Avanti Finance Profile
Key Indicators
- Authorised Capital ₹ 395.70 Cr
- Paid Up Capital ₹ 385.31 Cr
- Company Age 8 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- 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 seven months 0 days old ). Its registered office is in Bangalore, 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 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 ₹1,262.00 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. Ratan Tata, Vijay Kelkar, Nandan Nilekani, and Five other members serve as directors at the Company.
Company Details
- Location
Bangalore, 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
23 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
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 |
| Vijay Kelkar | Director | 01-Aug-2016 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Rnt Associates Private LimitedRatan Tata is a mutual person
Jm Financial Asset Reconstruction Company LimitedVijay Kelkar is a mutual person
Ekstep FoundationNandan Nilekani is a mutual person
Ceat LimitedSukanya Anand is a mutual person
Hexaware Technologies LimitedSukanya Anand is a mutual person
Dvara Health Finance Private LimitedBindu Ananth is a mutual person
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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2024 | Yes Bank Limited | ₹30.00 Cr | Open |
| 28 May 2024 | Others | ₹50.00 Cr | Open |
| 29 Apr 2024 | Others | ₹35.00 Cr | Open |
| 30 Mar 2024 | Others | ₹10.00 Cr | Open |
| 29 Mar 2024 | Others | ₹6.50 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.
Latest Updates, News, and FAQs on Avanti Finance
Recent activity within the organization
- 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.
- Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100922293 was registered on 29 Apr 2024.
- Charges
A charge registered on 12 Mar 2021 via Charge ID 100426404 with Others was fully satisfied on 18 Apr 2024.
Recent News, Updates & Announcement
Ratan Tata and Nandan Nilekani's Avanti Finance Pvt Ltd Secures $150 Million to Empower Underprivileged Communities.When rich guys Ratan Tata and Nandan Nilekani created Avanti Finance Pvt Ltd, they needed $150 million to help people without access to loans. They'll get the money from fancy investors and use it to connect banks with poor people who need small loans. They already have a license and a loan book, and they want to work with more banks in the future..
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 ₹ 395.70 Cr and paid-up capital is ₹ 385.31 Cr.
Who are the current board members & directors of Avanti Finance Private Limited?
Currently 9 directors are associated with Avanti Finance Private Limited.
- Ratan Naval Tata
- Vijay Laxman Kelkar
- Nandan Mohan Nilekani
- Subramaniam Somasundaram
- Bindu Ananth
- Anirudh Jagdish Sarda
- Sukanya Kripalu Anand
- Rahul Gupta
- 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 2023.
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