Avesa Development Private Limited
About Avesa Development Private Limited
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Avesa Development Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 11 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45209GJ2020PTC116430. Its GSTIN is 24AAUCA0269J1ZE (Gujarat).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.81 Cr. It is led by directors Ameesh Ashok Agarwal and Ashok Kankumar Agarwal.
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 6 Century Market Shops Office Owner Association Prem Darwaja, Ahmedabad, Gujarat, India – 380002.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.88 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.59 Cr (net margin 44%) and EBITDA of ₹5.36 Cr (EBITDA margin 91.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has 1 deal on record (1 rights issue); the latest was in March 2021.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Avesa Development Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 Century Market Shops Office Owner Association Prem Darwaja, Ahmedabad, Gujarat, India – 380002
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Avesa Development 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 Avesa Development is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Avesa Development Private Limited, buy the company report.
Financials of Avesa Development Private Limited
FY 2024 filings availableAvesa Development Private Limited reported revenue of ₹5.88 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 22% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.36 Cr | ||||
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| Net Profit (PAT) | ₹2.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 91.2% | ||||
| Net Profit Margin | 44% | ||||
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To see the full financial statements and ratios of Avesa Development Private Limited, buy the company report.
Board of directors of Avesa Development Private Limited
Avesa Development has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ameesh Ashok Agarwal Also directs: Avesa Estate LLP | Director | 11 Sep 2020 | 6 Years 1 Months | Current |
| Ashok Kankumar Agarwal Also directs: Alpha Constructions LLP, Kay Kay Foods LLP, Alpha Industries Private Limited and 1 more | Director | 11 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Avesa Development Private Limited is audited by GANDHI GANDHI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANDHI GANDHI & CO | FY 2022 | 020441C |
Shareholding
The shareholding of Avesa Development Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avesa Development Private Limited, buy the company report.
Deals & funding
Avesa Development Private Limited has 1 deal on record (1 rights issue); the latest was in March 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹5.8 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Avesa Development Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avesa Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avesa Development Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Avesa Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCA0269J1ZE | Gujarat | Active | 11 Sep 2020 |
To see the full GST registrations and return filing status of Avesa Development Private Limited, buy the company report.
Recent activity
Avesa Development Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ameesh Ashok Agarwal was appointed as Director on 11 Sep 2020.
Frequently asked questions
Avesa Development is an active private limited company based in Ahmedabad, Gujarat, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 11 September 2020 (6+ years old) and is registered under CIN U45209GJ2020PTC116430.
Avesa Development has 2 current directors:
- Ameesh Ashok Agarwal - Director
- Ashok Kankumar Agarwal - Director
The latest financial statements of Avesa Development 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 FY 2021 are in the company report.
The GSTIN of Avesa Development is 24AAUCA0269J1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Avesa Development is U45209GJ2020PTC116430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avesa Development was incorporated on 11 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Avesa Development has 1 deal on record (1 rights issue); the latest was in March 2021.
Ameesh Ashok Agarwal was appointed as Director on 11 Sep 2020. Ashok Kankumar Agarwal was appointed as Director on 11 Sep 2020.
The registered office of Avesa Development is at 6 Century Market Shops Office Owner Association Prem Darwaja, Ahmedabad, Gujarat, India – 380002.
Avesa Development operates in the infrastructure and utilities industry, in the infrastructure project management segment.