Avtec Profile
Key Indicators
- Authorised Capital ₹ 35.00 Cr
- Paid Up Capital ₹ 26.56 Cr
- Company Age 20 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 428.32 Cr
- Satisfied Charges ₹ 1,766.93 Cr
- Revenue Growth -8.75%
- Profit Growth -78.72%
- Ebitda -24.67%
- Net Worth 8.94%
- Total Assets -14.13%
About Avtec
Avtec Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 February 2005 and has a history of 20 years and two months. Its registered office is in Dhar, Madhya Pradesh, India.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 35.00 Cr and a paid-up capital of Rs 26.56 Cr.
The company currently has active open charges totaling ₹428.32 Cr. The company has closed loans amounting to ₹1,766.93 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avtec Limited India is Narasimhan Natarajan as CFO. Chandrakant Birla, Manjira Khurana, Srinivasa Echambadi, and Three other members serve as directors at the Company.
Company Details
- Location
Dhar, Madhya Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U34103MP2005PLC017319
- Company No.
017319
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Feb 2005
- Date of AGM
01 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Gwalior
Industry
Automotive
Energy and Power
What products or services does Avtec Limited offer?
Avtec Limited offers a wide range of products and services, including Engine & Engine Spare Parts, Industrial Engines, Steering Parts & Components, Drivetrain Components, Generators, Turbines & Power Plants, Portable Generator, Commercial Vehicles & Three Wheelers, Special Purpose Vehicle, Diesel Engine, Transmission Parts.
Avtec Limited
Explore comprehensive data for Avtec Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Avtec?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tejkrishan Rajput  | Managing Director | Current | |
| Narasimhan Natarajan | CFO | 03-Feb-2023 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manjira Khurana | Director | 27-Mar-2015 | Current |
| Ananthanarayanan Narayanan | Nominee Director | 28-Jun-2005 | Current |
| Chandrakant Birla | Nominee Director | 28-Jun-2005 | Current |
| Srinivasa Echambadi | Director | 08-May-2015 | Current |
| Rajat Mukherjee | Director | 17-Feb-2020 | Current |
Financial Performance of Avtec.
Avtec Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.75% decrease. The company also saw a substantial fall in profitability, with a 78.72% decrease in profit. The company's net worth moved up by a moderate rise of 8.94%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avtec?
In 2023, Avtec had a promoter holding of 100.00%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Hindustan Motors LtdAnanthanarayanan Narayanan is a mutual person
Webcom India Private LimitedManjira Khurana is a mutual person
Comviva Technologies LimitedRajat Mukherjee is a mutual person
Ck Birla Healthcare Private LimitedSrinivasa Echambadi is a mutual person
Orient Electric LimitedChandrakant Birla is a mutual person
Orient Paper And Industries Ltd.Chandrakant Birla is a mutual person
Charges (Loans)
Open Charges
₹428.32 Cr
Satisfied Charges
₹1,766.93 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 408.32 Cr
- Others : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Others | ₹20.00 Cr | Open |
| 01 Jun 2020 | Sbicap Trustee Company Limited | ₹408.32 Cr | Open |
| 16 Mar 2023 | Others | ₹19.00 Cr | Satisfied |
| 15 Dec 2021 | Others | ₹35.00 Cr | Satisfied |
| 04 Feb 2021 | Others | ₹25.63 Cr | Satisfied |
How Many Employees Work at Avtec?
Avtec has a workforce of 683 employees as of Mar 23, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Avtec, 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 Avtec'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.
Latest Updates, News, and FAQs on Avtec
Recent activity within the organization
- Charges
A charge registered on 15 Dec 2021 via Charge ID 100519283 with Others was fully satisfied on 05 Sep 2024.
- Charges
A charge registered on 16 Mar 2023 via Charge ID 100694910 with Others was fully satisfied on 29 Aug 2024.
- Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100899258 was registered on 28 Mar 2024.
- Charges
A charge with Sbicap Trustee Company Limited of Rs. 408.32 Cr registered on 01 Jun 2020 with Charge ID 100339133 was modified on 20 Sep 2023.
- Annual General Meeting
Avtec Limited last Annual general meeting of members was held on 01 Sep 2023 as per latest MCA records.
- Balance Sheet
Avtec Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.
Recent News, Updates & Announcement
Saietta Group and AVTEC Team Up to Revolutionize India's Electric Vehicle Industry.When Saietta Group and AVTEC join forces to make eDrives in India, it's like a match made in heaven. They're gonna be the power couple of the electric vehicle world, promoting their eco-friendly tech together. Get ready for some serious electric vibes, India! #SaiettaAVTEC #eDriveGoals #EcoFriendlyPowerCouple.
- AVTEC launches new HD transmissions for oil field applications.
Available with optional engine driven PTO, AOS 9800 offers a flexibility of mounting either direct or remote and using in-line arrangement and hydrodynamic retarder..
- Neeraj Jain quits Varroc Group; joins Avtec as MD & CEO.
Jain replaces Prabhakar Kadapa, who has moved to a new C K Birla Group firm PSA Avtec Powertrain.
- CK Birla Group arm Avtec to invest Rs 600 crore in EV, BS-VI tech.
The investment — it excludes the Rs 500 crore it is investing in PSA-Avtec Powertrain, an equally owned joint venture with French automaker PSA — will enable the company to boost its revenue to Rs 2,500 crore a year in the next three years,.
- French and Indian Companies Unite to Build Advanced Powertrain Plant in India.
When French and Indian companies join forces to build a new plant for powertrain, it's a big deal. The plant will make gearboxes and engines for both local and global markets. The companies promise to use advanced technology and provide top-notch products. This partnership is a big step for Groupe PSA in India. #PoweringUp #NewPlant #FrenchIndianCollab.
Frequently asked questions
What is the Incorporation or founding date of Avtec Limited?
Avtec Limited was incorporated on 08 Feb 2005.
What is authorized share capital and paid-up capital of Avtec Limited?
The authorized share capital of Avtec Limited is ₹ 35.00 Cr and paid-up capital is ₹ 26.56 Cr.
Who are the current board members & directors of Avtec Limited?
Currently 7 directors are associated with Avtec Limited.
- Chandrakant Birla
- Manjira Khurana
- Srinivasa Varadhan Tirumalai Echambadi
- Rajat Mukherjee
- Narasimhan Natarajan
- Tejkrishan Rammurti Rajput
- Ananthanarayanan Sankara Narayanan
What is the registered address of Avtec Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avtec Limited is Pithampur Industrial Areasector-Iii Po Sagore Dhar . India, M.P, Madhya Pradesh, 454774.
What is the corporate identification number (CIN) and company number of Avtec Limited?
The corporate identification number (CIN) of Avtec Limited is U34103MP2005PLC017319 and the company number is 017319 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avtec Limited?
The Official website of Avtec Limited is https://www.avtec.in
What has been the recent revenue trend for Avtec Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avtec Limited has fallen by -8.75%.
How many employees does Avtec Limited currently have?
As Per 2023 financial reports, 683 employees are currently employed by Avtec Limited.
What change has been observed in the net worth of Avtec Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avtec Limited has experienced an upsurge of 8.94%.
What are the total open charges for Avtec Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avtec Limited amount to ₹ 428.32 Cr.
When was the last Balance Sheet of Avtec Limited filed with the ROC?
The most recent Balance Sheet for Avtec Limited was filed with the ROC on 31 Mar 2023.
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