AVTEC - About the company
AVTEC is an acquired company based in Delhi (India), founded in 1994. It operates as a Manufacturer of automotive and off-highway powertrain components. AVTEC has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 7069 active competitors, including 57 funded and 745 that have exited. Its top competitors include companies like Uno Minda, CIE Automotive and Motherson Group.
Company Details
Manufacturer of automotive and off-highway powertrain components. The company designs and manufactures engines, transmissions, and high-precision parts such as cylinder heads, blocks, crankshafts, and gears. Its customer base includes major domestic and international original equipment manufacturers in the automotive, off-highway, defense, agriculture, and railway sectors. The company's manufacturing capabilities span the entire value chain, from design to production.
- Website
- www.avtec.in
- Social
- Email ID
- *****@avtec.in
- Phone Number
- +91 **********
- Registered Address
- PITHAMPUR INDUSTRIAL AREASECTOR-III PO SAGORE DHAR M.P., M.P, Madhya Pradesh, India, 454774
Key Metrics
Founded Year
1994
Location
Delhi, India
Stage
Acquired
Latest Funding Round
Last Known Valuation
$***** as on Mar 11, 2019
Investors
Ranked
674th among 7069 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
216 as on Aug 31, 2025
Investment & Acquisitions
Exit Details
Acquired by Motorola Solutions (Mar 11, 2019)
Legal entities associated with AVTEC
AVTEC is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
AVTEC LIMITED CIN: U34103MP2005PLC017319 , India, Active | Feb 08, 2005 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 216 (As on Aug 31, 2025) |
AVTEC's acquisition details
AVTEC got acquired by Motorola Solutions on Mar 11, 2019.
Click here to take a look at AVTEC's acquisition in detail
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AVTEC's funding and investors
AVTEC has raised funding over 1 round. Its latest funding round was a PE round on Apr 15, 2013 for $*****. 1 investor participated in its latest round. AVTEC has 1 institutional investor.
Here is the list of recent funding rounds of AVTEC:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 15, 2013 | 4625695 | PE | 1060461 | 3349573 | 2552758 | 9341415 |
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AVTEC's founders and board of directors
Founder? Claim ProfileAVTEC's Board of Directors
AVTEC's board has 6 active members. Chandrakant Birla, Ananthanarayanan Sankara Narayanan and Tejkrishan Rammurti Rajput are part of team and Srinivasa Varadhan Varadhan Tirumalai Tirumalai Echambadi, Rajat Mukherjee and Abhilasha Mimani are independent board members.Here is the list of AVTEC's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
gisecam | Team | - | Current | 6y 8m |
Investor | - | Current | 21y 4m | |
Investor | - | Current | 21y 4m | |
Independent board member | - | Current | 6y 8m | |
iei{glf | Independent board member | - | Current | 3y 4m |
ycpwkod | Independent board member | - | Past | 5y 2m |
AVTEC's employee count trend
AVTEC has 216 employees as of Aug 25. The total employee count is 8.0% lower than what it was in Aug 24. Here is AVTEC's employee count trend over the years:
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AVTEC's Competitors and alternates
Top competitors of AVTEC include Uno Minda, CIE Automotive and Motherson Group. Here is the list of Top 10 competitors of AVTEC, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of automotive components and systems for original equipment manufacturers | $12.3M | 72/100 | ||
2nd |  CIE Automotive 2002, Bilbao (Spain), Public | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | $16.3M | 69/100 | |
3rd |  Motherson Group 1975, Noida (India), Public | Global manufacturing and engineering specialist delivering integrated design, production, and logistics solutions across automotive and life‑science sectors | - | 68/100 | |
4th |  Endurance Technologies 1985, Aurangabad (India), Public | Automotive components manufacturer specializing in aluminum die-casting, suspension, transmission, and braking systems | $104M | 67/100 | |
5th | Manufacturer of automotive components | $50M | 67/100 | ||
6th | Rane Group 1929, Chennai (India), Public | Manufacturer of safety and critical automotive components for mobility applications | - | 65/100 | |
7th | Manufacturer of automotive cooling, piston systems, and aftermarket components | - | 65/100 | ||
8th | Schaeffler 1946, Herzogenaurach (Germany), Public | Manufacturer of bearings for the automotive industry | - | 65/100 | |
9th |  BorgWarner 1928, Auburn Hills (United States), Acquired | Manufacturer of multiple automotive parts and accessories | - | 64/100 | |
10th | Manufacturer and supplier of auto components | - | 64/100 | ||
674th | Manufacturer of automotive and off-highway powertrain components | - | 37/100 |
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Financials of AVTECFY 26 Available
AVTEC LIMITED, the legal entity associated with AVTEC, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of AVTEC LIMITED has a compounded annual growth rate (CAGR) of 13% in the last 1 year.
