Addverb Technologies Profile
Key Indicators
- Authorised Capital ₹ 2.90 Cr
- Paid Up Capital ₹ 5.35 M
- Company Age 8 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 395.00 Cr
- Satisfied Charges ₹ 7.50 Cr
- Revenue Growth -30.77%
- Profit Growth -1356.57%
- Ebitda -245.17%
- Net Worth -11.24%
- Total Assets 9.93%
About Addverb Technologies
Addverb Technologies Limited (ATL) is a registered startup operating as a Public Limited Indian Non-Government Company incorporated in India on 24 June 2016 (Eight years and ten months 10 days old ). Its registered office is in Gautam Buddha Nagar, Uttar Pradesh, India.
The Company is engaged in the Engineering 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 2.90 Cr and a paid-up capital of Rs 5.35 M.
The company currently has active open charges totaling ₹395.00 Cr. The company has closed loans amounting to ₹7.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Addverb Technologies Limited India are Ashu Kansal as CFO and Divya Aggarwal as Company Secretary. Hetal Rathod, Dhirendra Shah, Ashwin Khasgiwala, and Six other members serve as directors at the Company.
Company Details
- Location
Gautam Buddha Nagar, Uttar Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74999UP2016PLC122944
- Company No.
122944
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
24 Jun 2016
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kanpur
Industry
Engineering
What products or services does Addverb Technologies Limited offer?
Addverb Technologies Limited offers a wide range of products and services, including Machines & Equipments, Industrial Machinery, IT, Networking & Automation Solution, IT Solutions, Material Handling Machines & Systems, Assembly Robots, Warehouses and Warehousing Agents, Warehousing Management Services, Conveyor Systems & Components, Conveyors.
Addverb Technologies Limited
Explore comprehensive data for Addverb Technologies Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Addverb Technologies?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ashu Kansal | CFO | 14-Jun-2019 | Current |
Divya Aggarwal  | Company Secretary | 24-Jun-2020 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sangeet Kumar | Whole-Time Director | 24-Jun-2016 | Current |
| Kiran Thomas | Director | 16-Sep-2021 | Current |
| Jalaj Dani | Director | 12-Feb-2018 | Current |
| Anish Shah | Director | 16-Sep-2021 | Current |
| Hetal Rathod | Director | 20-Jul-2022 | Current |
| Dhirendra Shah | Director | 16-Sep-2021 | Current |
Financial Performance of Addverb Technologies.
Addverb Technologies Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 30.77% decrease. The company also saw a substantial fall in profitability, with a 1356.57% decrease in profit. The company's net worth observed a substantial decline by a decrease of 11.24%.
- Key Matrics
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- Profit and Loss
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What is the Ownership and Shareholding Structure of Addverb Technologies?
In 2024, Addverb Technologies had a promoter holding of 58.21% and a public holding of 41.79%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ryohin-Keikaku Reliance India Private LimitedHetal Rathod is a mutual person
Rise Worldwide LimitedJalaj Dani is a mutual person
Reliance FoundationJalaj Dani is a mutual person
Indiavidual Learning LimitedDhirendra Shah and Kiran Thomas are mutual person
Reliance Luxe Beauty LimitedHetal Rathod is a mutual person
Metro Cash And Carry India LimitedAshwin Khasgiwala is a mutual person
Charges (Loans)
Open Charges
₹395.00 Cr
Satisfied Charges
₹7.50 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 187.50 Cr
- Hdfc Bank Limited : 162.50 Cr
- Others : 45.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 May 2024 | Others | ₹45.00 Cr | Open |
| 31 Jul 2020 | Axis Bank Limited | ₹187.50 Cr | Open |
| 15 Jun 2019 | Hdfc Bank Limited | ₹162.50 Cr | Open |
| 29 Jan 2020 | Tata Capital Financial Services Limited | ₹7.50 Cr | Satisfied |
How Many Employees Work at Addverb Technologies?
Addverb Technologies has a workforce of 768 employees as of Oct 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Addverb Technologies, 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 Addverb Technologies's trajectory.
Rating
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
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 Addverb Technologies
Recent activity within the organization
- Annual General Meeting
Addverb Technologies Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 45.00 Cr with Charge ID 100922842 was registered on 11 May 2024.
- Balance Sheet
Addverb Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur.
- Charges
A charge registered on 29 Jan 2020 via Charge ID 100323922 with Tata Capital Financial Services Limited was fully satisfied on 25 Jan 2024.
- Charges
A charge with Axis Bank Limited of Rs. 187.50 Cr registered on 31 Jul 2020 with Charge ID 100361096 was modified on 11 Aug 2023.
- Charges
A charge with Hdfc Bank Limited of Rs. 162.50 Cr registered on 15 Jun 2019 with Charge ID 100271653 was modified on 29 Jun 2023.
Recent News, Updates & Announcement
- Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing.
Addverb, a robotics firm owned by Reliance Retail, aims to generate revenue of over Rs 8,000 crore in the next five years. The company plans to achieve this by scaling up its manufacturing operations and diversifying its target market. Addverb Technologies is set to invest Rs 500 crore in its robot manufacturing facility in Greater Noida, with the aim of achieving $1 billion in revenue. .
Frequently asked questions
What is the Incorporation or founding date of Addverb Technologies Limited?
Addverb Technologies Limited was incorporated on 24 Jun 2016.
What is authorized share capital and paid-up capital of Addverb Technologies Limited?
The authorized share capital of Addverb Technologies Limited is ₹ 2.90 Cr and paid-up capital is ₹ 5.35 M.
Who are the current board members & directors of Addverb Technologies Limited?
Currently 11 directors are associated with Addverb Technologies Limited.
- Hetal Jignesh Rathod
- Dhirendra Harilal Shah
- Ashwin Ahamendra Khasgiwala
- Ashok Kumar Goyal
- Chandrakant Shripad Gokhale
- Jalaj Ashwin Dani
- Kiran Mathew Thomas
- Ashu Kansal
- Anish Keshavlal Shah
- Sangeet Kumar
- Divya Aggarwal
What is the registered address of Addverb Technologies Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Addverb Technologies Limited is Plot No. 5 Sector-156 Phase-Ii, Noida India, Gautam Buddha Nagar, Uttar Pradesh, 201310.
What is the corporate identification number (CIN) and company number of Addverb Technologies Limited?
The corporate identification number (CIN) of Addverb Technologies Limited is U74999UP2016PLC122944 and the company number is 122944 as per Ministry of Corporate Affairs (MCA).
What is the official website of Addverb Technologies Limited?
The Official website of Addverb Technologies Limited is https://www.addverb.in
What has been the recent revenue trend for Addverb Technologies Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Addverb Technologies Limited has fallen by -30.77%.
How many employees does Addverb Technologies Limited currently have?
As Per 2024 financial reports, 768 employees are currently employed by Addverb Technologies Limited.
What change has been observed in the net worth of Addverb Technologies Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Addverb Technologies Limited has experienced an downturn of -11.24%.
What are the total open charges for Addverb Technologies Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Addverb Technologies Limited amount to ₹ 395.00 Cr.
When was the last Balance Sheet of Addverb Technologies Limited filed with the ROC?
The most recent Balance Sheet for Addverb Technologies Limited was filed with the ROC on 31 Mar 2024.
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