MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-17-0026506
Revenue · FY 2025
₹4.97 Cr
▼ 2% YoY
Net profit · FY 2025
₹5.37 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹27.67 Lakh
EBITDA margin 5.6%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹3.31 Cr
Issued & subscribed
Open charges
₹85 Lakh
Satisfied ₹5.69 Cr
Company age
37 yrs
Est. 1989
Directors on board
6
As per MCA filings
About Avi Products India Limited
Data last updated:
Avi Products India Limited is a public limited company based in Vasai, Maharashtra, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 07 March 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24200MH1989PLC050913. Its GSTIN is 27AAACA3247Q1ZE (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (523896) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹3.31 Cr. It was formerly known as Avi Photochem Limited and Avi Industrial Chem Private Limited. It is led by directors including Avinash Dhirajlal Vora (Managing Director) and Vikram Avinash Vora.
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 110 Manish Ind Estate No.4 Navghar Road Vasai(East), Maharashtra, India – 410210.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.97 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹5.37 Lakh (net margin 1.1%) and EBITDA of ₹27.67 Lakh (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 4% over five years.
The company is associated with 1 brand: Avi Products India. As per MCA filings, the company has open charges of ₹85 Lakh and satisfied charges of ₹5.69 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it; 1 case is pending. The company has 11 deals on record (11 market trades); the latest was in February 2026. The company has 3 MSME Form 1 returns on record between 2019 and 2022, listing 8 overdue payments to 3 micro and small suppliers.
Avi Products India Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0026506). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aviphoto.in.
Company details
CIN L24200MH1989PLC050913
Registration Number 050913
Incorporation Date 07 March 1989
ROC Mumbai
Listing Status Listed - Suspended on BSE (523896)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-17-0026506
Name history
Avi Products India has undergone 2 name changes throughout its history. The company was previously known as Avi Photochem Limited, and Avi Industrial Chem Private Limited. The current legal name is Avi Products India Limited.
| Company Name | Status |
|---|---|
| Avi Products India Limited | Current |
| Avi Photochem Limited | Previous |
| Avi Industrial Chem Private Limited | Previous |
CIN history
Avi Products India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24200MH1989PLC050913, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24200MH1989PLC050913 | Current |
| U24200MH1989PLC050913 | Previous |
| L68200MH1989PLC473905 | Previous |
Key People
Avinash Dhirajlal Vora Managing Director Vikram Avinash Vora Director Daksha Nilesh Vora Director Recognitions & Rankings of Avi Products India
Contact details
Avi Products India Limited's registered office is in Vasai, Maharashtra. Its website is aviphoto.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address110 Manish Ind Estate No.4 Navghar Road Vasai(East), Maharashtra, India – 410210
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Avi Products India Limited, buy the company report.
Comprehensive company report
Avi Products India 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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Brands
Avi Products India operates one associated brand: Avi Products India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Dental and ice cream equipment manufacturing is handled in India. | aviphoto.in |
Business activity
The main business activity of Avi Products India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Avi Products India Limited, buy the company report.
Financials of Avi Products India Limited
FY 2025 filings availableAvi Products India Limited reported revenue of ₹4.97 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹4.97 Cr ▼ 2%
Net profit · FY 2025
₹5.37 Lakh margin 1.1%
EBITDA · FY 2025
₹27.67 Lakh margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 14%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 42%
3 years · compounded
▲ 9%
5 years · compounded
▲ 9%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 42% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.97 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹27.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.37 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Avi Products India Limited, buy the company report.
Board of directors of Avi Products India Limited
Avi Products India has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Dhirajlal Vora Also directs: Healix Healthcare Private Limited | Managing Director | 17 Mar 1989 | 37 Years 7 Months | Current |
| Vikram Avinash Vora | Director | 23 Aug 2022 | 4 Years 2 Months | Current |
| Daksha Nilesh Vora | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Kamlesh Bhagwandas Mehta | Director | 21 Aug 2024 | 2 Years 2 Months | Current |
| Pradeep Himatlal Joshi Also directs: Haribhai Jeebhai Ventures LLP, Jaypee Organics Private Limited | Director | 31 Jan 1992 | 34 Years 9 Months | Current |
| Abhishek Nilesh Vora | Director | 23 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Avi Products India Limited is audited by N.K. JALAN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.K. JALAN & CO. | FY 2023 |
Shareholding
The shareholding of Avi Products India Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avi Products India Limited, buy the company report.
