Avanti Finance Private Limited

Founded in 2016 and headquartered in Karnataka, India.

2016 | Bangaluru, Karnataka (India) | Active
Last Updated:

Avanti Finance Profile

Key Indicators

  • Authorised Capital ₹ 420.70 Cr
  • Paid Up Capital ₹ 405.50 Cr
  • Company Age 8 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,262.00 Cr
  • Satisfied Charges ₹ 100.00 Cr
  • Revenue Growth 149.96%
  • Profit Growth -109.12%
  • Ebitda -47.74%
  • Net Worth 63.43%
  • Total Assets 79.81%

About Avanti Finance

Avanti Finance Private Limited (AFPL) is a Private Limited Indian Non-Government Company incorporated in India on 01 August 2016 (Eight years and nine months 18 days old ). Its registered office is in Bangaluru, Karnataka, India.

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 420.70 Cr and a paid-up capital of Rs 405.50 Cr.

The company currently has active open charges totaling ₹1,262.00 Cr. The company has closed loans amounting to ₹100.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Avanti Finance Private Limited India is Urvashi Bahirsheth as COMPANY SECRETARY. Vijay Kelkar, Nandan Nilekani, Subramaniam Somasundaram, and Four other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65929KA2016PTC138355

  • Company No.

    284282

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Aug 2016

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services
Company report

Avanti Finance Private Limited

Explore comprehensive data for Avanti Finance Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Avanti Finance?

Executive Team (1)

NameDesignationAppointment DateStatus
Urvashi Bahirsheth Company Secretary14-Mar-2018Current

Board Members (7)

NameDesignationAppointment DateStatus
Sukanya Anand Country flag representing In Director 13-Jul-2022Current
Subramaniam Somasundaram Country flag representing In Director 13-Jul-2022Current
Nandan Nilekani Country flag representing In Director 01-Aug-2016Current
Vijay Kelkar Country flag representing In Director 01-Aug-2016Current
Bindu Ananth Country flag representing In Nominee Director 30-Sep-2021Current
Rahul Gupta Country flag representing In Director 13-Jul-2022Current

Financial Performance of Avanti Finance.

Avanti Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 149.96% increase. The company also saw a substantial fall in profitability, with a 109.12% decrease in profit. The company's net worth Soared by an impressive increase of 63.43%.

Avanti Finance revenue growth over time
Avanti Finance 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
149.96%
Revenue from Operations
147.77%
Total Assets
79.81%
Profit or Loss
-109.12%
Net Worth
63.43%
EBITDA
-47.74%

What is the Ownership and Shareholding Structure of Avanti Finance?

In 2023, Avanti Finance had a promoter holding of 11.77% and a public holding of 88.23%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,262.00 Cr

Satisfied Charges

₹100.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 1207.00 Cr
  • Yes Bank Limited : 30.00 Cr
  • Tata Capital Financial Services Limited : 25.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 May 2024Yes Bank Limited₹30.00 CrOpen
28 May 2024Others₹50.00 CrOpen
29 Apr 2024Others₹35.00 CrOpen
30 Mar 2024Others₹10.00 CrOpen
29 Mar 2024Others₹6.50 CrOpen

How Many Employees Work at Avanti Finance?

Avanti Finance has a workforce of 87 employees as of Mar 26, 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.

Employee growth trends for Avanti Finance Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Avanti Finance, 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 Avanti Finance'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 Avanti Finance

Recent activity within the organization

  • Annual General Meeting

    Avanti Finance Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Director Appointment

    Jeroen Bart Nicolaas Meerburg was appointed as a Nominee Director was appointed as a Nominee Director on 24 Aug 2024 & has been associated with this company since 8 months 25 days .

  • Charges

    A charge registered on 06 Jun 2022 via Charge ID 100584591 with Others was fully satisfied on 20 Jun 2024.

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100925210 was registered on 30 May 2024.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100934249 was registered on 28 May 2024.

  • Charges

    A charge with Others of Rs. 25.00 Cr registered on 28 Feb 2024 with Charge ID 100884599 was modified on 30 Apr 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Avanti Finance Private Limited?

    Avanti Finance Private Limited was incorporated on 01 Aug 2016.

  • What is authorized share capital and paid-up capital of Avanti Finance Private Limited?

    The authorized share capital of Avanti Finance Private Limited is ₹ 420.70 Cr and paid-up capital is ₹ 405.50 Cr.

  • Who are the current board members & directors of Avanti Finance Private Limited?

    Currently 8 directors are associated with Avanti Finance Private Limited.

    • Vijay Laxman Kelkar
    • Nandan Mohan Nilekani
    • Subramaniam Somasundaram
    • Bindu Ananth
    • Sukanya Kripalu Anand
    • Rahul Gupta
    • Jeroen Bart Nicolaas Meerburg
    • Urvashi Prafulla Bahirsheth

  • What is the registered address of Avanti Finance Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Avanti Finance Private Limited is 2727 2Nd Floor 1St Main Road Hal 3Rd Stage, Ward No 58 (Old No. 83) India, Bangalore North, Karnataka, 560075.

  • What is the corporate identification number (CIN) and company number of Avanti Finance Private Limited?

    The corporate identification number (CIN) of Avanti Finance Private Limited is U65929KA2016PTC138355 and the company number is 284282 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Avanti Finance Private Limited?

    The Official website of Avanti Finance Private Limited is https://www.avantifinance.in

  • What has been the recent revenue trend for Avanti Finance Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Avanti Finance Private Limited has risen by 149.96%.

  • How many employees does Avanti Finance Private Limited currently have?

    As Per 2023 financial reports, 87 employees are currently employed by Avanti Finance Private Limited.

  • What change has been observed in the net worth of Avanti Finance Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Avanti Finance Private Limited has experienced an upsurge of 63.43%.

  • What are the total open charges for Avanti Finance Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Avanti Finance Private Limited amount to ₹ 1,262.00 Cr.

  • When was the last Balance Sheet of Avanti Finance Private Limited filed with the ROC?

    The most recent Balance Sheet for Avanti Finance Private Limited was filed with the ROC on 31 Mar 2024.

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