Avance Technologies Profile
Key Indicators
- Authorised Capital ₹ 65.00 Cr
- Paid Up Capital ₹ 198.19 Cr
- Company Age 40 Year, 22 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 150.15 Cr
- Satisfied Charges ₹ 2.95 Cr
- Revenue Growth 164.86%
- Profit Growth 165.93%
- Ebitda 177.71%
- Net Worth 0.11%
- Total Assets 1.81%
About Avance Technologies
Avance Technologies Limited (ATL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 January 1985 and has a history of 40 years. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 512149.
The Company is engaged in the Telecom 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 65.00 Cr and a paid-up capital of Rs 198.19 Cr.
The company currently has active open charges totaling ₹150.15 Cr. The company has closed loans amounting to ₹2.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avance Technologies Limited India are Vijaysingh Purohit as CFO and Sneha Shrivastava as Company Secretary. Srikrishna Bhamidipati, Shakila Makandar, Vasant Bhoir, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L51900MH1985PLC035210
- Company No.
035210
- Stock Symbol
BSE : 512149
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Jan 1985
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
What products or services does Avance Technologies Limited offer?
Avance Technologies Limited offers a wide range of products and services, including Telecom Services, Engg & Maintenance, Telecommunication Services, Internet Marketing & Promotion, Website Promotion Services, Mobile Communication Services.
Who are the key members and board of directors at Avance Technologies?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srikrishna Bhamidipati  | Managing Director | 15-Jan-2002 | Current |
| Vijaysingh Purohit | CFO | 06-Sep-2017 | Current |
| Sneha Shrivastava | Company Secretary | 21-Jun-2022 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shakila Makandar | Director | 23-Oct-2018 | Current |
| Vasant Bhoir | Director | 01-Oct-2016 | Current |
| Akshay Nawale | Director | 06-Sep-2017 | Current |
| Sanjay Devlekar | Director | 05-Sep-2019 | Current |
| Deepak Mane | Director | 30-Sep-2019 | Current |
Financial Performance of Avance Technologies.
Avance Technologies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 164.86% increase. The company also saw a substantial improvement in profitability, with a 165.93% increase in profit. The company's net worth moved up by a moderate rise of 0.11%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avance Technologies?
In 2022, Avance Technologies had a promoter holding of 0.88% and a public holding of 99.13%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Eco Recycling LimitedSrikrishna Bhamidipati is a mutual person
Allied Computers International (Asia) LimitedAkshay Nawale is a mutual person
Sanguine Media LimitedAkshay Nawale is a mutual person
Avance Ventures Private LimitedSrikrishna Bhamidipati is a mutual person
- Verticore Technologies Private Limited
Srikrishna Bhamidipati and Deepak Mane are mutual person
- Avance Platforms Private Limited
Srikrishna Bhamidipati and Deepak Mane are mutual person
Charges (Loans)
₹150.15 Cr
₹2.95 Cr
Charges Breakdown by Lending Institutions
- Others : 150.00 Cr
- Icici Bank Ltd. : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2018 | Others | ₹150.00 Cr | Open |
| 26 Feb 1993 | Icici Bank Ltd. | ₹1.47 M | Open |
| 13 Jun 2003 | Asset Reconstruction Company (India) Limited | ₹2.95 Cr | Satisfied |
How Many Employees Work at Avance Technologies?
Unlock and access historical data on people associated with Avance Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Avance 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 Avance 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
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