Charges & borrowings
Open charges
₹85 Lakh
Satisfied charges
₹5.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2023 | 100707178 | Others | ₹85 Lakh | Satisfied | |
| 22 Sep 2020 | 100373340 | Hdfc Bank Limited | ₹50 Lakh | Satisfied | |
| 04 Jan 2019 | 100232312 | Others | ₹25 Lakh | Satisfied | |
| 18 Dec 1997 | 90359249 | Bank of Baroda | ₹23 Lakh | Satisfied | |
| 03 Dec 1997 | 90359243 | Bank of Baroda | ₹24 Lakh | Satisfied |
To see the full charge records of Avi Products India Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Avi Products India Limited has 11 deals on record (11 market trades); the latest was in February 2026.
Total deals
11
Market trades
11
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Market trade | ₹7.5 Lakh | Buyer: PPMS Real Estates LLP |
| Jan 2026 | Market trade | ₹11.7 Lakh | Buyer: Rajen H Gada (Huf) Seller: Akin Trading Private Limi Ted |
| Dec 2025 | Market trade | ₹46.5 Lakh | Buyer: Bgse Properties and Securities Limited , Balaji Forex India Private Limited Seller: an individual |
| Dec 2025 | Market trade | ₹9.9 Lakh | Buyer: an individual |
| Sep 2025 | Market trade | ₹5.2 Lakh | Buyer: an individual Seller: Multiplier Share and Stock Advisors Private Limited |
To see the full deal history of Avi Products India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avi Products India Limited has 10 court cases on record: 2 filed by Avi Products India, 8 filed against it. 1 case is pending and 9 are disposed.
Total cases
10
Filed by the company
2
Filed against the company
8
Pending
1
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Court case (SUCC) | Filed against the company by an individual | Pending |
| District court, Rewari, Haryana | Civil suit | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by The Deputy Registrar of Companies | Disposed |
To see the full case history of Avi Products India Limited, buy the company report.
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.
MSME payment delays
Avi Products India Limited has 3 MSME Form 1 returns on record between 2019 and 2022, listing 8 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Anand Mail Express Private Limited | |||
| Gourmet Gelato Company Private Limited |
To see the full MSME payment records of Avi Products India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Avi Products India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA3247Q1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avi Products India Limited, buy the company report.
Recent activity
Avi Products India Limited has 24 board changes on record since 1989: 15 appointments and 9 cessations. The latest: Bijal Yogesh Durgavale ceased to be Company Secretary on 28 Oct 2025.
Ceased
Bijal Yogesh Durgavale ceased to be Company Secretary.
AGM
Avi Products India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 31 Mar 2023 via Charge ID 100707178 with Others was fully satisfied on 19 May 2025.
Filing
Avi Products India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Appointed
Kamlesh Bhagwandas Mehta was appointed as Director.
Ceased
Vimalkumar Prafulkumar Desai ceased to be Director.
Charges
A charge registered on 03 Dec 1997 via Charge ID 90359243 with Bank Of Baroda was fully satisfied on 13 May 2024.
Charges
A charge registered on 22 Sep 2020 via Charge ID 100373340 with Hdfc Bank Limited was fully satisfied on 29 Jun 2023.
Charges
A charge with Others amounted to Rs. 0.85 Cr with Charge ID 100707178 was registered on 31 Mar 2023.
Appointed
Abhishek Nilesh Vora was appointed as Director.
Ceased
Pradeep Gaurishankar Kumar ceased to be Director.
Appointed
Vikram Avinash Vora was appointed as Director.
36 earlier events are in the company report.
News
Frequently asked questions
Avi Products India is an active public limited company based in Vasai, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 07 March 1989 (37+ years old) and is registered under CIN L24200MH1989PLC050913.
Avi Products India has 6 current directors:
- Avinash Dhirajlal Vora - Managing Director
- Vikram Avinash Vora - Director
- Daksha Nilesh Vora - Director
- Kamlesh Bhagwandas Mehta - Director
- Pradeep Himatlal Joshi - Director
- Abhishek Nilesh Vora - Director
The latest financial statements of Avi Products India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avi Products India is 27AAACA3247Q1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avi Products India is L24200MH1989PLC050913. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avi Products India is recorded as a listed company by MCA, but trading in its shares on BSE (523896) has been suspended, so they do not currently trade on a stock exchange.
Avi Products India has 10 court cases on record: 2 filed by the company and 8 filed against it. 1 is pending. Most are in the district courts.
Avi Products India was incorporated on 07 March 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Avi Products India has 11 deals on record (11 market trades); the latest was in February 2026.
Bijal Yogesh Durgavale ceased to be Company Secretary on 28 Oct 2025. Kamlesh Bhagwandas Mehta was appointed as Director on 21 Aug 2024. Vimalkumar Prafulkumar Desai ceased to be Director on 21 Aug 2024. Avi Products India has 24 board changes on record in total.
Yes, Avi Products India is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-17-0026506).
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