Avacend Solutions Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 16-07-2024
- Paid Up Capital ₹ 0.03 Cr
as on 16-07-2024
- Company Age 21 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 24.58 Cr
as on 16-07-2024
- Satisfied Charges ₹ 9.86 Cr
as on 16-07-2024
- Revenue -0.23%
(FY 2023)
- Profit -41.60%
(FY 2023)
- Ebitda -7.77%
(FY 2023)
- Net Worth 1.06%
(FY 2023)
- Total Assets 3.14%
(FY 2023)
About Avacend Solutions
The Corporate was formerly known as Avion Systems Private Limited. The Company is engaged in the Information Technology 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 1.00 Cr and a paid-up capital of Rs 0.03 Cr.
The company currently has active open charges totaling ₹24.58 Cr. The company has closed loans amounting to ₹9.86 Cr, as per Ministry of Corporate Affairs (MCA) records.
Govindarajulu Manivannan, Kalpana Anantaraman, and Uma Anantaraman serve as directors at the Company.
- CIN/LLPIN
U32200TN2003PTC128092
- Company No.
128092
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Jun 2003
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Avacend Solutions?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Govindarajulu Manivannan  | Director | 11-Feb-2005 | Current |
Kalpana Anantaraman  | Director | 06-Apr-2009 | Current |
| Uma Anantaraman | Director | 09-Jun-2017 | Current |
Financial Performance and Corporate Structure Insights of Avacend Solutions.
Avacend Solutions Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.23% decrease. The company also saw a substantial fall in profitability, with a 41.6% decrease in profit. The company's net worth moved up by a moderate rise of 1.06%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avacend Solutions?
In 2022, Avacend Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 04 Aug 2017 | ₹13.60 Cr | Open |
Hdfc Bank Limited Creation Date: 08 Jun 2017 | ₹10.98 Cr | Open |
The Saraswat Cooperative Bank Ltd Creation Date: 26 Nov 2015 | ₹5.00 M | Satisfied |
How Many Employees Work at Avacend Solutions?
Avacend Solutions has a workforce of 400 employees as of Mar 31, 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
As of Jul 21, 2010, Avacend Solutions has raised a total of ₹ 3.92 Cr, with the most recent deal valued at ₹ 9.79 M. Access detailed insights into the company’s deals, including security allotments, mergers, acquisitions, and strategic partnerships that have shaped its growth.
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.
