Aavas Financiers Limited

Founded in 2011 and headquartered in Rajasthan, India.

2011 | Jaipur, Rajasthan (India) | Active
Last Updated:

Aavas Financiers Profile

Key Indicators

  • Authorised Capital ₹ 85.00 Cr
  • Paid Up Capital ₹ 79.14 Cr
  • Company Age 14 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 19,916.46 Cr
  • Satisfied Charges ₹ 4,080.68 Cr
  • Revenue Growth 23.33%
  • Profit Growth 20.54%
  • Ebitda 22.24%
  • Net Worth 16.41%
  • Total Assets 21.69%

About Aavas Financiers

Aavas Financiers Limited (AFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 February 2011 and has a history of 14 years and one month. Its registered office is in Jaipur, Rajasthan, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 541988 and on the National Stock Exchange(NSE) under AAVAS.

The Corporate was formerly known as Auh Housing Financiers Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 85.00 Cr and a paid-up capital of Rs 79.14 Cr.

The company currently has active open charges totaling ₹19,916.46 Cr. The company has closed loans amounting to ₹4,080.68 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Aavas Financiers Limited India are Ghanshyam Rawat as Cfo, Sachinderpalsingh Bhinder as Ceo, and Sharad Pathak as Company Secretary. Sandeep Tandon, Vivek Vig, Ramchandra Kamath, and Six other members serve as directors at the Company.

Company Details

  • Location

    Jaipur, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L65922RJ2011PLC034297

  • Company No.

    034297

  • Stock Symbol

    BSE : 541988 NSE : AAVAS

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Feb 2011

  • Date of AGM

    07 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Jaipur

Industry

Financial Services

What products or services does Aavas Financiers Limited offer?

Aavas Financiers Limited offers a wide range of products and services, including Home, Auto & Other Loan Services, Loan Service Providers.

Who are the key members and board of directors at Aavas Financiers?

Executive Team (3)

NameDesignationAppointment DateStatus
Ghanshyam Rawat Country flag representing In CFO01-Jun-2014Current
Sachinderpalsingh Bhinder Country flag representing In Managing Director03-May-2023Current
Sharad Pathak Country flag representing In Company Secretary03-Sep-2012Current

Board Members (8)

NameDesignationAppointment DateStatus
Vivek Vig Country flag representing In Nominee Director 14-Jul-2016Current
Soumya Rajan Country flag representing In Director 29-Aug-2019Current
Sandeep Tandon Country flag representing Us Director 27-Jul-2017Current
Nishant Sharma Country flag representing In Nominee Director 23-Jun-2016Current
Manas Tandon Country flag representing In Nominee Director 23-Jun-2016Current
Ramchandra Kamath Country flag representing In Nominee Director 14-Jul-2016Current

Financial Performance of Aavas Financiers.

Aavas Financiers Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.33% increase. The company also saw a substantial improvement in profitability, with a 20.54% increase in profit. The company's net worth Soared by an impressive increase of 16.41%.

Aavas Financiers revenue growth over time
Aavas Financiers profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
23.33%
Revenue from Operations
23.30%
Total Assets
21.69%
Profit or Loss
20.54%
Net Worth
16.41%
EBITDA
22.24%

What is the Ownership and Shareholding Structure of Aavas Financiers?

In 2023, Aavas Financiers had a promoter holding of 39.14% and a public holding of 60.85%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹19,916.46 Cr

Satisfied Charges

₹4,080.68 Cr

Charges Breakdown by Lending Institutions

  • Others : 11448.87 Cr
  • State Bank Of India : 2335.00 Cr
  • Idbi Trusteeship Services Limited : 1238.40 Cr
  • Hdfc Bank Limited : 1040.80 Cr
  • Axis Bank Limited : 955.00 Cr
  • Others : 2898.39 Cr

Latest Charge Details

DateLenderAmountStatus
25 Jun 2024Others₹500.00 CrOpen
28 May 2024Others₹250.00 CrOpen
22 May 2024Indian Overseas Bank₹2.97 MOpen
18 May 2024Axis Bank Limited₹250.00 CrOpen
05 Apr 2024Indian Overseas Bank₹1.38 MOpen

How Many Employees Work at Aavas Financiers?

Aavas Financiers has a workforce of 6379 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Aavas Financiers Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Aavas Financiers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Aavas Financiers's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Aavas Financiers

Recent activity within the organization

  • Annual General Meeting

    Aavas Financiers Limited last Annual general meeting of members was held on 07 Aug 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 500.00 Cr with Charge ID 100937206 was registered on 25 Jun 2024.

  • Charges

    A charge registered on 26 Oct 2021 via Charge ID 100501627 with Others was fully satisfied on 21 Jun 2024.

  • Charges

    A charge with Others of Rs. 1,000.00 Cr registered on 10 Aug 2023 with Charge ID 100769748 was modified on 15 Jun 2024.

  • Director Appointment

    Rahul Mehta was appointed as a Additional Director was appointed as a Additional Director on 31 May 2024 & has been associated with this company since 9 months 27 days .

  • Charges

    A charge with Others amounted to Rs. 250.00 Cr with Charge ID 100935995 was registered on 28 May 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Aavas Financiers Limited?

    Aavas Financiers Limited was incorporated on 23 Feb 2011.

  • What is authorized share capital and paid-up capital of Aavas Financiers Limited?

    The authorized share capital of Aavas Financiers Limited is ₹ 85.00 Cr and paid-up capital is ₹ 79.14 Cr.

  • Who are the current board members & directors of Aavas Financiers Limited?

    Currently 12 directors are associated with Aavas Financiers Limited.

    • Sandeep Tandon
    • Vivek Vig
    • Ramchandra Kasargod Kamath
    • Kalpanaiyer
    • Nishant Sharma
    • Soumya Rajan
    • Manas Tandon
    • Sachinderpalsingh Jitendrasingh Bhinder
    • Rahul Mehta
    • Ghanshyam Rawat
    • Sachinderpalsingh Jitendrasingh Bhinder
    • Sharad Pathak

  • What is the registered address of Aavas Financiers Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Aavas Financiers Limited is 201-202 2Nd Floor South End Square Mansarover Industrial Area, - 302 020 India, Jaipur, Rajasthan, 302020.

  • What is the corporate identification number (CIN) and company number of Aavas Financiers Limited?

    The corporate identification number (CIN) of Aavas Financiers Limited is L65922RJ2011PLC034297 and the company number is 034297 as per Ministry of Corporate Affairs (MCA).

  • Is Aavas Financiers Limited registered with any stock exchange in India?

    Yes, Aavas Financiers Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): AAVAS.

  • What is the official website of Aavas Financiers Limited?

    The Official website of Aavas Financiers Limited is https://www.aavas.in

  • What has been the recent revenue trend for Aavas Financiers Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Aavas Financiers Limited has risen by 23.33%.

  • How many employees does Aavas Financiers Limited currently have?

    As Per 2023 financial reports, 6379 employees are currently employed by Aavas Financiers Limited.

  • What change has been observed in the net worth of Aavas Financiers Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Aavas Financiers Limited has experienced an upsurge of 16.41%.

  • What are the total open charges for Aavas Financiers Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Aavas Financiers Limited amount to ₹ 19,916.46 Cr.

  • When was the last Balance Sheet of Aavas Financiers Limited filed with the ROC?

    The most recent Balance Sheet for Aavas Financiers Limited was filed with the ROC on 31 Mar 2024.

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