Avon Cycles Ltd - Company Profile

Q: Who are the current directors of Avon Cycles Ltd?

The current directors of Avon Cycles Ltd are Rishi Pahwa, Bhupinder Singh Dhiman, Gurpreet Kaur, Anil Arora, Bhavdeep Sardana, Onkar Singh Pahwa, Mandeep Singh Pahwa.

It is a environment public limited company based in Punjab, Punjab, India, established in 1951.

1951 Punjab, Punjab, India Active

Last Updated: December 22, 2025

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About Avon Cycles Ltd

Avon Cycles Ltd, a active public limited company, was established on 01 October 1951 in Punjab, Punjab, India. Engaging in wind energy solutions within the manufacturing sector, it holds CIN: U35921PB1951PLC001699. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹8.70 M.

It upholds a compliant status. Employing 1,467 professional, Its leadership includes Rishi Pahwa (Managing Director), Bhupinder Singh Dhiman (Director), Gurpreet Kaur (Director). Past directors included Rishi Pahwa, Sohan Lal Pahwa, Bhupinder Singh Dhiman. It holds ₹274.70 Cr open charges and ₹551.98 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at G T Roaddhandari Kalan Ludhiana, Punjab, Punjab, 141003.

Company Details

CIN/LLPIN
U35921PB1951PLC001699
Registration Number
001699
Incorporation Date
01 October 1951
Authorized Capital
₹2.00 Cr
Paid-Up Capital
₹8.70 M
ROC Code
Roc Chandigarh
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.00 Cr as on 22-12-2025
Paid Up Capital ₹ 8.70 M as on 22-12-2025
Company Age 74 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 274.70 Cr as on 22-12-2025
Satisfied Charges ₹ 551.98 Cr as on 22-12-2025
Revenue Growth **** 2.31% (FY 2023)
Profit Growth **** 3.42% (FY 2023)
Ebitda **** -23.95% (FY 2023)
Net Worth -22.40% (FY 2023)
Total Assets -21.31% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Avon Cycles Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Avon Cycles Ltd?

Current Directors

Name	Designation	Appointment Date	Status
Rishi Pahwa	Managing Director	01 Jun 2003	Current
Bhupinder Singh Dhiman	Director	23 Aug 2022	Current
Gurpreet Kaur	Director	04 Feb 2023	Current
Anil Arora	Director	20 Nov 2017	Current
Bhavdeep Sardana	Director	30 Nov 2021	Current
Onkar Singh Pahwa	Managing Director	11 Apr 1983	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	01 May 2015	Past
Pramod Abcsdd	Managing Director	01 Jan 2008	Past
Pramod Abcsdd	Additional Director	30 Sep 2022	Past
Pramod Abcsdd	Additional Director	29 Sep 2023	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past
Pramod Abcsdd	Director	10 Sep 2020	Past

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Financial Performance of Avon Cycles.

Avon Cycles Ltd, for the financial year ended 2023, experienced modest growth in revenue, with a 2.31% increase. The company also saw a slight improvement in profitability, with a 3.42% increase in profit. The company's net worth observed a substantial decline by a decrease of 22.4%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

2.31%

*******

Revenue from Operations

*******

5.60%

*******

Total Assets

*******

-21.31%

*******

Profit or Loss

*******

3.42%

*******

Net Worth

*******

-22.40%

*******

EBITDA

*******

-23.95%

*******

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What is the Ownership and Shareholding Structure of Avon Cycles?

In 2023, Avon Cycles had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹2,747,000,000.00

Satisfied Charges

₹5,519,827,685.00

Charges Breakdown by Lending Institutions

Others : 220.00 Cr
Hdfc Bank Limited : 22.00 Cr
Axis Bank Limited : 20.00 Cr
State Bank Of India : 10.00 Cr
Industrial Finace Corporation Of India : 2.70 Cr

Latest Charge Details

Date	Lender	Amount	Status
19 Jan 2019	Others	₹50.00 Cr	Open
19 Jan 2019	Others	₹10.00 Cr	Open
29 Jul 2015	Others	₹50.00 Cr	Open
07 Oct 2011	Axis Bank Limited	₹20.00 Cr	Open
03 Dec 2003	State Bank Of India	₹10.00 Cr	Open

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How Many Employees Work at Avon Cycles?

Avon Cycles has a workforce of 1467 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Avon Cycles, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Avon Cycles's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Avon Cycles

Recent Activity within the Organization

Annual General Meeting

Avon Cycles Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Charges

A charge registered on 11 Oct 1985 via Charge ID 90170339 with State Bank Of India was fully satisfied on 05 Sep 2025. was recorded as a recent event.
05 Sep 2025
Charges

A charge registered on 28 Aug 1984 via Charge ID 90171613 with State Bank Of India was fully satisfied on 05 Sep 2025. was recorded as a recent event.
05 Sep 2025
Balance Sheet

The activity Avon Cycles Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh. was completed.
31 Mar 2025
Charges

The activity A charge registered on 15 Feb 2021 via Charge ID 100425464 with Hdfc Bank Limited was fully satisfied on 28 Mar 2025. was completed.
28 Mar 2025
Charges

Progress on A charge registered on 12 Feb 2020 via Charge ID 100328055 with Hdfc Bank Limited was fully satisfied on 28 Mar 2025. was documented.
28 Mar 2025

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