About Avi Products India Limited
Data last updated: 16 February 2026
Avi Products India Limited is a public limited company based in Vasai, Maharashtra, India. It specialises in dairy products and milk processing, a part of the broader food and beverages sector. Incorporated on 07 March 1989, the company has been in operation for over 37 years.
Registered with ROC Mumbai under CIN L24200MH1989PLC050913. Listed on BSE: 523896.
Capital: an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹3.31 Cr. Formerly known as Avi Photochem Limited and Avi Industrial Chem Private Limited. It is led by directors including Vikram Avinash Vora and Avinash Dhirajlal Vora.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 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.
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.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered Address110 Manish Ind Estate No.4 Navghar Road Vasai(East), Maharashtra, India – 410210
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IndustryFood and Beverages, Dairy Products & Milk Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Avi Products India Limited
Avi Products India Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Avi Products India Limited | Current |
| Avi Photochem Limited | Previous |
| Avi Industrial Chem Private Limited | Previous |
CIN History of Avi Products India Limited
Avi Products India Limited has one previous CIN (Corporate Identification Number): U24200MH1989PLC050913. The current CIN is L24200MH1989PLC050913, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24200MH1989PLC050913 | Current |
| U24200MH1989PLC050913 | Previous |
Associated Brands with Avi Products India Limited
Avi Products India Limited operates one associated brand: Avi Products India. These brands represent Avi Products India Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Dental and ice cream equipment manufacturing is handled in India. | aviphoto.in |
Business Activity of Avi Products India Limited
Avi Products India Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | ********* |
Auditor Details of Avi Products India Limited
Avi Products India Limited is audited by S A R A & Associates (ICAI peer reviewed, certificate valid till 2027-05-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| S A R A & Associates (ICAI peer reviewed, certificate valid till 2027-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Avi Products India Limited
Avi Products India Limited is currently managed by 7 directors, with 17 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 |
|---|---|---|---|---|
| Vikram Avinash Vora | Director | 23 Aug 2022 | 3 Years 10 Months | Current |
|
Avinash Dhirajlal Vora
Also directs:
Avi Products India Limited, Healix Healthcare Private Limited
|
Managing Director | 17 Mar 1989 | 37 Years 3 Months | Current |
|
Abhishek Nilesh Vora
Also directs:
Avi Products India Limited
|
Director | 23 Aug 2022 | 3 Years 10 Months | Current |
| Pradeep Himatlal Joshi | Director | 31 Jan 1992 | 34 Years 5 Months | Current |
|
Kamlesh Bhagwandas Mehta
Also directs:
Avi Products India Limited
|
Director | 21 Aug 2024 | 1 Years 10 Months | Current |
|
Daksha Nilesh Vora
Also directs:
Avi Products India Limited
|
Director | 31 Mar 2015 | 11 Years 3 Months | Current |
Financials of Avi Products India Limited FY 2026 filings available
