Avancer Technology Solutions Private Limited

Founded in 2016 and headquartered in Maharashtra, India.

2016 | Pune, Maharashtra (India) | Active
Last Updated: December 03, 2024

Avancer Technology Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.14 M
  • Company Age 8 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 42.75%
  • Profit Growth 62.77%
  • Ebitda 66.47%
  • Net Worth -658.96%
  • Total Assets -63.98%

About Avancer Technology Solutions

Avancer Technology Solutions Private Limited (ATSPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 14 December 2016 (Eight years and one month 25 days old ). Its registered office is in Pune, Maharashtra, India.

The Company is engaged in the Business Services 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 0.20 M and a paid-up capital of Rs 0.14 M, as per Ministry of Corporate Affairs (MCA) records.

Sachin Kulkarni, Nikhil Veettil, and Sanket Kulkarni serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999PN2016PTC167489

  • Company No.

    167489

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    14 Dec 2016

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Business Services

What products or services does Avancer Technology Solutions Private Limited offer?

Avancer Technology Solutions Private Limited offers a wide range of products and services, including Asset Management Software, Asset Management System.

Who are the key members and board of directors at Avancer Technology Solutions?

Executive Team (2)

Name Designation Appointment Date Status
Sachin Kulkarni Country flag representing In Managing Director 14-Dec-2016 Current
Nikhil Veettil Country flag representing In Managing Director 14-Dec-2016 Current

Board Members (1)

Name Designation Appointment Date Status
Sanket Kulkarni Country flag representing In Additional Director 22-Mar-2024 Current

Financial Performance of Avancer Technology Solutions.

Avancer Technology Solutions Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 42.75% increase. The company also saw a substantial improvement in profitability, with a 62.77% increase in profit. The company's net worth observed a substantial decline by a decrease of 658.96%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
42.75%
Revenue from Operations
66.46%
Total Assets
-63.98%
Profit or Loss
62.77%
Net Worth
-658.96%
EBITDA
66.47%

What is the Ownership and Shareholding Structure of Avancer Technology Solutions?

In 2017, Avancer Technology Solutions had a promoter holding of 70.01% and a public holding of 29.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Avancer Technology Solutions?

Unlock and access historical data on people associated with Avancer Technology Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Avancer Technology Solutions, 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 Avancer Technology Solutions's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Avancer Technology Solutions

Recent activity within the organization

  • Director Appointment

    Sanket Satish Kulkarni was appointed as a Additional Director was appointed as a Additional Director on 22 Mar 2024 & has been associated with this company since 10 months 19 days .

    22 Mar 2024

  • Annual General Meeting

    Avancer Technology Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Avancer Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

    31 Mar 2023

  • Director Appointment

    Sachin Satish Kulkarni was appointed as a Managing Director was appointed as a Managing Director on 14 Dec 2016 & has been associated with this company since 8 years 1 month .

    14 Dec 2016

  • Director Appointment

    Nikhil Chathukutty Vadakanmare Veettil was appointed as a Managing Director was appointed as a Managing Director on 14 Dec 2016 & has been associated with this company since 8 years 1 month .

    14 Dec 2016

  • Company Incorporation

    Avancer Technology Solutions Private Limited was registered on 14 Dec 2016 with Roc Pune & aged 8 years 1 month as per MCA records.

    14 Dec 2016

Frequently asked questions

  • Avancer Technology Solutions Private Limited was incorporated on 14 Dec 2016.

  • The authorized share capital of Avancer Technology Solutions Private Limited is ₹ 0.20 M and paid-up capital is ₹ 0.14 M.

  • Currently 3 directors are associated with Avancer Technology Solutions Private Limited.

    • Sachin Satish Kulkarni
    • Nikhil Chathukutty Vadakanmare Veettil
    • Sanket Satish Kulkarni
  • As per Ministry of Corporate Affairs (Mca), the registered address of Avancer Technology Solutions Private Limited is Plot No. 41/42 Ground Floor Tejaswini Housing Society Lane 2 D. P. Road Baner, India, Pune, Maharashtra, 411045.

  • The corporate identification number (CIN) of Avancer Technology Solutions Private Limited is U74999PN2016PTC167489 and the company number is 167489 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Avancer Technology Solutions Private Limited is https://www.avancersystems.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Avancer Technology Solutions Private Limited has risen by 42.75%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Avancer Technology Solutions Private Limited has experienced an downturn of -658.96%.

  • The most recent Balance Sheet for Avancer Technology Solutions Private Limited was filed with the ROC on 31 Mar 2023.

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