About Avon Ispat & Power Limited
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Avon Ispat & Power Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 10 April 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1968PLC002754. Its GSTIN is 03AABCA4141Q1ZS (Punjab). The company holds 11 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹1.68 Cr. It was formerly known as Avery Cycle Industries Private Ltd and Avery Cycle Industries Ltd. It is led by directors including Abhinav Pahwa (Managing Director) and Siddharth Pahwa (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at G T Roaddhandari Kalan Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹682.27 Cr. For the same year it recorded a net profit of ₹24.52 Cr (net margin 3.6%) and EBITDA of ₹40.85 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 623 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹170 Cr and satisfied charges of ₹1,923.08 Cr on record. Court records list 317 cases involving the company, including 228 filed by the company and 89 filed against it; 45 cases are pending. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹84 Lakh; the latest was in March 2023. Its 8 peer companies in the Metals and Minerals industry (Pipes, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Aamor Inox Limited with revenue of ₹695.21 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avonispat.com.
Company details
Name history
Avon Ispat & Power has undergone 2 name changes throughout its history. The company was previously known as Avery Cycle Industries Private Ltd, and Avery Cycle Industries Ltd. The current legal name is Avon Ispat & Power Limited.
| Company Name | Status |
|---|---|
| Avon Ispat & Power Limited | Current |
| Avery Cycle Industries Private Ltd | Previous |
| Avery Cycle Industries Ltd | Previous |
CIN history
Avon Ispat & Power has one previous CIN (Corporate Identification Number): L35921PB1968PLC002754. The current CIN is U35921PB1968PLC002754, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35921PB1968PLC002754 | Current |
| L35921PB1968PLC002754 | Previous |
Contact details
Avon Ispat & Power Limited's registered office is in Ludhiana, Punjab. Its website is avonispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG T Roaddhandari Kalan Ludhiana, Punjab, India – 141003
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Avon Ispat & Power Limited, buy the company report.
- 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
Business activity
The main business activity of Avon Ispat & Power is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Avon Ispat & Power Limited, buy the company report.
Financials of Avon Ispat & Power Limited
FY 2024 filings availableAvon Ispat & Power Limited reported revenue of ₹682.27 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years. EBITDA fell 12% 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 |
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| EBITDA | ₹40.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.52 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Avon Ispat & Power Limited, buy the company report.
Board of directors of Avon Ispat & Power Limited
Avon Ispat & Power has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamla Pahwa | Director | 04 Nov 2006 | 19 Years 11 Months | Current |
| Abhinav Pahwa Also directs: Pahwa Investments Pvt Ltd | Managing Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Siddharth Pahwa Also directs: Pahwa Investments Pvt Ltd | Whole-Time Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Abhinav Singh | Additional Director | 07 Apr 2025 | 1 Years 6 Months | Current |
| Indermohan Singh Sood Also directs: Pahwa Investments Pvt Ltd, Sood Packs (India) Private Limited | Director | 03 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Avon Ispat & Power Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Pipes, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aamor Inox Limited | ₹695.21 Cr (FY 2025) | 4.0% | Delhi, India | |||
| Jaideep Metallics & Alloys Private Limited | ₹694.4 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India | |||
| Nav Durga Fuel Private Limited | ₹692.65 Cr (FY 2025) | 4.0% | Sreebhumi, West Bengal, India | |||
| Avon Ispat & Power Limitedthis company | ₹682.27 Cr (FY 2025) | ₹24.52 Cr | 3.6% | 623 | Ludhiana, Punjab, India | |
| Shyam Steel Works Private Limited | ₹682.12 Cr (FY 2025) | 8466.0% | Kolkata, West Bengal, India | |||
| Shree Waris Piya Steel Company Private Limited | ₹680.26 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Mohit Ispat Private Limited | ₹679.19 Cr (FY 2024) | 3.0% | Bicholim, Goa, India | |||
| Premier Bars Limited | ₹679.02 Cr (FY 2025) | -1.0% | Jaipur, Rajasthan, India | |||
| A One Ispat Private Limited | ₹676.51 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Avon Ispat & Power Limited, buy the company report.
