Avro India Ltd Share Price

Avon India Limited was originally incorporated as a Private Limited Company with the name 'Nira Investments Private Limited' on July 01, 1996. Thereafter the name of the Company was changed from 'Nira Investments Private Limited' to 'Nira Marketing Appliances Private Limited' on August 01, 2002. Subsequently the name of the Company was changed from 'Nira Marketing Appliances Private Limited' to 'Avon Moldplast Private Limited' on November 11, 2002. The Company was made a Public Limited Company and the name of the Company was changed Avon Moldplast Limited' on March 01, 2018 and thereafter, it was renamed as Avon India Limited in 2022. The Company is a plastic Molded Furniture entity in products manufactured with imported machines under the brand name of 'AVON' since 2002. The Company has a fully functional manufacturing facility located at Ghaziabad, in Uttar Pradesh. The Company's product profile is classified as Molded Chairs, Molded Stools, Molded Tables and Molded Baby Chairs and Baby Desks. The machineries installed at the manufacturing facility of the Company located at Ghaziabad consist of Injection Molding M/c - Ferromatic - 1 Unit; Injection Molding M/c - Huayuan 780 - 1 Unit; Injection Molding M/c - Haitian 650 - 1 Unit and Injection Molding M/c - Haitai 7300 - 1 Unit. Apart from the above, the Company has one unit of 400 KVA Generator Set, Air Compressors, Cooling Tower, Cutter, Electrical Installations, Air Conditioners, Fire Fighting Equipment, Grinding Machine, Hoist Crane, Mixture Machine, Plastic Dana Machine, Laboratory Equipment, Weighing Scale, Transformer etc. The Company has pioneered the use of 'Regenerated' polymers as opposed to 'Virgin' polymers, which is a primary Raw Material used for the production of plastic moulded furniture. The Company came up with a Public Issue of 884,000 Equity Shares by raising capital aggregating to Rs 4.50 Crore in July, 2018. In 2021-22, the Company launched Almirahs and new models of plastic chairs and tables. In 2023, it started manufacturing polymer by using plastic waste for inhouse consumption. Thereafter, the Company commenced a new plant for recycling facility with capacity of 300 metric ton per month w.e.f. 22nd December, 2022. The Company has launched plastic cabinet, shoe racks, cafe stool, Mars, etc in FY 2025.