Financial Statement Summary
Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 3179 | 9082 | 5925 | 4163 | 7044 |
Total Sales | 2744 | 2188 | 3863 | 4979 | 8829 |
Total Expenses | 1003 | 4507 | 5367 | 5414 | 7066 |
Operating Expenses | 7841 | 8391 | 7494 | 8630 | 8318 |
Employee Expenses | 4680 | 1139 | 4487 | 7491 | 6148 |
Operating Income (EBIT) | 5447 | 7017 | 1042 | 1498 | 9693 |
Interest Expenses | 3706 | 2038 | 9888 | 1138 | 2521 |
Expenses from other activities | 2348 | 3123 | 1616 | 4826 | 2520 |
EBITDA | 7008 | 1848 | 5078 | 7267 | 9488 |
Taxes | 2332 | 8941 | 8650 | 1673 | 6135 |
Net Profit | 4998 | 5646 | 9995 | 4043 | 1639 |
Balance Sheet | |||||
Assets | 5246 | 8270 | 3301 | 8894 | 4346 |
Cash Equivalent | 4287 | 8475 | 8446 | 1126 | 3669 |
Accounts Receivables | 2257 | 4063 | 9280 | 7593 | 8997 |
Inventory | 3151 | 8270 | 9511 | 8503 | 1048 |
Liabilities | 9981 | 3911 | 1672 | 9595 | 7113 |
Total Debt | 6651 | 6935 | 9752 | 5370 | 5382 |
Accounts Payable | 7288 | 8256 | 7942 | 7581 | 3586 |
Equities | 6795 | 8742 | 9693 | 3829 | 8316 |
Cashflow Statement | |||||
Cash from Operating activities | 4101 | 9347 | 9707 | 7939 | 4784 |
Cash from Investing activities | 7677 | 1436 | 5454 | 6660 | 1406 |
Net cash from Financing activities | 7563 | 8282 | 4357 | 7568 | 1166 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
AVTEC's Investments and acquisitions
AVTEC has acquired ASSAG. AVTEC has not made any investments as of now.Reports related to AVTEC
Here is the latest report on AVTEC's sector:
News related to AVTEC
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Saietta Group new AVTEC partnership to build and jointly promote eDrives in IndiaDirectorsTalk Interviews•Mar 20, 2023•Saietta Electric Drive, AVTEC
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Allison Transmission’s Acquisition of AVTEC’s Off-Highway Transmission Portfolio and Off-Highway Component Machining BusinessGlobal Legal Chronicle•Sep 29, 2021•Allison Transmission, AVTEC
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Motorola Solutions Acquires Avtec, Inc., Leader in Dispatch CommunicationsBusiness Wire•Mar 11, 2019•Motorola Solutions, Avtec, AVTEC, Motorola Mobility and 3 others
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Groupe PSA & the CK Birla Group inaugurate their first Powertrain JV plant in IndiaAutomotive World•Nov 22, 2018•PSA Group, AVTEC, CK Birla Group, The Brand Ambassador
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