Avanti Finance Profile
Key Indicators
- Authorised Capital ₹ 395.70 Cr
as on 03-07-2024
- Paid Up Capital ₹ 385.31 Cr
as on 03-07-2024
- Company Age 8 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,147.00 Cr
as on 03-07-2024
- Satisfied Charges ₹ 70.00 Cr
as on 03-07-2024
- Revenue 149.96%
(FY 2023)
- Profit -109.12%
(FY 2023)
- Ebitda -47.74%
(FY 2023)
- Net Worth 63.43%
(FY 2023)
- Total Assets 79.81%
(FY 2023)
About Avanti Finance
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 395.70 Cr and a paid-up capital of Rs 385.31 Cr.
The company currently has active open charges totaling ₹1,147.00 Cr. The company has closed loans amounting to ₹70.00 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. Ratan Tata, Anirudh Sarda, Rahul Gupta, and Five other members serve as directors at the Company.
- CIN/LLPIN
U65929KA2016PTC138355
- Company No.
284282
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
01 Aug 2016
- Date of AGM
23 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Avanti Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Urvashi Bahirsheth | Company Secretary | 14-Mar-2018 | Current |
Board Members(8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sukanya Anand  | Director | 13-Jul-2022 | Current |
| Subramaniam Somasundaram | Director | 13-Jul-2022 | Current |
| Ratan Tata | Director | 01-Aug-2016 | Current |
| Nandan Nilekani | Director | 01-Aug-2016 | Current |
| Anirudh Sarda | Nominee Director | 26-Feb-2024 | Current |
| Rahul Gupta | Director | 13-Jul-2022 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Jm Financial Asset Reconstruction Company LimitedActive 17 years 3 monthsVijay Kelkar is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 Mar 2024 | ₹10.00 Cr | Open |
Others Creation Date: 29 Mar 2024 | ₹6.50 Cr | Open |
Others Creation Date: 28 Mar 2024 | ₹25.00 Cr | Open |
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.
Deals i
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
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.
