Avasara Finance Profile
Key Indicators
- Authorised Capital ₹ 8.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 30 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.02 Cr
- Revenue Growth 37.27%
- Profit Growth 106.65%
- Ebitda 108.34%
- Net Worth 1.29%
- Total Assets 3.49%
About Avasara Finance
Avasara Finance Limited (AFL) is a Public Limited Indian Non-Government Company incorporated in India on 24 May 1994 and has a history of 30 years and nine months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 511730.
The Corporate was formerly known as Trc Financial And Management 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 2023. It's a company limited by shares with an authorized capital of Rs 8.00 Cr and a paid-up capital of Rs 5.00 Cr.
The company currently has active open charges totaling ₹2.02 Cr.
The Key Managerial Personnel (KMP) at Avasara Finance Limited India are Sabarinath Krishnan as CFO and Charmi Gindra as Company Secretary. Valmeekanathan Subramanian, Naresh Gandhi, Uma Bontha, and Two 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
L74899MH1994PLC216417
- Company No.
216417
- Stock Symbol
BSE : 511730
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
24 May 1994
- Date of AGM
27 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Avasara Finance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sabarinath Krishnan | CFO | 29-Jun-2021 | Current |
Charmi Gindra  | Company Secretary | 14-Nov-2018 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Naresh Gandhi | Director | 11-May-2018 | Current |
| Korodi Prabhu | Director | 22-May-2018 | Current |
| Valmeekanathan Subramanian | Director | 10-Nov-2021 | Current |
| Uma Bontha | Director | 09-Apr-2019 | Current |
Financial Performance of Avasara Finance.
Avasara Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.27% increase. The company also saw a substantial improvement in profitability, with a 106.65% increase in profit. The company's net worth moved up by a moderate rise of 1.29%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avasara Finance?
In 2023, Avasara Finance had a promoter holding of 65.88% and a public holding of 34.12%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹2.02 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Central Bank Of India : 2.02 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Sep 1996 | Central Bank Of India | ₹0.25 M | Open |
| 26 Aug 1996 | Central Bank Of India | ₹1.00 Cr | Open |
| 25 May 1996 | Central Bank Of India | ₹1.00 Cr | Open |
How Many Employees Work at Avasara Finance?
Unlock and access historical data on people associated with Avasara Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Avasara 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 Avasara 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 Avasara Finance
Recent activity within the organization
- Annual General Meeting
Avasara Finance Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.
- Balance Sheet
Avasara Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Director Appointment
Valmeekanathan Subramanian was appointed as a Director was appointed as a Director on 10 Nov 2021 & has been associated with this company since 3 years 3 months .
- Director Appointment
Sabarinath Gopala Krishnan was appointed as a Cfo was appointed as a Cfo on 29 Jun 2021 & has been associated with this company since 3 years 8 months .
- Director Appointment
Uma Prasad Bontha was appointed as a Director was appointed as a Director on 09 Apr 2019 & has been associated with this company since 5 years 10 months .
- Director Appointment
Korodi Sanjay Prabhu was appointed as a Director was appointed as a Director on 22 May 2018 & has been associated with this company since 6 years 9 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Avasara Finance Limited?
Avasara Finance Limited was incorporated on 24 May 1994.
What is authorized share capital and paid-up capital of Avasara Finance Limited?
The authorized share capital of Avasara Finance Limited is ₹ 8.00 Cr and paid-up capital is ₹ 5.00 Cr.
Who are the current board members & directors of Avasara Finance Limited?
Currently 7 directors are associated with Avasara Finance Limited.
- Valmeekanathan Subramanian
- Naresh Gandhi
- Uma Prasad Bontha
- Sabarinath Gopala Krishnan
- Charmi Kartik Gindra
- Sabarinath Gopala Krishnan
- Korodi Sanjay Prabhu
What is the registered address of Avasara Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avasara Finance Limited is Bandra Hill View Chs (3Rd Floor) 85 Hill Road, Opp. Yoko Sizzlers Bandra (W), Mumbai, Maharashtra, India, 400050.
What is the corporate identification number (CIN) and company number of Avasara Finance Limited?
The corporate identification number (CIN) of Avasara Finance Limited is L74899MH1994PLC216417 and the company number is 216417 as per Ministry of Corporate Affairs (MCA).
Is Avasara Finance Limited registered with any stock exchange in India?
Yes, Avasara Finance Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Avasara Finance Limited?
The Official website of Avasara Finance Limited is https://www.trcfin.in
What has been the recent revenue trend for Avasara Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avasara Finance Limited has risen by 37.27%.
What change has been observed in the net worth of Avasara Finance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avasara Finance Limited has experienced an upsurge of 1.29%.
What are the total open charges for Avasara Finance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avasara Finance Limited amount to ₹ 2.02 Cr.
When was the last Balance Sheet of Avasara Finance Limited filed with the ROC?
The most recent Balance Sheet for Avasara Finance Limited was filed with the ROC on 31 Mar 2023.
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