About
Basic Data Updated:
10 days agoThe business of manufacturing bicycles and bicycle components for both domestic and global markets is undertaken by Avon Cycles Ltd. According to a credit rating report, major components such as frames, forks, and mudguards are solely produced by the company, while the remaining are procured from local suppliers. In order to expand its product line, ACL has recently ventured into the production of e-bikes by establishing a manual assembly line. Additionally, the company has taken a step towards sustainable energy by setting up windmills for power generation. These windmills are spread across various states, with five in Tamil Nadu, three in Karnataka, two each in Gujarat and Rajasthan, and one in Maharashtra. Through contracts with the respective state governments, ACL has secured the sal... Read More
Industry
Company Details
- Location
Ludhiana, Punjab, India
- Website1222442
- Telephone1222442
- Email Address1222442
- Social Media1222442
| CIN/LLPIN/FCRN | U35921PB1951PLC001699 |
| Company No. | 001699 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 01 Oct 1951 |
| Date of AGM | 30 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Chandigarh |
Products or Services related to Avon Cycles Ltd
Electric Two Wheelers, Parts And Kits
Financials of Avon Cycles Ltd
Avon Cycles Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 15.36% increase. The company also saw a substantial fall in profitability, with a 10.78% decrease in profit. The company's net worth moved up by a moderate rise of 8.07%.
Enhance accessibility to Avon Cycles's financial data by unlocking access to both Standalone and Consolidated balance sheets, Profit & Loss Statements, Ratios, Related Party Transactions, and additional relevant information.
Corporate Structure
Unlock access to Avon Cycles's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Avon Cycles Ltd
Unlock and access historical data on people associated with Avon Cycles, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
Rishi Pahwa
Managing DirectorAppointment Date: 01-Jun-2003
Status: Current
OP
Onkar Pahwa Managing DirectorAppointment Date: 11-Apr-1983
Status: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 15 Feb 2021 | ₹20.00 Cr | Open |
Hdfc Bank Limited Creation Date: 12 Feb 2020 | ₹20.00 Cr | Open |
Hdfc Bank Limited Creation Date: 11 Nov 2019 | ₹20.00 Cr | Open |
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.
Alert
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.
Related Corporates (Common Directorship)
Avon Newage Cycles Private Limited
Active
3 years 7 months Mandeep Pahwa, Rishi Pahwa and 1 more are mutual person
Avon Infrabiz Private Limited
Active 7 years 9 months Mandeep Pahwa, Rishi Pahwa and 1 more are mutual person
Avon Fitness Machines Private Limited
Active 10 years 8 months Mandeep Pahwa, Rishi Pahwa and 1 more are mutual person
Recent activity within the organization
Charges
A charge registered on 11 Aug 2020 via Charge ID 100373906 with Others was fully satisfied on 29 Feb 2024.
29 Feb 2024Annual General Meeting
Avon Cycles Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
30 Sep 2023Charges
A charge registered on 17 Nov 2021 via Charge ID 100521921 with Hdfc Bank Limited was fully satisfied on 26 Jun 2023.
26 Jun 2023Charges
A charge registered on 29 Feb 2020 via Charge ID 100334042 with Others was fully satisfied on 28 Apr 2023.
28 Apr 2023Balance Sheet
Avon Cycles Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.
31 Mar 2023
Recent News, Updates & Announcement
Avon Cycles files Rs 105 Cr fraud case against automobile dealer.According to Onkar Singh Pahwa chairmancummanaging director of Avon Cycles the owners of MS Swani Motors Services duped his company of Rs1050 crore which was initially taken as a loan from them.
TNN 29 May 2019
- GreenSignal Bio Pharma plans IPO in October to raise Rs100 crore Mint.
GreenSignal Bio Pharma says the IPO will constitute up to 38 of the fully diluted postoffer paidup equity share capital.
mint 24 Aug 2016
Frequently asked questions
What is the Incorporation or founding date of Avon Cycles Ltd?
