Avance Technologies Profile
Key Indicators
- Authorised Capital ₹ 65.00 Cr
as on 04-07-2024
- Paid Up Capital ₹ 198.19 Cr
as on 04-07-2024
- Company Age 39 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 150.15 Cr
as on 04-07-2024
- Satisfied Charges ₹ 2.95 Cr
as on 04-07-2024
- Revenue 164.86%
(FY 2023)
- Profit 165.93%
(FY 2023)
- Ebitda 177.71%
(FY 2023)
- Net Worth 0.11%
(FY 2023)
- Total Assets 1.81%
(FY 2023)
About Avance Technologies
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.
- 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
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media
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 and Corporate Structure Insights 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)
Allied Computers International (Asia) LimitedActive 22 years 7 monthsAkshay Nawale is a mutual person
- Verticore Technologies Private LimitedActive 3 months 20 days
Srikrishna Bhamidipati and Deepak Mane are mutual person
- Avance Platforms Private LimitedActive 2 months 14 days
Srikrishna Bhamidipati and Deepak Mane are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 31 Mar 2018 | ₹150.00 Cr | Open |
Icici Bank Ltd. Creation Date: 26 Feb 1993 | ₹1.47 M | Open |
Asset Reconstruction Company (India) Limited Creation Date: 13 Jun 2003 | ₹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
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.
