Avon Newage Cycles Private Limited - Company Profile

It is a automotive private limited company based in Ludhiana, Punjab, India, established in 2020.

2020 Ludhiana, Punjab, India Active

Last Updated: January 06, 2026

About Avon Newage Cycles Private Limited

Avon Newage Cycles Private Limited, a active private limited company, was established on 16 September 2020 in Ludhiana, Punjab, India. Engaging in bicycle mfg & retail within the manufacturing sector, it holds CIN: U35999PB2020PTC051894. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹75.00 Cr and a paid-up capital of ₹68.95 Cr.

Employing 180 professional, Its leadership includes Rishi Pahwa (Managing Director), Onkar Singh Pahwa (Director), Mandeep Singh Pahwa (Director). Past directors included Rishi Pahwa. It holds ₹42.00 Cr open charges and ₹37.00 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Avon Cycles Premises G.T. Road, Dhandari Kalan, Ludhiana, Punjab, 141003.

Company Details

CIN/LLPIN
U35999PB2020PTC051894
Registration Number
051894
Incorporation Date
16 September 2020
Authorized Capital
₹75.00 Cr
Paid-Up Capital
₹68.95 Cr
ROC Code
Roc Chandigarh
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 75.00 Cr as on 06-01-2026
Paid Up Capital ₹ 68.95 Cr as on 06-01-2026
Company Age 5 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 42.00 Cr as on 06-01-2026
Satisfied Charges ₹ 37.00 Cr as on 06-01-2026
Revenue Growth **** % (FY 2022)
Net Worth 335.51% (FY 2022)
Total Assets **** 612.39% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Avon Newage Cycles Private Limited — 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 Newage Cycles Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rishi Pahwa	Managing Director	16 Sep 2020	Current
Onkar Singh Pahwa	Director	16 Sep 2020	Current
Mandeep Singh Pahwa	Director	16 Sep 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	31 Jan 2024	Past

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Financial Performance of Avon Newage Cycles.

Avon Newage Cycles Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth Soared by an impressive increase of 335.51%.

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

********

*******

Revenue from Operations

*******

Total Assets

*******

612.39%

*******

Profit or Loss

*******

Net Worth

*******

335.51%

*******

EBITDA

*******

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What is the Ownership and Shareholding Structure of Avon Newage Cycles?

In 2022, Avon Newage Cycles had a promoter holding of 100.00%. 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

₹420,000,000.00

Satisfied Charges

₹370,000,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 22.00 Cr
Others : 20.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
24 May 2023	Hdfc Bank Limited	₹5.00 Cr	Open
02 Mar 2023	Others	₹5.00 Cr	Open
23 Dec 2022	Hdfc Bank Limited	₹17.00 Cr	Open
27 Jan 2022	Others	₹15.00 Cr	Open
18 Sep 2021	Hdfc Bank Limited	₹37.00 Cr	Satisfied

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How Many Employees Work at Avon Newage Cycles?

Avon Newage Cycles has a workforce of 180 employees as of Mar 28, 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 Newage 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 Newage Cycles's trajectory.

Rating

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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 Newage Cycles

Recent Activity within the Organization

Annual General Meeting

Progress on Avon Newage Cycles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.
30 Sep 2025
Balance Sheet

Progress on Avon Newage Cycles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh. was documented.
31 Mar 2025
Charges

A charge registered on 18 Sep 2021 via Charge ID 100492204 with Hdfc Bank Limited was fully satisfied on 09 Jul 2024. was recorded as a recent event.
09 Jul 2024
Director Appointment

Progress on Jahanvi Sharma was appointed as a Cfo was appointed as a Cfo on 13 Feb 2024 & has been associated with this company since 2 years 8 days . was documented.
13 Feb 2024
Charges

The activity A charge with Hdfc Bank Limited of Rs. 17.00 Cr registered on 23 Dec 2022 with Charge ID 100668601 was modified on 18 Jan 2024. was completed.
18 Jan 2024
Charges

A charge with Hdfc Bank Limited of Rs. 5.00 Cr registered on 24 May 2023 with Charge ID 100730106 was modified on 06 Dec 2023. was recorded as a recent event.
06 Dec 2023

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