Avanse Financial Services Profile
Key Indicators
- Authorised Capital ₹ 200.00 Cr
- Paid Up Capital ₹ 125.91 Cr
- Company Age 32 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 18,056.76 Cr
- Satisfied Charges ₹ 5,193.79 Cr
- Revenue Growth 74.53%
- Profit Growth 117.18%
- Ebitda 77.34%
- Net Worth 71.02%
- Total Assets 47.38%
About Avanse Financial Services
Avanse Financial Services Limited (AFSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 August 1992 and has a history of 32 years and five months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Avanse Financial Services 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 2024. 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 ₹18,056.76 Cr. The company has closed loans amounting to ₹5,193.79 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avanse Financial Services Limited India are Amit Gainda as Ceo, Rajesh Gandhi as Company Secretary, and Vikrant Gandhi as Cfo. Neeraj Swaroop, Ravi Venkatraman, Vijayalakshmi Iyer, and Six 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
U67120MH1992PLC068060
- Company No.
068060
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Aug 1992
- Date of AGM
12 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
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  | CEO | 02-Mar-2022 | Current |
| Rajesh Gandhi | Company Secretary | 11-Nov-2022 | Current |
| Vikrant Gandhi | CFO | 07-Mar-2024 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vijayalakshmi Iyer | Director | 30-Jul-2019 | Current |
| Sunish Sharma | Nominee Director | 01-Jul-2024 | 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 of Avanse Financial Services.
Avanse Financial Services Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 74.53% increase. The company also saw a substantial improvement in profitability, with a 117.18% increase in profit. The company's net worth Soared by an impressive increase of 71.02%.
- 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 2023, Avanse Financial Services had a promoter holding of 59.32% and a public holding of 40.67%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
L&T Metro Rail (Hyderabad) LimitedVijayalakshmi Iyer is a mutual person
Kotak Mahindra Prime LimitedRavi Venkatraman is a mutual person
Spandana Sphoorty Financial LimitedNeeraj Swaroop and Sunish Sharma are mutual person
Vedant Fashions LimitedSunish Sharma is a mutual person
Esaf Small Finance Bank LimitedRavi Venkatraman is a mutual person
Aditya Birla Capital LimitedVijayalakshmi Iyer is a mutual person
Charges (Loans)
₹18,056.76 Cr
₹5,193.79 Cr
Charges Breakdown by Lending Institutions
- Others : 18006.76 Cr
- Gda Trusteeship Limited : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2024 | Others | ₹525.00 Cr | Open |
| 21 Oct 2024 | Others | ₹250.00 Cr | Open |
| 15 Oct 2024 | Others | ₹175.00 Cr | Open |
| 04 Oct 2024 | Others | ₹350.00 Cr | Open |
| 24 Sep 2024 | Others | ₹500.00 Cr | Open |
How Many Employees Work at Avanse Financial Services?
Avanse Financial Services has a workforce of 723 employees as of Jan 02, 2025. 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.
