About Avon Cycles Ltd
Data last updated: 22 December 2025
Avon Cycles Ltd is a public limited company based in Punjab, Punjab, India. It specialises in wind energy solutions, a part of the broader environmental services sector. Incorporated on 01 October 1951, the company has been in operation for over 75 years.
Registered with ROC Chandigarh under CIN U35921PB1951PLC001699.
Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹87.05 Lakh. It is led by directors including Rishi Pahwa and Bhupinder Singh Dhiman.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: G T Roaddhandari Kalan Ludhiana, Punjab, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹976.6 Cr, a decline of 18% compared to the previous year.
The company has a workforce of approximately 1,467 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - Avon E-World, Avon Cycles. As per MCA filings, the company has open charges of ₹274.7 Cr and satisfied charges of ₹551.98 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 avoncycles.com.
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Registered AddressG T Roaddhandari Kalan Ludhiana, Punjab, Punjab, India – 141003
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IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
- 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
CIN History of Avon Cycles Ltd
Avon Cycles Ltd has one previous CIN (Corporate Identification Number): L35921PB1951PLC001699. The current CIN is U35921PB1951PLC001699, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35921PB1951PLC001699 | Current |
| L35921PB1951PLC001699 | Previous |
Associated Brands with Avon Cycles Ltd
Avon Cycles Ltd operates two associated brands: Avon E-world and Avon Cycles. These brands represent Avon Cycles Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers electric vehicles like scooters and rickshaws for eco-friendly urban transport. | eworldofavon.com | |
| Bicycle manufacturing, sales, and related services in India. | avoncycles.com |
Competitors & Alternatives of Avon Cycles Ltd
Brands and companies operating in the same space as Avon Cycles Ltd include Fisker, Tesla, Greaves Electric Mobility and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Fisker
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Electric vehicles are manufactured and leased by Fisker Inc. | Los Angeles, United States, United States | 2007 |
Tesla
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Electric vehicles and solar energy products are manufactured. | Austin, United States, United States | 2003 |
Greaves Electric Mobility
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Manufacturer of electric two and three-wheelers for personal and commercial use | Bengaluru, India, India | 2008 |
PURE EV
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Lithium-based energy storage products and electric vehicles are manufactured. | Hyderabad, India, India | 2015 |
Motovolt
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Electric bicycles with advanced features are developed by Motovolt. | Kolkata, India, India | 2019 |
BAIC New Energy
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Electric vehicles are developed and engineered in Beijing, China. | Beijing, China, China | 2009 |
BNC Motors
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Electric two-wheelers with removable batteries and hub motors are manufactured. | Coimbatore, India, India | 2020 |
Business Activity of Avon Cycles Ltd
Avon Cycles Ltd is engaged in the principal business activity of manufacturing, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
Business activity turnover details for Avon Cycles Ltd
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Avon Cycles Ltd
Avon Cycles Ltd is audited by Amanpreet & Co. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Amanpreet & Co. | Locked | Locked | Locked |
Complete auditor history for Avon Cycles Ltd
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Avon Cycles Ltd
Avon Cycles Ltd is currently managed by 7 directors, with 14 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 |
|---|---|---|---|---|
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Rishi Pahwa
Also directs:
Avon Fitness Machines Private Limited, Avon Newage Cycles Private Limited, Avon Energies And Investments Private Limited and 1 more
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Managing Director | 01 Jun 2003 | 23 Years 2 Months | Current |
| Bhupinder Singh Dhiman | Director | 23 Aug 2022 | 3 Years 11 Months | Current |
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Gurpreet Kaur
Also directs:
Ceigall India Limited, Madhur Knit Crafts Limited, Ceigall Jalbehra Shahbad Greenfield Highway Private Limited and 3 more
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Director | 04 Feb 2023 | 3 Years 6 Months | Current |
| Anil Arora | Director | 20 Nov 2017 | 8 Years 8 Months | Current |
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Bhavdeep Sardana
Also directs:
Capital Small Finance Bank Limited, Scott Industries Limited, Sukhjit Mega Food Park & Infra Limited and 1 more
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Director | 30 Nov 2021 | 4 Years 8 Months | Current |
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Onkar Singh Pahwa
Also directs:
Avon Fitness Machines Private Limited, Avon Newage Cycles Private Limited, Avon Energies And Investments Private Limited and 3 more
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Managing Director | 11 Apr 1983 | 43 Years 4 Months | Current |
Financials of Avon Cycles Ltd FY 2025 filings available
Avon Cycles Ltd reported revenue of ₹976.6 Cr (down 18.00% YoY) for FY 2025.
Ten-year financial statements for Avon Cycles Ltd
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Avon Cycles Ltd
Shareholding and ownership data for Avon Cycles Ltd
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Group Structure of Avon Cycles Ltd
Avon Cycles Ltd has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Avon Cycles Ltd's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Avon Newage Cycles Private Limited | U35999PB2020PTC051894 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Avon Cycles Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jan 2019 | Others | ₹50 Cr | Open |
| 19 Jan 2019 | Others | ₹10 Cr | Open |
| 29 Jul 2015 | Others | ₹50 Cr | Open |
| 07 Oct 2011 | Axis Bank Limited | ₹20 Cr | Open |
| 03 Dec 2003 | State Bank of India | ₹10 Cr | Open |
Total charge records: 69 View all charges
Employees and EPFO Compliance at Avon Cycles Ltd
Avon Cycles Ltd has a workforce of 1,467 employees as of Apr 04, 2024.
Employee and EPFO history for Avon Cycles Ltd
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Avon Cycles Ltd
GST registrations and filing compliance for Avon Cycles Ltd
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Avon Cycles Ltd
Credit ratings, litigation, and regulatory alerts for Avon Cycles Ltd
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Avon Cycles Ltd
MSME payment history for Avon Cycles Ltd
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Avon Cycles Ltd
Corporate group structure for Avon Cycles Ltd
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Avon Cycles Ltd
MCA filings and documents for Avon Cycles Ltd
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Avon Cycles Ltd
Frequently Asked Questions about Avon Cycles Ltd
Avon Cycles Ltd is an active public limited company in the environment sector based in Punjab, Punjab, India. It was incorporated on 01 October 1951 (75+ years old) and is registered under CIN U35921PB1951PLC001699. The company has 1,467 employees.
Avon Cycles Ltd reported revenue of ₹976.6 Cr for FY 2025 (down 18.00% YoY).
The current directors of Avon Cycles Ltd are:
- Rishi Pahwa - Managing Director
- Bhupinder Singh Dhiman - Director
- Gurpreet Kaur - Director
- Anil Arora - Director
- Bhavdeep Sardana - Director
- Onkar Singh Pahwa - Managing Director
- Mandeep Singh Pahwa - Managing Director
The primary industry of Avon Cycles Ltd is environment. The company specifically operates in wind energy solutions. The company is currently active in this sector.
Avon Cycles Ltd can be reached at the registered office: G T Roaddhandari Kalan Ludhiana, Punjab, Punjab, India – 141003, or through the website avoncycles.com.
The authorised capital is ₹2 Cr, and the paid-up capital is ₹87.05 Lakh.