Avean Engineering Private Limited
About Avean Engineering Private Limited
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Avean Engineering Private Limited is a private limited company based in Dharwad, Karnataka, India. It operates in the manufacturing segment of the fabrication and metalwork sector. It was incorporated on 07 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28999KA2019PTC129398. Its GSTIN is 29AASCA9101D1ZM (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kamaxi Digamber Vernekar and Saraswati Vernekar.
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 is at C/O Raikar R G Old Dsp Off Sangalikar House Maratha Colony, Dharwad, Karnataka, India – 580008.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.02 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹1.5 Lakh (net margin -29.8%) and EBITDA of -₹1.5 Lakh (EBITDA margin -29.8%).
The company has about 2 employees on its provident fund (EPFO) records.
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- Registered AddressC/O Raikar R G Old Dsp Off Sangalikar House Maratha Colony, Dharwad, Karnataka, India – 580008
- IndustryFabrication, Manufacturing, Metal Fabricated Products
- 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
- One PDF report, delivered after checkout
Business Activity of Avean Engineering Private Limited
The main business activity of Avean Engineering is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avean Engineering Private Limited FY 2023 filings available
Avean Engineering Private Limited reported revenue of ₹5.02 Lakh (down 62% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Avean Engineering Private Limited
Revenue fell 62% in the latest year. EBITDA fell 19% 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 Avean Engineering Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| 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 | -₹1.5 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.5 Lakh | •••• | •••• | •••• |
| 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 Avean Engineering Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -29.8% | •••• | •••• | •••• |
| Net Profit Margin | -29.8% | •••• | •••• | •••• |
| 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 Avean Engineering are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Avean Engineering Private Limited
Avean Engineering Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajbati Enterprises (OPC) Private Limited | ₹5.04 Lakh (FY 2023) | •••• | •••• | •••• | Vaishali, Bihar, India | |
| Nparam Landbase India Private Limited | ₹5.03 Lakh (FY 2025) | •••• | •••• | 37.0% | •••• | Jaipur, Rajasthan, India |
| Myrain Scientific Solutions Private Limited | ₹5.02 Lakh (FY 2022) | •••• | •••• | -79.0% | •••• | Bangalore, Karnataka, India |
| Deneb and Pollux Engineering and Restoration Private Limited | ₹5.02 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Sagar Tower Troops Private Limited | ₹5.02 Lakh (FY 2017) | •••• | •••• | -83.0% | •••• | Patna, Bihar, India |
| Avean Engineering Private Limited this company | ₹5.02 Lakh (FY 2023) | •••• | •••• | -62.0% | •••• | Dharwad, Karnataka, India |
| Life Plus Doors Private Limited | ₹5.01 Lakh (FY 2017) | •••• | •••• | -86.0% | •••• | Chennai, Tamil Nadu, India |
| Avior Conclave Private Limited | ₹5.01 Lakh (FY 2020) | •••• | •••• | 160.0% | •••• | Mumbai, Maharashtra, India |
| Kalhans Infrastructure Private Limited | ₹5 Lakh (FY 2022) | •••• | •••• | -93.0% | •••• | Lucknow, Uttar Pradesh, India |
| Brickluxe Real Estates Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | 46196.0% | •••• | Bhubaneswar, Odisha, India |
| Gandhar Enterprise Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | •••• | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Avean Engineering by revenue in the same principal business activity (Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Avean Engineering Private Limited
Avean Engineering has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamaxi Digamber Vernekar | Director | 25 Mar 2020 | 6 Years 6 Months | Current |
| Saraswati Vernekar | Director | 07 Nov 2019 | 6 Years 11 Months | Current |
Ownership and Shareholding of Avean Engineering Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Avean Engineering Private Limited
Avean Engineering Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Avean Engineering Private Limited
Avean Engineering Private Limited has a workforce of 2 employees as of Mar 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Avean Engineering Private Limited
Avean Engineering Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Ramadas Ganapati Raikar ceased to be Director on 29 Apr 2020.
Credit Ratings, Litigation & Regulatory Alerts for Avean Engineering Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avean Engineering Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avean Engineering Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Avean Engineering Private Limited
Avean Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA9101D1ZM | Karnataka | Active | 04 Mar 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avean Engineering Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avean Engineering Private Limited
Avean Engineering is an active private limited company based in Dharwad, Karnataka, India. The company works in manufacturing, within the fabrication industry. It was incorporated on 07 November 2019 (7+ years old) and is registered under CIN U28999KA2019PTC129398.
Avean Engineering reported revenue of ₹5.02 Lakh for FY 2023 (down 62% YoY).
Avean Engineering has 2 current directors:
- Kamaxi Digamber Vernekar - Director
- Saraswati Vernekar - Director
Avean Engineering reported a net loss of ₹1.5 Lakh (net margin -29.8%) and EBITDA of -₹1.5 Lakh (EBITDA margin -29.8%) for FY 2023, as per its filed financial statements.
The GSTIN of Avean Engineering is 29AASCA9101D1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Avean Engineering is U28999KA2019PTC129398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avean Engineering was incorporated on 07 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Avean Engineering by revenue are Rajbati Enterprises (OPC) Private Limited, Nparam Landbase India Private Limited, Myrain Scientific Solutions Private Limited, Deneb and Pollux Engineering and Restoration Private Limited, Sagar Tower Troops Private Limited and 5 more, all in the same principal business activity (Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities).
Ramadas Ganapati Raikar ceased to be Director on 29 Apr 2020. Kamaxi Digamber Vernekar was appointed as Director on 25 Mar 2020. Saraswati Vernekar was appointed as Director on 07 Nov 2019.
The registered office of Avean Engineering is at CO Raikar R G Old Dsp Off Sangalikar House Maratha Colony, Dharwad, Karnataka, India – 580008.
Avean Engineering has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.