About Avesthagen Limited
Data last updated: 01 July 2025
Avesthagen Limited is a public limited company based in Bengaluru, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in biotechnology, a part of the broader life sciences sector. Incorporated on 20 April 1998, the company has been in operation for over 28 years.
Registered with ROC Bangalore under CIN U73100KA1998PLC030671.
Capital: an authorised share capital of ₹14 Cr and a paid-up capital of ₹7.61 Cr. Formerly known as Avesthagen Private Limited and Avestagen Limited. It is led by directors including Sanaya Zareer Patell and Villoo Zareer Morawala Patell.
Last AGM: 30 September 2022. Financial statements filed for year ended 31 March 2022. Office: Wework Pavilion 62/63 The Pavilion Church Street, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.57 Cr, a decline of 52% compared to the previous year.
As per MCA filings, the company has open charges of ₹100.49 Cr and satisfied charges of ₹13.1 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is avesthagen.com.
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Registered AddressWework Pavilion 62/63 The Pavilion Church Street, Bengaluru, Karnataka, India – 560001
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IndustryLife Sciences, Biotechnology
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Avesthagen Limited
Avesthagen Limited has undergone 3 name changes throughout its history. The company was previously known as Avesthagen Private Limited, Avestagen Limited, and Avestha Gengraine Technologies Private Limited. The current legal name is Avesthagen Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Avesthagen Limited | Current |
| Avesthagen Private Limited | Previous |
| Avestagen Limited | Previous |
| Avestha Gengraine Technologies Private Limited | Previous |
CIN History of Avesthagen Limited
Avesthagen Limited has one previous CIN (Corporate Identification Number): U73100KA1998PTC030671. The current CIN is U73100KA1998PLC030671, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100KA1998PLC030671 | Current |
| U73100KA1998PTC030671 | Previous |
Business Activity of Avesthagen Limited
Avesthagen Limited is engaged in the principal business activity of professional, scientific and technical, with detailed activities including scientific research and development.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development | Locked |
Business activity turnover details for Avesthagen Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Avesthagen Limited
Avesthagen Limited is audited by KALYANIWALLA & MISTRY LLP for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KALYANIWALLA & MISTRY LLP | Locked | Locked | Locked |
Complete auditor history for Avesthagen Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Avesthagen Limited
Avesthagen Limited is currently managed by 5 directors, with 31 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanaya Zareer Patell | Director | 21 Jan 2008 | 18 Years 6 Months | As last reported |
| Villoo Zareer Morawala Patell | Managing Director | 20 Apr 1998 | 28 Years 3 Months | As last reported |
| Prakash Dattatraya Virkar | Director | 11 Feb 2020 | 6 Years 5 Months | As last reported |
| John Aiken Mckinley | Director | 03 Aug 2019 | 6 Years 11 Months | As last reported |
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Carl M M Dujardin
Also directs:
Xsysys Technologies Private Limited.
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Additional Director | 01 Aug 2025 | 0 Years 11 Months | As last reported |
Financials of Avesthagen Limited FY 2022 filings available
Avesthagen Limited reported revenue of ₹1.57 Cr (down 52.00% YoY) for FY 2024.
Ten-year financial statements for Avesthagen Limited
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Ownership and Shareholding of Avesthagen Limited
Shareholding and ownership data for Avesthagen Limited
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Charges & Borrowings of Avesthagen Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 2023 | Hdfc Bank Limited | ₹20.12 Lakh | Open |
| 19 Mar 2014 | Biotechnology Industry Research Assistance Council | ₹4.32 Cr | Open |
| 04 Nov 2010 | Mr. Nadir B Godrej | ₹5 Cr | Open |
| 29 Mar 2010 | Department of Biotechnology | ₹4 Lakh | Open |
| 28 Jan 2010 | Department of Biotechnology | ₹20 Lakh | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Avesthagen Limited
Avesthagen Limited has a workforce of 0 employees as of Apr 04, 2024.
Employee and EPFO history for Avesthagen Limited
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GST Compliance of Avesthagen Limited
GST registrations and filing compliance for Avesthagen Limited
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Credit Ratings, Litigation & Regulatory Alerts for Avesthagen Limited
Credit ratings, litigation, and regulatory alerts for Avesthagen Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Avesthagen Limited
MSME payment history for Avesthagen Limited
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Subsidiaries & Group Companies of Avesthagen Limited
Corporate group structure for Avesthagen Limited
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MCA Filings & Documents of Avesthagen Limited
MCA filings and documents for Avesthagen Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Avesthagen Limited
Recent News on Avesthagen Limited
Frequently Asked Questions about Avesthagen Limited
Avesthagen Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Avesthagen Limited is a company under insolvency, formerly operating as a public limited company in the life sciences sector based in Bengaluru, Karnataka, India. It was incorporated on 20 April 1998 and is registered under CIN U73100KA1998PLC030671. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avesthagen Limited reported revenue of ₹1.57 Cr for FY 2024 (down 52.00% YoY).
The current directors of Avesthagen Limited are:
- Sanaya Zareer Patell - Director
- Villoo Zareer Morawala Patell - Managing Director
- Prakash Dattatraya Virkar - Director
- John Aiken Mckinley - Director
- Carl M M Dujardin - Additional Director
The CIN (Corporate Identification Number) of Avesthagen Limited is U73100KA1998PLC030671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avesthagen Limited has open charges of ₹100.49 Cr and satisfied charges of ₹13.1 Cr as per latest MCA filings.