Avaada Ventures Profile
Key Indicators
- Authorised Capital ₹ 240.78 Cr
as on 18-07-2024
- Paid Up Capital ₹ 84.19 Cr
as on 18-07-2024
- Company Age 17 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9,673.85 Cr
as on 18-07-2024
- Satisfied Charges ₹ 3,732.50 Cr
as on 18-07-2024
- Revenue -94.07%
(FY 2022)
- Profit -262.23%
(FY 2022)
- Ebitda -110.19%
(FY 2022)
- Net Worth 4.90%
(FY 2022)
- Total Assets 5.16%
(FY 2022)
About Avaada Ventures
The Corporate was formerly known as Candor Power Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 240.78 Cr and a paid-up capital of Rs 84.19 Cr.
The company currently has active open charges totaling ₹9,673.85 Cr. The company has closed loans amounting to ₹3,732.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vineet Mittal, Sindoor Mittal, Vinoo George, and Two other members serve as directors at the Company.
- CIN/LLPIN
U35106MH2007PTC318041
- Company No.
318041
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
27 Jun 2007
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Avaada Ventures?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinoo George  | Director | 01-Apr-2017 | Current |
| Prashant Choubey | Director | 24-May-2018 | Current |
| Vineet Mittal | Director | 29-Mar-2023 | Current |
| Sindoor Mittal | Director | 27-Jun-2007 | Current |
| Nawal Saini | Director | 29-Mar-2023 | Current |
Financial Performance and Corporate Structure Insights of Avaada Ventures.
Avaada Ventures Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 94.07% decrease. The company also saw a substantial fall in profitability, with a 262.23% decrease in profit. The company's net worth moved up by a moderate rise of 4.9%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Avaada Ventures?
In 2022, Avaada Ventures had a promoter holding of 100.00%. The company had 59 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Clean Max Enviro Energy Solutions Private LimitedActive 14 years 2 monthsNawal Saini is a mutual person
Avaada Non-Conventional Energy Private LimitedActive 9 years 10 monthsPrashant Choubey is a mutual person
Avaada Energy Private LimitedActive 16 years 11 monthsVineet Mittal and Sindoor Mittal are mutual person
- Avaada Electro Private LimitedActive 3 years 7 months
Vinoo George and Prashant Choubey are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 27 Jul 2023 | ₹8,225.00 Cr | Open |
Yes Bank Limited Creation Date: 09 Feb 2023 | ₹148.85 Cr | Open |
Sbicap Trustee Company Limited Creation Date: 12 Jan 2021 | ₹300.00 Cr | Open |
How Many Employees Work at Avaada Ventures?
Avaada Ventures has a workforce of 4 employees as of Apr 03, 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 Avaada Ventures, 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 Avaada Ventures'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.
