Avanti Microfinance Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 39.52 Cr
- Company Age 8 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Revenue Growth 205.40%
- Profit Growth -419.32%
- Ebitda -326.91%
- Net Worth -73.27%
- Total Assets -75.95%
About Avanti Microfinance
Avanti Microfinance Private Limited (AMPL) is a Private Limited Indian Non-Government Company incorporated in India on 07 October 2016 (Eight years and five months 20 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 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 39.52 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avanti Microfinance Private Limited India is Darshil Mehta as COMPANY SECRETARY. Manish Thakkar, Nagaraj Subrahmanya, and Rahul Gupta 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
U65929KA2016PTC138292
- Company No.
286640
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Oct 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 Microfinance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Darshil Mehta  | Company Secretary | 13-Feb-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nagaraj Subrahmanya | Director | 02-Apr-2024 | Current |
| Manish Thakkar | Director | 02-Apr-2024 | Current |
| Rahul Gupta | Director | 02-Apr-2024 | Current |
Financial Performance of Avanti Microfinance.
Avanti Microfinance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 205.4% increase. The company also saw a substantial fall in profitability, with a 419.32% decrease in profit. The company's net worth observed a substantial decline by a decrease of 73.27%.
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What is the Ownership and Shareholding Structure of Avanti Microfinance?
In 2023, Avanti Microfinance had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Rgvn (North East) Microfinance LimitedManish Thakkar is a mutual person
Whizdm Finance Private LimitedNagaraj Subrahmanya is a mutual person
Sewa Grih Rin LimitedManish Thakkar is a mutual person
- Avanti Finance Private Limited
Rahul Gupta is a mutual person
Social Alpha Advisers LlpManish Thakkar is a mutual person
- Axia Infoserve Llp
Manish Thakkar is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Avanti Microfinance?
Avanti Microfinance has a workforce of 1 employees as of Apr 08, 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 Microfinance, 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 Microfinance'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 Microfinance
Recent activity within the organization
- Director Appointment
Manish Purshottam Thakkar was appointed as a Director was appointed as a Director on 02 Apr 2024 & has been associated with this company since 11 months 25 days .
- Director Appointment
Nagaraj Subrahmanya was appointed as a Director was appointed as a Director on 02 Apr 2024 & has been associated with this company since 11 months 25 days .
- Director Appointment
Rahul Gupta was appointed as a Director was appointed as a Director on 02 Apr 2024 & has been associated with this company since 11 months 25 days .
- Director Appointment
Darshil Harish Mehta was appointed as a Company Secretary was appointed as a Company Secretary on 13 Feb 2024 & has been associated with this company since 1 year 1 month .
- Annual General Meeting
Avanti Microfinance Private Limited last Annual general meeting of members was held on 23 Aug 2023 as per latest MCA records.
- Balance Sheet
Avanti Microfinance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Recent News, Updates & Announcement
- When Tech and Finance Join Forces: The Future of Fancy Financing with IoT and Data.
When your tech company and finance company team up to make fancy financing using fancy data. #IoT #MoneyMoves #TechSavvy #Innovative #CollaborationGoals.
- 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 Microfinance Private Limited?
Avanti Microfinance Private Limited was incorporated on 07 Oct 2016.
What is authorized share capital and paid-up capital of Avanti Microfinance Private Limited?
The authorized share capital of Avanti Microfinance Private Limited is ₹ 40.00 Cr and paid-up capital is ₹ 39.52 Cr.
Who are the current board members & directors of Avanti Microfinance Private Limited?
Currently 4 directors are associated with Avanti Microfinance Private Limited.
- Manish Purshottam Thakkar
- Nagaraj Subrahmanya
- Rahul Gupta
- Darshil Harish Mehta
What is the registered address of Avanti Microfinance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avanti Microfinance Private Limited is 2727 2Nd Floor 1St Main Road Hal 3Rd Stage, Ward No 58 (Old No. 8) India, Bangalore North, Karnataka, 560075.
What is the corporate identification number (CIN) and company number of Avanti Microfinance Private Limited?
The corporate identification number (CIN) of Avanti Microfinance Private Limited is U65929KA2016PTC138292 and the company number is 286640 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avanti Microfinance Private Limited?
The Official website of Avanti Microfinance Private Limited is https://www.avantimfin.in
What has been the recent revenue trend for Avanti Microfinance Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avanti Microfinance Private Limited has risen by 205.40%.
How many employees does Avanti Microfinance Private Limited currently have?
As Per 2023 financial reports, 1 employees are currently employed by Avanti Microfinance Private Limited.
What change has been observed in the net worth of Avanti Microfinance Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avanti Microfinance Private Limited has experienced an downturn of -73.27%.
When was the last Balance Sheet of Avanti Microfinance Private Limited filed with the ROC?
The most recent Balance Sheet for Avanti Microfinance Private Limited was filed with the ROC on 31 Mar 2023.
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