Avi Products India Limited reported revenue of ₹1.18 Cr (down 74.95% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1.18 Cr | ₹4.71 Cr | ₹4.85 Cr | ₹3.61 Cr | ₹3.34 Cr | ₹2.38 Cr | ₹4.1 Cr | ₹3.43 Cr |
| Other Income | ₹22.13 Lakh | ₹25.94 Lakh | ₹20.83 Lakh | ₹8.18 Lakh | ₹3.43 Lakh | ₹16.62 Lakh | ₹5.89 Lakh | ₹1.06 Lakh |
| Total Income | ₹1.4 Cr | ₹4.97 Cr | ₹5.06 Cr | ₹3.7 Cr | ₹3.37 Cr | ₹2.55 Cr | ₹4.16 Cr | ₹3.45 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹76.04 Lakh | ₹2.96 Cr | ₹3.66 Cr | ₹2.31 Cr | ₹2.07 Cr | ₹2.05 Cr | ₹2.8 Cr | ₹2.02 Cr |
| Changes in Inventories | ₹81.62 Lakh | ₹13.64 Lakh | -₹49.72 Lakh | -₹12.66 Lakh | -₹72,000 | -₹43.98 Lakh | ₹32,000 | ₹0 |
| Employee Benefit Expense | ₹45.11 Lakh | ₹56.71 Lakh | ₹50.21 Lakh | ₹36.35 Lakh | ₹28.26 Lakh | ₹24.95 Lakh | ₹31.97 Lakh | ₹36.64 Lakh |
| Finance Costs | ₹5.31 Lakh | ₹5.14 Lakh | ₹1.56 Lakh | ₹4.15 Lakh | ₹4.87 Lakh | ₹4.85 Lakh | ₹2.92 Lakh | ₹1.48 Lakh |
| Depreciation & Amortisation | ₹9.32 Lakh | ₹15.35 Lakh | ₹13.87 Lakh | ₹6.24 Lakh | ₹4.42 Lakh | ₹5.12 Lakh | ₹6.45 Lakh | ₹5.28 Lakh |
| Other Expenses | ₹1.15 Cr | ₹1.03 Cr | ₹91.45 Lakh | ₹77.13 Lakh | ₹77.23 Lakh | ₹51.92 Lakh | ₹79.55 Lakh | ₹86.82 Lakh |
| Total Expenses | ₹3.33 Cr | ₹4.9 Cr | ₹4.73 Cr | ₹3.42 Cr | ₹3.21 Cr | ₹2.48 Cr | ₹4.01 Cr | ₹3.32 Cr |
| Profit Before Exceptional Items & Tax | -₹1.92 Cr | ₹7.17 Lakh | ₹32.63 Lakh | ₹27.44 Lakh | ₹15.66 Lakh | ₹6.75 Lakh | ₹14.55 Lakh | ₹12.37 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.92 Cr | ₹7.17 Lakh | ₹32.63 Lakh | ₹27.44 Lakh | ₹15.66 Lakh | ₹6.75 Lakh | ₹14.55 Lakh | ₹12.37 Lakh |
| Total Tax Expense | ₹1.82 Lakh | ₹1.81 Lakh | ₹7.12 Lakh | ₹6.89 Lakh | ₹4.07 Lakh | ₹1.05 Lakh | ₹2.27 Lakh | ₹2.38 Lakh |
| Net Profit | -₹1.94 Cr | ₹5.36 Lakh | ₹25.51 Lakh | ₹20.55 Lakh | ₹11.59 Lakh | ₹5.7 Lakh | ₹12.28 Lakh | ₹9.99 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹1.94 Cr | ₹5.36 Lakh | ₹25.51 Lakh | ₹20.55 Lakh | ₹11.59 Lakh | ₹5.7 Lakh | ₹12.28 Lakh | ₹9.99 Lakh |
| EBITDA (computed) | -₹1.78 Cr | ₹27.66 Lakh | ₹48.06 Lakh | ₹37.83 Lakh | ₹24.95 Lakh | ₹16.72 Lakh | ₹23.92 Lakh | ₹19.13 Lakh |
| Basic EPS | ₹-5.87 | ₹0.16 | ₹0.87 | ₹0.80 | ₹0.65 | ₹0.55 | ₹1.18 | ₹0.96 |
| Diluted EPS | ₹-5.87 | ₹0.16 | ₹0.87 | ₹0.80 | ₹0.65 | ₹0.55 | ₹1.18 | ₹0.96 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹5.24 Cr | ₹7.99 Cr | ₹8.11 Cr | ₹4.8 Cr | ₹4.79 Cr | ₹2.67 Cr | ₹2.37 Cr | ₹2.43 Cr |
| Non-current Assets | ₹16.39 Lakh | ₹1.43 Cr | ₹1.51 Cr | ₹63.37 Lakh | ₹48.94 Lakh | ₹46.91 Lakh | ₹62.81 Lakh | ₹52.69 Lakh |
| Current Assets | ₹5.07 Cr | ₹6.56 Cr | ₹6.6 Cr | ₹4.17 Cr | ₹4.31 Cr | ₹2.2 Cr | ₹1.74 Cr | ₹1.9 Cr |
| Property, Plant & Equipment | ₹14.59 Lakh | ₹1.36 Cr | ₹1.44 Cr | ₹58.28 Lakh | ₹44.65 Lakh | ₹37.15 Lakh | ₹31.15 Lakh | ₹32.89 Lakh |
| Inventories | ₹1.23 Cr | ₹2.05 Cr | ₹2.18 Cr | ₹1.69 Cr | ₹1.56 Cr | ₹1.55 Cr | ₹1.11 Cr | ₹1.12 Cr |
| Trade Receivables | ₹20.34 Lakh | ₹99.04 Lakh | ₹79.83 Lakh | ₹39.6 Lakh | ₹38.73 Lakh | ₹45.4 Lakh | ₹43.24 Lakh | ₹64.52 Lakh |
| Cash & Equivalents | ₹3.37 Lakh | ₹38.3 Lakh | ₹3.43 Lakh | ₹4.16 Lakh | ₹2.26 Cr | ₹13.72 Lakh | ₹14.83 Lakh | ₹9.33 Lakh |
| Equity (Net Worth) | ₹5.15 Cr | ₹7.1 Cr | ₹7.04 Cr | ₹4.55 Cr | ₹4.34 Cr | ₹1.58 Cr | ₹1.53 Cr | ₹1.4 Cr |
| Equity Share Capital | ₹3.31 Cr | ₹3.31 Cr | ₹3.31 Cr | ₹2.58 Cr | ₹2.58 Cr | ₹1.04 Cr | ₹1.04 Cr | ₹1.04 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹26.33 Lakh | ₹0 | ₹0 | ₹0 | ₹20.47 Lakh | ₹0 |
