Avon Cycles Ltd - Due diligence report

A 360° intelligence report on Avon Cycles: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

1951-10-01 Punjab, Punjab Active Unlisted Active Compliant
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Avon Cycles — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Avon Cycles is assessed as Low Risk with a Trust Score of 84/100. Avon Cycles is an active public limited indian non-government company incorporated in 1951, operating in the Environment sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 07 Aug 2026 from the latest processed filings. Avon Cycles Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 85/100 Low Risk
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A1).

Charges position: 8 open (274.70 cr) · 61 satisfied (551.98 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited13 48.0 cr
Others7 48.0 cr
Punjab National Bank24 48.0 cr
State Bank Of India2 48.0 cr
State Bank Of India8 48.0 cr
Axis Bank Limited2 48.0 cr
Compliance Score: 62/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 4 court forum(s).
  • 3 auditor resignation(s) filed - latest: H.K. CHITKARA & COMPANY on 2023-02-04.
  • Delayed payments to MSME suppliers disclosed (34 disclosure(s)).
  • 11 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
RISHI PAHWA 01234567 Director 01/04/2018 6 yrs Approved
BHUPINDER SINGH DHIMAN 01234567 Director 01/04/2018 6 yrs Approved
GURPREET KAUR 01234567 Director 01/04/2018 6 yrs Approved
ANIL ARORA 01234567 Director 01/04/2018 6 yrs Approved
BHAVDEEP SARDANA 01234567 Director 01/04/2018 6 yrs Approved
ONKAR SINGH PAHWA 01234567 Director 01/04/2018 6 yrs Approved
MANDEEP SINGH PAHWA 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
1
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Avon Newage Cycles Private Limited Subsidiary Company 74.00%

Key managerial personnel: RISHI PAHWA (Managing Director) · ONKAR SINGH PAHWA (Managing Director) · MANDEEP SINGH PAHWA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 90
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
EPFO headcount growing - hiring signal.
Operating for 74+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
8 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 3.66 cr.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 274.70 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
05 Sep 2025
Charge satisfied
State Bank Of India
30 Apr 2025
Director ceased
MANDEEP SINGH PAHWA
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Mar 2025
Charge satisfied
Hdfc Bank Limited
29 Feb 2024
Charge satisfied
Others
29 Sep 2023
Director ceased
GURPREET KAUR
26 Jun 2023
Charge satisfied
Hdfc Bank Limited
28 Apr 2023
Charge satisfied
Others
04 Feb 2023
Director appointed
GURPREET KAUR (Director)
18 Oct 2022
Charge satisfied
Hdfc Bank Limited
30 Sep 2022
Director ceased
BHUPINDER SINGH DHIMAN
Director ceased
MAHESH KUMAR MITTAL
Director ceased
BHAVDEEP SARDANA
23 Aug 2022
Director appointed
BHUPINDER SINGH DHIMAN (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
11 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Tatamotors U34101MH2006PLC164771 Mumbai, Maharashtra, India
Mahle Engine Components India Private Limited U51909MP1983PTC029974 Dhar, Madhya Pradesh, India
Trmn U34300KA2008PTC047401 Bangalore, Karnataka, India
York Transport Equipment U60200PN2008FTC146906 Maval, Maharashtra, India
Escorts U34300HR2019FTC078790 Faridabad, Haryana, India
Hero Electric U34200DL2010PTC206520 New Delhi, Delhi, India
Braithwaite U74210WB1976GOI030798 Kolkata, West Bengal, India
Albonair India U74110TN2009PTC073654 Chennai, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Avon Cycles before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Avon Cycles: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Avon Cycles - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Avon Cycles pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Avon Cycles - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Avon Cycles an active company?

Avon Cycles has MCA status “Active” with a compliance score of 62/100 (Moderate).

Is Avon Cycles financially healthy?

Avon Cycles has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Avon Cycles?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Avon Cycles?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Avon Cycles have loans or charges against its assets?

8 open charge(s) are registered against its assets, and 61 earlier charge(s) stand satisfied.

Is Avon Cycles up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).

Is it risky to lend to Avon Cycles?

Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.