Avanse Financial Services Profile
Key Indicators
- Authorised Capital ₹ 200.00 Cr
as on 05-07-2024
- Paid Up Capital ₹ 125.91 Cr
as on 05-07-2024
- Company Age 32 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 12,144.71 Cr
as on 05-07-2024
- Satisfied Charges ₹ 4,293.79 Cr
as on 05-07-2024
- Revenue 94.72%
(FY 2023)
- Profit 149.56%
(FY 2023)
- Ebitda 105.38%
(FY 2023)
- Net Worth 112.92%
(FY 2023)
- Total Assets 78.48%
(FY 2023)
About Avanse Financial Services
The Corporate was formerly known as Abhivruddhi Holdings Private Limited. The Company is engaged in the Financial 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 200.00 Cr and a paid-up capital of Rs 125.91 Cr.
The company currently has active open charges totaling ₹12,144.71 Cr. The company has closed loans amounting to ₹4,293.79 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avanse Financial Services Limited India are Vikrant Gandhi as Cfo, Amit Gainda as Ceo, and Rajesh Gandhi as Company Secretary. Neeraj Swaroop, Ravi Venkatraman, Vijayalakshmi Iyer, and Three other members serve as directors at the Company.
- CIN/LLPIN
U67120MH1992PLC068060
- Company No.
068060
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Aug 1992
- Date of AGM
27 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
What products or services does Avanse Financial Services Limited offer?
Avanse Financial Services Limited offers a wide range of products and services, including Home, Auto & Other Loan Services, Personal Loan.
Who are the key members and board of directors at Avanse Financial Services?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Amit Gainda  | Managing Director | Current | |
| Vikrant Gandhi | CFO | 07-Mar-2024 | Current |
| Rajesh Gandhi | Company Secretary | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vijayalakshmi Iyer | Director | 30-Jul-2019 | Current |
| Savita Mahajan | Director | 01-Dec-2018 | Current |
| Neeraj Swaroop | Director | 30-Jul-2019 | Current |
| Narendra Ostawal | Director | 30-Jul-2019 | Current |
| Ravi Venkatraman | Director | 05-Jul-2021 | Current |
Financial Performance and Corporate Structure Insights of Avanse Financial Services.
Avanse Financial Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 94.72% increase. The company also saw a substantial improvement in profitability, with a 149.56% increase in profit. The company's net worth Soared by an impressive increase of 112.92%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Avanse Financial Services?
In 2022, Avanse Financial Services had a promoter holding of 80.00% and a public holding of 20.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 31 Jan 2024 | ₹50.00 Cr | Open |
Others Creation Date: 26 Sep 2023 | ₹1,206.55 Cr | Open |
Others Creation Date: 25 May 2023 | ₹700.00 Cr | Open |
How Many Employees Work at Avanse Financial Services?
Avanse Financial Services has a workforce of 607 employees as of Apr 01, 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 Avanse Financial Services, 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 Avanse Financial Services'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.