| Borrowings (Current) | ₹0 | ₹81 Lakh | ₹0 | ₹53,000 | ₹2 Lakh | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹81 Lakh | ₹26.33 Lakh | ₹53,000 | ₹2 Lakh | ₹0 | ₹20.47 Lakh | ₹0 |
| Current Liabilities | ₹6.15 Lakh | ₹89.87 Lakh | ₹18.69 Lakh | ₹25.37 Lakh | ₹45.35 Lakh | ₹55.75 Lakh | ₹61.73 Lakh | ₹69.58 Lakh |
| Total Liabilities | ₹8.16 Lakh | ₹89.87 Lakh | ₹1.07 Cr | ₹25.37 Lakh | ₹45.35 Lakh | ₹1.09 Cr | ₹84.47 Lakh | ₹1.02 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹3.11 Cr | -₹76.06 Lakh | -₹31.22 Lakh | -₹63.74 Lakh | -₹82,000 |
| Investing Cash Flow | ₹81.93 Lakh | ₹13.89 Lakh | -₹89.54 Lakh | -₹12.79 Lakh | ₹14.89 Lakh |
| Financing Cash Flow | -₹86.31 Lakh | ₹49.53 Lakh | ₹2.48 Cr | -₹5.62 Lakh | ₹2.1 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹0 | ₹0 | -₹11.92 Lakh |
| Free Cash Flow (computed) | -₹3.11 Cr | -₹76.06 Lakh | -₹31.22 Lakh | -₹63.74 Lakh | -₹12.74 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹3.16 Cr | -₹12.64 Lakh | ₹1.27 Cr | -₹82.15 Lakh | ₹2.24 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹7.52 Lakh | ₹33.22 Lakh | ₹19 Lakh | ₹58.21 Lakh | ₹1.63 Cr | ₹1.13 Cr | ₹88.54 Lakh | ₹1.06 Cr |
| Other Income | ₹9.46 Lakh | ₹6.06 Lakh | ₹2.26 Lakh | ₹4.35 Lakh | ₹8.06 Lakh | ₹11.39 Lakh | ₹1.49 Lakh | ₹5 Lakh |
| Total Income | ₹16.98 Lakh | ₹39.28 Lakh | ₹21.26 Lakh | ₹62.56 Lakh | ₹1.71 Cr | ₹1.24 Cr | ₹90.03 Lakh | ₹1.11 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹12.15 Lakh | ₹20.09 Lakh | ₹19.24 Lakh | ₹24.55 Lakh | ₹52.69 Lakh | ₹1.06 Cr | ₹70.33 Lakh | ₹67.51 Lakh |
| Changes in Inventories | ₹1.79 Lakh | ₹30 Lakh | ₹15.25 Lakh | ₹34.58 Lakh | ₹60.17 Lakh | -₹23 Lakh | -₹22.99 Lakh | -₹54,000 |
| Employee Benefit Expense | ₹8.56 Lakh | ₹12.5 Lakh | ₹13.36 Lakh | ₹10.69 Lakh | ₹16.15 Lakh | ₹14.51 Lakh | ₹14.4 Lakh | ₹11.49 Lakh |
| Finance Costs | ₹1,000 | ₹1.7 Lakh | ₹1.59 Lakh | ₹2.02 Lakh | ₹1.6 Lakh | ₹1.82 Lakh | ₹81,000 | ₹1.05 Lakh |
| Depreciation & Amortisation | ₹2.07 Lakh | ₹1.88 Lakh | ₹1.87 Lakh | ₹3.5 Lakh | ₹3.81 Lakh | ₹4.8 Lakh | ₹3.99 Lakh | ₹3.74 Lakh |
| Other Expenses | ₹47.17 Lakh | ₹17.37 Lakh | ₹25.31 Lakh | ₹26.84 Lakh | ₹33.23 Lakh | ₹23.67 Lakh | ₹21.79 Lakh | ₹22.97 Lakh |
| Total Expenses | ₹71.75 Lakh | ₹83.54 Lakh | ₹76.62 Lakh | ₹1.02 Cr | ₹1.68 Cr | ₹1.27 Cr | ₹88.33 Lakh | ₹1.06 Cr |
| Profit Before Exceptional Items & Tax | -₹54.77 Lakh | -₹44.26 Lakh | -₹55.36 Lakh | -₹39.62 Lakh | ₹3.3 Lakh | -₹3.19 Lakh | ₹1.7 Lakh | ₹5.25 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹54.77 Lakh | -₹44.26 Lakh | -₹55.36 Lakh | -₹39.62 Lakh | ₹3.3 Lakh | -₹3.19 Lakh | ₹1.7 Lakh | ₹5.25 Lakh |
| Total Tax Expense | ₹1.82 Lakh | ₹0 | ₹0 | ₹0 | ₹1.04 Lakh | -₹10,000 | ₹43,000 | ₹1.32 Lakh |
| Net Profit | -₹56.59 Lakh | -₹44.26 Lakh | -₹55.36 Lakh | -₹39.62 Lakh | ₹2.26 Lakh | -₹3.09 Lakh | ₹1.27 Lakh | ₹3.93 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹56.59 Lakh | -₹44.26 Lakh | -₹55.36 Lakh | -₹39.62 Lakh | ₹2.26 Lakh | -₹3.09 Lakh | ₹1.27 Lakh | ₹3.93 Lakh |
| EBITDA (computed) | -₹52.69 Lakh | -₹40.68 Lakh | -₹51.9 Lakh | -₹34.1 Lakh | ₹8.71 Lakh | ₹3.43 Lakh | ₹6.5 Lakh | ₹10.04 Lakh |
| Basic EPS | ₹-1.71 | ₹-1.34 | ₹-1.67 | ₹-1.20 | ₹0.07 | ₹-0.09 | ₹0.04 | ₹0.12 |
| Diluted EPS | ₹-1.71 | ₹-1.34 | ₹-1.67 | ₹-1.20 | ₹0.07 | ₹-0.09 | ₹0.04 | ₹0.12 |
