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 11 cases involving the company, including 7 filed by the company. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹10.88 Cr; the latest was in February 2011. Its 10 peer companies in the Manufacturing industry (Leather) are compared by revenue, 5 larger and 5 smaller; the largest is Farinni Leather Private Limited with revenue of ₹59.72 Cr. 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 of Avanti Leathers Limited
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
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Business Activity of Avanti Leathers Limited
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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Avanti Leathers Limited FY 2024 filings available
Avanti 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) of Avanti Leathers Limited
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 of Avanti Leathers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 of Avanti Leathers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 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.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
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 |
Peer Comparison of Avanti Leathers Limited
Avanti Leathers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Leather). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Farinni Leather Private Limited | ₹59.72 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Kolkata, West Bengal, India |
| Iconium Leather Works Private Limited | ₹59 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Winner Nippon Leatherette Private Limited | ₹58.45 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Solan, Himachal Pradesh, India |
| Northern India Leather Cloth Manufacturing Company Private Limited | ₹56.35 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Pacific Leather Private Limited | ₹54.78 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Uttar Pradesh, India |
| Avanti Leathers Limited this company | ₹53.23 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Andhra Pradesh, India |
| Intouch Leather House India Private Limited | ₹52.5 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Haryana Leather Chemicals Limited Listed | ₹50.72 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Haryana, India |
| Jalandhar Leather (India) Limited | ₹50.7 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Punjab, India |
| Roj Leather Exports Private Limited | ₹45.72 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Tack Exim Private Limited | ₹45.05 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Avanti Leathers by revenue in the Manufacturing industry (Leather), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Avanti Leathers Limited
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 |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Avanti Leathers Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Avanti Leathers Limited
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 of Avanti Leathers Limited
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 |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Avanti Leathers Limited
Avanti Leathers Limited has 11 court cases on record: 7 filed by Avanti Leathers, 4 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
11
Filed by the company
7
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against State of Ap | Disposed |
| High Court for State of Telangana | Writ petition | Company is another party | Disposed |
| High Court of Andhra Pradesh | Writ petition | Company is another party | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Andhra Pradesh | Court case (COMPA) | Filed by the company | Disposed |
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Full case history
All 11 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Avanti Leathers Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
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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 at Avanti Leathers Limited
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%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Avanti Leathers Limited
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 for Avanti Leathers Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Avanti Leathers Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Avanti Leathers Limited
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 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Avanti Leathers Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Avanti Leathers Limited
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 reported revenue of ₹53.23 Cr for FY 2025 (down 55% YoY).
Avanti Leathers has 4 current directors:
- Vasudevarao Dhanekula - Managing Director
- Dhanekula Nanda Kishore - Director
- Ashok Kumar Aluri - Director
- Sreenivasa Reddy Maddala - Director
Avanti Leathers reported a net loss of ₹1.85 Cr (net margin -3.5%) and EBITDA of ₹2.04 Lakh (EBITDA margin 0%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avanti Leathers is -22% over three years and 15% over five years. In the latest year (FY 2025) revenue fell 55%. CAGR is the steady yearly rate that links the first and the last year.
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 11 court cases on record: 7 filed by the company.
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.
The peers of Avanti Leathers by revenue are Farinni Leather Private Limited, Iconium Leather Works Private Limited, Winner Nippon Leatherette Private Limited, Northern India Leather Cloth Manufacturing Company Private Limited, Pacific Leather Private Limited and 5 more, all in the Manufacturing industry (Leather).
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.