Avience Biomedicals Ltd. Company History and Annual Growth Details

Our Company was incorporated as Avience Biomedicals Private Limited under the provisions of the Companies Act, 2013 vide certificate of incorporation dated December 23,2019, in Delhi. Subsequently, our Company was converted into a Public Limited Company pursuant to shareholders resolution passed at the Extra Ordinary General Meeting of the Company held on June 26, 2024 and the name of our Company was changed from “Avience Biomedicals Private Limited” to “Avience Biomedicals Limited” vide a fresh Certificate of Incorporation dated September 03,2024 having CIN U74999DL2019PLC359158 issued by the Registrar of Companies, Central Processing Centre, Delhi. The registered office of our company is situated at C-11, Block-C, Community Centre, Janakpuri A-3, New Delhi-110058, India.

MAJOR EVENTS AND MILESTONES:

2022

- Inauguration of Noida Factory

A new production facility was established in Noida during the pandemic to support the country in its fight against COVID-19.

- Initiated E-Commerce Sales through Government e-Marketplace (GeM) OEM

We were certified as an OEM in GeM and started our e-commerce operations as a result.

2023

- Tenfold increase in turnover during FY 2021-22

We achieved an approximately tenfold growth in turnover in FY 2021-22. In FY 2020-21, the turnover was ?113.30 lakhs, which increased to ?1,014.75 lakhs year over year.

- New Manufacturing Licenses

We obtained four manufacturing licenses in FY 2021-22 which are as follows:

1. Viral Transport Pack

2. Pregnancy Card Pregnancy

3. Strips Covid 19

4. RT PCR Assay

2022

- New Manufacturing Licenses

In FY 2022-23, we received approval for 10 additional production licenses

2023

- Allotment of land

We secured an allotment of commercial land measuring 2,100 square meters within the Medical Device Park, located in the Yamuna Expressway Industrial Development Area, at a nominal lease rate. This strategically positioned land offers excellent connectivity to the airport and the expressway, enhancing logistical advantages for operations.

- First Export Consignment Dispatched

The first export order has been successfully dispatched in FY 2023-24.

- Export Entry into the African Continent – Somalia

The first export order to Somalia has been successfully completed and Company has entered the African continent.

- International Export Registration – Ethiopia

We received approval from the Ethiopian Food and Drug Authority (EFDA) to export our products.

- Winning a bid in Andhra Pradesh for ? 82.05 lakhs

We received a large government supply order after winning a bid in Andhra Pradesh for ?82.05/- lakhs.

- WHO Good Manufacturing Practice GMP Approval

The WHO recognized our manufacturing process as a Good Manufacturing Practice (GMP) for producing quality products that meet international quality standards.

- MSME ZED Gold Certification

As of November 13, 2024, there are only 1515 Zed Gold holders in India, and our company is one of them.

- New Manufacturing Licenses

In FY 2023-24, we received approval for 31 new production licenses

2024

- Laying of the foundation stone for the new factory

Laying the foundation stone for the new large production facility at the Medical Device Park at Yamuna Expressway Industrial Development Area.

- Sickle Cell Approval 

We are one of the few manufacturers in India to receive validation for the sickle cell test from ICMR.

- Received the first license for the hematology analyzer

We obtained our first license for manufacturing hematology equipment in FY 2024-25.

- Conversion of company

Transitioned to a public company, marking a significant milestone in our growth and expansion.

- New Manufacturing Licenses

In FY 2024-25, we received approval for 32 new production licenses

2025

New Manufacturing Licenses

In FY 2025-26, we received approval for 11 new production licenses

2026

New Manufacturing Licenses

In FY 2025-26, we received approval for 10 new production licenses