About Avi Cement Limited
Data last updated:
Avi Cement Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 15 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26943GJ2011PLC064963. Its GSTIN is 24AAPCS7859D1ZW (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹55 Lakh. It is led by directors including Avi Jitendrakumar Dugar and Sanjana Jitendrakumar Dugar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D1 Jay Tower Ankur Commercial Center Ankur Cross Road Naranpura, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.16 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹27.08 Lakh (net margin 1%) and EBITDA of ₹1.19 Cr (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹13.29 Cr and satisfied charges of ₹2.2 Cr on record. Court records list 18 cases involving the company, including 17 filed by the company; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lioncement.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressD1 Jay Tower Ankur Commercial Center Ankur Cross Road Naranpura, Ahmedabad, Gujarat, India – 380013
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Avi Cement Limited
The main business activity of Avi Cement is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avi Cement Limited FY 2025 filings available
Avi Cement Limited reported revenue of ₹28.16 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Avi Cement Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 15% growth in the latest year. EBITDA rose 60% 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 of Avi Cement Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.08 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 Avi Cement Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Avi Cement are in the company report.
Financial statements from 2015
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.
Auditor Details of Avi Cement Limited
Avi Cement Limited is audited by KJSM & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KJSM & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Avi Cement Limited
Avi Cement has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratik Jain | Additional Director | 11 Jan 2024 | 2 Years 8 Months | Current |
| Avi Jitendrakumar Dugar Also directs: Autonaut Vitality LLP | Director | 26 Mar 2022 | 4 Years 6 Months | Current |
| Sanjana Jitendrakumar Dugar Also directs: Avi Corporation Private Limited | Director | 15 Apr 2011 | 15 Years 5 Months | Current |
| Jitendrakumar Karansingh Dugar Also directs: Avi Corporation Private Limited | Director | 15 Apr 2011 | 15 Years 5 Months | Current |
Ownership and Shareholding of Avi Cement Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Avi Cement Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2024 | Axis Bank Limited | ₹2 Cr | Open |
| 30 Jul 2024 | Axis Bank Limited | ₹2.3 Cr | Open |
| 30 Jul 2024 | Axis Bank Limited | ₹4.99 Cr | Open |
| 26 Jun 2020 | Hdfc Bank Limited | ₹16.47 Lakh | Open |
| 11 Apr 2017 | Hdfc Bank Limited | ₹3.83 Cr | Open |
Total charge records: 7 View all charges
Legal Cases of Avi Cement Limited
Avi Cement Limited has 18 court cases on record: 17 filed by Avi Cement, 1 where it is another party. 8 cases are pending and 10 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 0 | 7 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against C D Square Infrastructure Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against C D Square Infrastructure Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Niraj Kacharabhai Patel-Arbuda Traders | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Rajasthan | Writ petition | Company is another party | Pending |
Full case history
All 18 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Avi Cement Limited
Employment history and EPFO contributions of people linked to Avi Cement.
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.
CIN History of Avi Cement Limited
Avi Cement has one previous CIN (Corporate Identification Number): U26943GJ2011PTC064963. The current CIN is U26943GJ2011PLC064963, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26943GJ2011PLC064963 | Current |
| U26943GJ2011PTC064963 | Previous |
Recent Activity on Avi Cement Limited
Avi Cement Limited has 6 board changes on record since 2011: 4 appointments and 2 cessations. The latest: Pratik Jain was appointed as Additional Director on 11 Jan 2024.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Avi Cement Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avi Cement Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avi Cement Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Avi Cement Limited
Avi Cement has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCS7859D1ZW | Gujarat | Active | 01 Jul 2017 |
| 08AAPCS7859D1ZQ | Rajasthan | Active | 27 Feb 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avi Cement Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avi Cement Limited
Avi Cement is an active public limited company based in Ahmedabad, Gujarat, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 15 April 2011 (15+ years old) and is registered under CIN U26943GJ2011PLC064963.
Avi Cement reported revenue of ₹28.16 Cr for FY 2024 (up 15% YoY).
Avi Cement has 4 current directors:
- Pratik Jain - Additional Director
- Avi Jitendrakumar Dugar - Director
- Sanjana Jitendrakumar Dugar - Director
- Jitendrakumar Karansingh Dugar - Director
Avi Cement reported a net profit of ₹27.08 Lakh (net margin 1%) and EBITDA of ₹1.19 Cr (EBITDA margin 4.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avi Cement is 34% over three years and 13% over five years. In the latest year (FY 2024) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avi Cement is 24AAPCS7859D1ZW, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AAPCS7859D1ZQ (Rajasthan).
The CIN (Corporate Identification Number) of Avi Cement is U26943GJ2011PLC064963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avi Cement has 18 court cases on record: 17 filed by the company. 8 are pending. Most are in the district courts.
Avi Cement was incorporated on 15 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pratik Jain was appointed as Additional Director on 11 Jan 2024. Avi Jitendrakumar Dugar was appointed as Director on 26 Mar 2022. Yogeshkumar Hasmukhbhai Patel ceased to be Additional Director on 28 Jan 2022. Avi Cement has 6 board changes on record in total.