| Segment · Q3 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| a) E-commerce | ₹33.22 Lakh | -₹42.56 Lakh | ₹7.2 Cr | -₹13.76 Lakh |
| b) Food and Beverages | ₹0 | ₹0 | ₹0 | ₹0 |
| c ) Other Income | ₹6.06 Lakh | ₹0 | ₹0 | ₹0 |
| Segment · FY 2025 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Ecommerce and Trading | ₹4.65 Cr | ₹11.53 Lakh | - | - |
| Food and Beverages | ₹5.4 Lakh | ₹13,000 | - | - |
| Other Income | ₹25.94 Lakh | ₹0 | - | - |
Shareholding Pattern of Avi Products India Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 23.68%, retail and other public shareholders hold 76.32% of Avi Products India Limited. The company had 13,861 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% |
| Public | 76.32% | 76.32% | 76.32% | 76.32% | 76.32% | 76.32% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 23.68% | 23.68% | 23.68% |
| Public | 76.32% | 76.32% | 76.32% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Avi Products India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2023 | Others | ₹85 Lakh | Satisfied |
| 22 Sep 2020 | Hdfc Bank Limited | ₹50 Lakh | Satisfied |
| 04 Jan 2019 | Others | ₹25 Lakh | Satisfied |
| 18 Dec 1997 | Bank of Baroda | ₹23 Lakh | Satisfied |
| 03 Dec 1997 | Bank of Baroda | ₹24 Lakh | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Avi Products India Limited
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Employee Count & EPFO Data of Avi Products India Limited
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GST Compliance of Avi Products India Limited
GSTIN & GST Filing Data of Avi Products India Limited
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Credit Ratings, Litigation & Regulatory Alerts for Avi Products India Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Avi Products India Limited
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MSME Payment Delays by Avi Products India Limited
MSME Payment Delays by Avi Products India Limited
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Subsidiaries & Group Companies of Avi Products India Limited
Subsidiaries & Group Companies of Avi Products India Limited
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MCA Filings & Documents of Avi Products India Limited
MCA Filings & Documents of Avi Products India Limited
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Recent Activity on Avi Products India Limited
Recent News on Avi Products India Limited
Frequently Asked Questions about Avi Products India Limited
Avi Products India Limited is an active public limited company in the food and beverages sector based in Vasai, Maharashtra, India. It was incorporated on 07 March 1989 (37+ years old) and is registered under CIN L24200MH1989PLC050913. Listed on BSE: 523896.
Avi Products India Limited reported revenue of ₹4.97 Cr for FY 2025 (down 2.00% YoY).
The current directors of Avi Products India Limited are:
The primary industry of Avi Products India Limited is food and beverages. The company specifically operates in dairy products and milk processing. The company is currently active in this sector.
Yes. Avi Products India Limited is listed on BSE with code 523896.
Avi Products India Limited can be reached at the registered office: 110 Manish Ind Estate No.4 Navghar Road VasaiEast, Maharashtra, India – 410210, or through the website aviphoto.in.