MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0081540
Avets Engineering India Private Limited
Avets Engineering India Private Limited - electrnoics in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.14 Cr
▲ 26% YoY
Net profit · FY 2024
₹55.82 Lakh
Net margin 7.8%
EBITDA · FY 2024
₹60.63 Lakh
EBITDA margin 8.5%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
4
Provident fund records
Directors on board
2
As per MCA filings
About Avets Engineering India Private Limited
Data last updated:
Avets Engineering India Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the home appliances segment of the electronics sector. It was incorporated on 15 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2019PTC331681. Its GSTIN is 27AASCA8285A1ZD (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Manoranjana Shankar Nikam and Amit Shankar Nikam.
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 33 Om Anand Industrial Estate Raghunath Nagar, M S Road Thane West, Maharashtra, India – 400604.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.14 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹55.82 Lakh (net margin 7.8%) and EBITDA of ₹60.63 Lakh (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 166% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
Avets Engineering India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0081540). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U29309MH2019PTC331681
Registration Number 331681
Incorporation Date 15 October 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0081540
Recognitions & Rankings of Avets Engineering India
Contact details
Avets Engineering India Private Limited's registered office is in Thane, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address33 Om Anand Industrial Estate Raghunath Nagar, M S Road Thane West, Maharashtra, India – 400604
- IndustryElectrnoics, Home Appliance, Manufacturing
To see the full contact details of Avets Engineering India Private Limited, buy the company report.
Comprehensive company report
Avets Engineering India Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Avets Engineering India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avets Engineering India Private Limited, buy the company report.
Financials of Avets Engineering India Private Limited
FY 2024 filings availableAvets Engineering India Private Limited reported revenue of ₹7.14 Cr (up 26% YoY) for FY 2024.
Revenue · FY 2024
₹7.14 Cr ▲ 26%
Net profit · FY 2024
₹55.82 Lakh margin 7.8%
EBITDA · FY 2024
₹60.63 Lakh margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 166%
EBITDA CAGR growth
1 year
▲ 154%
3 years · compounded
▲ 507%
Revenue has grown at a compounded annual rate (CAGR) of 166% over three years, including 26% growth in the latest year. EBITDA rose 154% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹60.63 Lakh | ||||
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| Net Profit (PAT) | ₹55.82 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 7.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Avets Engineering India Private Limited, buy the company report.
Board of directors of Avets Engineering India Private Limited
Avets Engineering India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoranjana Shankar Nikam Also directs: Syndicate Electro Mech Services Private Limited | Director | 26 Sep 2020 | 6 Years 1 Months | Current |
| Amit Shankar Nikam | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
Legal cases
No court or tribunal cases involving Avets Engineering India 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 Avets Engineering India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avets Engineering India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCA8285A1ZD | Maharashtra | Active | 13 Jan 2020 |
To see the full GST registrations and return filing status of Avets Engineering India Private Limited, buy the company report.
Recent activity
Avets Engineering India Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Manoranjana Shankar Nikam ceased to be Additional Director on 30 Dec 2020.
AGM
Avets Engineering India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avets Engineering India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Manoranjana Shankar Nikam ceased to be Additional Director.
Ceased
Anees Jaiprakash Pandey ceased to be Director.
Ceased
Vikram Mishri Sharma ceased to be Director.
Appointed
Manoranjana Shankar Nikam was appointed as Director.
Appointed
Amit Shankar Nikam was appointed as Director.
Incorporation
15 Oct 2019
Avets Engineering India Private Limited was registered on 15 Oct 2019 with Roc Mumbai & aged 7 years 19 days as per MCA records.
Frequently asked questions
Avets Engineering India is an active private limited company based in Thane, Maharashtra, India. The company works in home appliance, within the electronics industry. It was incorporated on 15 October 2019 (7+ years old) and is registered under CIN U29309MH2019PTC331681.
Avets Engineering India has 2 current directors:
- Manoranjana Shankar Nikam - Director
- Amit Shankar Nikam - Director
The latest financial statements of Avets Engineering India 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 2020 are in the company report.
The GSTIN of Avets Engineering India is 27AASCA8285A1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avets Engineering India is U29309MH2019PTC331681. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avets Engineering India was incorporated on 15 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Manoranjana Shankar Nikam ceased to be Additional Director on 30 Dec 2020. Anees Jaiprakash Pandey ceased to be Director on 26 Oct 2020. Vikram Mishri Sharma ceased to be Director on 26 Oct 2020. Avets Engineering India has 5 board changes on record in total.
Yes, Avets Engineering India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0081540).
The registered office of Avets Engineering India is at 33 Om Anand Industrial Estate Raghunath Nagar, M S Road Thane West, Maharashtra, India – 400604.
Avets Engineering India operates in the electronics industry, in the home appliance segment.
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