About Aveco Technologies Private Limited
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Aveco Technologies Private Limited is a private limited company based in Secunderabad, Telangana, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 12 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U51101TG1995PTC021984. Its GSTIN is 36AABCA6516H1ZV (Telangana). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.51 Cr. It was formerly known as Aveco Electronics Private Limited. It is led by directors Sandeep Jain (Managing Director) and Madhavi Jain.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Plot No. 19 1st Floor Akbar Road Thokatta Sikh Village, Secunderabad, Telangana, India – 500009.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.6 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹6.68 Lakh (net margin -256.9%) and EBITDA of -₹5.66 Lakh (EBITDA margin -217.6%). Revenue has declined at a compounded annual rate (CAGR) of 73% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹13.25 Cr on record. Court records list 20 cases involving the company, including 13 filed by the company and 7 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website avecoindia.com.
Company details
CIN history
Aveco Technologies has one previous CIN (Corporate Identification Number): U51101AP1995PTC021984. The current CIN is U51101TG1995PTC021984, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101TG1995PTC021984 | Current |
| U51101AP1995PTC021984 | Previous |
Contact details
Aveco Technologies Private Limited's registered office is in Secunderabad, Telangana. Its website is avecoindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 19 1st Floor Akbar Road Thokatta Sikh Village, Secunderabad, Telangana, India – 500009
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Aveco Technologies Private 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 Aveco Technologies 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 Aveco Technologies Private Limited, buy the company report.
Financials of Aveco Technologies Private Limited
FY 2021 filings availableAveco Technologies Private Limited reported revenue of ₹2.6 Lakh (down 89% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over five years, including a 89% fall in the latest year. EBITDA rose 80% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹5.66 Lakh | ||||
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| Net Profit (PAT) | -₹6.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -217.6% | ||||
| Net Profit Margin | -256.9% | ||||
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To see the full financial statements and ratios of Aveco Technologies Private Limited, buy the company report.
Board of directors of Aveco Technologies Private Limited
Aveco Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhavi Jain | Director | 17 Jan 2015 | 11 Years 9 Months | Current |
| Sandeep Jain Also directs: Liberty 21 Ventures Private Limited, Imagepro Private Limited | Managing Director | 12 Oct 1995 | 31 Years 0 Months | Current |
Auditor
Aveco Technologies Private Limited is audited by Sekhar & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sekhar & Co. | FY 2016 |
Shareholding
The shareholding of Aveco Technologies Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Aveco Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2009 | 10159651 | Corporation Bank | ₹9 Cr | Satisfied | |
| 13 Dec 2006 | 10057571 | Citibank N.A | ₹2.25 Cr | Satisfied | |
| 21 Aug 2006 | 10017510 | Citibank N.A | ₹2 Cr | Satisfied |
To see the full charge records of Aveco Technologies Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Aveco Technologies Private Limited has 20 court cases on record: 13 filed by Aveco Technologies, 7 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 4 | 1 |
| High courts | 7 | 2 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Compuage Infocom Ltd. | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against Hi-Tech Solutions | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Nec India Private Ltd | Disposed |
| High Court, TELANGANA | Appeal | Filed by the company against The State of Telangana and 2 Others and 2 others | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Aveco Technologies Private 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 Aveco Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aveco Technologies Private Limited has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Aveco Technologies has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCA6516H1ZV | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aveco Technologies Private Limited, buy the company report.
Recent activity
Aveco Technologies Private Limited has 6 board changes on record since 1995: 2 appointments and 4 cessations. The latest: Madhavi Jain ceased to be Additional Director on 30 Sep 2015.
6 earlier events are in the company report.
Frequently asked questions
Aveco Technologies is an active private limited company based in Secunderabad, Telangana, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 12 October 1995 (31+ years old) and is registered under CIN U51101TG1995PTC021984.
Aveco Technologies has 2 current directors:
- Sandeep Jain - Managing Director
- Madhavi Jain - Director
The latest financial statements of Aveco Technologies on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Aveco Technologies is 36AABCA6516H1ZV, registered in Telangana. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Aveco Technologies is U51101TG1995PTC021984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aveco Technologies has 20 court cases on record: 13 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Aveco Technologies was incorporated on 12 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Hyderabad.
Madhavi Jain ceased to be Additional Director on 30 Sep 2015. Anupinder Singh Randhawa ceased to be Director on 17 Jan 2015. Madhavi Jain was appointed as Director on 17 Jan 2015. Aveco Technologies has 6 board changes on record in total.
Aveco Technologies can be reached through the website avecoindia.com. Its registered office is in Secunderabad, Telangana, India.
The registered office of Aveco Technologies is at Plot No. 19 1st Floor Akbar Road Thokatta Sikh Village, Secunderabad, Telangana, India – 500009.
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