Auditor
Avon Ispat & Power Limited is audited by M/S H.K. Chitkara & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S H.K. Chitkara & Co. | FY 2023 | 001571N |
Shareholding
The shareholding of Avon Ispat & Power Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avon Ispat & Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2015 | 10580786 | Others | ₹170 Cr | Open | |
| 12 Oct 2021 | 100489586 | Yes Bank Limited | ₹45 Cr | Satisfied | |
| 12 Jul 2021 | 100475683 | Hdfc Bank Limited | ₹83 Cr | Satisfied | |
| 31 Jul 2018 | 100198931 | Others | ₹25 Cr | Satisfied | |
| 28 Feb 2018 | 100164061 | Hdfc Bank Limited | ₹42 Cr | Satisfied |
To see the full charge records of Avon Ispat & Power Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Avon Ispat & Power Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹84 Lakh; the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2016 | Funding round | ₹84 Lakh | Investors: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Avon Ispat & Power 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
Avon Ispat & Power Limited has 317 court cases on record: 228 filed by Avon Ispat & Power, 89 filed against it. 45 cases are pending and 272 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 276 | 67 | 44 |
| High courts | 34 | 20 | 1 |
| NCLT | 4 | 1 | 0 |
| Supreme Court | 2 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 317)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Ark Engineering Private Ltd and 2 others | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against M/S Sij Chains Limited and 2 others | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Ark Engineering Pvt Ltd | Pending |
| District court, Faridabad, Haryana | Commercial suit | Filed by the company against Five Ess Precision Components Private Limited Through Its Director and 1 other | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S KW Rims India Pvt Limited and 3 others | Pending |
To see the full case history of Avon Ispat & Power 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
No delayed payments to MSME suppliers are on our record for Avon Ispat & Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avon Ispat & Power Limited has a workforce of 623 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Avon Ispat & Power has 11 GST registrations: 2 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA4141Q1ZS | Punjab | Active | 01 Jul 2017 |
| 29AABCA4141Q1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avon Ispat & Power Limited, buy the company report.
Recent activity
Avon Ispat & Power Limited has 10 board changes on record since 2006: 5 appointments and 5 cessations. The latest: Abhinav Singh was appointed as Additional Director on 07 Apr 2025.
93 earlier events are in the company report.
Frequently asked questions
Avon Ispat & Power is an active public limited company based in Ludhiana, Punjab, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 10 April 1968 (58+ years old) and is registered under CIN U35921PB1968PLC002754.
Avon Ispat & Power has 5 current directors:
- Abhinav Pahwa - Managing Director
- Siddharth Pahwa - Whole-Time Director
- Kamla Pahwa - Director
- Abhinav Singh - Additional Director
- Indermohan Singh Sood - Director
The latest financial statements of Avon Ispat & Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avon Ispat & Power is 03AABCA4141Q1ZS, registered in Punjab. The company has 11 GST registrations in all, of which 2 are active and 9 are cancelled or inactive. Other active GSTINs include 29AABCA4141Q1ZE (Karnataka).
The CIN (Corporate Identification Number) of Avon Ispat & Power is U35921PB1968PLC002754. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avon Ispat & Power has 317 court cases on record: 228 filed by the company and 89 filed against it. 45 are pending. Most are in the district courts.
Avon Ispat & Power was incorporated on 10 April 1968, making it 58+ years old. It is registered with the Registrar of Companies, Chandigarh.
Avon Ispat & Power has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹84 Lakh; the latest was in March 2023.
The peers of Avon Ispat & Power by revenue are Aamor Inox Limited, Jaideep Metallics & Alloys Private Limited, Nav Durga Fuel Private Limited, Shyam Steel Works Private Limited, Shree Waris Piya Steel Company Private Limited and 3 more, all in the Metals and Minerals industry (Pipes, Steel), with the same principal business activity (metal and metal products).
Abhinav Singh was appointed as Additional Director on 07 Apr 2025. Arun Goyal ceased to be Director on 02 Mar 2025. Abhinav Pahwa ceased to be Whole-Time Director on 18 Jul 2022. Avon Ispat & Power has 10 board changes on record in total.
Avon Ispat & Power can be reached through the website avonispat.com. Its registered office is in Ludhiana, Punjab, India.
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