Armoured Vehicles Nigam Limited (AVANI) is one of the major defence industry manufacturers of India. The Government of India established AVANI in the year 2021 as part of the historic restructuring of Ordnance Factory Board. Since then, the company has played an important role in strengthening the defence production ecosystem of India. AVANI is concerned with the development of armoured fighting vehicles, main battle tanks, artillery systems and heavy military engines for the Indian Armed Forces and friendly foreign countries. With a deep technical expertise and decades of legacy manufacturing experience, AVANI is at the heart of India’s move towards defence self-reliance.
Armoured Vehicles Nigam Limited – Quick Overview
| Particular | Details |
| Company Name | Armoured Vehicles Nigam Limited (AVANI) |
| Type | Public Sector Enterprise |
| Industry | Defence Production |
| Founded | 1 October 2021 |
| Predecessor | Ordnance Factory Board |
| Headquarters | Avadi, Chennai, Tamil Nadu |
| Owner | Government of India |
| Chairman & MD | A. N. Srivastava (IOFS) |
| Key Products | Tanks, Armoured Vehicles, Artillery, Engines |
| Manufacturing Units | Avadi, Jabalpur, Medak, Ambernath |
| Official Website | avnl.co.in |
Net Worth and Market Cap
Armoured Vehicles Nigam Limited is a fully government-owned public sector undertaking and is not available on the Indian stock exchanges. Therefore, AVANI has no publicly traded market capitalisation. As per available financial disclosures, the company has a net income of approximately ₹54.19 crore. Backed by the Government of India, AVANI enjoys high institutional support and long-term defence orders which adds to its overall enterprise value and stability.
Corporate Leadership
AVANI works under the leadership of A. N. Srivastava, an Indian Ordnance Factories Service (IOFS) officer who is the Chairman and Managing Director of AVANI. The leadership team drives the company’s strategic direction, production efficiency as well as technology partnerships. With experienced defence, AVANI specialises on fulfilling the changing needs of Indian Army and other defence forces.
Overview of Services
Armoured Vehicles Nigam Limited designs, manufactures and supports a large range of Defence platforms. Its product portfolio comprises main battle tanks including Arjun MK1 and MK1A, T-72 Ajeya, T-90 tanks, infantry combat vehicles including BMP-2 Sarath, artillery systems like Dhanush and Sharang guns, bridge laying tanks, armoured recovery vehicles, mine protected vehicles.
AVANI also produces high-tech military engines, gearboxes and special vehicles such as armoured ambulances, missile carriers, and reconnaissance vehicles. The company collaborates closely with DRDO, CVRDE and BEML to support the indigenous research, development and upgrades.
Scale of Operations
Armoured Vehicles Nigam Limited has several large-scale production facilities located throughout India. Its major units are Heavy Vehicles Factory and Engine Factory, Avadi, Vehicle Factory Jabalpur, Ordnance Factory Medak, and Machine Tool Prototype Factory Ambernath. AVANI is providing equipment to the Indian Armed Forces mainly, but also facilitating the export opportunities. With a nationwide production footprint, AVANI continues to strengthen India’s defence manufacturing capabilities.
