacturing industry. It was incorporated on 17 March 1976 (50+ years old) and is registered under CIN U18209AP1976PLC002007.
Avanti Leathers has 4 current directors:
- Vasudevarao Dhanekula - Managing Director
- Dhanekula Nanda Kishore - Director
- Ashok Kumar Aluri - Director
- Sreenivasa Reddy Maddala - Director
The latest financial statements of Avanti Leathers 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 Avanti Leathers is 37AACCA0723F1Z7, registered in Andhra Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Avanti Leathers is U18209AP1976PLC002007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avanti Leathers has 17 court cases on record: 11 filed by the company and 6 filed against it. Most are in the high courts.
Avanti Leathers was incorporated on 17 March 1976, making it 50+ years old. It is registered with the Registrar of Companies, Vijayawada.
Avanti Leathers has 2 deals on record (2 funding rounds), with disclosed funding of ₹10.88 Cr; the latest was in February 2011.
Sadhu Sundar Mallela ceased to be Nominee Director on 29 Sep 2022. Ashok Kumar Aluri ceased to be Additional Director on 30 Nov 2021. Dhanekula Nanda Kishore ceased to be Additional Director on 30 Nov 2021. Avanti Leathers has 21 board changes on record in total.
Yes, Avanti Leathers is registered as a medium enterprise under Udyam registration (number: UDYAM-AP-02-0000786).
Avanti Leathers has 2 MSME Form 1 returns on record between 2021 and 2022, listing 22 overdue payments to 5 micro and small suppliers. The latest return was filed on 25 May 2022.