Stock AVN AVANCEON LIMITED
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Company Avanceon Limited

Equities

AVN

PK0107501014

IT Services & Consulting

End-of-day quote Pakistan S.E.
Other stock markets
 06:00:00 2024-04-23 pm EDT 		5-day change 1st Jan Change
58.22 PKR +7.50% Intraday chart for Avanceon Limited +8.80% +11.69%
2023 Avanceon Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI
2023 TrendMiner Partners with Avanceon to Further Democratize Operational Insights CI

Business Summary

Avanceon Limited is a Pakistan-based provider of industrial automation, process control, and systems integration, as well as proprietary energy management solutions and support services. The Company's After Marketing Support (AMS) segment is engaged in the provision of services, such as technical support and service level agreements (SLAs) and related spares. Its Core Business segment includes Application Based Solutions (ABS), Systems, and Products. ABS sales include the supply of patented systems, power products, software, Variable Speed Drives (VSDs), and Variable Frequency Drives (VFDs). Systems sales are embedded solutions for multiple original equipment manufacturers (OEMs) equipment. Products include the sale of motors, analyzers, and other specialized products of OEMs. Its Specialized Business segment includes Energy Management Systems (EMS) and High End Solutions (HES). Its other segments include Manufacturing and Assembling, Engineering services business and Middle East.

Number of employees: 452

Sales per Business

PKR in Million2021Weight2022Weight Delta
Middle East
79.8 %
5,463 76.8 % 7,607 79.8 % +39.24%
Elimination
-20.4 %
-1,474 -20.7 % -1,943 -20.4 % +31.85%
After Marketing Support
17.6 %
1,229 17.3 % 1,681 17.6 % +36.80%
Engineering Back Office
7.9 %
639 9.0 % 752 7.9 % +17.72%
Core
6.1 %
469 6.6 % 585 6.1 % +24.61%
Specialized
5.2 %
427 6.0 % 494 5.2 % +15.61%
Manufacturing and Assembling
3.8 %
364 5.1 % 362 3.8 % -0.50%

Sales per region

PKR in Million2021Weight2022Weight Delta
Middle East
79.8 %
5,463 76.8 % 7,607 79.8 % +39.24%
Pakistan
40.6 %
3,128 43.9 % 3,874 40.6 % +23.85%
Elimination
-20.4 %
-1,474 -20.7 % -1,943 -20.4 % +31.85%

Managers

Managers TitleAgeSince
Bakhtiar Hameed Wain FOU
 Founder - 83-12-31
Ahsan Khalil DFI
 Director of Finance/CFO - -
Tanveer Karamat PSD
 President - 02-12-31
Amir Waheed Wain BRD
 Director/Board Member - -
Sue Schlegel SAM
 Sales & Marketing - -
Arif Shuja PRN
 Corporate Officer/Principal - 08-05-31
Junaid Mushtaq Paracha PRN
 Corporate Officer/Principal - 06-07-31

Members of the board

Members of the board TitleAgeSince
Amir Waheed Wain BRD
 Director/Board Member - -
Bakhtiar Hameed Wain FOU
 Founder - 83-12-31
Khalid Hameed Wain CHM
 Chairman - -
Tanveer Karamat PSD
 President - 02-12-31
Mohammad Shahid Mir BRD
 Director/Board Member - 20-12-13
Hanan Darwish BRD
 Director/Board Member - -
Omer Iqbal Khan BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 377,293,483 55,831,985 ( 14.80 %) 0 14.80 %

Shareholders

NameEquities%Valuation
Bakhtiar Hameed Wain
51.68 %
195,002,214 51.68 % 36 M ₨
Amir Waheed Wain
9.101 %
34,336,255 9.101 % 6 M ₨
EFU LIFE ASSURANCE LIMITED
0.7876 %
2,971,684 0.7876 % 547 949 ₨
Tundra Fonder AB
0.6250 %
2,357,941 0.6250 % 434 781 ₨
Tanveer Karamat
0.4546 %
1,715,050 0.4546 % 316 238 ₨
National Investment Trust Ltd.
0.3479 %
1,312,686 0.3479 % 242 046 ₨
Employees' Provident Fund (Sri Lanka)
0.2776 %
1,047,430 0.2776 % 193 136 ₨
Banor Capital Ltd.
0.1744 %
658,000 0.1744 % 121 329 ₨
Silk Invest Ltd.
0.1314 %
495,900 0.1314 % 91 439 ₨
Al Meezan Investment Management Ltd.
0.0983 %
370,815 0.0983 % 68 375 ₨

Company contact information

Avanceon Ltd.

Avanceon Building 19 KM, Main Multan Road

54660, Lahore

+

http://www.avanceon.com
address Avanceon Limited(AVN)

Sector

Technology
Software & IT Services
Software & IT Services
IT Services & Consulting
Other IT Services & Consulting

Sales per Business

Sales per region

Quarterly revenue - Rate of surprise

Company calendar

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