Startup India Government of India
Avetec Industries Private Limited
Avetec Industries Private Limited - business services in Hosur, Tamil Nadu, India. Directors, charges & compliance details.
Revenue · FY 2024
₹5.76 Lakh
Latest filing
Net loss · FY 2024
₹2.85 Lakh
Net margin -49.4%
EBITDA · FY 2024
₹7.09 Lakh
EBITDA margin 123.1%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹75 Lakh
Secured borrowings
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
About Avetec Industries Private Limited
Data last updated:
Avetec Industries Private Limited is a private limited company based in Hosur, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the service-based operations segment of the business services sector. It was incorporated on 24 November 2022.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U32900TZ2022PTC040349.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Sreenivasa Murthy Narayana and Kelamangalam Ramaiahnaidu Rajasekar.
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 18/1 R.K.Nagar Opp. Railway Station, Hosur, Tamil Nadu, India – 635109.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.76 Lakh. For the same year it recorded a net loss of ₹2.85 Lakh (net margin -49.4%) and EBITDA of ₹7.09 Lakh (EBITDA margin 123.1%).
As per MCA filings, the company has open charges of ₹75 Lakh on record.
Avetec Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-11-0032373).
Company Details of Avetec Industries Private Limited
CIN U32900TZ2022PTC040349
Registration Number 040349
Incorporation Date 24 November 2022
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-11-0032373
CIN History of Avetec Industries Private Limited
Avetec Industries has one previous CIN (Corporate Identification Number): U74999TZ2022PTC040349. The current CIN is U32900TZ2022PTC040349, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32900TZ2022PTC040349 | Current |
| U74999TZ2022PTC040349 | Previous |
Recognitions & Rankings of Avetec Industries
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-11-0032373
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address18/1 R.K.Nagar Opp. Railway Station, Hosur, Tamil Nadu, India – 635109
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
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Business Activity of Avetec Industries Private Limited
The main business activity of Avetec Industries is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Avetec Industries Private Limited FY 2024 filings available
Avetec Industries Private Limited reported revenue of ₹5.76 Lakh for FY 2024.
Revenue · FY 2024
₹5.76 Lakh
Net loss · FY 2024
₹2.85 Lakh margin -49.4%
EBITDA · FY 2024
₹7.09 Lakh margin 123.1%
Financial Statement Summary of Avetec Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹7.09 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹2.85 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 Avetec Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 123.1% | •••• |
| Net Profit Margin | -49.4% | •••• |
| 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 Avetec Industries are in the company report.
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Financial statements from FY 2023
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.
Board of Directors of Avetec Industries Private Limited
Avetec Industries has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sreenivasa Murthy Narayana | Director | 24 Nov 2022 | 3 Years 10 Months | Current |
| Kelamangalam Ramaiahnaidu Rajasekar | Director | 24 Nov 2022 | 3 Years 10 Months | Current |
Peer Comparison of Avetec Industries Private Limited
Avetec Industries Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service 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 |
|---|---|---|---|---|---|---|
| Octopus ITES Private Limited | ₹5.77 Lakh (FY 2018) | •••• | •••• | 255.0% | •••• | Pune, Maharashtra, India |
| Edyug Technology Private Limited | ₹5.76 Lakh (FY 2023) | •••• | •••• | 709.0% | •••• | Haryana, India |
| Sumasamu IT Services Private Limited | ₹5.76 Lakh (FY 2024) | •••• | •••• | -89.0% | •••• | New Delhi, Delhi, India |
| Digital Hubspot International Technologies Private Limited | ₹5.76 Lakh (FY 2023) | •••• | •••• | 418.0% | •••• | Kinattuvila Mulluvila P O, Kerala, India |
| Connect IT Private Limited | ₹5.76 Lakh (FY 2018) | •••• | •••• | 215.0% | •••• | Mumbai, Maharashtra, India |
| Avetec Industries Private Limited this company | ₹5.76 Lakh (FY 2024) | •••• | •••• | •••• | Hosur, Tamil Nadu, India | |
| Newrise Techlabs Private Limited | ₹5.76 Lakh (FY 2020) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Giftedtoall India Limited | ₹5.76 Lakh (FY 2025) | •••• | •••• | -42.0% | •••• | Rajkot, Gujarat, India |
| Multifold IT Solutions Private Limited | ₹5.75 Lakh (FY 2024) | •••• | •••• | 45.0% | •••• | Sultanpur Lodhi Jallandha, Punjab, India |
| Movivation Labs Private Limited | ₹5.75 Lakh (FY 2018) | •••• | •••• | 5282.0% | •••• | Mumbai, Maharashtra, India |
| Dunorys Technology Solutions Private Limited | ₹5.75 Lakh (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Avetec Industries by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Avetec Industries Private Limited
Open charges
₹75 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 May 2023 | Bank of India | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Avetec Industries Private Limited
Employment history and EPFO contributions of people linked to Avetec Industries.
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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 Avetec Industries Private Limited
Avetec Industries Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Kelamangalam Ramaiahnaidu Rajasekar was appointed as Director on 24 Nov 2022.
AGM
Avetec Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avetec Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Bank Of India amounted to Rs. 75.00 Lakh with Charge ID 100726151 was registered on 08 May 2023.
Appointed
Kelamangalam Ramaiahnaidu Rajasekar was appointed as Director.
Appointed
Sreenivasa Murthy Narayana was appointed as Director.
Incorporation
24 Nov 2022
Avetec Industries Private Limited was registered on 24 Nov 2022 with Roc Coimbatore & aged 3 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Avetec Industries Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Avetec Industries Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Avetec Industries Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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GST Compliance of Avetec Industries Private Limited
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Avetec Industries Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
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Frequently Asked Questions about Avetec Industries Private Limited
Avetec Industries is an active private limited company based in Hosur, Tamil Nadu, India. The company works in other services, within the business services industry. It was incorporated on 24 November 2022 (4+ years old) and is registered under CIN U32900TZ2022PTC040349.
Avetec Industries reported revenue of ₹5.76 Lakh for FY 2024.
Avetec Industries has 2 current directors:
- Sreenivasa Murthy Narayana - Director
- Kelamangalam Ramaiahnaidu Rajasekar - Director
Avetec Industries reported a net loss of ₹2.85 Lakh (net margin -49.4%) and EBITDA of ₹7.09 Lakh (EBITDA margin 123.1%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Avetec Industries is U32900TZ2022PTC040349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avetec Industries was incorporated on 24 November 2022, making it 4+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Avetec Industries by revenue are Octopus ITES Private Limited, Edyug Technology Private Limited, Sumasamu IT Services Private Limited, Digital Hubspot International Technologies Private Limited, Connect IT Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Kelamangalam Ramaiahnaidu Rajasekar was appointed as Director on 24 Nov 2022. Sreenivasa Murthy Narayana was appointed as Director on 24 Nov 2022.
Yes, Avetec Industries is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Avetec Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-11-0032373).
The registered office of Avetec Industries is at 181 R.K.Nagar Opp. Railway Station, Hosur, Tamil Nadu, India – 635109.