Avartan Broking Solutions Limited
About Avartan Broking Solutions Limited
Data last updated:
Avartan Broking Solutions Limited was a public limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the retail trading segment of the trading and commerce sector. It was incorporated on 22 April 2013.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U74900WB2013PLC192528.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Vikash Sharma and Prosenjit Das.
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 was at 13B Bidhan Sarani Room No – 10, Kolkata, West Bengal, India – 700006.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.22 Lakh, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹3,565 (net margin 1.1%) and EBITDA of ₹3,222 (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 10% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Avartan Broking Solutions Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address13B Bidhan Sarani Room No – 10, Kolkata, West Bengal, India – 700006
- IndustryTrading, Retail Trading, Retailers
To see the full contact details of Avartan Broking Solutions 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 activity of Avartan Broking Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Avartan Broking Solutions Limited, buy the company report.
Financials of Avartan Broking Solutions Limited
FY 2023 filings availableAvartan Broking Solutions Limited reported revenue of ₹3.22 Lakh (up 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 7% 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 |
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| EBITDA | ₹3,222 | ||||
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| Net Profit (PAT) | ₹3,565 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Avartan Broking Solutions Limited, buy the company report.
Board of directors of Avartan Broking Solutions Limited
Avartan Broking Solutions has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikash Sharma | Director | 15 Dec 2022 | 3 Years 10 Months | As last reported |
| Prosenjit Das | Director | 28 Mar 2019 | 7 Years 6 Months | As last reported |
| Mallika Das Also directs: Gajrup Enclave Private Limited | Director | 28 Mar 2019 | 7 Years 6 Months | As last reported |
Peer comparison
Avartan Broking Solutions Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Milagro Beauty Private Limited | ₹3.22 Lakh (FY 2025) | 89.0% | New Delhi, Delhi, India | |||
| Hav Enterprises Private Limited | ₹3.22 Lakh (FY 2017) | -28.0% | Jaipur, Rajasthan, India | |||
| Cosmotec Medicaments Private Limited | ₹3.22 Lakh (FY 2024) | -92.0% | New Delhi, Delhi, India | |||
| Jaso Fashions Private Limited | ₹3.22 Lakh (FY 2023) | Ernakulam, Kerala, India | ||||
| Arnav Marine Services Private Limited | ₹3.22 Lakh (FY 2023) | -79.0% | Mumbai, Maharashtra, India | |||
| Avartan Broking Solutions Limitedthis company | ₹3.22 Lakh (FY 2023) | ₹3,565 | 1.1% | 19.0% | Kolkata, West Bengal, India | |
| Rama Metals and Energy Private Limited | ₹3.22 Lakh (FY 2025) | -38.0% | Bilaspur, Chhattisgarh, India | |||
| CLS Tradex Private Limited | ₹3.22 Lakh (FY 2025) | -48.0% | New Delhi, Delhi, India | |||
| Babashiv Bio Technology Plant Private Limited | ₹3.21 Lakh (FY 2021) | 118.0% | Etah, Uttar Pradesh, India | |||
| Avni Securities Private Limited | ₹3.21 Lakh (FY 2019) | 6.0% | New Delhi, Delhi, India | |||
| Dhani Pharmaceuticals Private Limited | ₹3.21 Lakh (FY 2021) | -76.0% | Sangareddy, Telangana, India |
To see the full peer comparison of Avartan Broking Solutions Limited, buy the company report.
Auditor
Avartan Broking Solutions Limited is audited by M/S G.C. Mukherjee & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S G.C. Mukherjee & Co | FY 2017 | 316043E |
Shareholding
The shareholding of Avartan Broking Solutions Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avartan Broking Solutions Limited, buy the company report.
Legal cases
Avartan Broking Solutions Limited has 2 court cases on record: 2 filed by Avartan Broking Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Avartan Broking Solutions 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 Avartan Broking Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avartan Broking Solutions has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Avartan Broking Solutions Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avartan Broking Solutions Limited has 10 board changes on record since 2015: 3 appointments and 7 cessations. The latest: Reshmi Sen ceased to be Director on 15 Dec 2022.
1 earlier event is in the company report.
Frequently asked questions
Avartan Broking Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Avartan Broking Solutions was a public limited company based in Kolkata, West Bengal, India. The company worked in retail trading, within the trading industry. It was incorporated on 22 April 2013 and is registered under CIN U74900WB2013PLC192528. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Avartan Broking Solutions was incorporated on 22 April 2013. It is registered with the Registrar of Companies, Kolkata.
Avartan Broking Solutions had 3 directors:
- Vikash Sharma - Director
- Prosenjit Das - Director
- Mallika Das - Director
The CIN (Corporate Identification Number) of Avartan Broking Solutions is U74900WB2013PLC192528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Avartan Broking Solutions is at 13B Bidhan Sarani Room No – 10, Kolkata, West Bengal, India – 700006.
The latest financial statements of Avartan Broking Solutions 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 2015 are in the company report.
Avartan Broking Solutions operated in the trading industry, in the retail trading segment.
The peers of Avartan Broking Solutions by revenue are Milagro Beauty Private Limited, Hav Enterprises Private Limited, Cosmotec Medicaments Private Limited, Jaso Fashions Private Limited, Arnav Marine Services Private Limited and 5 more, all in the same principal business activity (retail trading).
Avartan Broking Solutions has 2 court cases on record: 2 filed by the company.
Reshmi Sen ceased to be Director on 15 Dec 2022. Vikash Sharma was appointed as Director on 15 Dec 2022. Anil Kumar Joshi ceased to be Director on 28 Mar 2019. Avartan Broking Solutions has 10 board changes on record in total.